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Lynn 01902
340 Chestnut St
$195,000
● House - Off Market

340 Chestnut St

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,400 Ft²
$362,812
RealtyHop Estimate
82.32%
Since Oct 1, 2014
MA-Boston
Primary Model

About This Property

This Victorian style single family is the perfect starter home! It consists of 6 Rms/3 Bdrms/1 Full Bath and features an open floor concept with lots of natural light, dining room, living room, hardwood floors, good sized bedrooms, partially finished basement, large fenced-in yard with a 16 x 32 in-ground pool,  driveway that will fit two cars & more! In-ground pool is not opened at this time, it needs to be re-cleaned and opened, but works fine!   ****** ***** .
Unit Size
1,400 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$142
Property Type
House
Property Taxes
$236
HOA Dues
-
Year Built
1910

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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 #71674256)

Price History

Date / Event Date Event Price
Sep 29, 2014 Sold
Premium
Sold
May 2, 2014 Listed by RE/MAX Trinity $199,000
Listed by RE/MAX Trinity
Sep 30, 2009 Sold
Premium
Sold
Jun 24, 2009 Listed by RE/MAX Trinity $173,000
Listed by RE/MAX Trinity

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 11
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 920
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,822
  • Total Building Area: 1,365
  • Gross Building Area: 2,444
  • Building Area: 1,365
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,365
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000111
  • 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:705 L:003
  • Block: 705
  • Lot: 3
  • Municipality: LYNN
  • Latitude: 42.4738
  • Longitude: -70.9424

    Address

  • Full Address: 340 Chestnut St
  • Address - House Number: 340
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C040
  • 4-Digit Zip Code: 2755
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $474,000
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1816
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 76
  • Final Value: 541,294
  • High Value: 639,640
  • Low Value: 442,948

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $450,100
  • Assessed Land Value: $172,400
  • Assessed Improvements Value: $277,700

    Sales

  • Current Sale Recording Date: Sep 29, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 92900453
  • Previous Sale Recording Date: Sep 30, 2009
  • Previous Sale Amount: $170,000
  • 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:

$599,000

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2697 ft²

Average Home Age

97 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# 71674256

Frequently Asked Questions

When was property at 340 Chestnut Street built and last sold?
The property at 340 Chestnut Street was built in 1910 and last sold on Jan 1, 1970 for $195,000.
How much is this home worth?
The estimated value of the home located at 340 Chestnut Street is $217,443.
What are some comparable homes to 340 Chestnut Street?
There are currently no comparable homes to 340 Chestnut Street.
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