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Lynn 01902
7 Tilton Terrace
$330,000
● House - Off Market

7 Tilton Terrace

Lynn, MA 01902
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,735 Ft²
$368,944
RealtyHop Estimate
-0.26%
Since Aug 1, 2023
MA-Boston
Primary Model

About This Property

Are you looking for a Fixer Upper?  Attention Contractors or Investors work is needed on the interior and exterior but this home could shine!  This 4-Square 8 Room Colonial Style home with 1,735 sq ft of living area and sits on 5,317 sq ft of land.  The first floor consists of living room, dining room, kitchen and half of bath.  The second floor has 4 bedrooms and 1 full bath.   Additional features include Vinyl sided, hardwood floors plus 2-car garage and 4+ car parking.  Property is being sold AS IS and will not qualify for FHA financing.  The PRICE IS RIGHT...if you have the CASH we have the property for YOU!
Unit Size
1,735 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$213
Property Type
House
Property Taxes
$373
HOA Dues
-
Year Built
1894

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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: 5 months ago (MLSPIN #73088997)

Price History

Date / Event Date Event Price
Jul 13, 2023 Sold
Premium
Sold
Mar 20, 2023 In contract -
In contract
Mar 18, 2023 Listed by Connor Real Estate $369,900
Listed by Connor Real Estate

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1894
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 932
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,317
  • Total Building Area: 1,735
  • Gross Building Area: 2,753
  • Building Area: 1,735
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,735
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000122
  • 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: 206800

Zoning

  • Zoning: BD

Geography

  • Parcel: LYNN M:083 B:610 L:007
  • Block: 610
  • Lot: 7
  • Municipality: LYNN
  • Latitude: 42.469
  • Longitude: -70.9411

    Address

  • Full Address: 7 Tilton Ter
  • Address - House Number: 7
  • Address - Street Name: Tilton
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Lynn
  • Carrier Code: C017
  • 4-Digit Zip Code: 3673
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $526,100
  • Initial Tax Delinquent Year: 2019

    Appraisal Valuation

  • Standard Deviation: 0.2336
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 67
  • Final Value: 569,165
  • High Value: 702,125
  • Low Value: 436,205

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $499,600
  • Assessed Land Value: $191,600
  • Assessed Improvements Value: $308,000

    Sales

  • Current Sale Contract Date: Sep 29, 2023
  • Current Sale Recording Date: Sep 29, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230929003240
  • Previous Sale Recording Date: Jul 13, 2023
  • Previous Sale Contract Date: Jul 11, 2023
  • Previous Sale Amount: $330,000
  • Previous Sale Document Type: 35
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:

$594,986

Sale Price/ft²

$372

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2483 ft²

Average Home Age

97.7 years

Currently For Sale

160 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

Rentals Near You

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73088997

Frequently Asked Questions

When was property at 7 Tilton Terrace built and last sold?
The property at 7 Tilton Terrace was built in 1894 and last sold on Sep 29, 2023 for $513,000.
How much is this home worth?
The estimated value of the home located at 7 Tilton Terrace is $524,190.
What are some comparable homes to 7 Tilton Terrace?
There are currently no comparable homes to 7 Tilton Terrace.
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