NOT LISTED FOR SALE

12 Spring Rd Lynn, MA 01902

Victory Road Neighborhood

Estimated Value: $774,000 - $799,216

5 Beds
2 Baths
2,184 Sq Ft
$361/Sq Ft Est. Value

Last Sold December 29, 2017

Last sale price $413,500 $189 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $5,007/month

43 Days on Market

About This Home

As of December 2017

LOCATION, LOCATION, LOCATION! This affordable 2-family home gives a lovely country-like feel! Perfect for 1st-time home buyer looking to live with some rental income! Unit 1 offers 2 bedrooms with potential for a 3rd! Also features kitchen, living room and washer/dryer hookup! Unit 2 features good size kitchen with eat-in area, living room and 3 spacious bedrooms with washer/dryer in unit. Large deck off the kitchen over looking HUGE YARD! Plenty of parking space- driveway can easily fit 6+ cars! 1 gas heating system for both units.

Last Agent to Sell the Property

Madelyn Garcia

Madelyn Garcia Real Estate Listed on: 10/27/2017

Last Buyer's Agent

Mostafa Elbadaoui

United Brokers

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,869

Year Built

1900

Lot Details

0

Listing Details

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

Interior Features

  • Has Basement: Yes
  • Fireplaces: 1
  • Number of Rooms: 9
  • Amenities: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Public School
  • Electric: Circuit Breakers
  • Energy: Insulated Windows
  • Flooring: Tile, Vinyl
  • Basement: Full
  • Full Bathrooms: 2
  • Total Levels: 2
  • Main Lo: BB3163
  • Main So: BB9067
  • Estimated Sq Ft: 2184.00

Exterior Features

  • Construction: Other (See Remarks), Frame
  • Exterior: Vinyl
  • Exterior Features: Deck - Wood
  • Foundation: Other (See Remarks)

Garage/Parking

  • Parking: Off-Street, Paved Driveway
  • Parking Spaces: 6

Utilities

  • Hot Water: Natural Gas
  • Sewer: City/Town Sewer

Condo/Co-op/Association

  • Total Units: 2

Schools

  • Elementary School: Born
  • Middle School: Pickering

Lot Info

  • Assessor Parcel Number: M:107 B:405 L:057
  • Zoning: R1
  • Acre: 0.37
  • Lot Size: 15999.00

Multi Family

  • Total Bedrooms: 5
  • Total Fireplaces: 1
  • Total Floors: 3
  • Total Full Baths: 2
  • Total Levels: 2
  • Total Rms: 9
  • Multi Family Type: 2 Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2017
Closed on
Dec 29, 2017
Sold by
Duarte Mariha
Bought by
Sanchez Jose A and Sanchez Olga L
Seller's Agent
Madelyn Garcia
Madelyn Garcia Real Estate
Buyer's Agent
Mostafa Elbadaoui
United Brokers
List Price
$419,000
Sold Price
$413,500
Premium/Discount to List
-$5,500
-1.31%
Current Estimated Value
$787,804

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$374,304
Avg. Annual Appreciation
8.94%
Original Mortgage
$406,009
Outstanding Balance
$343,611
Interest Rate
3.87%
Mortgage Type
FHA
Estimated Equity
$444,193

Purchase Details

Closed on
Mar 29, 2016
Sold by
Duarte Wanderley and Duarte Mariha
Bought by
Duarte Mariha

Purchase Details

Closed on
Jun 28, 2001
Sold by
Stearns Joseph
Bought by
Duarte Wanderley and Duarte Mariha

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$194,500
Interest Rate
7.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 15, 1999
Sold by
Young William
Bought by
Bankers Trust Co Calif

Purchase Details

Closed on
May 22, 1996
Sold by
Fhlmc
Bought by
Kaya Mehmeet

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
8.01%
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
Sanchez Jose A $413,500 --
Duarte Mariha -- --
Duarte Mariha -- --
Duarte Wanderley $205,000 --
Duarte Wanderley $205,000 --
Bankers Trust Co Calif $133,529 --
Bankers Trust Co Calif $133,529 --
Kaya Mehmeet $80,000 --
Kaya Mehmeet $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sanchez Jose A $28,105
Closed Sanchez Jose A $5,875
Open Sanchez Jose A $406,009
Closed Sanchez Jose A $406,009
Previous Owner Duarte Mariha $227,513
Previous Owner Kaya Mehmeet $194,500
Previous Owner Kaya Mehmeet $64,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/29/2017 12/29/17 Sold $413,500 -1.3% $189 / Sq Ft
12/09/2017 12/09/17 Pending -- -- --
12/08/2017 12/08/17 For Sale $419,000 0.0% $192 / Sq Ft
11/22/2017 11/22/17 Pending -- -- --
11/13/2017 11/13/17 Price Changed $419,000 -2.5% $192 / Sq Ft
10/27/2017 10/27/17 For Sale $429,900 -- $197 / 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 $7,869 $759,561 $211,400 $548,161
2024 $7,443 $706,800 $198,800 $508,000
2023 $7,466 $669,600 $196,100 $473,500
2022 $7,448 $599,200 $159,100 $440,100
2021 $6,888 $528,600 $134,800 $393,800
2020 $6,483 $483,800 $131,700 $352,100
2019 $6,302 $440,700 $123,100 $317,600
2018 $6,102 $402,800 $132,600 $270,200
2017 $5,597 $358,800 $109,600 $249,200
2016 $5,362 $331,400 $110,000 $221,400
2015 $5,156 $307,800 $110,000 $197,800
Source: Public Records

Agents Affiliated with this Home

  • Madelyn Garcia

    Seller's Agent in 2017

    Madelyn Garcia

    Madelyn Garcia Real Estate

    (617) 319-3980

    96 Total Sales

    Madelyn Garcia
    Section Image
  • Mostafa Elbadaoui

    Buyer's Agent in 2017

    Mostafa Elbadaoui

    United Brokers

    (617) 429-3516

    33 Total Sales

    Mostafa Elbadaoui
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72248471

MLS Property Information Network (MLS PIN)

APN: LYNN-000107-000405-000057

Massachusetts Essex County Lynn 01902 Victory Road

12 Spring Rd, Lynn, MA

This home is located at 12 Spring Rd, Lynn, MA 01902 since 27 October 2017 and is currently estimated at $787,804, approximately $360 per square foot. This property was built in 1900. 12 Spring Rd is a home located in Essex County with nearby schools including Aborn Elementary School, William R. Fallon School, and Marshall Middle School.

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