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Lynnfield 01940
281 Chestnut Street
$749,900
● House - Off Market

281 Chestnut Street

Lynnfield, MA 01940
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,472 Ft²
$1,420,426
RealtyHop Estimate
89.42%
Since Sep 1, 2013
MA-Boston
Primary Model

About This Property

Prestigious John Burnham Colonial Estate nestled upon a tree lined drive leading to an impressive Colonial, rich & filled with period details & character & only 23 mins. North of Boston.  This 1.44 acre estate is filled with lush perennial gardens that come alive with every season. Spacious 4 bedrooms with central air, 6 fireplaces, gleaming, level wood floors, high ceilings, large closets, 2.5 baths, 2 car garage with loft, separate barn with 3 horse stalls & tack room.
Unit Size
2,472 Ft²
Days on Market
-
Land Size
1.44 acres
Price per sqft
$303
Property Type
House
Property Taxes
$723
HOA Dues
-
Year Built
1793

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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: 6 months ago (MLSPIN #71520396)

Price History

Date / Event Date Event Price
Aug 2, 2013 Sold
Premium
Sold
May 5, 2013 Listed by Northrup Associates $749,900
Listed by Northrup Associates
Jun 15, 1993 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1793
  • Effective Year Built: 1793
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 27
  • Exterior Walls Type: 18
  • 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: 936
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 62,652
  • Total Building Area: 2,863
  • Gross Building Area: 4,604
  • Building Area: 2,863
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,863
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001438
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lynnfield School District
  • School Tax School District: LYNNFIELD SD
  • Census Tract: 209200

Zoning

  • Zoning: RC

Geography

  • District: 164
  • Parcel: LYNF M:0023 B:0000 L:0211
  • Lot: 211
  • Municipality: LYNNFIELD
  • Latitude: 42.5442
  • Longitude: -71.0612

    Address

  • Full Address: 281 Chestnut St
  • Address - House Number: 281
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C003
  • 4-Digit Zip Code: 2408
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,139,000

    Appraisal Valuation

  • Standard Deviation: 0.171
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 1,217,206
  • High Value: 1,425,136
  • Low Value: 1,009,277

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,083,700
  • Assessed Land Value: $621,300
  • Assessed Improvements Value: $462,400

    Sales

  • Current Sale Recording Date: Aug 02, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 262
  • Previous Sale Recording Date: Jun 15, 1993
  • Previous Sale Amount: $350,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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 Lynnfield

Stats & Trends

Median Asking:

$1,024,500

Sale Price/ft²

$402

Below Asking

0.02%

Average Days on Market

56

Average Home Size

3748 ft²

Average Home Age

38.2 years

Currently For Sale

21 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

Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$3,120 /mo

  • 1 Bed
  • 1 Bath
  • 843 ft²
200 Quannapowitt Parkway #A5aP, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 71520396

Frequently Asked Questions

When was property at 281 Chestnut Street built and last sold?
The property at 281 Chestnut Street was built in 1793 and last sold on Jan 1, 1970 for $749,900.
How much is this home worth?
The estimated value of the home located at 281 Chestnut Street is $772,027.
What are some comparable homes to 281 Chestnut Street?
There are currently no comparable homes to 281 Chestnut Street.
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