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Lynn 01902
250 Chestnut Street
$87,900
● House - Off Market

250 Chestnut Street

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,440 Ft²
$370,848
RealtyHop Estimate
312.51%
Since Jul 1, 1997
MA-Boston
Primary Model

About This Property

MODERN SEVEN ROOM 3 BEDROOM COLONIAL WITH WOODBURNING STOVE IN FAMILY ROOM.  BEAUTIFUL HARDWOOD FLOORS THROUGHOUT.  IN MOVE IN CONDITION.
Unit Size
1,440 Ft²
Days on Market
-
Land Size
0.08 acres
Price per sqft
$62
Property Type
House
Property Taxes
$102
HOA Dues
-
Year Built
1884

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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 years ago (MLSPIN #30146889)

Price History

Date / Event Date Event Price
Dec 17, 1999 Sold
Premium
Sold
Sep 29, 1999 Listed by Don Baker Real Estate $124,900
Listed by Don Baker Real Estate
Jun 27, 1997 Sold
Premium
Sold
Feb 10, 1997 Listed by Don Baker Real Estate $89,900
Listed by Don Baker Real Estate

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1884
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 624
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,719
  • Total Building Area: 1,783
  • Gross Building Area: 2,769
  • Building Area: 1,783
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,783
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000085
  • 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:712 L:005
  • Block: 712
  • Lot: 5
  • Municipality: LYNN
  • Latitude: 42.4718
  • Longitude: -70.9398

    Address

  • Full Address: 250 Chestnut St
  • Address - House Number: 250
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C051
  • 4-Digit Zip Code: 2854
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $457,500

    Appraisal Valuation

  • Standard Deviation: 0.2583
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 63
  • Final Value: 547,214
  • High Value: 688,559
  • Low Value: 405,870

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $434,500
  • Assessed Land Value: $167,000
  • Assessed Improvements Value: $267,500

    Sales

  • Current Sale Recording Date: Dec 17, 1999
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jun 27, 1997
  • Previous Sale Amount: $87,900
  • 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:

$590,000

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2464 ft²

Average Home Age

96.9 years

Currently For Sale

163 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: 4 years ago
Data Source: MLS PIN, MLS# 30146889

Frequently Asked Questions

When was property at 250 Chestnut Street built and last sold?
The property at 250 Chestnut Street was built in 1884 and last sold on Jan 1, 1970 for $118,000.
How much is this home worth?
The estimated value of the home located at 250 Chestnut Street is $0.
What are some comparable homes to 250 Chestnut Street?
There are currently no comparable homes to 250 Chestnut Street.
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