NOT LISTED FOR SALE

14-16 Summit Ave Lynn, MA 01902

Eastern Avenue Neighborhood

Estimated Value: $835,000 - $1,034,000

8 Beds
3 Baths
2,831 Sq Ft
$317/Sq Ft Est. Value

Last Sold October 28, 2022

Last sale price $725,000 $256 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $5,359/month

115 Days on Market

Highlights

  • 0.22 Acre Lot
  • Property is near public transit
  • Porch
  • Deck
  • Wood Flooring
  • Level Lot

About This Home

As of October 2022

BACK ON THE MARKET!!!! INVESTORS!!!!!  OWNER OCCUPY live in 1 unit and rent the other and pay less than your rent!!! FIRST TIME ON THE MARKET SINCE 1980!!!  3 Stories 6 beds  with 2 Bonus Rooms,  3 Full bath  on .22 acres on the Lynn Swampscott line.  Walking distance to Kings Beach & Nahant Bay Recent updates include updated electrical panel, new roof, 75% newer windows, exterior painted with 1 year warranty, Water main to street replaced in 2017.  2 Boilers 9 years old.  Windows encapsulated fall 2021.  Unit #1 First Floor 2 beds 1 full bath Unit #2 Second & Third Floor 4 Beds 2 Full Baths & 2 Bonus Rooms.  Mostly hardwood floors throughout.

Last Agent to Sell the Property

Brochu Realty Group

Cameron Prestige, LLC Listed on: 06/02/2022

Co-Listed By

Louise Brochu

Cameron Prestige, LLC

Last Buyer's Agent

Rosa Martinez

Hacienda Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,734

Year Built

  • Built in 1900

Lot Details

  • 9,583 Sq Ft Lot
  • Level Lot

Home Design

  • Duplex
  • Stone Foundation
  • Shingle Roof

Interior Spaces

  • 2,831 Sq Ft Home
  • Property has 1 Level
  • Basement Fills Entire Space Under The House

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Parking

  • 3 Car Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Deck
  • Porch

Location

  • Property is near public transit

Utilities

  • No Cooling
  • Heating Available
  • Separate Meters

Community Details

  • 2 Units

Listing and Financial Details

  • Rent includes unit 1(water)
  • Assessor Parcel Number 1997781

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,734

Year Built

Built in 1900

Lot Details

9,583 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Up/Down
  • Year Built: 1900
  • Year Built Details: Renovated Since
  • SUB AGENCY OFFERED: Yes
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Vinyl,Hardwood
  • Interior Amenities: Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen,Family Room,Living RM/Dining RM Combo,Office/Den)
  • Fireplace YN: No
  • Appliances: Unit 1(Range), Unit 2(Range)
  • Total Bedrooms: 8
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full
  • Living Area: 2831
  • Stories Total: 3
  • MAIN LO: AN4281
  • MAIN SO: BB9790

Exterior Features

  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Deck - Wood
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront Features: Beach Front, 1 to 2 Mile To Beach
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Cooling: Unit 2(None)
  • Heating: Unit 1(Gas), Unit 2(Gas)
  • Cooling Y N: No
  • Electric: Individually Metered
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 2
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Highway Access
  • Rent Includes: Unit 1(Water)

Lot Info

  • Parcel Number: 1997781
  • Zoning: R1
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.22
  • Lot Size Sq Ft: 9583
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 7734

Multi Family

  • Number Of Units Total: 2
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: N
  • LEASE 1: N

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 1, 1980
Bought by
Kelly Charles J and Kelly Diane M
Current Estimated Value
$896,279
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Kelly Charles J $56,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kelly Charles J $289,000
Closed Kelly Charles J $185,000
Closed Kelly Charles J $30,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/28/2022 10/28/22 Sold $725,000 -2.0% $256 / Sq Ft
09/26/2022 09/26/22 Pending -- -- --
09/16/2022 09/16/22 For Sale $740,000 +2.1% $261 / Sq Ft
09/07/2022 09/07/22 Off Market $725,000 -- --
08/23/2022 08/23/22 For Sale $740,000 0.0% $261 / Sq Ft
06/08/2022 06/08/22 Pending -- -- --
06/02/2022 06/02/22 For Sale $740,000 -- $261 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $8,461 $816,677 $197,200 $619,477
2024 $7,710 $732,200 $185,500 $546,700
2023 $7,652 $686,300 $182,900 $503,400
2022 $7,734 $622,200 $154,900 $467,300
2021 $6,966 $534,600 $117,900 $416,700
2020 $6,516 $486,300 $115,100 $371,200
2019 $6,309 $441,200 $107,600 $333,600
2018 $6,027 $397,800 $115,900 $281,900
2017 $6,117 $392,100 $106,200 $285,900
2016 $5,645 $348,900 $96,000 $252,900
2015 $5,464 $326,200 $101,300 $224,900
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    Brochu Realty Group

    Cameron Prestige, LLC

  • Louise Brochu

    Seller Co-Listing Agent in 2022

    Louise Brochu

    Cameron Prestige, LLC

    (603) 854-0950

    1 in this area

    80 Total Sales

    Louise Brochu
    Section Image

  • R

    Buyer's Agent in 2022

    Rosa Martinez

    Hacienda Realty

    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72991582

MLS Property Information Network (MLS PIN)

APN: LYNN-000104-000429-000022

Massachusetts Essex County Lynn 01902 Eastern Avenue

14-16 Summit Ave, Lynn, MA

Not Listed for Sale

MultiFamily

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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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