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Lynnfield 01940
353 Chestnut St.
$565,000
● House - Off Market

353 Chestnut St.

Lynnfield, MA 01940
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,150 Ft²
$1,046,130
RealtyHop Estimate
71.50%
Since Apr 1, 2016
MA-Boston
Primary Model

About This Property

Don't miss this great opportunity to own on one of Lynnfield's most desirable streets. Close to all the amenities that this lovely town has to offer.  This well maintained single family features 4 bedrooms with hardwood floors throughout. Brick fireplace in the living room, enclosed sun porch perfect for morning coffee, laundry room on the first floor, ample closet space.  Family room in the basement with ceramic tile flooring. Large fenced in backyard, 7 car parking, garage with 2 car driveway and separate lot for extra vehicles.
Unit Size
2,150 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$284
Property Type
House
Property Taxes
$593
HOA Dues
-
Year Built
1950

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 5 months ago (MLSPIN #71941854)

Price History

Date / Event Date Event Price
Mar 21, 2016 Sold
Premium
Sold
Dec 16, 2015 Listed by Blue Sky Realty $610,000
Listed by Blue Sky Realty
Oct 28, 2004 Sold
Premium
Sold
Oct 23, 2002 Sold
Premium
Sold
Jun 17, 2002 Listed by Northrup Associates $399,900
Listed by Northrup Associates
A DEFINITE "FIXER UPPER"...FANTASTIC LOCATION...SO SELLER PROPERTY DESCRIPTION AVAILABLE.

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 1,304
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 21,780
  • Total Building Area: 2,661
  • Gross Building Area: 4,540
  • Building Area: 2,661
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,661
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000500
  • 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:0019 B:0000 L:0882
  • Lot: 882
  • Municipality: LYNNFIELD
  • Latitude: 42.5474
  • Longitude: -71.0625

    Address

  • Full Address: 353 Chestnut St
  • Address - House Number: 353
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C003
  • 4-Digit Zip Code: 1603
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $813,900

    Appraisal Valuation

  • Standard Deviation: 0.1704
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 943,379
  • High Value: 1,103,950
  • Low Value: 782,807

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $774,400
  • Assessed Land Value: $536,900
  • Assessed Improvements Value: $237,500

    Sales

  • Current Sale Recording Date: Mar 21, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 352
  • Previous Sale Recording Date: Oct 28, 2004
  • Previous Sale Amount: $550,000
  • 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 Lynnfield

Stats & Trends

Median Asking:

$1,024,500

Sale Price/ft²

$402

Below Asking

0.02%

Average Days on Market

56

Average Home Size

3879 ft²

Average Home Age

42.2 years

Currently For Sale

19 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

$3,695 /mo

  • 2 Beds
  • 2 Baths
  • 1,236 ft²
200 Quannapowitt Parkway #B5B, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71941854

Frequently Asked Questions

When was property at 353 Chestnut Street built and last sold?
The property at 353 Chestnut Street was built in 1950 and last sold on Jan 1, 1970 for $565,000.
How much is this home worth?
The estimated value of the home located at 353 Chestnut Street is $627,675.
What are some comparable homes to 353 Chestnut Street?
There are currently no comparable homes to 353 Chestnut Street.
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