574 Chestnut Street

Lynn, MA 01904

$830,000
Last Sold Price
9
Beds
4
Baths
4,300 Sq. Ft.
$193 / Sq. Ft.
4,300
Sq. Ft.
$193
per Sq. Ft.

Description

Welcome to this very large turn key 4 Family building in ward 1 of Lynn. Units 1, 2 and 3 have been issued letter of compliances. Building has been well taken care of and has very good tenants. Currently has two units vacant, which is unit 2 a two bedroom on first floor. This unit would be great for an owner occupied unit. Unit 1 is a one bedroom in a lease collecting $1,350. Unit 3 is collecting $1500. Unit 4 is a three bedroom and is vacant. Plenty of parking in drive way and behind building. Offers...Welcome to this very large turn key 4 Family building in ward 1 of Lynn. Units 1, 2 and 3 have been issued letter of compliances. Building has been well taken care of and has very good tenants. Currently has two units vacant, which is unit 2 a two bedroom on first floor. This unit would be great for an owner occupied unit. Unit 1 is a one bedroom in a lease collecting $1,350. Unit 3 is collecting $1500. Unit 4 is a three bedroom and is vacant. Plenty of parking in drive way and behind building. Offers are due Tues 9/7/21 at 5pm.
  1. Listed by Carmen Vega • Rey Realty Group
  2. Listed by Felix Gutierrez • Rey Realty Group

Property Details for 574 Chestnut Street

Town
Lynn
Area
MA-Lynn
Garage Spaces
0
Parking Spaces
8.00
Parking Spaces Total
8

Location

Listing Courtesy of Rey Realty Group, Carmen Vega; Rey Realty Group, Felix Gutierrez

Sold By Hacienda Realty, Rosa Martinez

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LISTING UPDATED: 08/06/2022 07:41 AM

Property Details for 574 Chestnut Street

StatusSold
MLS #72842003
Days on Market45
Taxes$10,351 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 4 Family
Year Built1920
CountyEssex County

Location

Listing Courtesy of Rey Realty Group, Carmen Vega; Rey Realty Group, Felix Gutierrez

Sold By Hacienda Realty, Rosa Martinez

Add your commute

Building Information for 574 Chestnut Street

Stories7Residences4Year Built1920Building Size-Lot Size0.10 AC / 4,346 SF

Payment Calculator

$5,392 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,530

Property Taxes

$863

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 574 Chestnut Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Current Financing: Conv. Fixed
  • Living Area: 4300.0
  • Total Units: 4
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full
  • Num of Baths: 4.0
  • Num of Full Baths: 4
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 4.00
  • Bathrooms Total Integer: 4
  • FireplaceYN: No
  • Fireplaces: 0
Exterior Features
  • Lot Description: Corner Lot
  • Waterfront Features: Beach Front, 1 to 2 Mile To Beach
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive
  • Open Parking: Yes
  • Parking Features: Paved Drive
Utilities
  • Heating: Other
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Disclosures: Need signed Release form.
Tax Information
  • Tax ID: M:085 B:250 L:018,1992669
  • Assessments: $794,400
  • Book: 35057
  • Tax Year: 2021
  • Zoning: R2
Building / Association Information
Living Characteristics
  • Beds Total: 9
  • Total Living Levels: 7
Other Building Characteristics
  • Foundation: Stone
Income / Expenses
  • GOI: $78,000.00
  • NOI: $78,000.00
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: N
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 2
  • Lease U3: Y
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 3
  • Lease U4: N
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $3,150.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 1

Property History for 574 Chestnut Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 574 Chestnut Street

Taxable ValueLand$185,900Additions$890,700Total$1,076,600
Tax Record2024$11,337 ($945 / month)
Home Facts
Baths4Total Finished SqFt4,300 SqFtAbove Grade Finished SqFt4,300 SqFtUnfinished Basement SqFt1,436 SqFtStories3Lot Size4,346 SqFtStyleMulti-Family Res (5+ Units)Year Built1920Year Renovated1966ZoningR2CountyESSEXAPNLYNN M:085 B:250 L:018

Schools near 574 Chestnut Street

This home is within Lynn School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - K to 5
Public - 6 to 8
Public - 6 to 12
Rating
School
Distance
Edward A. Sisson Elementary School
PublicPK to 5

William R Fallon
PublicK to 5

Pickering Middle School
Public6 to 8

Fecteau-Leary Junior/Senior High School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Rey Realty Group, Carmen Vega; Rey Realty Group, Felix Gutierrez

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.