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Lynn 01902
8 Sachem St
$260,000
● House - Off Market

8 Sachem St

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,095 Ft²
$478,329
RealtyHop Estimate
73.94%
Since Mar 1, 2016
MA-Boston
Primary Model

About This Property

Diamond district! Move in condition Colonial with many updates - New vinyl siding on exterior - New kitchen with granite countertop - All rooms freshly painted - New hardwood flooring (2nd floor) - Two full baths - New furnace -New front steps and front porch - New chain link fencing - Newer windows -  Must be seen - Easy to show
Unit Size
1,095 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$251
Property Type
House
Property Taxes
$278
HOA Dues
-
Year Built
1900

Payment Calculator

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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 months ago (MLSPIN #71933886)

Price History

Date / Event Date Event Price
Feb 29, 2016 Sold
Premium
Sold
Nov 17, 2015 Listed by Martel Real Estate $275,000
Listed by Martel Real Estate
Apr 16, 2015 Sold
Premium
Sold
Dec 11, 2014 Listed by Martel Real Estate $140,000
Listed by Martel Real Estate
Feb 19, 2008 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 654
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 1,987
  • Total Building Area: 1,095
  • Gross Building Area: 2,011
  • Building Area: 1,095
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,095
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000046
  • 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: 206900

Zoning

  • Zoning: R5

Geography

  • Parcel: LYNN M:081 B:583 L:034
  • Block: 583
  • Lot: 34
  • Municipality: LYNN
  • Latitude: 42.4603
  • Longitude: -70.938

    Address

  • Full Address: 8 Sachem St
  • Address - House Number: 8
  • Address - Street Name: Sachem
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C021
  • 4-Digit Zip Code: 4645
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $494,100
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1816
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 516,131
  • High Value: 609,905
  • Low Value: 422,357

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $469,200
  • Assessed Land Value: $167,100
  • Assessed Improvements Value: $302,100

    Sales

  • Current Sale Recording Date: Feb 29, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 604
  • Previous Sale Recording Date: Apr 16, 2015
  • Previous Sale Amount: $140,000
  • 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:

$590,000

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2464 ft²

Average Home Age

96.9 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

Rentals Near You

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71933886

Frequently Asked Questions

When was property at 8 Sachem Street built and last sold?
The property at 8 Sachem Street was built in 1900 and last sold on Jan 1, 1970 for $260,000.
How much is this home worth?
The estimated value of the home located at 8 Sachem Street is $279,642.
What are some comparable homes to 8 Sachem Street?
There are currently no comparable homes to 8 Sachem Street.
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