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Lynn 01902
414 Chestnut St
$310,000
● House - Off Market

414 Chestnut St

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,186 Ft²
$467,991
RealtyHop Estimate
56.05%
Since Aug 1, 2017
MA-Boston
Primary Model

About This Property

First showings at Open House on Sunday, June 11, from 1 to 2:30 pm. Offers, if any, due by 5 pm on Monday, June 12.    Move-in-ready colonial with lots of space, parking, and two-car garage. Small fenced in yard with raised beds is ready for your green thumb and summer BBQs. Finished basement offers more possibilities with a half-bath and two finished rooms. Three bedrooms on the second floor, gleaming hardwood floors on the first floor and large eat-in kitchen in addition to the dining room. First floor laundry off kitchen. Walking distance to Lynn English and Keaney Park.
Unit Size
1,186 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$253
Property Type
House
Property Taxes
$277
HOA Dues
-
Year Built
1900

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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 #72177308)

Price History

Date / Event Date Event Price
Jul 31, 2017 Sold
Premium
Sold
Jun 6, 2017 Listed by Martel Real Estate $299,900
Listed by Martel Real Estate
Jun 30, 2014 Sold
Premium
Sold
Feb 2, 2014 Listed by Martel Real Estate $199,900
Listed by Martel Real Estate
Apr 26, 2010 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 544
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,054
  • Total Building Area: 1,186
  • Gross Building Area: 1,957
  • Building Area: 1,186
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,186
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000093
  • 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:696 L:023
  • Block: 696
  • Lot: 23
  • Municipality: LYNN
  • Latitude: 42.4748
  • Longitude: -70.9453

    Address

  • Full Address: 414 Chestnut St
  • Address - House Number: 414
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C040
  • 4-Digit Zip Code: 2745
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $477,200

    Appraisal Valuation

  • Standard Deviation: 0.1895
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 75
  • Final Value: 509,303
  • High Value: 605,769
  • Low Value: 412,838

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $453,200
  • Assessed Land Value: $168,600
  • Assessed Improvements Value: $284,600

    Sales

  • Current Sale Recording Date: Jul 31, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 312
  • Previous Sale Recording Date: Jun 30, 2014
  • Previous Sale Amount: $195,000
  • 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

2700 ft²

Average Home Age

96.7 years

Currently For Sale

157 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# 72177308

Frequently Asked Questions

When was property at 414 Chestnut Street built and last sold?
The property at 414 Chestnut Street was built in 1900 and last sold on Jan 1, 1970 for $310,000.
How much is this home worth?
The estimated value of the home located at 414 Chestnut Street is $310,353.
What are some comparable homes to 414 Chestnut Street?
There are currently no comparable homes to 414 Chestnut Street.
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