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Lynn 01904
855 Lynnfield St
$500,000
● House - Off Market

855 Lynnfield St

Lynn, MA 01904
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,157 Ft²
$498,685
RealtyHop Estimate
3.91%
Since Apr 1, 2022
MA-Boston
Primary Model

About This Property

Located in desirable Ward 1, this solid 2 bedroom, 1 bath, well-maintained Ranch is situated in a perfect commuter location. Super convenient to highways & shopping centers. The updated kitchen is open to the living/dining room with Stainless Steel Appliances, Tile Flooring, and Granite Countertops. Spacious living room with recessed lighting, hardwood floors, amazing natural wooded crown molding throughout the house and a working fireplace. The partially finished basement provides extra living space waiting for your finishing touches and existing plumbing for a future bathroom. The home offers an attached 1 car garage as well as 3 additional off street parking spaces.
Unit Size
1,157 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$415
Property Type
House
Property Taxes
$399
HOA Dues
-
Year Built
1953

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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 #72934088)

Price History

Date / Event Date Event Price
Mar 10, 2022 Sold
Premium
Sold
Jan 20, 2022 Listed by Pathways $479,900
Listed by Pathways
Jun 24, 2016 Sold
Premium
Sold
Apr 15, 2016 Listed by Pathways $299,900
Listed by Pathways
Oct 23, 2008 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,157
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,800
  • Total Building Area: 1,157
  • Gross Building Area: 2,677
  • Building Area: 1,157
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,157
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000133
  • 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: 205400

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:065 B:039 L:001
  • Block: 39
  • Lot: 1
  • Municipality: LYNN
  • Latitude: 42.5107
  • Longitude: -70.9903

    Address

  • Full Address: 855 Lynnfield St
  • Address - House Number: 855
  • Address - Street Name: Lynnfield
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C027
  • 4-Digit Zip Code: 1006
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $542,300
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1716
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 561,319
  • High Value: 657,652
  • Low Value: 464,985

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $515,000
  • Assessed Land Value: $187,100
  • Assessed Improvements Value: $327,900

    Sales

  • Current Sale Contract Date: Mar 10, 2022
  • Current Sale Recording Date: Mar 10, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 634528
  • Previous Sale Recording Date: Jun 24, 2016
  • Previous Sale Contract Date: Jun 16, 2016
  • Previous Sale Amount: $300,000
  • 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:

$592,450

Sale Price/ft²

$372

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2486 ft²

Average Home Age

97.4 years

Currently For Sale

157 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# 72934088

Frequently Asked Questions

When was property at 855 Lynnfield Street built and last sold?
The property at 855 Lynnfield Street was built in 1953 and last sold on Mar 10, 2022 for $500,000.
How much is this home worth?
The estimated value of the home located at 855 Lynnfield Street is $472,028.
What are some comparable homes to 855 Lynnfield Street?
There are currently no comparable homes to 855 Lynnfield Street.
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