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Lynn 01904
9 Thomson Lane
$237,500
● House - Off Market

9 Thomson Lane

Lynn, MA 01904
bedrooms
2 Beds
bathrooms
1 Bath
square feet
944 Ft²
$455,249
RealtyHop Estimate
91.68%
Since Jul 1, 2013
MA-Boston
Primary Model

About This Property

Nicely maintained / move-in condition. Quaint and comfortable. Located on a cul-de-sac. Great amenities including fenced landscaped yard, deck with Sunsetter awning, gutter guards, fireplace, central AC, garage and additional space in basement. Terrific Wyoma Square neighborhood and location. Closing and occupancy on or after June 19.
Unit Size
944 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$252
Property Type
House
Property Taxes
$313
HOA Dues
-
Year Built
1960

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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: 4 months ago (MLSPIN #71495041)

Price History

Date / Event Date Event Price
Jun 21, 2013 Sold
Premium
Sold
Mar 18, 2013 Listed by RE/MAX Advantage Real Estate $237,500
Listed by RE/MAX Advantage Real Estate
Jun 10, 2002 Sold
Premium
Sold
Feb 7, 2002 Listed by RE/MAX Advantage Real Estate $235,000
Listed by RE/MAX Advantage Real Estate

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 704
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,680
  • Total Building Area: 1,104
  • Gross Building Area: 2,144
  • Building Area: 1,104
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,104
  • Heating Fuel Type: 3

    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:194 L:023
  • Block: 194
  • Lot: 23
  • Municipality: LYNN
  • Latitude: 42.4824
  • Longitude: -70.9586

    Address

  • Full Address: 9 Thompson Ln
  • Address - House Number: 9
  • Address - Street Name: Thompson
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lynn
  • Carrier Code: C029
  • 4-Digit Zip Code: 2518
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $527,800

    Appraisal Valuation

  • Standard Deviation: 0.1901
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 74
  • Final Value: 547,792
  • High Value: 652,029
  • Low Value: 443,554

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $501,200
  • Assessed Land Value: $192,000
  • Assessed Improvements Value: $309,200

    Sales

  • Current Sale Recording Date: Jun 21, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 699
  • Previous Sale Recording Date: Jun 10, 2002
  • Previous Sale Amount: $235,000
  • 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:

$596,450

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2584 ft²

Average Home Age

96.9 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71495041

Frequently Asked Questions

When was property at 9 Thomson Lane built and last sold?
The property at 9 Thomson Lane was built in 1960 and last sold on Jan 1, 1970 for $237,500.
How much is this home worth?
The estimated value of the home located at 9 Thomson Lane is $245,958.
What are some comparable homes to 9 Thomson Lane?
There are currently no comparable homes to 9 Thomson Lane.
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