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Lynn 01902
93 Johnson Street
$575,000
● House - Off Market

93 Johnson Street

Lynn, MA 01902
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,586 Ft²
$603,626
RealtyHop Estimate
-1.04%
Since Oct 1, 2023
MA-Boston
Primary Model

About This Property

This charming and sizable Colonial is new to the market after 40+ years of being loved and well maintained by one owner. Located in the heart of Lynn, this home offers convenient access to all that the city has to offer; transportation, schools, churches, shopping, dining, and entertainment! This home has tons of character with high ceilings, gorgeous oak wood floors, tall windows, and a large wrap-around staircase. There are three bedrooms on the second floor, and a bonus bedroom and large living area on the third floor. This home comes with a back deck & side porch, a large basement that's perfect for storage, a driveway for two-three tandemly parked cars, and large flower beds with diverse plants. Some TLC needed, bring your creative ideas. Don't miss out on this unique opportunity to own this gem! Sold as is.
Unit Size
2,586 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$236
Property Type
House
Property Taxes
$385
HOA Dues
-
Year Built
1905

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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 #73131921)

Price History

Date / Event Date Event Price
Sep 22, 2023 Sold
Premium
Sold
Aug 1, 2023 In contract -
In contract
Jul 5, 2023 Listed by Conway - Swampscott $609,999
Listed by Conway - Swampscott

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1905
  • Effective Year Built: 1923
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 856
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,586
  • Total Building Area: 2,136
  • Gross Building Area: 3,606
  • Building Area: 2,136
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,136
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000059
  • 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: 206100

Zoning

  • Zoning: R5

Geography

  • Parcel: LYNN M:069 B:643 L:001
  • Block: 643
  • Lot: 1
  • Municipality: LYNN
  • Latitude: 42.4667
  • Longitude: -70.9542

    Address

  • Full Address: 93 Johnson St
  • Address - House Number: 93
  • Address - Street Name: Johnson
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C001
  • 4-Digit Zip Code: 4140
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $515,300
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1837
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 596,000
  • High Value: 705,436
  • Low Value: 486,564

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $489,400
  • Assessed Land Value: $176,800
  • Assessed Improvements Value: $312,600

    Sales

  • Current Sale Contract Date: Sep 22, 2023
  • Current Sale Recording Date: Sep 22, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20230922002130
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

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2528 ft²

Average Home Age

96.4 years

Currently For Sale

162 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: 4 months ago
Data Source: MLS PIN, MLS# 73131921

Frequently Asked Questions

When was property at 93 Johnson Street built and last sold?
The property at 93 Johnson Street was built in 1905 and last sold on Sep 22, 2023 for $575,000.
How much is this home worth?
The estimated value of the home located at 93 Johnson Street is $626,635.
What are some comparable homes to 93 Johnson Street?
There are currently no comparable homes to 93 Johnson Street.
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