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Lynn 01905
83 Light St
$204,850
● House - Off Market

83 Light St

Lynn, MA 01905
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,000 Ft²
$373,478
RealtyHop Estimate
82.32%
Since Oct 1, 2014
MA-Boston
Primary Model

About This Property

Newly renovated and well-kept starter home, 2 bedrooms, 1 office studio, and 2 baths in a quiet neighborhood in West Lynn.  Located at the end of a dead end street and is in ready-move condition.  No repairs required, just move in and live. Recent updates include: gas furnace, water heater, home water filter, electric panel, enclosed backyard (with patio and garden), granite countertops, and new appliances.  BACK ON MARKET DUE TO BUYER FINANCING.
Unit Size
1,000 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$205
Property Type
House
Property Taxes
$219
HOA Dues
-
Year Built
1900

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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 #71692345)

Price History

Date / Event Date Event Price
Oct 1, 2014 Sold
Premium
Sold
Jun 3, 2014 Listed by Vezuli Realty Group, LLC $204,850
Listed by Vezuli Realty Group, LLC
May 25, 2005 Sold
Premium
Sold
Apr 4, 2005 Listed $234,000
Listed
Lovely single family home in a very quiet street. Move in condition. Nice backyard for kids or for additional parking. Large Eat in Kitchen, Hardwood floors, Built in Hutch in Livig Room. Ideal for the first time home owner.
Sep 7, 2004 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 531
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,138
  • Total Building Area: 1,000
  • Gross Building Area: 1,723
  • Building Area: 1,000
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,000
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BIRCHWOOD POINT CONDO
  • Land Acres: 0000000049
  • 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: 207200

Zoning

  • Zoning: R4

Geography

  • Parcel: LYNN M:036 B:790 L:010
  • Block: 790
  • Lot: 10
  • Municipality: LYNN
  • Latitude: 42.4555
  • Longitude: -70.9685

    Address

  • Full Address: 83 Light St
  • Address - House Number: 83
  • Address - Street Name: Light
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C009
  • 4-Digit Zip Code: 2725
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $444,800

    Appraisal Valuation

  • Standard Deviation: 0.1895
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 451,040
  • High Value: 536,357
  • Low Value: 365,724

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $422,400
  • Assessed Land Value: $172,700
  • Assessed Improvements Value: $249,700

    Sales

  • Current Sale Recording Date: Oct 01, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 100266
  • Previous Sale Recording Date: May 25, 2005
  • Previous Sale Amount: $232,750
  • 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:

$596,450

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2520 ft²

Average Home Age

95.8 years

Currently For Sale

161 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# 71692345

Frequently Asked Questions

When was property at 83 Light Street built and last sold?
The property at 83 Light Street was built in 1900 and last sold on Jan 1, 1970 for $204,100.
How much is this home worth?
The estimated value of the home located at 83 Light Street is $215,723.
What are some comparable homes to 83 Light Street?
There are currently no comparable homes to 83 Light Street.
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