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Lynnfield 01940
60 Chestnut Street
$715,150
● House - Off Market

60 Chestnut Street

Lynnfield, MA 01940
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,235 Ft²
$884,665
RealtyHop Estimate
17.97%
Since May 1, 2021
MA-Boston
Primary Model

About This Property

A rare find.  Nestled on a picturesque wooded lot, this custom built 3BR colonial is waiting for you to make it your new home! Large windows throughout & skylights in the kitchen provide ample natural light. Large closets upstairs in the bedrooms. The living room has beamed ceilings with access to a sun room/family room with wood ceiling. There are fireplaces in the living room and the master bedroom. The dining room has custom built-in cabinets. There's an extra room on the first floor perfect for a home office. Hardwood floors upstairs.  Large extra bonus yard located in the rear of the property. New 3BR septic system just installed.
Unit Size
2,235 Ft²
Days on Market
-
Land Size
0.85 acres
Price per sqft
$336
Property Type
House
Property Taxes
$676
HOA Dues
-
Year Built
1920

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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 #72784491)

Price History

Date / Event Date Event Price
Apr 28, 2021 Sold
Premium
Sold
Feb 10, 2021 Listed by Barrett, Chris. J., REALTORS® $749,900
Listed by Barrett, Chris. J., REALTORS®

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,313
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 36,969
  • Lot Size Frontage Feet: 0
  • Total Building Area: 2,324
  • Gross Building Area: 3,721
  • Building Area: 2,324
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,324
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000849
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lynnfield School District
  • School Tax School District: LYNNFIELD SD
  • Census Tract: 209200

Zoning

  • Zoning: RB

Geography

  • District: 164
  • Parcel: LYNF M:0028 B:0000 L:0392
  • Lot: 392
  • Municipality: LYNNFIELD
  • Latitude: 42.537
  • Longitude: -71.0573

    Address

  • Full Address: 60 Chestnut St
  • Address - House Number: 60
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynnfield
  • Carrier Code: C003
  • 4-Digit Zip Code: 2532
  • Zip Code: 01940

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $954,400

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 94
  • Final Value: 577,655
  • High Value: 624,034
  • Low Value: 531,276

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $908,100
  • Assessed Land Value: $553,100
  • Assessed Improvements Value: $355,000

    Sales

  • Current Sale Contract Date: Apr 27, 2021
  • Current Sale Recording Date: Apr 28, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210428003160
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 Lynnfield

Stats & Trends

Median Asking:

$999,995

Sale Price/ft²

$402

Below Asking

0.02%

Average Days on Market

56

Average Home Size

3715 ft²

Average Home Age

47.9 years

Currently For Sale

23 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

Unit for rent at 200 Quannapowitt Parkway, Wakefield, MA, 01880

$3,805 /mo

  • 2 Beds
  • 2 Baths
  • 1,116 ft²
200 Quannapowitt Parkway #B7B, Wakefield, MA, 01880 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72784491

Frequently Asked Questions

When was property at 60 Chestnut Street built and last sold?
The property at 60 Chestnut Street was built in 1920 and last sold on Apr 27, 2021 for $715,150.
How much is this home worth?
The estimated value of the home located at 60 Chestnut Street is $771,371.
What are some comparable homes to 60 Chestnut Street?
There are currently no comparable homes to 60 Chestnut Street.
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