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Lynn 01904
8 Spruce Rd
$329,900
● House - Off Market

8 Spruce Rd

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,974 Ft²
$572,763
RealtyHop Estimate
73.62%
Since Sep 1, 2015
MA-Boston
Primary Model

About This Property

Back on Market due to buyers' financing. Pine Hill Gracious Colonial featuring lovely entrance porch, large LR/DR with oversized windows crown molding, high ceilings, large sunfilled kitchen with  wood cabinets. Hardwood throughout, upstairs has 3 brs, full bath, basement area has recently finished family room with great storage and full bath and laundry.  Two tiered deck in rear provides great extra space for summer entertaining.  Large yard beautifully landscaped.  Close to Gallagher playground and Sewall Anderson school.  Quick access to highways.  Three zone heating,
Unit Size
1,974 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$167
Property Type
House
Property Taxes
$387
HOA Dues
-
Year Built
1920

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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 #71834809)

Price History

Date / Event Date Event Price
Nov 13, 2020 Sold
Premium
Sold
Sep 16, 2020 Listed by Century 21 Hughes $459,000
Listed by Century 21 Hughes
Aug 10, 2015 Sold
Premium
Sold
May 12, 2015 Listed by Century 21 Hughes $329,900
Listed by Century 21 Hughes

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1966
  • 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: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 734
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,262
  • Total Building Area: 1,459
  • Gross Building Area: 2,751
  • Building Area: 1,459
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,459
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000213
  • 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: 205900

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:055 B:220 L:021
  • Block: 220
  • Lot: 21
  • Municipality: LYNN
  • Latitude: 42.4724
  • Longitude: -70.9658

    Address

  • Full Address: 8 Spruce Rd
  • Address - House Number: 8
  • Address - Street Name: Spruce
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C020
  • 4-Digit Zip Code: 2836
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $638,200

    Appraisal Valuation

  • Standard Deviation: 0.1587
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 631,657
  • High Value: 732,001
  • Low Value: 531,312

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $606,100
  • Assessed Land Value: $212,500
  • Assessed Improvements Value: $393,600

    Sales

  • Current Sale Contract Date: Nov 12, 2020
  • Current Sale Recording Date: Nov 13, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20201113005670
  • Previous Sale Recording Date: Aug 10, 2015
  • Previous Sale Amount: $329,000
  • 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:

$599,000

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2698 ft²

Average Home Age

97.9 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

Currently no nearby rentals
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71834809

Frequently Asked Questions

When was property at 8 Spruce Road built and last sold?
The property at 8 Spruce Road was built in 1920 and last sold on Nov 12, 2020 for $490,000.
How much is this home worth?
The estimated value of the home located at 8 Spruce Road is $475,867.
What are some comparable homes to 8 Spruce Road?
There are currently no comparable homes to 8 Spruce Road.
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