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Lynn 01905
422 Walnut Street
$440,000
● House - Off Market

422 Walnut Street

Lynn, MA 01905
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,498 Ft²
$595,245
RealtyHop Estimate
38.46%
Since May 1, 2020
MA-Boston
Primary Model

About This Property

Rare find. Young, nicely updated 3 bedroom 2.5 baths with attached garage. First floor offers new granite kitchen with island, breakfast bar and new stainless steel appliances, living room with Cathedral ceilings, bedroom, laundry and a full bath. Second floor offers two bedrooms with Cathedral ceilings and a large Jack and Jill bath with double sinks, quartz counter, shower stall and Jacuzzi tub. Finished lower level with additional bath and storage room. New, gleaming hardwood floors, new carpet, new roof. Set back from the street, close to schools and park. Easy access to Route 1 and Boston.
Unit Size
1,498 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$287
Property Type
House
Property Taxes
$442
HOA Dues
-
Year Built
1990

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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 #72636601)

Price History

Date / Event Date Event Price
Apr 24, 2020 Sold
Premium
Sold
Mar 20, 2020 Listed by PD Properties $429,900
Listed by PD Properties
Feb 5, 2020 Sold
Premium
Sold
Aug 3, 2019 Listed by PD Properties $375,000
Listed by PD Properties

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • 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: 988
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,365
  • Total Building Area: 1,498
  • Gross Building Area: 3,834
  • Building Area: 1,498
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,498
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000215
  • 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: 205600

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:023 B:353 L:147
  • Block: 353
  • Lot: 147
  • Municipality: LYNN
  • Latitude: 42.4717
  • Longitude: -70.9836

    Address

  • Full Address: 422 Walnut St
  • Address - House Number: 422
  • Address - Street Name: Walnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C007
  • 4-Digit Zip Code: 1068
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $582,800

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 618,833
  • High Value: 732,315
  • Low Value: 505,351

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $553,500
  • Assessed Land Value: $191,400
  • Assessed Improvements Value: $362,100

    Sales

  • Current Sale Contract Date: Apr 24, 2020
  • Current Sale Recording Date: Apr 24, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200424004210
  • Previous Sale Recording Date: Feb 05, 2020
  • Previous Sale Contract Date: Jan 25, 2020
  • Previous Sale Amount: $288,000
  • 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:

$597,900

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2523 ft²

Average Home Age

97.4 years

Currently For Sale

165 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# 72636601

Frequently Asked Questions

When was property at 422 Walnut Street built and last sold?
The property at 422 Walnut Street was built in 1990 and last sold on Apr 24, 2020 for $440,000.
How much is this home worth?
The estimated value of the home located at 422 Walnut Street is $436,891.
What are some comparable homes to 422 Walnut Street?
There are currently no comparable homes to 422 Walnut Street.
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