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Lynn 01904
629 Chestnut St
Photo of 629 Chestnut St
Sold on Sep 18, 2009

1

Map

$180,000
● House - Off Market

629 Chestnut St

Lynn, MA 01904
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,372 Ft²
$335,029
RealtyHop Estimate
106.94%
Since Oct 1, 2009
MA-Boston
Primary Model

About This Property

Bank-owned!! Solid three bedroom colonial with relaxing cathedral style family room and 1 1/2 baths. Located in Ward 1 near Flax Pond and Wyoma Sq. priced to sell! All offers require a pre-approval from seller's bank, plus free appraisal and credit report. Allow 2-3 business days to respond to offers.
Unit Size
1,372 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$118
Property Type
House
Property Taxes
$240
HOA Dues
-
Year Built
1935

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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 months ago (MLSPIN #70949096)

Price History

Date / Event Date Event Price
Sep 18, 2009 Sold
Premium
Sold
Jul 17, 2009 Listed $161,900
Listed
Apr 16, 1996 Sold
Premium
Sold
Dec 19, 1995 Listed $72,920
Listed
FANNIEMAE - SUPER FOR 1ST TIME BUYER - 3 BEDROOM COLONIAL FOR LOW PRICE. - CALL FOR DETAILS ON SPECIAL FINANCING.

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • 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: 692
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,116
  • Total Building Area: 1,372
  • Gross Building Area: 2,220
  • Building Area: 1,372
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,372
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN 41
  • Land Acres: 0000000094
  • 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: R2

Geography

  • Parcel: LYNN M:072 B:174 L:033
  • Block: 174
  • Lot: 33
  • Municipality: LYNN
  • Latitude: 42.4792
  • Longitude: -70.9537

    Address

  • Full Address: 629 Chestnut St
  • Address - House Number: 629
  • Address - Street Name: Chestnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C045
  • 4-Digit Zip Code: 2639
  • Zip Code: 01904

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $482,800

    Appraisal Valuation

  • Standard Deviation: 0.1831
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 546,280
  • High Value: 646,321
  • Low Value: 446,238

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $458,500
  • Assessed Land Value: $184,200
  • Assessed Improvements Value: $274,300

    Sales

  • Current Sale Recording Date: Sep 18, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Aug 25, 2009
  • Previous Sale Amount: $119,000
  • Previous Sale Document Type: 34
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:

$594,986

Sale Price/ft²

$373

Below Asking

0.01%

Average Days on Market

60

Average Home Size

2447 ft²

Average Home Age

97.8 years

Currently For Sale

162 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 months ago
Data Source: MLS PIN, MLS# 70949096

Frequently Asked Questions

When was property at 629 Chestnut Street built and last sold?
The property at 629 Chestnut Street was built in 1935 and last sold on Jan 1, 1970 for $180,000.
How much is this home worth?
The estimated value of the home located at 629 Chestnut Street is $178,919.
What are some comparable homes to 629 Chestnut Street?
There are currently no comparable homes to 629 Chestnut Street.
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