501 Chestnut St, Lynn MA 01902

Lynn, MA 01902
$800,000
Est. $4,258/month
4
Beds
2
Baths
1,792
Sq Ft
$446
Price/Sq Ft
0.10
Acres
1910
Year Built
2 Family - 2 Units Up/Down
Type
2
Days on Market
Closed Listed Sep 28, 2025 • MLS# 73351747

About this home

Open House Canceled ------- Check out this amazing opportunity to own a 2 Family for under $650k! Freshly painted & renovated, ready for you to move in or rent out & start collecting rental income! Brand new vinyl floors, kitchen cabinets, stainless steel appliances, freshly sanded & stained hardwood floors! Both are 2 bedroom units, large basement for extra storage, great sized yard, large driveway! All new windows, separate heating systems & water heaters. Why rent when you can own and have the bonus of rental coming in to help pay the mortgage! Close to everything!

Sale Statistics

Sale Overview
Original List Price: $639,900
Final Sale Price: $800,000
Difference: +$160,100 (+25.0%)
Performance Metrics
125.0%
List to Sale Ratio
Sold above asking price
2
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $357
Sale $/sq ft: $446
This property sold for $446 per square foot
Sale Summary

This property sold for 25.0% above the original asking price, indicating strong buyer demand.

With only 2 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
2 Family - 2 Units Up/Down
Property Category
Residential Income
Year Built
1910
Bedrooms
4
Full Bathrooms
2
Living Area
1,792 sq ft
Total Rooms
11
Stories
2
Levels
2

Interior Features

Flooring
Vinyl, Hardwood
Heating
Natural Gas
Has Heating
Yes
Has Fireplace
No
Appliances
Range, Refrigerator, Range Hood
Interior Features
Bathroom With Tub, Remodeled, Living Room, Dining Room, Kitchen
Laundry Features
Electric Dryer Hookup, Washer Hookup
Basement Details
Full, Walk-Out Access, Interior Entry, Dirt Floor, Unfinished
Window Features
Picture Window

Exterior & Structure

Construction Materials
Frame
Roof
Shingle
Foundation
Stone, Brick/Mortar
Exterior Features
Rain Gutters
Patio/Porch Features
Enclosed
Fencing
Fenced/Enclosed
Has Spa
No
Waterfront Features
Ocean, Direct Access, Walk to, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
Waterfront Property
No

Lot & Land

Lot Size
0.10 acres
Lot Size
4,522 sq ft
Lot Size Area
0.1000
Lot Features
Level
Road Frontage Type
Public

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
4
Parking Features
Paved Drive, Off Street, Paved

Utilities & Systems

Utilities Available
for Gas Range, for Electric Range, for Electric Dryer, Washer Hookup
Water Source
Public
Sewer
Public Sewer

Community & HOA

Senior Community
No

Financial & Tax Information

Annual Tax Amount
$6,594
Tax Year
2025
Tax Assessed Value
$636,487
Parcel Number
M:085 B:485 L:021,1999147
Zoning
R1

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Disclosures
Agent has a vested interest in property.

Location

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Neighborhood

501 Chestnut St, Lynn MA 01902

Lynn, MA 01902

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $550
Homeowners Insurance $200
PMI $0

Property History

Market Insights

20%
Price Range
3
Total Days on Market

Property Timeline

Sold
May 19, 2025
$800,000
Property sold
Days on Market: 3
🏠
Listed for Sale
Mar 28, 2025
$639,900
Original listing
Agent: Kevin McCafferty Office: RyVal Homes

Price & Status History

Date Event Price Change
Mar 28, 2025 New Listing Added $639,900

Market Statistics

Days on Market
2 days
Price per Sq Ft
$446

Tax History

Year Taxes Assessment
2025 $6,594 $636,487

Financial Details

Annual Property Tax
$6,594
Tax Year 2025
Assessed Value
$636,487

Listing Information

Listing Agent Kevin McCafferty
Listing Office RyVal Homes
Agent MLS ID B8000368
Office MLS ID AN3089

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