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Lynn 01902
499 Chestnut St
$440,000
● House - Off Market

499 Chestnut St

Lynn, MA 01902
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,215 Ft²
$465,810
RealtyHop Estimate
16.48%
Since Jun 1, 2021
MA-Boston
Primary Model

About This Property

Great Find for this conveniently located 5 Room 2 Bedroom Colonial with potential to expand in Partially finished basement. Move right in to this beautifully remodeled home. Recent improvements include, Large eat in kitchen with new stainless steel appliances and granite counters, refinished hardwood floors, Vinyl replacement windows, remodeled bath, 200 amp circuit breakers, remodeled sun room with wainscoting, wood vinyl flooring, and slider to 10' X 19' deck and large level yard ,New Heat and Central Air. Nothing left to do but enjoy. Showings start Open House Sunday 4/25  from 12-2 Offers due by Wednesday 4/28 at 5:00 P.M See attached floor plans .
Unit Size
1,215 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$329
Property Type
House
Property Taxes
$373
HOA Dues
-
Year Built
1910

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 5 years ago (MLSPIN #72819134)

Price History

Date / Event Date Event Price
May 19, 2021 Sold
Premium
Sold
Apr 22, 2021 Listed by eXp Realty $399,900
Listed by eXp Realty
May 20, 2019 Sold
Premium
Sold
Oct 12, 1988 Sold
Premium
Sold

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 810
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,023
  • Total Building Area: 1,215
  • Gross Building Area: 2,488
  • Building Area: 1,215
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,215
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000161
  • 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:485 L:020
  • Block: 485
  • Lot: 20
  • Municipality: LYNN
  • Latitude: 42.4771
  • Longitude: -70.948

    Address

  • Full Address: 499 Chestnut St
  • Address - House Number: 499
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C040
  • 4-Digit Zip Code: 2744
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $491,400
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.2387
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 66
  • Final Value: 536,600
  • High Value: 664,735
  • Low Value: 408,464

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $466,700
  • Assessed Land Value: $165,000
  • Assessed Improvements Value: $301,700

    Sales

  • Current Sale Contract Date: May 18, 2021
  • Current Sale Recording Date: May 19, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210519004830
  • Previous Sale Recording Date: May 20, 2019
  • Previous Sale Contract Date: May 20, 2019
  • Previous Sale Amount: $270,000
  • 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: 5 years ago
Data Source: MLS PIN, MLS# 72819134

Frequently Asked Questions

When was property at 499 Chestnut Street built and last sold?
The property at 499 Chestnut Street was built in 1910 and last sold on May 18, 2021 for $440,000.
How much is this home worth?
The estimated value of the home located at 499 Chestnut Street is $410,240.
What are some comparable homes to 499 Chestnut Street?
There are currently no comparable homes to 499 Chestnut Street.
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