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Lynn 01905
590 Walnut Street
$350,000
● House - Off Market

590 Walnut Street

Lynn, MA 01905
bedrooms
3 Beds
bathrooms
1 Bath
square feet
800 Ft²
$425,311
RealtyHop Estimate
28.92%
Since Nov 1, 2020
MA-Boston
Primary Model

About This Property

SAUGUS LINE.....Adorable and Affordable!  This well-loved home has been maintained by the same family for many years.  It offers an eat-in country kitchen accessible  to large heated bonus room which can be used as a den, office or room of your choice.  Three bedrooms on second floor.  Sliders to heated sunroom. Sparkling hardwood floors recently refinished.  Newer vinyl siding.   Roof 5 years. One car garage with additional attached work space.   Driveway can accommodate 5+ cars. Abuts conservation land.  Lynn Woods Reservation up the street. Short distance to major highways. Great value and perfect as a condo alternative. Bring your personal touch and creative ideas and make this home your very own.  Controlled Showings. FOLLOW MA COVID-19 GUIDELINES
Unit Size
800 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$412
Property Type
House
Property Taxes
$303
HOA Dues
-
Year Built
1850

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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: 5 years ago (MLSPIN #72713370)

Price History

Date / Event Date Event Price
Oct 30, 2020 Sold
Premium
Sold
Aug 20, 2020 Listed by Cameron Real Estate Group $329,900
Listed by Cameron Real Estate Group
May 4, 1984 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1850
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 0
  • 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: 400
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,360
  • Total Building Area: 700
  • Gross Building Area: 1,409
  • Building Area: 700
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 700
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000123
  • 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:007 B:370 L:009
  • Block: 370
  • Lot: 9
  • Municipality: LYNN
  • Latitude: 42.4739
  • Longitude: -70.9905

    Address

  • Full Address: 590 Walnut St
  • Address - House Number: 590
  • Address - Street Name: Walnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C007
  • 4-Digit Zip Code: 1038
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $388,900

    Appraisal Valuation

  • Standard Deviation: 0.1875
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 54
  • Final Value: 461,171
  • High Value: 605,369
  • Low Value: 316,974

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $369,300
  • Assessed Land Value: $191,100
  • Assessed Improvements Value: $178,200

    Sales

  • Current Sale Contract Date: Oct 22, 2020
  • Current Sale Recording Date: Oct 30, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20201030008550
  • Previous Sale Recording Date: May 04, 1984
  • Previous Sale Amount: $51,000
  • 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:

$597,900

Sale Price/ft²

$374

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2533 ft²

Average Home Age

96.5 years

Currently For Sale

163 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: 5 years ago
Data Source: MLS PIN, MLS# 72713370

Frequently Asked Questions

When was property at 590 Walnut Street built and last sold?
The property at 590 Walnut Street was built in 1850 and last sold on Oct 22, 2020 for $350,000.
How much is this home worth?
The estimated value of the home located at 590 Walnut Street is $0.
What are some comparable homes to 590 Walnut Street?
There are currently no comparable homes to 590 Walnut Street.
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