NOT LISTED FOR SALE

18 Cherry St Swampscott, MA 01907

Estimated Value: $904,000 - $1,093,000

6 Beds
3 Baths
3,643 Sq Ft
$282/Sq Ft Est. Value

Last Sold September 30, 2020

Last sale price $720,000 $198 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $6,047/month

25 Days on Market

Highlights

  • Wood Flooring
  • Swampscott High School Rated A-
  • Balcony

About This Home

As of September 2020

18-20 Cherry Street is a 2 family home near Swampscott Train Station. Around the corner from the "Antique Table" restaurant in Lynn, this multi-family has two main spacious 3 bedroom units. Both units (1st and 2nd floor) include hardwood floors, an open concept living area/dining room, a large kitchen with butlers' pantry, and 3 large bedrooms. The third floor is a 1 bedroom in-law apartment to the second floor but is currently being rented out separately. There are 7 parking spaces in all, with a two-bay detached garage. The full (unfinished) basement has room for storage, washer/dryer hookup, two electrical panels, two hot water heaters, and three separate heating systems. All units are currently occupied. 48 hour notice must be given for all showings. Due to COVID-19 regulations, masks must be worn and 'Social Distancing' must be practiced at all showings.

Last Agent to Sell the Property

Stephen Andrews

Boardwalk Properties Listed on: 06/15/2020

Co-Listed By

Dana Lothrop

William Raveis R.E. & Home Services License #454000751

Last Buyer's Agent

Lucien Nere

Pena Realty Corporation

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 5,227

Parking

  • 2 Car Garage

Additional Features

  • Wood Flooring
  • Balcony
  • Natural Gas Water Heater
  • Basement

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 199.01
  • Comp Based On: Net Sale Price
  • Year Built: 1900
  • Lead Paint: Unknown
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1900

Interior Features

  • Flooring: Hardwood
  • Total Flrs: 3
  • No Bedrooms: 6
  • Total Brs: 6
  • Full Bathrooms: 3
  • Total Fbh: 3
  • No Rooms: 13
  • Basement: Y
  • Basement Features: Full, Interior Access, Concrete Floor, Unfinished Basement
  • Main Lo: M59500
  • Main So: AN3959
  • Estimated Sq Ft: 3643.00

Exterior Features

  • Beachfront Flag: Yes
  • Beach Miles To: 3/10 to 1/2 Mile
  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Vinyl
  • Exterior Features: Balcony

Garage/Parking

  • Parking Feature: Off-Street
  • Parking Spaces: 7
  • Garage Spaces: 2

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric: 2000
  • Electric Features: Circuit Breakers
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Public School, T-Station

Lot Info

  • Assessments: 514600.00
  • Acre: 0.12
  • Lot Size: 5619.00
  • Page: 86
  • Zoning: A3
  • Lot Description: Corner

Multi Family

  • Total Levels: 2
  • Total Rms: 15
  • No Units: 2
  • Mf Type: 2 Family - 2 Units Up/Down

Tax Info

  • Taxes: 7358.78

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 21, 2024
Sold by
Saint-Paulin Melven and Saint-Paulin Paul Sabine
Bought by
Paul Sabine and Saint-Paulin Melven
Current Estimated Value
$1,026,025

Purchase Details

Listed on
Jun 15, 2020
Closed on
Sep 21, 2020
Sold by
Cherry St Properties Llc
Bought by
Paul Sabine and Sint-Paulin Melven
Seller's Agent
Stephen Andrews
Boardwalk Properties
Buyer's Agent
Lucien Nere
Pena Realty Corporation
List Price
$725,000
Sold Price
$720,000
Premium/Discount to List
-$5,000
-0.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.87%
Original Mortgage
$687,321
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Closed on
Nov 22, 2013
Sold by
Carnicelli Peter D
Bought by
Cherry St Props

Purchase Details

Closed on
May 18, 1979
Bought by
Cherry St Properties Llc
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
Paul Sabine -- None Available
Paul Sabine -- None Available
Paul Sabine $720,000 None Available
Paul Sabine $720,000 None Available
Paul Sabine $720,000 None Available
Cherry St Props -- --
Cherry St Props -- --
Cherry St Properties Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Paul Sabine $687,321
Previous Owner Cherry St Properties Llc $1,218,750
Previous Owner Cherry St Properties Llc $772,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/30/2020 09/30/20 Sold $720,000 -0.7% $198 / Sq Ft
07/10/2020 07/10/20 Pending -- -- --
07/09/2020 07/09/20 For Sale $725,000 0.0% $199 / Sq Ft
06/24/2020 06/24/20 Pending -- -- --
06/15/2020 06/15/20 For Sale $725,000 -- $199 / 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 $8,623 $751,800 $240,000 $511,800
2024 $8,476 $737,700 $228,600 $509,100
2023 $8,283 $705,500 $211,700 $493,800
2022 $8,407 $655,300 $186,300 $469,000
2021 $7,927 $574,400 $143,900 $430,500
2020 $7,359 $514,600 $135,500 $379,100
2019 $7,173 $471,900 $118,500 $353,400
2018 $7,344 $459,000 $118,500 $340,500
2017 $6,908 $395,900 $101,600 $294,300
2016 $6,270 $361,800 $80,400 $281,400
2015 $6,205 $361,800 $80,400 $281,400
2014 $5,601 $299,500 $57,600 $241,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72673888

MLS Property Information Network (MLS PIN)

APN: SWAM-000007-000152