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Lynn 01902
17 Chestnut Ave
$357,000
● House - Off Market

17 Chestnut Ave

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,200 Ft²
$511,249
RealtyHop Estimate
42.41%
Since Nov 1, 2019
MA-Boston
Primary Model

About This Property

MOVE IN READY! Lynn is now poised for great investment potential.This is your opportunity to invest in the Northshore's BEST value for real estate.Conveniently located minutes from Boston and Logan International Airport, easy access to routes 1 and 1A, commuter rail, beautiful sandy beaches, great restaurants and cafes, gorgeous public parks.This recently renovated 3 bedrm home boasts eat in kitchen w/granite counters & access to covered porch, formal dining room or den, 3/4 bath and laundry on main level. Second floor has full bath w/spa tub and double sinks, 3 bedrms. Beautiful newly installed hardwood and bamboo floors throughout, plenty of parking. Nothing to do but enjoy all that this great coastal city has to offer. Now is the time to invest before prices soar!
Unit Size
1,200 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$299
Property Type
House
Property Taxes
$228
HOA Dues
-
Year Built
1834

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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 #72503989)

Price History

Date / Event Date Event Price
Oct 28, 2019 Sold
Premium
Sold
May 21, 2019 Listed by RE/MAX Advantage Real Estate $359,000
Listed by RE/MAX Advantage Real Estate
Mar 18, 2011 Sold
Premium
Sold
Feb 12, 2011 Listed by RE/MAX Advantage Real Estate $55,000
Listed by RE/MAX Advantage Real Estate

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1834
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 1
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 1
  • 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: 699
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,723
  • Total Building Area: 1,223
  • Gross Building Area: 2,223
  • Building Area: 1,223
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,223
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000108
  • 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: 206300

Zoning

  • Zoning: R4

Geography

  • Parcel: LYNN M:083 B:711 L:033
  • Block: 711
  • Lot: 33
  • Municipality: LYNN
  • Latitude: 42.4716
  • Longitude: -70.9404

    Address

  • Full Address: 17 Chestnut Ave
  • Address - House Number: 17
  • Address - Street Name: Chestnut
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C051
  • 4-Digit Zip Code: 2834
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $495,000

    Appraisal Valuation

  • Standard Deviation: 0.2393
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 66
  • Final Value: 509,618
  • High Value: 631,455
  • Low Value: 387,780

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $470,100
  • Assessed Land Value: $171,900
  • Assessed Improvements Value: $298,200

    Sales

  • Current Sale Contract Date: Oct 23, 2019
  • Current Sale Recording Date: Oct 28, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20191028000300
  • Previous Sale Recording Date: Mar 18, 2011
  • Previous Sale Amount: $58,000
  • Previous Sale Document Type: 27
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

2697 ft²

Average Home Age

97 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72503989

Frequently Asked Questions

When was property at 17 Chestnut Avenue built and last sold?
The property at 17 Chestnut Avenue was built in 1834 and last sold on Oct 23, 2019 for $357,000.
How much is this home worth?
The estimated value of the home located at 17 Chestnut Avenue is $358,004.
What are some comparable homes to 17 Chestnut Avenue?
There are currently no comparable homes to 17 Chestnut Avenue.
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