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Lynn 01902
83 Eastern Avenue
$375,000
● House - Off Market

83 Eastern Avenue

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,772 Ft²
$547,876
RealtyHop Estimate
48.11%
Since Jul 1, 2018
MA-Boston
Primary Model

About This Property

Location, Location, Location!  Only minutes from Lynn Shore Drive, North Shore Beaches and the Swampscott/Boston Commuter Train, this Classic New England Colonial has it all for convenience and enjoyment.  Stunning hardwood floors, mahogany woodwork and stained glass windows balance an abundance of natural light in this meticulously maintained home.  Custom staircase, mantle, and built-ins make this a decorator's dream!  Three bedrooms plus bonus second floor open foyer perfect for home office.  Open deck overlooking landscaped yard is perfect for entertaining.  Vacant and move-in ready.    Showings by appointment Friday, April 27th from 11-1:00 p.m.;    Open Houses Saturday, April 28th and Sunday, April 29th from 11:00 a.m. - 2:00 p.m.
Unit Size
1,772 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$209
Property Type
House
Property Taxes
$402
HOA Dues
-
Year Built
1894

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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 #72315069)

Price History

Date / Event Date Event Price
Jun 11, 2018 Sold
Premium
Sold
Apr 25, 2018 Listed by Jonah REALTORS® $369,900
Listed by Jonah REALTORS®

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1894
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 858
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,118
  • Total Building Area: 1,772
  • Gross Building Area: 2,928
  • Building Area: 1,772
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,772
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000095
  • 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: 206600

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:103 B:437 L:021
  • Block: 437
  • Lot: 21
  • Municipality: LYNN
  • Latitude: 42.47
  • Longitude: -70.924

    Address

  • Full Address: 83 Eastern Ave
  • Address - House Number: 83
  • Address - Street Name: Eastern
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C028
  • 4-Digit Zip Code: 1319
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $580,100

    Appraisal Valuation

  • Standard Deviation: 0.2393
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 66
  • Final Value: 625,642
  • High Value: 775,218
  • Low Value: 476,066

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $550,900
  • Assessed Land Value: $178,700
  • Assessed Improvements Value: $372,200

    Sales

  • Current Sale Recording Date: Jun 11, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 180611001890
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# 72315069

Frequently Asked Questions

When was property at 83 Eastern Avenue built and last sold?
The property at 83 Eastern Avenue was built in 1894 and last sold on Jan 1, 1970 for $375,000.
How much is this home worth?
The estimated value of the home located at 83 Eastern Avenue is $390,472.
What are some comparable homes to 83 Eastern Avenue?
There are currently no comparable homes to 83 Eastern Avenue.
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