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Lynn 01902
479 Chestnut St
$262,000
● House - Off Market

479 Chestnut St

Lynn, MA 01902
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,708 Ft²
$490,959
RealtyHop Estimate
78.60%
Since May 1, 2015
MA-Boston
Primary Model

About This Property

Large beautifully remodeled three bedroom home. This home has been totally renovated and features new siding,new porches,new electrical and much much more. Spacious brand new kitchen features new cabinets,granite counter tops and stainless steel appliances.Good size yard and plenty of off street parking. Call today and be in by the holidays!!
Unit Size
1,708 Ft²
Days on Market
-
Land Size
0.10 acres
Price per sqft
$161
Property Type
House
Property Taxes
$241
HOA Dues
-
Year Built
1915

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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 #71779085)

Price History

Date / Event Date Event Price
Apr 24, 2015 Sold
Premium
Sold
Dec 29, 2014 Listed by Clements Realty Group $274,900
Listed by Clements Realty Group
Jun 12, 2014 Sold
Premium
Sold
May 13, 2014 Listed by Clements Realty Group $189,900
Listed by Clements Realty Group

Property Highlights

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • 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: 913
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,568
  • Total Building Area: 1,501
  • Gross Building Area: 2,618
  • Building Area: 1,501
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,501
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000105
  • 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: 205200

Zoning

  • Zoning: R1

Geography

  • Parcel: LYNN M:085 B:486 L:015
  • Block: 486
  • Lot: 15
  • Municipality: LYNN
  • Latitude: 42.4765
  • Longitude: -70.9474

    Address

  • Full Address: 479 Chestnut St
  • Address - House Number: 479
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C040
  • 4-Digit Zip Code: 2723
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $551,600

    Appraisal Valuation

  • Standard Deviation: 0.1837
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 586,831
  • High Value: 694,583
  • Low Value: 479,079

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $523,800
  • Assessed Land Value: $171,200
  • Assessed Improvements Value: $352,600

    Sales

  • Current Sale Recording Date: Apr 24, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 42400235
  • Previous Sale Recording Date: Jun 12, 2014
  • Previous Sale Amount: $161,000
  • 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:

$595,000

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

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# 71779085

Frequently Asked Questions

When was property at 479 Chestnut Street built and last sold?
The property at 479 Chestnut Street was built in 1915 and last sold on Jan 1, 1970 for $262,000.
How much is this home worth?
The estimated value of the home located at 479 Chestnut Street is $293,101.
What are some comparable homes to 479 Chestnut Street?
There are currently no comparable homes to 479 Chestnut Street.
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