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Lynn 01905
656 Walnut
$345,000
● House - Off Market

656 Walnut

Lynn, MA 01905
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,923 Ft²
$645,540
RealtyHop Estimate
84.49%
Since Apr 1, 2014
MA-Boston
Primary Model

About This Property

Check out this 4 bed rooms brick built Single Family Tudor Cape with an attached garage.  Check out the new eat-in kitchen cabinets with green granite counter top.  Check out as well the laundry area with green granite counter top as service area.  Back door leads to deck, huge private back yard and 2 car detached garage.  Open staircase goes upstairs to 3 bedrooms and 2nd full bathroom.  Family room in the basement has bar set up and cozy fireplace. Gas furnace is new and house has two zones.  Electric is 200 amps, roof is new as is the two detached car garage.  Plenty of storage space in the unfinished side of the basement.  Come and visit; the home is ready for you to move in and won't have to do a thing to it....
Unit Size
1,923 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$182
Property Type
House
Property Taxes
$484
HOA Dues
-
Year Built
1947

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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: 4 months ago (MLSPIN #71611309)

Price History

Date / Event Date Event Price
Mar 3, 2014 Sold
Premium
Sold
Nov 24, 2013 Listed by Salvatore Lo Brutto $349,900
Listed by Salvatore Lo Brutto
Jul 30, 2010 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 12
  • 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: 972
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,554
  • Total Building Area: 1,923
  • Gross Building Area: 3,856
  • Building Area: 1,923
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,923
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000357
  • 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:377 L:009
  • Block: 377
  • Lot: 9
  • Municipality: LYNN
  • Latitude: 42.474
  • Longitude: -70.9934

    Address

  • Full Address: 656 Walnut St
  • Address - House Number: 656
  • Address - Street Name: Walnut
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C007
  • 4-Digit Zip Code: 1039
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $739,000
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.2124
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 71
  • Final Value: 684,758
  • High Value: 830,237
  • Low Value: 539,280

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $701,800
  • Assessed Land Value: $227,200
  • Assessed Improvements Value: $474,600

    Sales

  • Current Sale Recording Date: Mar 03, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 182
  • Previous Sale Recording Date: Jul 30, 2010
  • Previous Sale Amount: $150,000
  • 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71611309

Frequently Asked Questions

When was property at 656 Walnut Street built and last sold?
The property at 656 Walnut Street was built in 1947 and last sold on Jan 1, 1970 for $345,000.
How much is this home worth?
The estimated value of the home located at 656 Walnut Street is $368,644.
What are some comparable homes to 656 Walnut Street?
There are currently no comparable homes to 656 Walnut Street.
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