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Lynn 01905
96 Light St
$330,000
● House - Off Market

96 Light St

Lynn, MA 01905
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,696 Ft²
$300,417
RealtyHop Estimate
0.47%
Since Jun 1, 2023
MA-Boston
Primary Model

About This Property

Looking for a project with potential to increase living space?  This single family needs knowledgeable buyer who will grab the at the opportunity.  There's an open floorplan on the first floor with kitchen, full bath. dining and living areas.  The 2nd floor has 2 bedrooms and another bath plus a small room or "den" off of one of the bedrooms.  From the back hall staircase, there are 3 rooms that have potential to become additional bedrooms or more living space.  The lot is level and mostly paved. Located on a dead-end street, this property is and super convenient to Routes 107 and 1A, local shopping, restaurants, Logan Airport and much more.
Unit Size
1,696 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$176
Property Type
House
Property Taxes
$419
HOA Dues
-
Year Built
1820

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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 #72992491)

Price History

Date / Event Date Event Price
May 24, 2023 Sold
Premium
Sold
Mar 31, 2023 Sold
Premium
Sold
Jun 3, 2022 Listed by Tache Real Estate, Inc. $299,000
Listed by Tache Real Estate, Inc.

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1820
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 4
  • 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: 2
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 848
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,058
  • Total Building Area: 2,118
  • Gross Building Area: 3,834
  • Building Area: 2,118
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,118
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000093
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

  • School District Name: Lynn School District
  • School Tax School District: LYNN SD
  • Census Tract: 207200

Zoning

  • Zoning: R4

Geography

  • Parcel: LYNN M:036 B:788 L:013
  • Block: 788
  • Lot: 13
  • Municipality: LYNN
  • Latitude: 42.4551
  • Longitude: -70.9679

    Address

  • Full Address: 96 Light St
  • Address - House Number: 96
  • Address - Street Name: Light
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C009
  • 4-Digit Zip Code: 2729
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $392,200
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 94
  • Final Value: 306,523
  • High Value: 331,133
  • Low Value: 281,913

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $372,500
  • Assessed Land Value: $183,100
  • Assessed Improvements Value: $189,400

    Sales

  • Current Sale Contract Date: May 24, 2023
  • Current Sale Recording Date: May 24, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20230524002350
  • Previous Sale Recording Date: Mar 31, 2023
  • Previous Sale Contract Date: Mar 02, 2023
  • Previous Sale Amount: $414,969
  • Previous Sale Document Type: 34

    Financing

  • First Mortgage Financing Type: ADJ
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72992491

Frequently Asked Questions

When was property at 96 Light Street built and last sold?
The property at 96 Light Street was built in 1820 and last sold on May 24, 2023 for $330,000.
How much is this home worth?
The estimated value of the home located at 96 Light Street is $329,037.
What are some comparable homes to 96 Light Street?
There are currently no comparable homes to 96 Light Street.
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