NOT LISTED FOR SALE

116 Franklin St Unit 118 Lynn, MA 01902

Central Lynn Neighborhood

Estimated Value: $840,352 - $974,000

9 Beds
3 Baths
3,717 Sq Ft
$246/Sq Ft Est. Value

Last Sold June 30, 2016

Last sale price $460,000 $124 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $5,770/month

16 Days on Market

About This Home

As of June 2016

Great and solid standard 3 family with lead paint compliance for all units, separate utilities, garage and off street parking, new rubber roof, and vinyl siding. Unique property fully equipped with sprinkler system. Fully tenanted with section 8 programs on all units. One unit could be delivered vacant for the owner occupant buyer.

Last Agent to Sell the Property

Jose Reyes

Re-yes Real Estate Listed on: 04/11/2016

Last Buyer's Agent

Laura Gunn

Toner Real Estate, LLC

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,677

Year Built

1900

Lot Details

0

Listing Details

  • Lot Description: Paved Drive
  • Property Type: Multi-family
  • Other Agent: 2.00
  • Lead Paint: Certified Treated
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1900

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 15
  • Amenities: Public Transportation, Shopping, Tennis Court, Walk/Jog Trails, Golf Course, Medical Facility, Laundromat, Public School
  • Electric: 110 Volts, Circuit Breakers
  • Energy: Insulated Windows, Insulated Doors
  • Flooring: Wood, Vinyl
  • Basement: Full, Interior Access
  • Total Levels: 3

Exterior Features

  • Roof: Rubber
  • Construction: Frame
  • Exterior: Vinyl
  • Exterior Features: Porch
  • Foundation: Fieldstone
  • Beach: Ocean
  • Beach Ownership: Public

Garage/Parking

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

Utilities

  • Heat Zones: 3
  • Hot Water: Natural Gas, Tank
  • Utility Connections: for Gas Range
  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Sewage District: Lynn

Condo/Co-op/Association

  • Total Units: 3

Lot Info

  • Assessor Parcel Number: M:054 B:719 L:008
  • Zoning: R4

Multi Family

  • Foundation: 999
  • Heat Units: 3
  • Total Bedrooms: 9
  • Total Floors: 6
  • Total Full Baths: 3
  • Total Levels: 3
  • Total Rms: 15
  • Total Rent_1: 3900

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 11, 2016
Closed on
Jun 30, 2016
Sold by
Lugo Maria
Bought by
Okwukaogu Ujunwa
Seller's Agent
Jose Reyes
Re-yes Real Estate
Buyer's Agent
Laura Gunn
Toner Real Estate, LLC
List Price
$499,900
Sold Price
$460,000
Premium/Discount to List
-$39,900
-7.98%
Current Estimated Value
$913,838

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$453,838
Avg. Annual Appreciation
7.84%
Original Mortgage
$451,668
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Jun 26, 2001
Sold by
Aretusi Remo and Aretusi Frances P
Bought by
Lugo Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$229,593
Interest Rate
7.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 5, 1998
Sold by
Dolimpio Louis
Bought by
Aretusi Remo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,000
Interest Rate
7.05%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Okwukaogu Ujunwa $460,000 --
Lugo Maria $254,900 --
Aretusi Remo $55,955 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Okwukaogu Ujunwa $417,683
Closed Okwukaogu Ujunwa $451,668
Previous Owner Aretusi Remo $278,400
Previous Owner Aretusi Remo $34,800
Previous Owner Aretusi Remo $229,593
Previous Owner Aretusi Remo $87,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2016 06/30/16 Sold $460,000 -8.0% $124 / Sq Ft
04/27/2016 04/27/16 Pending -- -- --
04/11/2016 04/11/16 For Sale $499,900 -- $134 / 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 $8,677 $837,500 $186,400 $651,100
2024 $8,677 $824,000 $179,800 $644,200
2023 $8,002 $717,700 $141,700 $576,000
2022 $8,009 $644,300 $128,000 $516,300
2021 $7,615 $584,400 $113,500 $470,900
2020 $7,243 $540,500 $106,900 $433,600
2019 $6,917 $483,700 $90,300 $393,400
2018 $6,427 $424,200 $89,500 $334,700
2017 $6,140 $393,600 $78,700 $314,900
2016 $5,305 $327,900 $59,200 $268,700
2015 $4,819 $287,700 $56,300 $231,400
Source: Public Records

Agents Affiliated with this Home

  • Jose Reyes

    Seller's Agent in 2016

    Jose Reyes

    Re-yes Real Estate

    (781) 883-8300

    1 in this area

    35 Total Sales

    Jose Reyes
    Section Image

  • L

    Buyer's Agent in 2016

    Laura Gunn

    Toner Real Estate, LLC

    (781) 838-0954

    37 Total Sales

    Laura Gunn
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71986826

MLS Property Information Network (MLS PIN)

APN: LYNN-000054-000719-000008

Massachusetts Essex County Lynn 01902 Central Lynn

116 Franklin St Unit 118, Lynn, MA

This home is located at 116 Franklin St Unit 118, Lynn, MA 01902 since 11 April 2016 and is currently estimated at $913,838, approximately $245 per square foot. This property was built in 1900. 116 Franklin St Unit 118 is a home located in Essex County with nearby schools including Cobbet Elementary School, William R. Fallon School, and Fecteau-Leary Junior/Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. 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. 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.

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