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Lynn 01904
7 Rand St
$475,000
● House - Off Market

7 Rand St

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,400 Ft²
$406,335
RealtyHop Estimate
1.61%
Since Jul 1, 2022
MA-Boston
Primary Model

About This Property

Welcome to this adorable 3 bed/1 bath ranch that has been very well maintained! A large bow/picture window allows plenty of light to flow into the living room. Hardwood flooring will carry you throughout the main living area where you will find, 3 bedrooms, a full bath, and an eat-in kitchen. A full basement, with a bonus room has plenty of potential for additional living space. There is a good sized backyard with storage shed. Updates done within the last 3 years include the roof, chimney, interior/exterior painting, driveway repaved, kitchen counters, kitchen sink, new toilet, new flooring in hall, kitchen and bathroom. Showings to begin at 1st Open House Saturday 4/23 from 10-11:30 AM.
Unit Size
1,400 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$286
Property Type
House
Property Taxes
$329
HOA Dues
-
Year Built
1965

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #72969009)

Price History

Date / Event Date Event Price
Jun 2, 2022 Sold
Premium
Sold
Apr 20, 2022 Listed by Redfin Corp. $399,900
Listed by Redfin Corp.
Nov 20, 1997 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 960
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,148
  • Total Building Area: 960
  • Gross Building Area: 1,960
  • Building Area: 960
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 960
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000118
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lynn School District
  • School Tax School District: LYNN SD
  • Census Tract: 205200

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:072 B:248 L:021
  • Block: 248
  • Lot: 21
  • Municipality: LYNN
  • Latitude: 42.4783
  • Longitude: -70.9527

    Address

  • Full Address: 7 Rand St
  • Address - House Number: 7
  • Address - Street Name: Rand
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C045
  • 4-Digit Zip Code: 2913
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $464,000

    Appraisal Valuation

  • Standard Deviation: 0.1843
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 500,308
  • High Value: 592,588
  • Low Value: 408,029

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $440,600
  • Assessed Land Value: $190,200
  • Assessed Improvements Value: $250,400

    Sales

  • Current Sale Contract Date: Jun 02, 2022
  • Current Sale Recording Date: Jun 02, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20220602003130
  • Previous Sale Recording Date: Oct 26, 2018
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Lynn

Stats & Trends

Median Asking:

$597,900

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2528 ft²

Average Home Age

96.4 years

Currently For Sale

162 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72969009

Frequently Asked Questions

When was property at 7 Rand Street built and last sold?
The property at 7 Rand Street was built in 1965 and last sold on Jun 2, 2022 for $475,000.
How much is this home worth?
The estimated value of the home located at 7 Rand Street is $417,492.
What are some comparable homes to 7 Rand Street?
There are currently no comparable homes to 7 Rand Street.
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