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Lynn 01904
71 Range Heights Rd
$560,000
● House - Off Market

71 Range Heights Rd

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,062 Ft²
$2,859
Est. Monthly

About This Property

This amazing opportunity to make this conveniently located 3-bedroom ranch your home!  Recently updated this house is move-in ready. The perfect Ward 1 neighborhood is close to the commuter rail, Rt 128, and shopping. The main level features an open concept Kitchen/Dining Room, Full Bath, Large Living room with a fireplace, and 3 bedrooms. Downstairs there is a large bonus room, Large Utility Room, Laundry Room, and potential half bath. Other features include central air, newer heating and hot water, and an attached garage with an enclosed breezeway. Don't miss this opportunity. Sold As-IS. Open Houses Saturday, February 3rd 1-2:30 & Sunday, February 4th 11-12:30. Offer Deadline Tuesday, February 6th at 5 pm.  Please allow 24 hours for response.
Unit Size
1,062 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$461
Property Type
House
Property Taxes
$453
HOA Dues
-
Year Built
1960

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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: 4 months ago (MLSPIN #73197926)

Price History

Date / Event Date Event Price
Mar 8, 2024 Sold
Premium
Sold
Feb 8, 2024 In contract -
In contract
Jan 31, 2024 Listed by Liberty Residential Realty, LLC $489,900
Listed by Liberty Residential Realty, LLC

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,062
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,927
  • Total Building Area: 1,062
  • Gross Building Area: 2,517
  • Building Area: 1,062
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,062
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000228
  • 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: 205300

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:077 B:068 L:073
  • Block: 68
  • Lot: 73
  • Municipality: LYNN
  • Latitude: 42.4985
  • Longitude: -70.9651

    Address

  • Full Address: 71 Range Heights Rd
  • Address - House Number: 71
  • Address - Street Name: Range Heights
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C043
  • 4-Digit Zip Code: 1557
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $557,000
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.0796
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 94
  • Final Value: 501,485
  • High Value: 541,449
  • Low Value: 461,521

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $529,000
  • Assessed Land Value: $221,100
  • Assessed Improvements Value: $307,900

    Sales

  • Current Sale Contract Date: Mar 08, 2024
  • Current Sale Recording Date: Mar 08, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 178
  • Previous Sale Recording Date: Dec 07, 2004
  • 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:

$599,000

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2697 ft²

Average Home Age

97 years

Currently For Sale

156 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# 73197926

Frequently Asked Questions

When was property at 71 Range Heights Road built and last sold?
The property at 71 Range Heights Road was built in 1960 and last sold on Mar 8, 2024 for $560,000.
How much is this home worth?
The estimated value of the home located at 71 Range Heights Road is $497,330.
What are some comparable homes to 71 Range Heights Road?
There are currently no comparable homes to 71 Range Heights Road.
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