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5 Chase Ln #5 Lynn — Photo 1 of 28

5 Chase Ln #5 Lynn — Photo 1 of 28

$499,995

Investment Analysis — 5 Chase Ln #5

Lynn, MA 01902 — Diamond District

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 2-bedroom in 01902 carries an estimated $2,560/mo in gross rent — about a 2.91% cap rate and $14,567/yr in estimated NOI at the $499,995 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

2

Baths

2

SqFt

1,126

Style

Condominium

Built

1984

Don’t miss this stunning townhome located in Chase Estates, right in the heart of Lynn’s prestigious Diamond District within walking distance to the ocean. As you step in you will be greeted by a tiled foyer, leading into a spacious fireplaced (with a pellet stove insert) living room accented by gleaming hardwood floors throughout! The heart of the home is the sun-drenched kitchen, featuring stunning skylights and large windows that flood the space with natural light. Enjoy the modern kitchen furnished with stainless steel appliances, granite countertops, & ample cabinet space! On to the dining area, which leads to the new composite outdoor deck, perfect for enjoying morning coffee! Upstairs, you'll find the large primary bedroom & the 2nd bedroom, both featuring cathedral ceilings & double closets! 2nd floor also features a large full bath with a double sink & an over-sized walk-in rain head shower and a vanity. This home also features a large partially finished basement, perfect for a game room or a family room and a utility room with laundry equipment. Don't wait!

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Property Details

Financials

Original Price$499,995
Annual Taxes$4,460
HOA Fee$360

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms7
Fireplaces1
Flooring--
BasementY

Climate & Utilities

HeatingHeat Pump
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

Construction--
Roof--
Foundation--
ZoningR2

Property & Lot

Acres1.54
SqFt Lot67,252
Lot Features--

Neighborhood

Public Transportation

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bathroom 2
First
Living RoomDining RoomKitchenBathroom 1
Living Room
Lvl First
Dining Room
Lvl First
Kitchen
Lvl First
Primary Bedroom
Lvl Second
Bedroom 2
Lvl Second
Bathroom 1
Lvl First
Bathroom 2
Lvl Second
Listing Provided By

Listing Agent: Gene Zhitomirsky

Listing Office: Core Real Estate

MLS® Number: 73579960