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Lynn 01904
8 Gallo Road
$330,000
● House - Off Market

8 Gallo Road

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,376 Ft²
$574,476
RealtyHop Estimate
74.14%
Since Jul 1, 2015
MA-Boston
Primary Model

About This Property

Fabulous opportunity to enjoy one level living in desirable Ward One location! Spacious 3 bedroom,  1.5 bath ranch with gleaming hardwood floors and 2 year old central air.  Open, tiled foyer with coat closet welcomes guests.  Formal  living room with fireplace opens to dining room with built in china cabinet. Eat in kitchen with SS fridge & SS ceramic top stove. Step down to fabulous family room that provides access to private patio & yard. 3 bedrooms & ceramic tile full bath complete this level. The lower level is partially finished with a playroom, bonus room with 1/2 bath, laundry area, work space & storage area. Conveniently located and awaiting your personal touches!
Unit Size
1,376 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$240
Property Type
House
Property Taxes
$341
HOA Dues
-
Year Built
1954

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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 #71824830)

Price History

Date / Event Date Event Price
Jun 29, 2015 Sold
Premium
Sold
Apr 26, 2015 Listed by Sagan Agency REALTORS® $329,900
Listed by Sagan Agency REALTORS®

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1972
  • 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: 11
  • Exterior Walls Type: 18
  • 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: 1,271
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,410
  • Total Building Area: 1,523
  • Gross Building Area: 3,226
  • Building Area: 1,523
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,523
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PASQUALE F GALLO
  • Land Acres: 0000000147
  • 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: 205400

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:063 B:012 L:009
  • Block: 12
  • Lot: 9
  • Municipality: LYNN
  • Latitude: 42.5045
  • Longitude: -70.9815

    Address

  • Full Address: 8 Gallo Rd
  • Address - House Number: 8
  • Address - Street Name: Gallo
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C052
  • 4-Digit Zip Code: 1235
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $544,400
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.2407
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 66
  • Final Value: 638,313
  • High Value: 792,000
  • Low Value: 484,627

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $517,000
  • Assessed Land Value: $200,300
  • Assessed Improvements Value: $316,700

    Sales

  • Current Sale Recording Date: Jun 29, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 248
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# 71824830

Frequently Asked Questions

When was property at 8 Gallo Road built and last sold?
The property at 8 Gallo Road was built in 1954 and last sold on Jan 1, 1970 for $330,000.
How much is this home worth?
The estimated value of the home located at 8 Gallo Road is $343,858.
What are some comparable homes to 8 Gallo Road?
There are currently no comparable homes to 8 Gallo Road.
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