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Saugus 01906 Lynnhurst
497 Walnut St
$460,000
● House - Off Market

497 Walnut St

Saugus, MA 01906
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,488 Ft²
$666,782
RealtyHop Estimate
38.94%
Since Apr 1, 2020
MA-Boston
Primary Model

About This Property

Don't miss this charming ranch on a corner lot. This 3 bedrooms 1.5 bathroom is ready for the new owners. The beautifully renovated kitchen features granite counter tops and stainless steel appliances. Spacious living room and dinning room, hardwood floors throughout. Conveniently located to major highways. Nothing to do but unpack. Come see this amazing home.
Unit Size
1,488 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$323
Property Type
House
Property Taxes
$381
HOA Dues
-
Year Built
1945

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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 #72620806)

Price History

Date / Event Date Event Price
Mar 30, 2020 Sold
Premium
Sold
Feb 18, 2020 Listed by Madelyn Garcia Real Estate $479,900
Listed by Madelyn Garcia Real Estate
Oct 22, 2019 Sold
Premium
Sold
May 21, 2019 Listed by Madelyn Garcia Real Estate $429,900
Listed by Madelyn Garcia Real Estate
Jul 13, 2018 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 2
  • Basement Area: 1,012
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,201
  • Total Building Area: 1,488
  • Gross Building Area: 3,072
  • Building Area: 1,488
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,488
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000119
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Saugus School District
  • School Tax School District: SAUGUS SD
  • Census Tract: 208302

Zoning

  • Zoning: NA

Geography

  • Account Number: 1130003
  • Parcel: SAUG M:011-G B:0008 L:0008
  • Block: 8
  • Lot: 8
  • Municipality: SAUGUS
  • Latitude: 42.4753
  • Longitude: -70.9973

    Address

  • Full Address: 497 Walnut St
  • Address - House Number: 497
  • Address - Street Name: Walnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Saugus
  • Carrier Code: C024
  • 4-Digit Zip Code: 1440
  • Zip Code: 01906

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $555,300

    Appraisal Valuation

  • Standard Deviation: 0.1756
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 77
  • Final Value: 606,341
  • High Value: 712,859
  • Low Value: 499,822

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $521,400
  • Assessed Land Value: $255,600
  • Assessed Improvements Value: $265,800

    Sales

  • Current Sale Contract Date: Mar 20, 2020
  • Current Sale Recording Date: Mar 30, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20200330003730
  • Previous Sale Recording Date: Oct 22, 2019
  • Previous Sale Contract Date: Oct 21, 2019
  • Previous Sale Amount: $426,000
  • 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 Lynnhurst

Stats & Trends

Median Asking:

$629,900

Sale Price/ft²

$404

Below Asking

0.01%

Average Days on Market

59

Average Home Size

3475 ft²

Average Home Age

39.3 years

Currently For Sale

9 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72620806

Frequently Asked Questions

When was property at 497 Walnut Street built and last sold?
The property at 497 Walnut Street was built in 1945 and last sold on Mar 20, 2020 for $460,000.
How much is this home worth?
The estimated value of the home located at 497 Walnut Street is $485,300.
What are some comparable homes to 497 Walnut Street?
There are currently no comparable homes to 497 Walnut Street.
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