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Lynn 01904
77-A Western Ave
$375,000
● House - Off Market

77-A Western Ave

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,434 Ft²
$548,596
RealtyHop Estimate
42.53%
Since Aug 1, 2019
MA-Boston
Primary Model

About This Property

Move-in ready 3-bedroom colonial near Salem looking for new owner! Refreshed and freshly painted throughout, with a very open first floor layout. Good sized bedrooms. Refinished, gleaming hardwood floors throughout. New electric, new hot water tank. Gas heat. Central air. Brand new roof. Brand new stainless steel appliances and granite counertop. Mud room and sun room on the first floor so muddy shoes never have to step foot on the refinished floors. 1 car garage (on side street), and large patio area off the back of the house for summer grilling. Conveniently located close to shopping and transportation. Nothing to do but move in!
Unit Size
1,434 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$268
Property Type
House
Property Taxes
$370
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 months ago (MLSPIN #72477306)

Price History

Date / Event Date Event Price
Jul 10, 2019 Sold
Premium
Sold
Apr 5, 2019 Listed by Martel Real Estate $384,900
Listed by Martel Real Estate
Feb 20, 2019 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
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: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 28
  • 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: 8
  • Basement Area: 810
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,552
  • Total Building Area: 1,434
  • Gross Building Area: 2,721
  • Building Area: 1,434
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 1,434
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000820
  • 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: 205100

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:098 B:162 L:019
  • Block: 162
  • Lot: 19
  • Municipality: LYNN
  • Latitude: 42.4833
  • Longitude: -70.9434

    Address

  • Full Address: 77a Western Ave
  • Address - House Number: 77a
  • Address - Street Name: Western
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C025
  • 4-Digit Zip Code: 2132
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $595,300

    Appraisal Valuation

  • Standard Deviation: 0.1832
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 583,906
  • High Value: 690,927
  • Low Value: 476,886

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $565,300
  • Assessed Land Value: $165,700
  • Assessed Improvements Value: $399,600

    Sales

  • Current Sale Contract Date: Jul 10, 2019
  • Current Sale Recording Date: Jul 10, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190710001160
  • Previous Sale Recording Date: Feb 20, 2019
  • Previous Sale Contract Date: Feb 19, 2019
  • Previous Sale Amount: $275,000
  • Previous Sale Document Type: O
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:

$590,000

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2464 ft²

Average Home Age

96.9 years

Currently For Sale

163 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 months ago
Data Source: MLS PIN, MLS# 72477306

Frequently Asked Questions

When was property at 77A Western Avenue built and last sold?
The property at 77A Western Avenue was built in 1920 and last sold on Jul 10, 2019 for $375,000.
How much is this home worth?
The estimated value of the home located at 77A Western Avenue is $396,985.
What are some comparable homes to 77A Western Avenue?
There are currently no comparable homes to 77A Western Avenue.
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