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Lynn 01902
264 Chestnut St
$540,000
● House - Off Market

264 Chestnut St

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,604 Ft²
$477,219
RealtyHop Estimate
1.97%
Since May 1, 2022
MA-Boston
Primary Model

About This Property

Looking for centrally located home with Charm? Stop by and take a LOOK! This beauty boast spacious Bedrooms, Eat-in Kitchen, dining & Living-room, 2 full baths, Newer Harwood floors, Newer windows, and Large Back yard perfect from gatherings. With laundry area on the main level just make life easier. Do you work from home need a office space? I got you on this home, Did I mention this house is just 10 minutes ways from all Majors Highway, Mass general urgent care, and 20 minutes from Boston?  Yes s with this home you're basically located close by everything without braking the bank! Close proximity to lynn MBTA ? Bus stops, shopping, Beach & playground, Additional storage in the attic. Open house Sunday 2/27 from 2:30 PM To 4:00PM & Monday 2/28 from 5:30PM to 7:00PM Offers deadline Wed March 2, at 5PM
Unit Size
1,604 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$292
Property Type
House
Property Taxes
$383
HOA Dues
-
Year Built
1830

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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 #72945845)

Price History

Date / Event Date Event Price
Apr 29, 2022 Sold
Premium
Sold
Feb 24, 2022 Listed by Century 21 North East $467,977
Listed by Century 21 North East
Dec 7, 2017 Sold
Premium
Sold
Jul 7, 2017 Listed by Century 21 North East $324,900
Listed by Century 21 North East
Jul 12, 1984 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1830
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 802
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,488
  • Total Building Area: 1,604
  • Gross Building Area: 2,591
  • Building Area: 1,604
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,604
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000126
  • 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: R2

Geography

  • Parcel: LYNN M:083 B:711 L:027
  • Block: 711
  • Lot: 27
  • Municipality: LYNN
  • Latitude: 42.4722
  • Longitude: -70.9403

    Address

  • Full Address: 264 Chestnut St
  • Address - House Number: 264
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C040
  • 4-Digit Zip Code: 2855
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $523,000
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.2393
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 66
  • Final Value: 584,881
  • High Value: 724,712
  • Low Value: 445,050

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $496,700
  • Assessed Land Value: $175,700
  • Assessed Improvements Value: $321,000

    Sales

  • Current Sale Contract Date: Apr 29, 2022
  • Current Sale Recording Date: Apr 29, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 635846
  • Previous Sale Recording Date: Dec 07, 2017
  • Previous Sale Contract Date: Dec 06, 2017
  • Previous Sale Amount: $320,000
  • 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:

$598,000

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2704 ft²

Average Home Age

97.1 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72945845

Frequently Asked Questions

When was property at 264 Chestnut Street built and last sold?
The property at 264 Chestnut Street was built in 1830 and last sold on Apr 29, 2022 for $540,000.
How much is this home worth?
The estimated value of the home located at 264 Chestnut Street is $478,110.
What are some comparable homes to 264 Chestnut Street?
There are currently no comparable homes to 264 Chestnut Street.
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