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Lynn 01902
41 Chestnut Street
$272,000
● House - Off Market

41 Chestnut Street

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,080 Ft²
$474,511
RealtyHop Estimate
75.81%
Since Jan 1, 2016
MA-Boston
Primary Model

About This Property

LOCATION,LOCATION! LYNN/SWAMSCOTT LINE/DIAMOND DISTRICT / BEACH! RENOVATED OVER SIZED CAPE WITH GARAGE ATTACHED -OPEN CONCEPT FLOOR PLAN WITH HARDWOOD FLOORS THRU OUT, 3-4 BEDROOMS, 8 LARGE ROOMS, NICE LARGE LEVEL YARD  - HUGE FAMILY ROOM ON MAIN LEVEL PLUS PARTIALLY FINISHED BASEMENT (1 ROOM) GAZEBO DECK  & SO MUCH MORE!    JUST PACK YOUR BAGS AND MOVE IN!                **** OPEN HOUSE!!!!    SUNDAY, OCTOBER 18, 2015 2:00 TO 3:30PM****************
Unit Size
2,080 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$130
Property Type
House
Property Taxes
$342
HOA Dues
-
Year Built
1948

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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 #71902886)

Price History

Date / Event Date Event Price
Dec 16, 2015 Sold
Premium
Sold
Sep 11, 2015 Listed by Century 21 North Shore $269,900
Listed by Century 21 North Shore
Aug 6, 2015 Sold
Premium
Sold
Aug 26, 2012 Listed by Victoria Laws $79,900
Listed by Victoria Laws
Cute Single great for contractor - home has structural issues- cash or reno loan only
Aug 29, 2005 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • 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: 960
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,262
  • Total Building Area: 1,680
  • Gross Building Area: 3,454
  • Building Area: 1,680
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,680
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000121
  • 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: 206700

Zoning

  • Zoning: R4

Geography

  • Parcel: LYNN M:094 B:519 L:043
  • Block: 519
  • Lot: 43
  • Municipality: LYNN
  • Latitude: 42.4658
  • Longitude: -70.9347

    Address

  • Full Address: 41 Chestnut St
  • Address - House Number: 41
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C051
  • 4-Digit Zip Code: 3040
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $529,100

    Appraisal Valuation

  • Standard Deviation: 0.1895
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 554,275
  • High Value: 659,258
  • Low Value: 449,291

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $502,500
  • Assessed Land Value: $175,000
  • Assessed Improvements Value: $327,500

    Sales

  • Current Sale Recording Date: Dec 16, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 208
  • Previous Sale Recording Date: Aug 06, 2015
  • Previous Sale Amount: $149,900
  • 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:

$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# 71902886

Frequently Asked Questions

When was property at 41 Chestnut Street built and last sold?
The property at 41 Chestnut Street was built in 1948 and last sold on Jan 1, 1970 for $272,000.
How much is this home worth?
The estimated value of the home located at 41 Chestnut Street is $300,619.
What are some comparable homes to 41 Chestnut Street?
There are currently no comparable homes to 41 Chestnut Street.
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