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Lynn 01905
538 Walnut Street
$359,900
● House - Off Market

538 Walnut Street

Lynn, MA 01905
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,490 Ft²
$537,541
RealtyHop Estimate
49.36%
Since Jan 1, 2019
MA-Boston
Primary Model

About This Property

Master bedroom on first floor.  Nice fenced in yard.  Huge den with gas stove.  "State of Art" heating system - 5 yrs. old.  House is deceiving,  All good size rooms.  Close to shopping, transportation and schools.
Unit Size
1,490 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$242
Property Type
House
Property Taxes
$384
HOA Dues
-
Year Built
1920

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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: 4 months ago (MLSPIN #72413456)

Price History

Date / Event Date Event Price
Dec 10, 2018 Sold
Premium
Sold
Oct 20, 2018 Listed by Connor Real Estate $359,900
Listed by Connor Real Estate
May 18, 2016 Sold
Premium
Sold
Mar 11, 2016 Listed by Connor Real Estate $299,000
Listed by Connor Real Estate

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 896
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,000
  • Total Building Area: 1,490
  • Gross Building Area: 3,432
  • Building Area: 1,490
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,490
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EA ALDWORTH
  • Land Acres: 0000000115
  • 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: 205600

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:024 B:366 L:003
  • Block: 366
  • Lot: 3
  • Municipality: LYNN
  • Latitude: 42.4735
  • Longitude: -70.9877

    Address

  • Full Address: 538 Walnut St
  • Address - House Number: 538
  • Address - Street Name: Walnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C007
  • 4-Digit Zip Code: 1013
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $540,300

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 591,996
  • High Value: 700,557
  • Low Value: 483,436

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $513,100
  • Assessed Land Value: $189,100
  • Assessed Improvements Value: $324,000

    Sales

  • Current Sale Contract Date: Dec 10, 2018
  • Current Sale Recording Date: Dec 10, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20181210002430
  • Previous Sale Recording Date: May 18, 2016
  • Previous Sale Amount: $303,500
  • 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:

$599,000

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

59

Average Home Size

2697 ft²

Average Home Age

97 years

Currently For Sale

156 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72413456

Frequently Asked Questions

When was property at 538 Walnut Street built and last sold?
The property at 538 Walnut Street was built in 1920 and last sold on Dec 10, 2018 for $359,900.
How much is this home worth?
The estimated value of the home located at 538 Walnut Street is $372,376.
What are some comparable homes to 538 Walnut Street?
There are currently no comparable homes to 538 Walnut Street.
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