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Lynn 01905
74 Walnut St
$511,000
● House - Off Market

74 Walnut St

Lynn, MA 01905
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,117 Ft²
$446,359
RealtyHop Estimate
-0.79%
Since Nov 1, 2023
MA-Boston
Primary Model

About This Property

Move right in to this 2-3 bedroom home with updated kitchen, gleaming hardwood floors, and 2 new baths (one with a walk in shower). The whole upstairs was redone to the studs. Large fenced in yard and plenty of parking. Area amenities include the beach, Lynn Woods, and lots of upscale restaurants in the downtown area. The home is recorded as 3 bedrooms in the public records and the open area upstairs has a closet so perhaps can be used as a bedroom if needed - buyers and agents to do due diligence. Great commuter location - just a 5 minute drive to Rte 1. First open house on Sunday 8/27 1:00-2:30p - come on by! Offers, if any, due Tuesday at 12p.
Unit Size
1,117 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$403
Property Type
House
Property Taxes
$408
HOA Dues
-
Year Built
1915

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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 #73151923)

Price History

Date / Event Date Event Price
Oct 2, 2023 Sold
Premium
Sold
Aug 30, 2023 In contract -
In contract
Aug 23, 2023 Listed by Martel Real Estate $449,900
Listed by Martel Real Estate
Jun 26, 1985 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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: 638
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,804
  • Total Building Area: 1,117
  • Gross Building Area: 2,014
  • Building Area: 1,117
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,117
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000179
  • 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: 205900

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:039 B:322 L:005
  • Block: 322
  • Lot: 5
  • Municipality: LYNN
  • Latitude: 42.4689
  • Longitude: -70.9684

    Address

  • Full Address: 74 Walnut St
  • Address - House Number: 74
  • Address - Street Name: Walnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C007
  • 4-Digit Zip Code: 1147
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $476,100
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1837
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 516,725
  • High Value: 611,483
  • Low Value: 421,968

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $452,100
  • Assessed Land Value: $190,800
  • Assessed Improvements Value: $261,300

    Sales

  • Current Sale Contract Date: Sep 29, 2023
  • Current Sale Recording Date: Oct 02, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20231002000400
  • Previous Sale Recording Date: Jun 26, 1985
  • Previous Sale Amount: $82,000
  • 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# 73151923

Frequently Asked Questions

When was property at 74 Walnut Street built and last sold?
The property at 74 Walnut Street was built in 1915 and last sold on Sep 29, 2023 for $511,000.
How much is this home worth?
The estimated value of the home located at 74 Walnut Street is $459,105.
What are some comparable homes to 74 Walnut Street?
There are currently no comparable homes to 74 Walnut Street.
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