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Lynnfield 01940
495 Chestnut St
$670,000
● House - Off Market

495 Chestnut St

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,136 Ft²
$876,020
RealtyHop Estimate
27.89%
Since Dec 1, 2020
MA-Boston
Primary Model

About This Property

Looking for an opportunity to live on one of Lynnfield's most charming streets, set back on a 1.39 acre lot with plenty of privacy?  This home has had more than $62,000 in renovations in the main living area.  New windows, walls and ceilings with PERFECT gleaming hardwood floors though out the main living area.  This home needs someone to make it their family home and is being sold "As Is".  There are 2 working fireplaces, central air, septic system installed in 1999.  The Oil burner is 6 years old and the lower level has a family room with a fireplace, bathroom, laundry and could be a place for extended family with it's own private entrance.
Unit Size
2,136 Ft²
Days on Market
-
Land Size
1.39 acres
Price per sqft
$321
Property Type
House
Property Taxes
$755
HOA Dues
-
Year Built
1965

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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: 6 months ago (MLSPIN #72708248)

Price History

Date / Event Date Event Price
Nov 23, 2020 Sold
Premium
Sold
Aug 12, 2020 Listed by Coldwell Banker Realty - Lynnfield $685,000
Listed by Coldwell Banker Realty - Lynnfield

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 3
  • Basement Area: 2,880
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 60,435
  • Total Building Area: 2,708
  • Gross Building Area: 4,136
  • Building Area: 2,708
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,708
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001387
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lynnfield School District
  • School Tax School District: LYNNFIELD SD
  • Census Tract: 209200

Zoning

  • Zoning: RC

Geography

  • District: 164
  • Parcel: LYNF M:0015 B:0000 L:0886
  • Lot: 886
  • Municipality: LYNNFIELD
  • Latitude: 42.5527
  • Longitude: -71.0625

    Address

  • Full Address: 495 Chestnut St
  • Address - House Number: 495
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C003
  • 4-Digit Zip Code: 1654
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $999,700

    Appraisal Valuation

  • Standard Deviation: 0.1704
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 78
  • Final Value: 974,613
  • High Value: 1,140,501
  • Low Value: 808,726

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $951,200
  • Assessed Land Value: $632,900
  • Assessed Improvements Value: $318,300

    Sales

  • Current Sale Contract Date: Nov 20, 2020
  • Current Sale Recording Date: Nov 23, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 618940
  • Previous Sale Recording Date: Jan 25, 2007
  • Previous Sale Document Type: 48
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 Lynnfield

Stats & Trends

Median Asking:

$1,000,000

Sale Price/ft²

$402

Below Asking

0.02%

Average Days on Market

56

Average Home Size

3561 ft²

Average Home Age

40.1 years

Currently For Sale

18 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

Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$3,780 /mo

  • 2 Beds
  • 2 Baths
  • 1,096 ft²
200 Quannapowitt Parkway #B1A-G2B, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 72708248

Frequently Asked Questions

When was property at 495 Chestnut Street built and last sold?
The property at 495 Chestnut Street was built in 1965 and last sold on Nov 20, 2020 for $670,000.
How much is this home worth?
The estimated value of the home located at 495 Chestnut Street is $708,145.
What are some comparable homes to 495 Chestnut Street?
There are currently no comparable homes to 495 Chestnut Street.
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