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Lynn 01905
97 River Street
$570,000
● House - Off Market

97 River Street

Lynn, MA 01905
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,377 Ft²
$545,572
RealtyHop Estimate
-0.79%
Since Nov 1, 2023
MA-Boston
Primary Model

About This Property

...............PRIDE of OWNERSHIP........METICULOUSLY MAINTAINED ..........Do you Dream of a Private Outdoor Space to call your own? Look no further..... This home has a Double sized yard with Two Driveway Entrances, Side Carport, Private Gazebo Patio, Spacious Deck off Master Bedroom,  One Car Detached Garage, Fruit Trees, and a Vegetable Garden. Granite Counters in Kitchen with SS Appliances and Tile Floor. Spacious Master Bedroom on the First Level with Sliding Glass Doors leading to a Private Double Sized Deck. Fireplaced Living Room with two additional Bedrooms on the second level. Semi Finished Basement could be used as a Fourth Bedroom or Family Room with plenty of Additional Storage. Proximity to all Major Highways, and Public Transportation.
Unit Size
1,377 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$399
Property Type
House
Property Taxes
$405
HOA Dues
-
Year Built
1920

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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 #73163890)

Price History

Date / Event Date Event Price
Oct 30, 2023 Sold
Premium
Sold
Oct 7, 2023 In contract -
In contract
Sep 27, 2023 Listed by Don Baker Real Estate $549,900
Listed by Don Baker Real Estate
Jan 11, 2006 Sold
Premium
Sold
Aug 27, 2004 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 18
  • 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: 931
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,402
  • Total Building Area: 1,377
  • Gross Building Area: 2,761
  • Building Area: 1,377
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,377
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000147
  • 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: 205800

Zoning

  • Zoning: R4

Geography

  • Parcel: LYNN M:019 B:305 L:013
  • Block: 305
  • Lot: 13
  • Municipality: LYNN
  • Latitude: 42.4553
  • Longitude: -70.9763

    Address

  • Full Address: 97 River St
  • Address - House Number: 97
  • Address - Street Name: River
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C009
  • 4-Digit Zip Code: 2627
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $501,900
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2393
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 536,290
  • High Value: 634,635
  • Low Value: 437,945

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $476,600
  • Assessed Land Value: $195,700
  • Assessed Improvements Value: $280,900

    Sales

  • Current Sale Contract Date: Oct 30, 2023
  • Current Sale Recording Date: Oct 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20231030002560
  • Previous Sale Recording Date: Jan 11, 2006
  • Previous Sale Amount: $236,000
  • 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:

$597,900

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# 73163890

Frequently Asked Questions

When was property at 97 River Street built and last sold?
The property at 97 River Street was built in 1920 and last sold on Oct 30, 2023 for $570,000.
How much is this home worth?
The estimated value of the home located at 97 River Street is $543,768.
What are some comparable homes to 97 River Street?
There are currently no comparable homes to 97 River Street.
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