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Lynn 01905
8 Meadow Brook Rd
$292,500
● House - Off Market

8 Meadow Brook Rd

Lynn, MA 01905
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,836 Ft²
$522,235
RealtyHop Estimate
74.14%
Since Jul 1, 2015
MA-Boston
Primary Model

About This Property

Sparkling clean Ranch style home with newly remodeled finishes. Freshly painted and sparkling rooms with many updates. Kitchen shines with white cabinetry, appliances and ceramic tile flooring. Hardwood floors, fireplace Living room, dining room, 2 bedrooms and updated bath complete the 1st floor. Newly finished basement with tile flooring, new half bath and laundry is large enough for the entire family.. makes a wonderful family room , game room or play room with walk-out to a fenced in back yard featuring a green house & patio w/pergola. Boiler Roof, electric and vinyl siding were completed in 2003. Newer Well McLain boiler and replacement windows. Situated in desirable neighborhood on the Saugus line. All offers will be presented at 12:00 on Mon March 23
Unit Size
1,836 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$163
Property Type
House
Property Taxes
$318
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 #71802635)

Price History

Date / Event Date Event Price
Dec 28, 2020 Sold
Premium
Sold
Oct 27, 2020 Listed by Century 21 North Shore $418,000
Listed by Century 21 North Shore
Jul 1, 2015 Sold
Premium
Sold
Mar 17, 2015 Listed by Century 21 North Shore $299,900
Listed by Century 21 North Shore
Jun 22, 2009 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1972
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 1,014
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,619
  • Total Building Area: 1,014
  • Gross Building Area: 2,526
  • Building Area: 1,014
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,014
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000152
  • 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: 205600

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:024 B:386 L:014
  • Block: 386
  • Lot: 14
  • Municipality: LYNN
  • Latitude: 42.4733
  • Longitude: -70.9845

    Address

  • Full Address: 8 Meadow Brook Rd
  • Address - House Number: 8
  • Address - Street Name: Meadow Brook
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C007
  • 4-Digit Zip Code: 1024
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $550,500

    Appraisal Valuation

  • Standard Deviation: 0.2393
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 575,846
  • High Value: 681,445
  • Low Value: 470,247

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $522,800
  • Assessed Land Value: $208,300
  • Assessed Improvements Value: $314,500

    Sales

  • Current Sale Contract Date: Dec 13, 2020
  • Current Sale Recording Date: Dec 28, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 620110
  • Previous Sale Recording Date: Jul 01, 2015
  • Previous Sale Amount: $292,500
  • Previous Sale Document Type: O
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

59

Average Home Size

2584 ft²

Average Home Age

96.9 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71802635

Frequently Asked Questions

When was property at 8 Meadow Brook Road built and last sold?
The property at 8 Meadow Brook Road was built in 1954 and last sold on Dec 13, 2020 for $420,000.
How much is this home worth?
The estimated value of the home located at 8 Meadow Brook Road is $432,528.
What are some comparable homes to 8 Meadow Brook Road?
There are currently no comparable homes to 8 Meadow Brook Road.
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