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Lynn 01902
284 Chestnut Street
$160,000
● House - Off Market

284 Chestnut Street

Lynn, MA 01902
bedrooms
2 Beds
bathrooms
1 Bath
square feet
677 Ft²
$275,048
RealtyHop Estimate
66.80%
Since Aug 1, 2016
MA-Boston
Primary Model

About This Property

Great starter/condo alternative.  Parking for 2 cars.  House sets in rear.  Nice fenced in side yard.  Good size rooms.  Over-sized shed for all kinds of storage.  Side deck off living room.  Very private yard.  Must see inside!
Unit Size
677 Ft²
Days on Market
-
Land Size
0.03 acres
Price per sqft
$244
Property Type
House
Property Taxes
$190
HOA Dues
-
Year Built
1848

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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 #71892962)

Price History

Date / Event Date Event Price
Jul 26, 2016 Sold
Premium
Sold
Aug 21, 2015 Listed by Connor Real Estate $164,900
Listed by Connor Real Estate
Oct 28, 2003 Sold
Premium
Sold
Jul 25, 2003 Listed by Connor Real Estate $159,900
Listed by Connor Real Estate
Jun 8, 1998 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1848
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • 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: 406
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,884
  • Total Building Area: 629
  • Gross Building Area: 1,373
  • Building Area: 629
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 629
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000066
  • 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:084 B:711 L:053
  • Block: 711
  • Lot: 53
  • Municipality: LYNN
  • Latitude: 42.4725
  • Longitude: -70.9409

    Address

  • Full Address: 284 Chestnut St
  • Address - House Number: 284
  • 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: $318,700
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1884
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 52
  • Final Value: 291,211
  • High Value: 386,568
  • Low Value: 195,853

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $302,700
  • Assessed Land Value: $146,600
  • Assessed Improvements Value: $156,100

    Sales

  • Current Sale Recording Date: Oct 28, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Jun 08, 1998
  • Previous Sale Amount: $30,000
  • 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:

$597,900

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2584 ft²

Average Home Age

96.9 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71892962

Frequently Asked Questions

When was property at 284 Chestnut Street built and last sold?
The property at 284 Chestnut Street was built in 1848 and last sold on Jan 1, 1970 for $150,000.
How much is this home worth?
The estimated value of the home located at 284 Chestnut Street is $170,289.
What are some comparable homes to 284 Chestnut Street?
There are currently no comparable homes to 284 Chestnut Street.
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