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Lynn 01902
72 Bessom Street
$483,000
● House - Off Market

72 Bessom Street

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,307 Ft²
$517,058
RealtyHop Estimate
15.16%
Since Jul 1, 2021
MA-Boston
Primary Model

About This Property

Lynn Swampscott line.  Six room colonial in good condition.  Original owners.  Open concept kitchen.  Enclosed back porch could also function as another room. Two full baths. Big bedrooms! Great family neighborhood!  Walk to train, restaurants, and beach!  Great private yard for family cookouts! In accordance with COVID-19 recommendations, masks MUST be worn and social distancing observed at all times while at the property.  First showing - Open House, Saturday, Apr.17th from 12:00 pm to 1:00 pm.  Any and all offers must be in by 12:00 pm on Mon., Apr. 19th.  Seller needs 48 hours to review all offers.
Unit Size
1,307 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$344
Property Type
House
Property Taxes
$353
HOA Dues
-
Year Built
1920

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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: 5 years ago (MLSPIN #72815226)

Price History

Date / Event Date Event Price
Jun 28, 2021 Sold
Premium
Sold
Apr 13, 2021 Listed by Connor Real Estate $449,000
Listed by Connor Real Estate

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 767
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,256
  • Total Building Area: 1,307
  • Gross Building Area: 2,743
  • Building Area: 1,307
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,307
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000121
  • 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: 206400

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:105 B:424 L:003
  • Block: 424
  • Lot: 3
  • Municipality: LYNN
  • Latitude: 42.4773
  • Longitude: -70.93

    Address

  • Full Address: 72 Bessom St
  • Address - House Number: 72
  • Address - Street Name: Bessom
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C036
  • 4-Digit Zip Code: 1205
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $491,900

    Appraisal Valuation

  • Standard Deviation: 0.1837
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 66
  • Final Value: 570,533
  • High Value: 706,934
  • Low Value: 434,132

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $467,100
  • Assessed Land Value: $194,300
  • Assessed Improvements Value: $272,800

    Sales

  • Current Sale Contract Date: Jun 28, 2021
  • Current Sale Recording Date: Jun 28, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210628006130
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:

$592,493

Sale Price/ft²

$372

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2441 ft²

Average Home Age

96 years

Currently For Sale

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

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Currently no similar homes around

Nearby Rentals

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72815226

Frequently Asked Questions

When was property at 72 Bessom Street built and last sold?
The property at 72 Bessom Street was built in 1920 and last sold on Jun 28, 2021 for $483,000.
How much is this home worth?
The estimated value of the home located at 72 Bessom Street is $0.
What are some comparable homes to 72 Bessom Street?
There are currently no comparable homes to 72 Bessom Street.
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