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Lynn 01902
229 Chatham St
$322,000
● House - Off Market

229 Chatham St

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,415 Ft²
$455,648
RealtyHop Estimate
42.43%
Since Dec 1, 2019
MA-Boston
Primary Model

About This Property

Don't miss the opportunity to check out this adorable corner lot Colonial style home on this quiet neighborhood street. This 3  bedroom home awaits for its new owners personal touches. Walk into a large living room on the first level, kitchen and a Den area. Laundry area is located in the basement, 2  bedrooms in the second floor with a full bath and an office that can be used as a bedroom .  Perfect size back yard for summer fun, drive way for two cars. Close access to public transportation,walking distance to public school, parks, shopping, restaurant, Roof is about 13 years old.. heating system 5 years old. " Sold as is "
Unit Size
1,415 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$226
Property Type
House
Property Taxes
$328
HOA Dues
-
Year Built
1900

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 5 months ago (MLSPIN #72545530)

Price History

Date / Event Date Event Price
Nov 14, 2019 Sold
Premium
Sold
Aug 6, 2019 Listed by Agent Referral Network $319,900
Listed by Agent Referral Network
Dec 27, 2016 Sold
Premium
Sold
Sep 22, 2016 Listed by Agent Referral Network $245,000
Listed by Agent Referral Network
Aug 31, 2000 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • 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: 759
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,335
  • Total Building Area: 1,415
  • Gross Building Area: 2,398
  • Building Area: 1,415
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,415
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000077
  • 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: 206400

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:096 B:473 L:032
  • Block: 473
  • Lot: 32
  • Municipality: LYNN
  • Latitude: 42.4737
  • Longitude: -70.9363

    Address

  • Full Address: 229 Chatham St
  • Address - House Number: 229
  • Address - Street Name: Chatham
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C018
  • 4-Digit Zip Code: 2245
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $475,400

    Appraisal Valuation

  • Standard Deviation: 0.1895
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 511,821
  • High Value: 608,763
  • Low Value: 414,878

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $451,500
  • Assessed Land Value: $159,500
  • Assessed Improvements Value: $292,000

    Sales

  • Current Sale Contract Date: Nov 06, 2019
  • Current Sale Recording Date: Nov 14, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20191114005360
  • Previous Sale Recording Date: Dec 27, 2016
  • Previous Sale Amount: $240,000
  • Previous Sale Document Type: O
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:

$590,000

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2462 ft²

Average Home Age

96.5 years

Currently For Sale

162 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: 5 months ago
Data Source: MLS PIN, MLS# 72545530

Frequently Asked Questions

When was property at 229 Chatham Street built and last sold?
The property at 229 Chatham Street was built in 1900 and last sold on Nov 6, 2019 for $322,000.
How much is this home worth?
The estimated value of the home located at 229 Chatham Street is $332,248.
What are some comparable homes to 229 Chatham Street?
There are currently no comparable homes to 229 Chatham Street.
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