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Lynn 01902
86 Melvin Ave
Photo of 86 Melvin Ave
Sold on Apr 25, 2008

1

Map

$293,100
● House - Off Market

86 Melvin Ave

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,600 Ft²
$578,842
RealtyHop Estimate
99.67%
Since May 1, 2008
MA-Boston
Primary Model

About This Property

Feels like a brand new house! Fabulous, totally renovated, 3 bedroom, 2 full bath home. Open & spacious w/ large closets & ample storage, including walk-in master & first floor laundry. A great neighborhood; ensconced on pretty, dead end street; driveway in Swampscott & house in Lynn! Gardens & surrounding canopy of lush trees can be seen from mstr bdrm, kitchen & four season sunroom which offers cathedral ceilings, skylight, walls of windows & glass sliders to expansive, private deck.
Unit Size
1,600 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$181
Property Type
House
Property Taxes
$269
HOA Dues
-
Year Built
1988

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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 #70716143)

Price History

Date / Event Date Event Price
Apr 25, 2008 Sold
Premium
Sold
Feb 22, 2008 Listed $289,900
Listed
May 28, 1998 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1989
  • Building Count: 1
  • Total Rooms: 5
  • 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: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 702
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,390
  • Total Building Area: 1,584
  • Gross Building Area: 2,729
  • Building Area: 1,584
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,584
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000078
  • 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: 206400

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:105 B:422 L:039
  • Block: 422
  • Lot: 39
  • Municipality: LYNN
  • Latitude: 42.4789
  • Longitude: -70.9282

    Address

  • Full Address: 86 Melvin Ave
  • Address - House Number: 86
  • Address - Street Name: Melvin
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C035
  • 4-Digit Zip Code: 1214
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $544,400
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1709
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 78
  • Final Value: 602,020
  • High Value: 704,934
  • Low Value: 499,106

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $517,000
  • Assessed Land Value: $158,800
  • Assessed Improvements Value: $358,200

    Sales

  • Current Sale Recording Date: Apr 25, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: May 28, 1998
  • Previous Sale Amount: $140,000
  • 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:

$597,900

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2533 ft²

Average Home Age

96.5 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

Rentals Near You

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70716143

Frequently Asked Questions

When was property at 86 Melvin Avenue built and last sold?
The property at 86 Melvin Avenue was built in 1988 and last sold on Jan 1, 1970 for $293,100.
How much is this home worth?
The estimated value of the home located at 86 Melvin Avenue is $310,143.
What are some comparable homes to 86 Melvin Avenue?
There are currently no comparable homes to 86 Melvin Avenue.
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