NOT LISTED FOR SALE

131 Lynnfield St Peabody, MA 01960

South Peabody Neighborhood

Estimated Value: $856,000 - $1,004,000

6 Beds
3 Baths
3,548 Sq Ft
$267/Sq Ft Est. Value

Last Sold January 09, 2017

Last sale price $450,000 $127 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $5,803/month

43 Days on Market

About This Home

As of January 2017

Very nicely situated multi-family investment on Lynnfield Street near Route 128, Route 1 and downtown Peabody. Commuter location close to the Lynnfield line. Each tenant pays their own utility bills. There are 4 electric meters and 3 hot water heaters. Heat for the 1st & 2nd floor units is steam by oil, 3rd floor is electric. Natural gas master manifold in place for 3 meters, shut-off at the street. Energy efficient double-pane thermal windows within 7-years of age. Both 1st & 2nd floor units have had kitchen & bathroom upgrades in the past 7 years. 3rd floor accessible inside 2nd floor unit and by common staircase creating options to maximize income. Opportunities for the 3rd floor is to create another living unit if allowed by the city, or expand to create a very large townhouse unit. 1st & 2nd floor tenants each currently at $1,200 monthly which is far below market value.

Last Agent to Sell the Property

Brian DApice

The Mega Group Listed on: 05/16/2016

Last Buyer's Agent

Michael Quilty

Return Realty Group, Inc.

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,137

Year Built

1920

Lot Details

0

Listing Details

  • Lot Description: Easements
  • Property Type: Multi-family
  • Other Agent: 2.00
  • Lead Paint: Unknown
  • Year Round: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1920

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 0
  • Amenities: Public Transportation, Shopping, Highway Access
  • Electric: Circuit Breakers
  • Energy: Insulated Windows
  • Flooring: Wood, Tile, Wall to Wall Carpet, Other (See Remarks)
  • Basement: Full

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles
  • Construction: Frame
  • Exterior: Aluminum
  • Exterior Features: Porch
  • Foundation: Fieldstone

Garage/Parking

  • Parking: Off-Street, Tandem
  • Parking Spaces: 6

Utilities

  • Heat Zones: 3
  • Hot Water: Electric
  • Utility Connections: for Gas Range, for Electric Range, for Electric Dryer, Washer Hookup, Varies per Unit
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 2

Lot Info

  • Zoning: GB
  • Lot: 013

Multi Family

  • Heat Units: 3
  • Total Bedrooms: 6
  • Total Full Baths: 3
  • Total Levels: 3
  • Total Rms: 14
  • Total Rent_1: 2400

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 30, 2021
Sold by
Silveira Stephany and Daluz Hayllison
Bought by
Silveira Stephany
Current Estimated Value
$947,888

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$555,847
Outstanding Balance
$510,858
Interest Rate
2.9%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$454,260
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
Silveira Stephany -- None Available
Silveira Stephany -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Silveira Stephany $555,847
Closed Silveira Stephany $555,847
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/09/2017 01/09/17 Sold $450,000 +2.3% $127 / Sq Ft
06/28/2016 06/28/16 Pending -- -- --
06/14/2016 06/14/16 For Sale $439,999 0.0% $124 / Sq Ft
05/28/2016 05/28/16 Pending -- -- --
05/16/2016 05/16/16 For Sale $439,999 0.0% $124 / Sq Ft
11/22/2013 11/22/13 Rented $1,200 0.0% --
11/22/2013 11/22/13 For Rent $1,200 -- --
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 $8,137 $878,700 $198,800 $679,900
2024 $8,370 $917,800 $198,800 $719,000
2023 $7,218 $758,200 $177,500 $580,700
2022 $7,096 $702,600 $158,500 $544,100
2021 $6,189 $590,000 $144,100 $445,900
2020 $6,020 $560,500 $144,100 $416,400
2019 $5,999 $544,900 $144,100 $400,800
2018 $5,117 $446,500 $131,000 $315,500
Source: Public Records

Agents Affiliated with this Home

  • Brian DApice

    Seller's Agent in 2017

    Brian DApice

    The Mega Group

    (978) 922-6400

    1 in this area

    10 Total Sales

    Brian DApice
    Section Image

  • M

    Buyer's Agent in 2017

    Michael Quilty

    Return Realty Group, Inc.

    Section Image

  • V

    Seller's Agent in 2013

    Virginia Carson

    Tache Real Estate, Inc.

    (845) 235-7465

    10 Total Sales

    Virginia Carson
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72006251

MLS Property Information Network (MLS PIN)

APN: 101-013A

Massachusetts Essex County Peabody 01960 South Peabody

131 Lynnfield St, Peabody, MA

This home is located at 131 Lynnfield St, Peabody, MA 01960 since 16 May 2016 and is currently estimated at $947,888, approximately $267 per square foot. This property was built in 1920. 131 Lynnfield St is a home located in Essex County with nearby schools including Peabody Veterans Memorial High School and St John The Baptist 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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