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Lynn 01904
79 Richardson Road
$368,400
● House - Off Market

79 Richardson Road

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,658 Ft²
$533,896
RealtyHop Estimate
44.34%
Since May 1, 2019
MA-Boston
Primary Model

About This Property

Fabulous Ward 1 Bungalow style home located in desirable Wyoma Square neighborhood! This property has a detached garage and an awesome fenced yard. Spacious living room with fireplace and side office, a dining room with built in china cabinet, an eat-in kitchen, and a lovely sun room. Two bedrooms and a full bath complete the first floor. There is a large third bedroom with a walk in closet and additional storage on the second floor. HARDWOOD FLOORS under carpeting and newer Replacement Windows. Great basement and Heating System. All appliances remain. Must see!!
Unit Size
1,658 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$223
Property Type
House
Property Taxes
$365
HOA Dues
-
Year Built
1925

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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 #72455462)

Price History

Date / Event Date Event Price
Aug 5, 2021 Sold
Premium
Sold
Jun 9, 2021 Listed by Keller Williams Realty Evolution $449,000
Listed by Keller Williams Realty Evolution
Apr 17, 2019 Sold
Premium
Sold
Feb 20, 2019 Listed by Keller Williams Realty Evolution $369,900
Listed by Keller Williams Realty Evolution

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1967
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,108
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,128
  • Total Building Area: 1,539
  • Gross Building Area: 3,378
  • Building Area: 1,539
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,539
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SALLY P RICHARDSON ESTATE
  • Land Acres: 0000000118
  • 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:189 L:034
  • Block: 189
  • Lot: 34
  • Municipality: LYNN
  • Latitude: 42.483
  • Longitude: -70.9629

    Address

  • Full Address: 79 Richardson Rd
  • Address - House Number: 79
  • Address - Street Name: Richardson
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C030
  • 4-Digit Zip Code: 2501
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $522,500
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.177
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 566,527
  • High Value: 666,856
  • Low Value: 466,198

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $496,200
  • Assessed Land Value: $194,500
  • Assessed Improvements Value: $301,700

    Sales

  • Current Sale Contract Date: Aug 05, 2021
  • Current Sale Recording Date: Aug 05, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210805004650
  • Previous Sale Recording Date: Apr 17, 2019
  • Previous Sale Contract Date: Apr 16, 2019
  • Previous Sale Amount: $368,400
  • Previous Sale Document Type: 54
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:

$598,000

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2704 ft²

Average Home Age

97.1 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72455462

Frequently Asked Questions

When was property at 79 Richardson Road built and last sold?
The property at 79 Richardson Road was built in 1925 and last sold on Aug 5, 2021 for $508,000.
How much is this home worth?
The estimated value of the home located at 79 Richardson Road is $454,456.
What are some comparable homes to 79 Richardson Road?
There are currently no comparable homes to 79 Richardson Road.
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