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Lynn 01904
8 Lake View Ave
$415,000
● House - Off Market

8 Lake View Ave

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,962 Ft²
$665,148
RealtyHop Estimate
54.72%
Since Feb 1, 2018
MA-Boston
Primary Model

About This Property

Lakeside!! Magnificent One-Of-A-Kind Victorian Home boasts 8 Rooms, 3 Bedrooms, and 1.5 Baths. Remodeled Eat-In Kitchen with Recessed Lighting, Upgraded Counters, and Skylights. Adjoining Great Room With Custom Built-Ins and Sliders To Exterior. Huge Rooms Throughout. Formal Living Room and Dining Room with High Ceilings, Custom Moldings, Built-In Cabinetry and Hardwood Floors. Partially Finished Basement and Walk-Up Attic. Newer Gas H.W., 200 AMP CB, 4 Zone Gas Heat. Private Backyard With Patio For Entertaining. 3 Car Parking! Steps To Boating, Swimming and Lake Beach!
Unit Size
1,962 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$219
Property Type
House
Property Taxes
$477
HOA Dues
-
Year Built
1900

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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 #72254008)

Price History

Date / Event Date Event Price
Jan 26, 2018 Sold
Premium
Sold
Nov 9, 2017 Listed by RE/MAX Advantage 1 $429,900
Listed by RE/MAX Advantage 1
Sep 8, 2003 Sold
Premium
Sold

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1912
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 23
  • 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: 906
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,057
  • Total Building Area: 1,962
  • Gross Building Area: 4,136
  • Building Area: 1,962
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,962
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000139
  • 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: R1

Geography

  • Parcel: LYNN M:087 B:127 L:004
  • Block: 127
  • Lot: 4
  • Municipality: LYNN
  • Latitude: 42.4851
  • Longitude: -70.9494

    Address

  • Full Address: 8 Lake View Ave
  • Address - House Number: 8
  • Address - Street Name: Lake View
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C055
  • 4-Digit Zip Code: 2346
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $652,900

    Appraisal Valuation

  • Standard Deviation: 0.1784
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 625,115
  • High Value: 736,773
  • Low Value: 513,456

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $620,000
  • Assessed Land Value: $199,700
  • Assessed Improvements Value: $420,300

    Sales

  • Current Sale Recording Date: Jan 26, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180126005350
  • Previous Sale Recording Date: Sep 08, 2003
  • Previous Sale Amount: $340,000
  • 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:

$589,900

Sale Price/ft²

$372

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2470 ft²

Average Home Age

96.1 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

Rentals Near You

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72254008

Frequently Asked Questions

When was property at 8 Lake View Avenue built and last sold?
The property at 8 Lake View Avenue was built in 1900 and last sold on Jan 1, 1970 for $415,000.
How much is this home worth?
The estimated value of the home located at 8 Lake View Avenue is $450,493.
What are some comparable homes to 8 Lake View Avenue?
There are currently no comparable homes to 8 Lake View Avenue.
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