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Lynn 01905
731 Boston Street
$256,500
● House - Off Market

731 Boston Street

Lynn, MA 01905
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,196 Ft²
$414,655
RealtyHop Estimate
66.53%
Since Oct 1, 2016
MA-Boston
Primary Model

About This Property

Warm and welcoming is this beautiful Colonial. Impeccably maintained. Eat in kitchen that has a lovely set up and washer/dryer right there for convenience. Large formal dining room with built in china cabinet. Fantastic screened in front farmer's porch and wonderful screened in patio in rear with electricity to enjoy nature's best without those pesky insects!! There is hardwood floors under all the wall to wall carpeting that has never been exposed. Newer roof, heat and hot water. Blown in insulation, sprinkler system. This home has had everything done to it- just needs a new loving owner!!!! Bus line right out at street for commuters. You really need to see this home to appreciate the love that has been put into it through the years.
Unit Size
1,196 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$208
Property Type
House
Property Taxes
$277
HOA Dues
-
Year Built
1900

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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: 6 months ago (MLSPIN #72000370)

Price History

Date / Event Date Event Price
Sep 13, 2016 Sold
Premium
Sold
May 2, 2016 Listed by Century 21 North Shore $249,000
Listed by Century 21 North Shore
Feb 4, 2000 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1964
  • 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: 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: 709
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,000
  • Total Building Area: 1,213
  • Gross Building Area: 2,246
  • Building Area: 1,213
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,213
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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:004 B:352 L:091
  • Block: 352
  • Lot: 91
  • Municipality: LYNN
  • Latitude: 42.4621
  • Longitude: -70.9855

    Address

  • Full Address: 731 Boston St
  • Address - House Number: 731
  • Address - Street Name: Boston
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C014
  • 4-Digit Zip Code: 1539
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $478,900

    Appraisal Valuation

  • Standard Deviation: 0.1895
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 530,175
  • High Value: 630,460
  • Low Value: 429,890

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $454,800
  • Assessed Land Value: $176,600
  • Assessed Improvements Value: $278,200

    Sales

  • Current Sale Contract Date: Sep 13, 2016
  • Current Sale Recording Date: Sep 13, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 575176
  • Previous Sale Recording Date: Feb 04, 2000
  • Previous Sale Amount: $100,000
  • Previous Sale Document Type: 48
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

$372

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2424 ft²

Average Home Age

96 years

Currently For Sale

148 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: 6 months ago
Data Source: MLS PIN, MLS# 72000370

Frequently Asked Questions

When was property at 731 Boston Street built and last sold?
The property at 731 Boston Street was built in 1900 and last sold on Sep 13, 2016 for $256,500.
How much is this home worth?
The estimated value of the home located at 731 Boston Street is $263,177.
What are some comparable homes to 731 Boston Street?
There are currently no comparable homes to 731 Boston Street.
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