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Burlington 01803 North Burlington
7 Chestnut Ave
$820,000
● House - Off Market

7 Chestnut Ave

Burlington, MA 01803
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,714 Ft²
$812,771
RealtyHop Estimate
1.61%
Since Jul 1, 2022
MA-Boston
Primary Model

About This Property

Hard to find oversized Ranch Home with 5 Bedrooms on 1 floor, 2 full baths up, sited on a beautiful corner lot with flowering Magnolia trees! This home boasts lots of space for the blended/extended family, featuring a very large L shaped country Kitchen with huge amount of cabinetry, first floor laundry 2 Gas fireplaces, Family Room w/sliders to wood deck and fenced yard.  L L  Partially finished with potential Game Room, Bedroom, Eating area and full Bath  Newer 4 zone FHW by Gas Lochinvar heating system, newer roof, irrigation system fed by well, central vacuum  system 2 wall AC units plus whole house fan for warm Summer nights. Additional 2 car parking under side carport .Buyers agent must accompany first showing!
Unit Size
2,714 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$295
Property Type
House
Property Taxes
$551
HOA Dues
-
Year Built
1941

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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 months ago (MLSPIN #72973451)

Price History

Date / Event Date Event Price
Jun 16, 2022 Sold
Premium
Sold
Apr 28, 2022 Listed by Coldwell Banker Realty - Lynnfield $799,900
Listed by Coldwell Banker Realty - Lynnfield
Sep 3, 1993 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1946
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 2,445
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 12

    Dimensions

  • Lot Size Square Feet: 20,094
  • Total Building Area: 2,714
  • Gross Building Area: 5,942
  • Building Area: 2,714
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,714
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000461
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Burlington School District
  • School Tax School District: BURLINGTON SD
  • Census Tract: 332100

Zoning

  • Zoning: RO

Geography

  • Parcel: BURL M:000016 P:000190
  • Municipality: BURLINGTON
  • Latitude: 42.5178
  • Longitude: -71.207

    Address

  • Full Address: 7 Chestnut Ave
  • Address - House Number: 7
  • Address - Street Name: Chestnut
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Burlington
  • Carrier Code: C025
  • 4-Digit Zip Code: 1740
  • Zip Code: 01803

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $691,300

    Appraisal Valuation

  • Standard Deviation: 0.155
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 900,417
  • High Value: 1,040,009
  • Low Value: 760,826

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $773,300
  • Assessed Land Value: $403,100
  • Assessed Improvements Value: $370,200

    Sales

  • Current Sale Contract Date: Jun 16, 2022
  • Current Sale Recording Date: Jun 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1916356
  • Previous Sale Recording Date: Sep 03, 1993
  • Previous Sale Amount: $30,000
  • Previous Sale Document Type: 43
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 North Burlington

Stats & Trends

Median Asking:

$884,950

Sale Price/ft²

$397

Below Asking

0.01%

Average Days on Market

50

Average Home Size

3758 ft²

Average Home Age

59.5 years

Currently For Sale

8 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 20 Corporate Drive, Burlington, MA, 01803

$3,810 /mo

  • 3 Beds
  • 2 Baths
  • 1,308 ft²
20 Corporate Drive #C2DHS, Burlington, MA, 01803 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72973451

Frequently Asked Questions

When was property at 7 Chestnut Avenue built and last sold?
The property at 7 Chestnut Avenue was built in 1941 and last sold on Jun 16, 2022 for $820,000.
How much is this home worth?
The estimated value of the home located at 7 Chestnut Avenue is $810,188.
What are some comparable homes to 7 Chestnut Avenue?
There are currently no comparable homes to 7 Chestnut Avenue.
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