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Lynn 01902
75 Michigan Ave
$409,000
● House - Off Market

75 Michigan Ave

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,095 Ft²
$501,806
RealtyHop Estimate
25.77%
Since Feb 1, 2021
MA-Boston
Primary Model

About This Property

Welcome to 75 Michigan Avenue! Swampscott Line! Steps To Beach, Boston Commuter Rail, Vinnin Square Shopping And Numerous Restaurants! Well-Maintained 6 Room, 3 Bedroom, 1 Bath Classic Colonial. Living Room, Formal Dining Room and Eat-In Kitchen With Gas Cooking Located On First Floor. Second Floor Boasts 3 Bedrooms  And A Full Bath With Tub. Closets Galore - All 3 Bedrooms Have Walk-In Closets! Custom Built-In Cabinets and Hardwood Floors Throughout. Pressure Treated Deck Overlooking Vegetable Garden and Beautiful Perennial Garden In Fenced Back Yard. Brand New Roof, 200 AMP CB Electric, FHA Gas Heat. 2+ Car Off-Street Parking On Paved Driveway. Great Value!
Unit Size
1,095 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$364
Property Type
House
Property Taxes
$316
HOA Dues
-
Year Built
1920

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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: 5 years ago (MLSPIN #72756901)

Price History

Date / Event Date Event Price
Jan 4, 2021 Sold
Premium
Sold
Nov 12, 2020 Listed by Lantern Residential $399,000
Listed by Lantern Residential

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1966
  • 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: 18
  • 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: 646
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,915
  • Total Building Area: 1,095
  • Gross Building Area: 2,149
  • Building Area: 1,095
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,095
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000113
  • 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: 206600

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:103 B:538 L:019
  • Block: 538
  • Lot: 19
  • Municipality: LYNN
  • Latitude: 42.4703
  • Longitude: -70.9264

    Address

  • Full Address: 75 Michigan Ave
  • Address - House Number: 75
  • Address - Street Name: Michigan
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C033
  • 4-Digit Zip Code: 1953
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $465,800

    Appraisal Valuation

  • Standard Deviation: 0.1837
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 504,793
  • High Value: 597,482
  • Low Value: 412,104

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $442,400
  • Assessed Land Value: $192,500
  • Assessed Improvements Value: $249,900

    Sales

  • Current Sale Contract Date: Jan 04, 2021
  • Current Sale Recording Date: Jan 04, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210104004130
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:

$597,950

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2405 ft²

Average Home Age

95.9 years

Currently For Sale

162 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: 5 years ago
Data Source: MLS PIN, MLS# 72756901

Frequently Asked Questions

When was property at 75 Michigan Avenue built and last sold?
The property at 75 Michigan Avenue was built in 1920 and last sold on Jan 4, 2021 for $409,000.
How much is this home worth?
The estimated value of the home located at 75 Michigan Avenue is $0.
What are some comparable homes to 75 Michigan Avenue?
There are currently no comparable homes to 75 Michigan Avenue.
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