429 Chestnut Street
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 4, 2021 | Sold | ||
| Sold | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Sep 7, 2021 | Listed by Senné | $735,000 | |
| Listed by Senné | |||
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Nothing to do but move into this updated Cape on the corner of Alderney Way. Beautiful front to back living room with stone fireplace. New kitchen with all stainless appliances and floor to ceiling cabinets. Open concept dining area with slider to 3 season porch. Hardwood throughout. Andersen windows. Updated baths. Ceiling height to be envious of! Converted to gas and installed new heating system and on demand hot water combo. Freshly painted inside and out. Perfect as it is but has potential for expansion. Don't miss this opportunity to move into Lynnfield!
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| Aug 27, 2021 | In contract | - | |
| In contract | |||
| Aug 19, 2021 | Listed by Northrup Associates | $699,900 | |
| Listed by Northrup Associates | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017