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Lynn 01902
8 Union Ct
$409,000
● House - Off Market

8 Union Ct

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,344 Ft²
$572,119
RealtyHop Estimate
43.04%
Since Feb 1, 2020
MA-Boston
Primary Model

About This Property

This stylish, sunlit newer colonial features a free-flowing layout and like-new conditions for a comfortable lifestyle.  Be ready to unpack your bags in this truly move-in ready colonial. The many features of this delightful home include a partially finished basement, one car garage, gleaming hardwood floors, a classic modern kitchen with stainless steel appliances, recessed lighting, a high energy-efficient heating system, fenced yard, two-car parking and a lot more. Enjoy the proximity to the commuter rail station, local restaurants and major routes. Minutes from the boardwalk and the beach. Time to get in and benefit from the exciting developments and art activity in Lynn.  A "must see" - call for a showing today!
Unit Size
1,344 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$298
Property Type
House
Property Taxes
$420
HOA Dues
-
Year Built
2015

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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 #72583881)

Price History

Date / Event Date Event Price
Jan 31, 2020 Sold
Premium
Sold
Oct 23, 2019 Listed by United Brokers $399,974
Listed by United Brokers
Mar 31, 2016 Sold
Premium
Sold
Jan 18, 2016 Listed by United Brokers $295,000
Listed by United Brokers

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 2015
  • Effective Year Built: 2015
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 336
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,353
  • Total Building Area: 1,344
  • Gross Building Area: 2,140
  • Building Area: 1,344
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000100
  • 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: 206800

Zoning

  • Zoning: R4

Geography

  • Parcel: LYNN M:083 B:609 L:039
  • Block: 609
  • Lot: 39
  • Municipality: LYNN
  • Latitude: 42.4682
  • Longitude: -70.9394

    Address

  • Full Address: 8 Union Ct
  • Address - House Number: 8
  • Address - Street Name: Union
  • Address - Suffix Type: Ct
  • State: MA
  • City Name: Lynn
  • Carrier Code: C017
  • 4-Digit Zip Code: 3667
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $600,800

    Appraisal Valuation

  • Standard Deviation: 0.1779
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 68
  • Final Value: 571,295
  • High Value: 699,735
  • Low Value: 442,854

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $570,600
  • Assessed Land Value: $159,300
  • Assessed Improvements Value: $411,300

    Sales

  • Current Sale Contract Date: Jan 31, 2020
  • Current Sale Recording Date: Jan 31, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200131002610
  • Previous Sale Recording Date: Mar 31, 2016
  • Previous Sale Amount: $305,000
  • 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:

$589,900

Sale Price/ft²

$372

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2470 ft²

Average Home Age

96.1 years

Currently For Sale

162 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72583881

Frequently Asked Questions

When was property at 8 Union Court built and last sold?
The property at 8 Union Court was built in 2015 and last sold on Jan 31, 2020 for $409,000.
How much is this home worth?
The estimated value of the home located at 8 Union Court is $407,158.
What are some comparable homes to 8 Union Court?
There are currently no comparable homes to 8 Union Court.
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