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Lynn 01902
8 Spring Rd
$348,000
● House - Off Market

8 Spring Rd

Lynn, MA 01902
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,166 Ft²
$637,930
RealtyHop Estimate
82.32%
Since Oct 1, 2014
MA-Boston
Primary Model

About This Property

Enjoy this spacious, renovated 4 bedroom, 3 full bath, 1 car garage home. Features include an updated kitchen, newer electric, newer HW tank, newer bathrooms, newer hardwood floors, energy efficient windows, new carpet, new driveway, stone walls, huge patio and much more!  There is a three room potential in-law with an updated kitchen, full bath, laundry and private entrance in the lower level.  Just unpack your bags and move in!  Please e-mail listing agent with questions.
Unit Size
2,166 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$162
Property Type
House
Property Taxes
$335
HOA Dues
-
Year Built
1949

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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 #71687283)

Price History

Date / Event Date Event Price
Sep 2, 2014 Sold
Premium
Sold
May 27, 2014 Listed by A. James Lynch, Inc. $349,900
Listed by A. James Lynch, Inc.
Dec 18, 2003 Sold
Premium
Sold

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,389
  • Total Building Area: 1,632
  • Gross Building Area: 3,750
  • Building Area: 1,632
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,632
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EAST LYNN PARK
  • Land Acres: 0000000216
  • 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:107 B:405 L:062
  • Block: 405
  • Lot: 62
  • Municipality: LYNN
  • Latitude: 42.4845
  • Longitude: -70.9326

    Address

  • Full Address: 8 Spring Rd
  • Address - House Number: 8
  • Address - Street Name: Spring
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C037
  • 4-Digit Zip Code: 1140
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $685,100

    Appraisal Valuation

  • Standard Deviation: 0.1729
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 685,981
  • High Value: 804,580
  • Low Value: 567,382

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $650,600
  • Assessed Land Value: $175,300
  • Assessed Improvements Value: $475,300

    Sales

  • Current Sale Recording Date: Sep 02, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 90200608
  • Previous Sale Recording Date: Dec 18, 2003
  • Previous Sale Amount: $275,000
  • 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:

$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# 71687283

Frequently Asked Questions

When was property at 8 Spring Road built and last sold?
The property at 8 Spring Road was built in 1949 and last sold on Jan 1, 1970 for $348,600.
How much is this home worth?
The estimated value of the home located at 8 Spring Road is $372,673.
What are some comparable homes to 8 Spring Road?
There are currently no comparable homes to 8 Spring Road.
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