Active

75 Days on market

64 Spring View Drive Lynn — Photo 1 of 40

Recent Drop: $20,000

$695,000

$675,000

Investment Analysis — 64 Spring View Drive

Lynn, MA 01904

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01904 carries an estimated $3,080/mo in gross rent — about a 3.09% cap rate and $20,855/yr in estimated NOI at the $675,000 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

Baths

1.5

SqFt

1,483

Style

Single Family

Built

1965

Welcome to your 3 bed-room Colonial in a well-desired Fay Estate neighborhood in Lynn. This home boasts an updated kitchen as well as new flooring throughout the first floor. Whether you are enjoying the cozy fireplace in the living room on a cold winter night, or stepping out on the freshly painted deck enjoying the privacy of your generous sized fenced in back yard. This classic has much to offer. This home has a new refrigerator, stove, Microwave, and hot water heater, as well as freshly painted interior. Tired of cleaning your car off in the winter. Step into your large 36x27 attached 3-car heated garage, with electric garage doors in the front and rear. Close to major highways and routes. This one will not last long.

ADU Potential

Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 742 sq ft (the lesser of 900 sq ft or half the 1,483 sq ft principal dwelling). Lot size: 11,325 sq ft.

Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.