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Lynn 01904
78 Richardson Road
$422,500
● House - Off Market

78 Richardson Road

Lynn, MA 01904
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,196 Ft²
$476,880
RealtyHop Estimate
28.92%
Since Nov 1, 2020
MA-Boston
Primary Model

About This Property

Beautiful bungalow just off Wyoma Square. Close proximity to restaurants, Lynn Woods, Dog Park and more.. This home sits on a generous lot with a detached garage featuring electricity and door opener. Enjoy a large living room with a fireplace, a formal dining room, office/bonus room and an eat-in kitchen. 2 bedrooms 1 full bath. This home has a walk up attic ready for your imagination! Central air is 10 years new, roof is 5 years new, oil furnace 3 years new. Appliances are being left as a gift. Home is being sold "as is" Minutes to Rtes. 128, 95 & Rt. 1, the Lynnfield Market Place and Lynn Woods! Do NOT wait! This one will not last!
Unit Size
1,196 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$309
Property Type
House
Property Taxes
$36,638
HOA Dues
-
Year Built
1930

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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 #72715072)

Price History

Date / Event Date Event Price
Oct 8, 2020 Sold
Premium
Sold
Aug 25, 2020 Listed by Gibson Sotheby's International Realty $369,900
Listed by Gibson Sotheby's International Realty

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1968
  • 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: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,196
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,969
  • Total Building Area: 1,196
  • Gross Building Area: 3,642
  • Building Area: 1,196
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 1,196
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000114
  • 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: 205200

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:073 B:191 L:005
  • Block: 191
  • Lot: 5
  • Municipality: LYNN
  • Latitude: 42.4827
  • Longitude: -70.9626

    Address

  • Full Address: 78 Richardson Rd
  • Address - House Number: 78
  • Address - Street Name: Richardson
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C030
  • 4-Digit Zip Code: 2502
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $496,100

    Appraisal Valuation

  • Standard Deviation: 0.1784
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 556,851
  • High Value: 656,316
  • Low Value: 457,386

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $471,100
  • Assessed Land Value: $193,600
  • Assessed Improvements Value: $277,500

    Sales

  • Current Sale Contract Date: Oct 07, 2020
  • Current Sale Recording Date: Oct 08, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20201008002850
  • Previous Sale Recording Date: Dec 28, 2015
  • 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:

$597,900

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2528 ft²

Average Home Age

96.4 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# 72715072

Frequently Asked Questions

When was property at 78 Richardson Road built and last sold?
The property at 78 Richardson Road was built in 1930 and last sold on Oct 7, 2020 for $422,500.
How much is this home worth?
The estimated value of the home located at 78 Richardson Road is $382,700.
What are some comparable homes to 78 Richardson Road?
There are currently no comparable homes to 78 Richardson Road.
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