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Lynn 01904
8 Log Cabin Rd
$335,000
● House - Off Market

8 Log Cabin Rd

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
3 Baths, 2 Half Baths
square feet
1,978 Ft²
$719,417
RealtyHop Estimate
105.61%
Since Mar 1, 2013
MA-Boston
Primary Model

About This Property

WATERFRONT!!  52' of Sluice Pond Frontage! Very rare find!  Large Deck off master and large deck off LR, and lower level patio! All with breathtaking waterviews,and gentle breezes!  Feels like your in New Hampshire, but just minutes to work! Swim, boat, fish (still stocked), skate all from your back yard  in one of the North Shore's best ponds!  It's life changing, don't just look at the photos, make an appointment today! Extra space! Extra storage!  Efficient and beautiful wood stove in LR!
Unit Size
1,978 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$177
Property Type
House
Property Taxes
$448
HOA Dues
-
Year Built
1950

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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 #71438320)

Price History

Date / Event Date Event Price
Feb 15, 2013 Sold
Premium
Sold
Sep 21, 2012 Listed by Century 21 Hughes $349,900
Listed by Century 21 Hughes
Oct 15, 1992 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 938
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,750
  • Total Building Area: 1,978
  • Gross Building Area: 3,832
  • Building Area: 1,978
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,978
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000109
  • 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: 205300

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:075 B:086 L:002
  • Block: 86
  • Lot: 2
  • Municipality: LYNN
  • Latitude: 42.4905
  • Longitude: -70.9657

    Address

  • Full Address: 8 Log Cabin Rd
  • Address - House Number: 8
  • Address - Street Name: Log Cabin
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C043
  • 4-Digit Zip Code: 1720
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $739,300

    Appraisal Valuation

  • Standard Deviation: 0.1735
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 724,195
  • High Value: 849,931
  • Low Value: 598,459

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $702,100
  • Assessed Land Value: $256,400
  • Assessed Improvements Value: $445,700

    Sales

  • Current Sale Recording Date: Feb 15, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Oct 15, 1992
  • Previous Sale Amount: $155,000
  • 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:

$597,900

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2536 ft²

Average Home Age

96.5 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: 4 months ago
Data Source: MLS PIN, MLS# 71438320

Frequently Asked Questions

When was property at 8 Log Cabin Road built and last sold?
The property at 8 Log Cabin Road was built in 1950 and last sold on Jan 1, 1970 for $335,000.
How much is this home worth?
The estimated value of the home located at 8 Log Cabin Road is $373,855.
What are some comparable homes to 8 Log Cabin Road?
There are currently no comparable homes to 8 Log Cabin Road.
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