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Lynn 01905
85 Purdon Ave
$387,000
● House - Off Market

85 Purdon Ave

Lynn, MA 01905
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,321 Ft²
$528,747
RealtyHop Estimate
42.94%
Since Jun 1, 2019
MA-Boston
Primary Model

About This Property

Welcome to Veterans Village, one of Lynn's most sought after locations. This lovely Cape Style home is situated on 5,052 sq. ft. of level, fenced in land. Perfectly situated on a quiet side street amongst similar homes, this 4 bedroom, 1 bath, 1,321 sq. ft. home has been loved & cared for through the years. Enter through a charming entryway, leading to your living room w/ wood burning fireplace. An eat in kitchen, full bath & 2 large bedrooms complete this level. Just off the kitchen you have a beautiful rear yard w/ deck for outdoor dining & entertaining, accessed by a breezeway.. A one car garage & off street parking complete this home. Short drive to Wonderland, Boston, Rte 1, 128, 95. Walk to area elementary, middle & high schools. Incredible value, do not miss this opportunity.... this home will not last!
Unit Size
1,321 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$280
Property Type
House
Property Taxes
$394
HOA Dues
-
Year Built
1950

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72467770)

Price History

Date / Event Date Event Price
May 13, 2019 Sold
Premium
Sold
Mar 20, 2019 Listed by RE/MAX 360 $369,900
Listed by RE/MAX 360
Sep 24, 2007 Sold
Premium
Sold
May 30, 2007 Listed by RE/MAX 360 $299,500
Listed by RE/MAX 360

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 5,058
  • Total Building Area: 1,322
  • Gross Building Area: 3,188
  • Building Area: 1,322
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,322
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000116
  • 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: 205700

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:022 B:350 L:018
  • Block: 350
  • Lot: 18
  • Municipality: LYNN
  • Latitude: 42.4659
  • Longitude: -70.9817

    Address

  • Full Address: 85 Purdon Ave
  • Address - House Number: 85
  • Address - Street Name: Purdon
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C017
  • 4-Digit Zip Code: 1403
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $525,000

    Appraisal Valuation

  • Standard Deviation: 0.1837
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 573,223
  • High Value: 678,341
  • Low Value: 468,105

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $498,600
  • Assessed Land Value: $199,400
  • Assessed Improvements Value: $299,200

    Sales

  • Current Sale Contract Date: May 06, 2019
  • Current Sale Recording Date: May 13, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20190513003180
  • Previous Sale Recording Date: Sep 24, 2007
  • Previous Sale Amount: $298,000
  • 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:

$590,000

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2464 ft²

Average Home Age

96.9 years

Currently For Sale

163 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: 5 months ago
Data Source: MLS PIN, MLS# 72467770

Frequently Asked Questions

When was property at 85 Purdon Avenue built and last sold?
The property at 85 Purdon Avenue was built in 1950 and last sold on May 6, 2019 for $387,000.
How much is this home worth?
The estimated value of the home located at 85 Purdon Avenue is $377,580.
What are some comparable homes to 85 Purdon Avenue?
There are currently no comparable homes to 85 Purdon Avenue.
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