Taxes
- Assessed Value: $661,800
- Assessed Year: 2025
- Assessed County: Essex
- APN: LYNN M:093 B:557 L:004
- Assessed Land Value: 240700
- Tax Amount: 6856
- Tax Year: 2025
- Market Value: 674595
- Market Year: 2025
7 Wallace Rd; Lynn, MA Property Details
Off market
7 Wallace Rd Lynn, MA 01902
$283,564 Listing Price
3 Beds
1.5 Baths
2,065 SqFt
Property Type
Single FamilyProperty Details
Summary
- Purchase Method: Cash
- Owners / Type: 2 / Related
- Owner Status: Related
- Year Built: 1951
- Open Loans / Balance: 1 / $178,268
- Est. Equity / %: $568,732 / 76.14%
- Gross Yield: 5.979%
- APN: LYNN M:093 B:557 L:004
- Situs County: Essex
- Length Of Ownership: 13 years, 4 months
Rooms
- Bedrooms: 3
- Bathrooms: 1.5
- Full Bathrooms: 1
- Total Rooms: 8
- Partial Bathrooms: 1
Structure
- Building Style: Frame
- Stories: 2
- Exterior Wall Type: Siding (Alum/Vinyl)
- Building Condition: Average
- Roof Type: Hip
- Roof Cover Type: Asphalt
Measurements
- Total: 2,065/SqFt
- Lot: 6,752/SqFt
- Gross: 3,142/SqFt
- Living: 2,065/SqFt
- Basement: 1,015/SqFt
- Building: 2,065/SqFt
- Basement Unfinished: 1,015/SqFt
Building Insights
Land Information
- Property Type: Single Family
- Within Flood Zone: True
- Flood Zone: X / Low/Medium Risk
- School District: Lynn School District
- Lat / Lon: 42.464714 / -70.92663
- Property Class: Residential
- Zoning: R1
- County Use Code: 101
Amenities
- Heating Fuel Type: Gas
- Plus Four: 2011
- Fireplaces: 1
- Heating: Hot Water
Ownership Info
7 Wallace Rd has no associated ownership info
7 Wallace Rd has no associated ownership info.
Taxes
7 Wallace Rd has 9 associated Taxes items
7 Wallace Rd, Lynn, MA pays taxes in Essex County, MA. The most recent tax assessment records are from 2025 and show that the current assessed value of the property is $661,800. The APN we've located for 7 Wallace Rd is LYNN M:093 B:557 L:004.
Unlock the full reportTax History
7 Wallace Rd has 11 associated Tax History items
| Year | Assessed Value | Land Value | Improvement Value | Tax Amount | Change Rate | Assessed CR | Tax Rate |
|---|---|---|---|---|---|---|---|
| Year 2025 | Assessed Value $661,800 | Land Value $240,700 | Improvement Value $421,100 | Tax Amount $6,856 | Change Rate +0.029739% | Assessed CR | Tax Rate +0.01036% |
| Year 2024 | Assessed Value $632,300 | Land Value $255,100 | Improvement Value $377,200 | Tax Amount $6,658 | Change Rate +0.049% | Assessed CR | Tax Rate +0.01053% |
| Year 2023 | Assessed Value $569,200 | Land Value $236,400 | Improvement Value $332,800 | Tax Amount $6,347 | Change Rate +0.030692% | Assessed CR | Tax Rate +0.011151% |
| Year 2022 | Assessed Value $495,400 | Land Value $197,100 | Improvement Value $298,300 | Tax Amount $6,158 | Change Rate +0.035654% | Assessed CR | Tax Rate +0.01243% |
| Year 2021 | Assessed Value $456,300 | Land Value $193,600 | Improvement Value $262,700 | Tax Amount $5,946 | Change Rate +0.051784% | Assessed CR | Tax Rate +0.013031% |
| Year 2020 | Assessed Value $424,200 | Land Value $173,300 | Improvement Value $250,900 | Tax Amount $5,653.25 | Change Rate +0.006185% | Assessed CR | Tax Rate +0.013327% |
| Year 2019 | Assessed Value $394,500 | Land Value $160,600 | Improvement Value $233,900 | Tax Amount $5,618.5 | Change Rate +0.03374% | Assessed CR | Tax Rate +0.014242% |
| Year 2018 | Assessed Value $369,300 | Land Value $164,300 | Improvement Value $205,000 | Tax Amount $5,435.12 | Change Rate +0.001127% | Assessed CR | Tax Rate +0.014717% |
| Year 2017 | Assessed Value $348,000 | Land Value $156,400 | Improvement Value $191,600 | Tax Amount $5,429 | Change Rate +0.004626% | Assessed CR | Tax Rate +0.015601% |
| Year 2016 | Assessed Value $334,000 | Land Value $153,200 | Improvement Value $180,800 | Tax Amount $5,404 | Change Rate -0.002031% | Assessed CR | Tax Rate +0.01618% |
| Year 2015 | Assessed Value $323,300 | Land Value $158,500 | Improvement Value $164,800 | Tax Amount $5,415 | Change Rate | Assessed CR | Tax Rate +0.016749% |