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Lynn 01905
573 Walnut St
$425,000
● House - Off Market

573 Walnut St

Lynn, MA 01905
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,119 Ft²
$434,312
RealtyHop Estimate
12.81%
Since Dec 1, 2021
MA-Boston
Primary Model

About This Property

First-time home buyers or downsizers, come see this well-maintained home!  Located on the Saugus/Lynn line, this home boasts two bedrooms, a full bath, kitchen, living, and dining room all on the first level! All kitchen appliances are under 2 years old. Also, enjoy a recently added mudroom and back deck for your enjoyment. The second level is open to be designed into whatever suits your needs, a private office, a third bedroom, or a family room the possibilities are endless. Furnace, roof, siding, windows, and blown-in insulation are all 12 years old, water tank is 1 year old. Come see and make this your new home!
Unit Size
1,119 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$344
Property Type
House
Property Taxes
$333
HOA Dues
-
Year Built
1930

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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 #72896290)

Price History

Date / Event Date Event Price
Nov 3, 2021 Sold
Premium
Sold
Sep 16, 2021 Listed by United Brokers $385,000
Listed by United Brokers
Dec 16, 2004 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1968
  • 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: 3
  • 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: 660
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,600
  • Total Building Area: 1,119
  • Gross Building Area: 2,420
  • Building Area: 1,119
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,119
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: J EDNA SPRAGUE
  • Land Acres: 0000000106
  • 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:390 L:035
  • Block: 390
  • Lot: 35
  • Municipality: LYNN
  • Latitude: 42.4741
  • Longitude: -70.9895

    Address

  • Full Address: 573 Walnut St
  • Address - House Number: 573
  • Address - Street Name: Walnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C007
  • 4-Digit Zip Code: 1046
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $436,600
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1762
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 77
  • Final Value: 493,816
  • High Value: 580,839
  • Low Value: 406,792

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $414,600
  • Assessed Land Value: $186,900
  • Assessed Improvements Value: $227,700

    Sales

  • Current Sale Contract Date: Nov 03, 2021
  • Current Sale Recording Date: Nov 03, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20211103004420
  • Previous Sale Recording Date: Dec 16, 2004
  • Previous Sale Amount: $170,000
  • Previous Sale Document Type: 27
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

Click here to view more rentals in the neighborhood.
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72896290

Frequently Asked Questions

When was property at 573 Walnut Street built and last sold?
The property at 573 Walnut Street was built in 1930 and last sold on Nov 3, 2021 for $422,000.
How much is this home worth?
The estimated value of the home located at 573 Walnut Street is $0.
What are some comparable homes to 573 Walnut Street?
There are currently no comparable homes to 573 Walnut Street.
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