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Lynn 01904
9 Pickering Terrace
$405,000
● House - Off Market

9 Pickering Terrace

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,204 Ft²
$397,504
RealtyHop Estimate
13.60%
Since Nov 1, 2021
MA-Boston
Primary Model

About This Property

Attention First Time Home Buyers! Rehab Loans Available! Contractors and Investors Take Notice! Single Family Cape To Be Sold in "As Is" Condition. 6 Rooms, 3 Bedrooms, 1 Bath Near Wyoma Square! First Floor Includes Living Room, Dining Room, Kitchen, Full Bath and 1 Bedroom. Second Floor Has 2 Good Size Bedrooms. Laundry in Basement. 1 Car Garage and 1 Additional Parking on Paved Driveway. Beautiful Fenced Back Yard. Close to Flax Pond, Shopping and Restaurants.
Unit Size
1,204 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$291
Property Type
House
Property Taxes
$397
HOA Dues
-
Year Built
1950

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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 #72849337)

Price History

Date / Event Date Event Price
Dec 27, 2021 Sold
Premium
Sold
Nov 18, 2021 Listed by Toner Real Estate, LLC $448,900
Listed by Toner Real Estate, LLC
Oct 26, 2021 Sold
Premium
Sold
Jun 14, 2021 Listed by Toner Real Estate, LLC $349,900
Listed by Toner Real Estate, LLC

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 777
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,908
  • Total Building Area: 1,204
  • Gross Building Area: 2,637
  • Building Area: 1,204
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,204
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000136
  • 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: 205300

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:074 B:092 L:015
  • Block: 92
  • Lot: 15
  • Municipality: LYNN
  • Latitude: 42.4883
  • Longitude: -70.9601

    Address

  • Full Address: 9 Pickering Ter
  • Address - House Number: 9
  • Address - Street Name: Pickering
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Lynn
  • Carrier Code: C030
  • 4-Digit Zip Code: 1820
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $551,900
  • Initial Tax Delinquent Year: 2019

    Appraisal Valuation

  • Standard Deviation: 0.1831
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 543,656
  • High Value: 643,217
  • Low Value: 444,095

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $524,100
  • Assessed Land Value: $198,800
  • Assessed Improvements Value: $325,300

    Sales

  • Current Sale Contract Date: Dec 27, 2021
  • Current Sale Recording Date: Dec 27, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 632496
  • Previous Sale Recording Date: Oct 26, 2021
  • Previous Sale Contract Date: Oct 06, 2021
  • Previous Sale Amount: $406,000
  • 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

2698 ft²

Average Home Age

97.9 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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72849337

Frequently Asked Questions

When was property at 9 Pickering Terrace built and last sold?
The property at 9 Pickering Terrace was built in 1950 and last sold on Dec 27, 2021 for $466,100.
How much is this home worth?
The estimated value of the home located at 9 Pickering Terrace is $0.
What are some comparable homes to 9 Pickering Terrace?
There are currently no comparable homes to 9 Pickering Terrace.
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