NOT LISTED FOR SALE

Estimated Value: $652,000 - $831,000

4 Beds
2 Baths
2,008 Sq Ft
$374/Sq Ft Est. Value

Last Sold November 21, 2018

Last sale price $460,000 $229 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $4,536/month

50 Days on Market

About This Home

As of November 2018

BACK ON THE MARKET! Buyer lost his financing a week before closing. Property has successfully been through inspection. Grab this opportunity! It went contingent the first week on market. Two family located on a quiet street close to public transportation, coffee shops, and downtown Lynn. Both units have large eat-in kitchens, two spacious bedrooms, and a laundry hook up. One car detached brick garage with 4-6 additional off street parking spots. Lots of possibilities in a quiet neighborhood near the Saugus River. Enjoy this extremely convenient location yourself and rent the other unit or have an investment property in this flourishing area!

Last Agent to Sell the Property

Tony Wright

Redfin Corp. License #454005457 Listed on: 08/06/2018

Co-Listed By

Allister Booth

Redfin Corp. License #449592276

Last Buyer's Agent

Alma Pacheco

Metropolis Realty, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,189

Year Built

  • Built in 1900

Lot Details

  • 4,356

Parking

  • 1 Car Garage

Additional Features

  • Enclosed Patio or Porch
  • Natural Gas Water Heater
  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:019 B:301 L:006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,189

Year Built

Built in 1900

Lot Details

0

Parking

1

Listing Details

  • Property Type: Multi-family
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 203.69
  • Comp Based On: Gross/Full Sale Price
  • Year Built: 1900
  • Lead Paint: Unknown
  • Levels: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Total Flrs: 3
  • No Bedrooms: 4
  • Total Brs: 4
  • Full Bathrooms: 2
  • Total Fbh: 2
  • No Rooms: 10
  • Basement: Y
  • Basement Features: Unfinished Basement
  • Main Lo: NB3534
  • Main So: AN1468
  • Estimated Sq Ft: 2008.00

Exterior Features

  • Beachfront Flag: Yes
  • Beach Miles To: 3/10 to 1/2 Mile
  • Exterior: Vinyl
  • Exterior Features: Porch, Porch - Enclosed, Patio
  • Foundation: Fieldstone

Garage/Parking

  • Parking Feature: Off-Street
  • Parking Spaces: 3
  • Garage Spaces: 1

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Heat Zones: 2
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping

Lot Info

  • Assessments: 305400.00
  • Acre: 0.10
  • Lot Size: 4278.00
  • Page: 312
  • Parcel Number: M:019 B:301 L:006
  • Zoning: R4
  • Lot Description: Paved Drive

Multi Family

  • Total Levels: 2
  • Total Rent: 1300
  • Total Rms: 10
  • No Units: 2
  • Mf Type: 2 Family

Tax Info

  • Taxes: 4627.00
  • Assessor Parcel Number: 1994186

Matterport 3D Tours

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2018
Closed on
Nov 21, 2018
Sold by
Mercurio Kaitlyn and Mercurio Salvatore
Bought by
Palacios-Gutierrez Hugo N and Palacios Maryra
Seller's Agent
Tony Wright
Redfin Corp.
Buyer's Agent
Alma Pacheco
Metropolis Realty, LLC
List Price
$409,000
Sold Price
$460,000
Premium/Discount to List
$51,000
12.47%
Current Estimated Value
$750,546

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$290,546
Avg. Annual Appreciation
7.20%
Original Mortgage
$451,668
Outstanding Balance
$403,486
Interest Rate
5.62%
Mortgage Type
FHA
Estimated Equity
$347,060

Purchase Details

Closed on
May 4, 2007
Sold by
Wieszeck James M and Radulski Walter T
Bought by
Mercurio Salvatore A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,550
Interest Rate
6.23%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Palacios-Gutierrez Hugo N $460,000 --
Mercurio Salvatore A $269,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palacios-Gutierrez Hugo N $451,668
Previous Owner Mercurio Salvatore A $228,000
Previous Owner Mercurio Salvatore A $255,550
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/21/2018 11/21/18 Sold $460,000 +12.5% $229 / Sq Ft
09/25/2018 09/25/18 Pending -- -- --
09/19/2018 09/19/18 For Sale $409,000 0.0% $204 / Sq Ft
08/15/2018 08/15/18 Pending -- -- --
08/06/2018 08/06/18 For Sale $409,000 -- $204 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,189 $693,891 $200,500 $493,391
2024 $6,754 $641,400 $184,200 $457,200
2023 $6,579 $590,000 $164,100 $425,900
2022 $6,839 $550,200 $154,300 $395,900
2021 $6,267 $481,000 $127,300 $353,700
2020 $5,656 $422,100 $106,300 $315,800
2019 $4,762 $333,000 $91,300 $241,700
2018 $4,627 $305,400 $99,800 $205,600
2017 $4,385 $281,100 $88,300 $192,800
2016 $4,131 $255,300 $83,600 $171,700
2015 $3,779 $225,600 $72,000 $153,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72374401

MLS Property Information Network (MLS PIN)

APN: LYNN-000019-000301-000006