628 Chestnut Street

Lynn, MA 01904

$793,000
Last Sold Price
8
Beds
8
Baths
1
1/2 Bath
5,248 Sq. Ft.
$151 / Sq. Ft.
5,248
Sq. Ft.
$151
per Sq. Ft.

Description

Need a rental Investment in good location convenient to major routes and right on the bus line near Flax Pond??? Brick building built in 1963 having less than 3 year old high efficiency heating system, hardwood flooring throughout, and coin op washer and dryer in the basement! Why wait? Make your appointment now to come and see this money maker.Need a rental Investment in good location convenient to major routes and right on the bus line near Flax Pond??? Brick building built in 1963 having less than 3 year old high efficiency heating system, hardwood flooring throughout, and coin op washer and dryer in the basement! Why wait? Make your appointment now to come and see this money maker.
  1. Listed by Stephen Martel • Martel Real Estate
  2. Listed by Vanessa Dollins • Martel Real Estate

Property Details for 628 Chestnut Street

Town
Lynn
Area
MA-Lynn
Style
Garden
Garage Spaces
0
Parking Spaces
6.00
Parking Spaces Total
6

Location

Listing Courtesy of Martel Real Estate, Stephen Martel; Martel Real Estate, Vanessa Dollins

Sold By Premier Homes Real Estate, George M. Megaloudis

Add your commute
LISTING UPDATED: 08/06/2022 06:10 AM

Property Details for 628 Chestnut Street

StatusSold
MLS #71803543
Days on Market127
Taxes$7,414 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 5-9 Family
Year Built1963
CountyEssex County

Location

Listing Courtesy of Martel Real Estate, Stephen Martel; Martel Real Estate, Vanessa Dollins

Sold By Premier Homes Real Estate, George M. Megaloudis

Add your commute

Building Information for 628 Chestnut Street

Stories7Residences8Year Built1963Building Size-Lot Size0.13 AC / 5,785 SF

Payment Calculator

$4,946 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,328

Property Taxes

$618

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 628 Chestnut Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Private School, Public School, Sidewalks
  • Current Financing: Conv. Fixed
  • Living Area: 5248.0
  • Color: brick
  • Total Units: 8
  • Property Condition: Unit 1 Remodeled
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Appliances: Washer, Dryer, Unit 1(Range, Refrigerator), Unit 2(Range, Unit 3(Range, Unit 4(Range, Gas Water Heater, Tankless Water Heater, Utility Connections for Gas Range, Utility Connections Varies per Unit
  • Basement Features: Full, Partially Finished, Walk Out, Interior Access, Concrete Floor
  • Num of Baths: 9.0
  • Num of Full Baths: 8
  • Num of Half Baths: 1
  • Bathrooms Total Decimal: 8.50
  • Bathrooms Total Integer: 9
  • FireplaceYN: No
  • Fireplaces: 0
  • Flooring: Wood, Unit 1(undefined), Unit 2(Hardwood Floors), Unit 3(Hardwood Floors), Unit 4(Hardwood Floors)
  • Interior Features: Unit 1(Upgraded Countertops, Bathroom With Tub & Shower), Unit 2(Bathroom With Tub & Shower), Unit 1 Rooms(Living Room, Kitchen), Unit 2 Rooms(Living Room, Unit 3 Rooms(Living Room, Unit 4 Rooms(Living Room
  • Laundry Features: Laundry Room
  • Window Features: Insulated Windows
Exterior Features
  • Construction: Brick
  • Exterior Features: Garden
  • Exterior Features: Garden Area
  • Lot Description: Easements
  • Roof Material: Shingle
  • Waterfront Features: Beach Front, Lake/Pond, Ocean, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Off-Street, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Paved Drive, Off-Street, Paved Driveway
  • Parking Features: Off-Street, Paved Driveway
Utilities
  • Cooling: None, Unit 1(None), Unit 2(None), Unit 3(None), Unit 4(None)
  • Cooling: No
  • Electric: Circuit Breakers, Individually Metered
  • Green Energy Efficient: Varies per Unit
  • Heating: Baseboard, Natural Gas, Unit 1(Hot Water Baseboard, Gas), Unit 2(Hot Water Baseboard, Unit 3(Hot Water Baseboard, Unit 4(Hot Water Baseboard
  • Heating: Yes
  • Sewage District: Lynn
  • Sewer: City/Town Sewer
  • Utility Connections: for Gas Range, Varies per Unit
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Road Frontage Type: Public
  • Road Responsibility: Public Maintained Road
  • Road Surface Type: Paved
Tax Information
  • Tax ID: M:072 B:247 L:020,1992559
  • Assessments: $442,600
  • Book: 22236
  • Tax Year: 2015
  • Zoning: R2
Building / Association Information
Living Characteristics
  • Beds Total: 8
  • Total Living Levels: 7
Other Building Characteristics
  • Foundation: Concrete Perimeter
  • Foundation Area: 1456.0
  • Frontage: 40.00
  • Cooling Units: 0
  • Cooling Zones: 0
  • Heat Units: 1
  • Heat Zones: 8
Income / Expenses
  • Electricity: $557.00
  • Annual Expenses Source: Owner
  • GOI: $86,100.00
  • Insurance: $4,411.00
  • GRE: $20,558
  • HTE: $4,900
  • MGF: $0
  • MSE: $7,414
  • RFS: $0
  • NOI: $65,542.00
  • Operating Expense: $20,558.00
  • WSE: $3,276.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 1
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 1
  • Lease U3: Y
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 2
  • Lease U4: Y
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $7,175.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 1

Property History for 628 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 628 Chestnut Street

Taxable ValueLand$193,700Additions$1,499,400Total$1,693,100
Tax Record2024$17,828 ($1,486 / month)
Home Facts
Baths8.5Total Finished SqFt5,248 SqFtAbove Grade Finished SqFt5,248 SqFtUnfinished Basement SqFt2,624 SqFtStories2Lot Size5,785 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningR2CountyESSEXAPNLYNN M:072 B:247 L:020

Schools near 628 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.

Similar Homes

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Similar Sold Homes

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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 Martel Real Estate, Stephen Martel; Martel Real Estate, Vanessa Dollins

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.