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Lynn 01904
87 Richardson Rd
$460,000
● House - Off Market

87 Richardson Rd

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,591 Ft²
$563,608
RealtyHop Estimate
22.55%
Since Mar 1, 2021
MA-Boston
Primary Model

About This Property

Ward 1 Great find, 7 room Colonial , With 3 Large bedrooms, 2 full baths, Features Hardwood floors, Natural wood trim and high ceilings  ,  Large Living room with fireplace , Formal dining room with built in hutch, Country Kitchen, Plus Bonus Sunroom with sliders to 14X16 Deck. All on large level lot . Recent improvements include New Roof (3 years) . New furnace ( 2 Years), Vinyl Windows (@ 15 yrs , slider and 2 windows 2 years} Convenient location with access to Schools,  public transportation, shopping and highway access.
Unit Size
1,591 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$289
Property Type
House
Property Taxes
$413
HOA Dues
-
Year Built
1925

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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 years ago (MLSPIN #72780736)

Price History

Date / Event Date Event Price
Jul 9, 2021 Sold
Premium
Sold
May 11, 2021 Listed by Return Realty Group, Inc. $569,900
Listed by Return Realty Group, Inc.
Feb 26, 2021 Sold
Premium
Sold
Jan 31, 2021 Listed by Return Realty Group, Inc. $459,900
Listed by Return Realty Group, Inc.
Jun 30, 2017 Sold
Premium
Sold

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1967
  • 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: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 800
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,646
  • Total Building Area: 1,759
  • Gross Building Area: 2,783
  • Building Area: 1,759
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,759
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000107
  • 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: 205200

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:073 B:189 L:036
  • Block: 189
  • Lot: 36
  • Municipality: LYNN
  • Latitude: 42.4829
  • Longitude: -70.9632

    Address

  • Full Address: 87 Richardson Rd
  • Address - House Number: 87
  • Address - Street Name: Richardson
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lynn
  • Carrier Code: C030
  • 4-Digit Zip Code: 2501
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $594,800
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1735
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 652,112
  • High Value: 765,334
  • Low Value: 538,891

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $564,900
  • Assessed Land Value: $191,900
  • Assessed Improvements Value: $373,000

    Sales

  • Current Sale Contract Date: Jul 09, 2021
  • Current Sale Recording Date: Jul 09, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210709003790
  • Previous Sale Recording Date: Feb 26, 2021
  • Previous Sale Contract Date: Feb 25, 2021
  • Previous Sale Amount: $460,000
  • Previous Sale Document Type: 35
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

2704 ft²

Average Home Age

97.1 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72780736

Frequently Asked Questions

When was property at 87 Richardson Road built and last sold?
The property at 87 Richardson Road was built in 1925 and last sold on Jul 9, 2021 for $580,000.
How much is this home worth?
The estimated value of the home located at 87 Richardson Road is $0.
What are some comparable homes to 87 Richardson Road?
There are currently no comparable homes to 87 Richardson Road.
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