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Lynn 01905
72 Blakeley St
$525,000
● House - Off Market

72 Blakeley St

Lynn, MA 01905
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,222 Ft²
$495,965
RealtyHop Estimate
-0.79%
Since Nov 1, 2023
MA-Boston
Primary Model

About This Property

Well-Maintained 6 Room, 3 Bedroom, 1 Bathroom Cape On Quiet Side Street!! First Floor Includes Sunny Living Room, Formal Dining Room, Eat-In Kitchen with Access to Back Yard, Full Bathroom and Convenient 1st Floor Bedroom. Second Floor Has 2 Good Size Bedrooms with Plenty of Closet Space. Recent Updates Include Brand New Furnace and Updated 200 Amp Electrical. Level, Professionally Landscaped Fenced Yard Perfect For Entertaining with Enough Space For a Vegetable or Flower Garden! Paved Driveway for 2-3 Cars. Don't Miss Out On This Home! Great Value!
Unit Size
1,222 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$409
Property Type
House
Property Taxes
$407
HOA Dues
-
Year Built
1950

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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 #73161738)

Price History

Date / Event Date Event Price
Oct 20, 2023 Sold
Premium
Sold
Oct 6, 2023 In contract -
In contract
Sep 20, 2023 Listed by Toner Real Estate, LLC $499,900
Listed by Toner Real Estate, LLC

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 800
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,130
  • Total Building Area: 1,222
  • Gross Building Area: 2,438
  • Building Area: 1,222
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,222
  • Heating Fuel Type: 6

    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: 205700

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:039 B:333 L:009
  • Block: 333
  • Lot: 9
  • Municipality: LYNN
  • Latitude: 42.4683
  • Longitude: -70.9748

    Address

  • Full Address: 72 Blakeley St
  • Address - House Number: 72
  • Address - Street Name: Blakeley
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C021
  • 4-Digit Zip Code: 1830
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $489,300

    Appraisal Valuation

  • Standard Deviation: 0.1718
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 536,826
  • High Value: 635,269
  • Low Value: 438,382

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $464,700
  • Assessed Land Value: $199,800
  • Assessed Improvements Value: $264,900

    Sales

  • Current Sale Contract Date: Oct 20, 2023
  • Current Sale Recording Date: Oct 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 20231020002160
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

2523 ft²

Average Home Age

97.4 years

Currently For Sale

165 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# 73161738

Frequently Asked Questions

When was property at 72 Blakeley Street built and last sold?
The property at 72 Blakeley Street was built in 1950 and last sold on Oct 20, 2023 for $525,000.
How much is this home worth?
The estimated value of the home located at 72 Blakeley Street is $506,764.
What are some comparable homes to 72 Blakeley Street?
There are currently no comparable homes to 72 Blakeley Street.
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