NOT LISTED FOR SALE

192-194 Eutaw Ave Lynn, MA 01902

Lynn English Neighborhood

Estimated Value: $834,000 - $1,033,000

6 Beds
3 Baths
3,576 Sq Ft
$260/Sq Ft Est. Value

Last Sold November 30, 2022

Last sale price $795,000 $222 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $5,522/month

5 Days on Market

Highlights

  • Property is near public transit and schools
  • Balcony
  • Cooling Available
  • Wood Flooring
  • Porch
  • Park

About This Home

As of November 2022

AN AMAZING INVESTMENT OPPORTUNITY AWAITS... Excellent, move-in-ready 3 family located in the up and coming City of Lynn, minutes away from the highway, commuter rail to Boston, shopping, schools, parks and local restaurants. Well cared for with many updates that include newly painted front porches, gas heating systems, vinyl siding, replacement windows, refinished hallway stairs and more. All units are occupied and in great shape. Each unit has an identical footprint, including 5RMS, 2BRs, 1BA, an eat-in kitchen with butler's pantry, a large LR and a separate DR. There are hardwood floors throughout. The unfinished basement includes all separate systems and additional storage for each unit. Outside at least 6 cars can park comfortably in the double wide driveway and large paved lot. This amazing opportunity is perfect for an investor or owner occupant. There are no leases in place. The current tenants pay below market rents. Showings only at OH Sat/Sun 12-1:30

Last Agent to Sell the Property

Carol Henriquez

Coldwell Banker Realty - Cambridge Listed on: 10/19/2022

Coldwell Banker Realty - Cambridge

Last Buyer's Agent

John Barry

William Raveis R.E. & Home Services

William Raveis R.E. & Home Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,570

Year Built

  • Built in 1915

Lot Details

  • 4,613 Sq Ft Lot
  • Level Lot

Home Design

  • Triplex
  • Stone Foundation
  • Rubber Roof

Interior Spaces

  • 3,576 Sq Ft Home
  • Insulated Windows
  • Washer Hookup

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Block Basement Construction

Parking

  • 6 Car Parking Spaces
  • Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Bulkhead
  • Balcony
  • Porch

Location

  • Property is near public transit and schools

Schools

  • Ingalls Elementary School
  • Marshall Middle School
  • Lynn English High School

Utilities

  • Cooling Available
  • 3 Heating Zones
  • Heating Available
  • Natural Gas Connected
  • Gas Water Heater

Listing and Financial Details

  • Rent includes unit 1(water), unit 2(water), unit 3(water)
  • Legal Lot and Block 005 / 493
  • Assessor Parcel Number 1999318

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Shops
  • Coin Laundry

Recreation

  • Park

Building Details

  • Net Operating Income $51,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,570

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family - 3 Units Up/Down
  • Year Built: 1915
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: VirtualTour
  • Stories: 6

Interior Features

  • Flooring: Vinyl,Hardwood, Unit 1(undefined), Unit 2(Hardwood Floors), Unit 3(Hardwood Floors)
  • Interior Amenities: Unit 1(Storage,Bathroom With Tub & Shower), Unit 2(Storage,Bathroom With Tub & Shower), Unit 3(Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen), Unit 3 Rooms(Living Room,Dining Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Refrigerator), Unit 2(Range,Refrigerator), Unit 3(Range,Refrigerator), Gas Water Heater, Utility Connections for Gas Range
  • Total Bedrooms: 6
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Washer Hookup
  • Basement: Full, Interior Entry, Bulkhead, Concrete, Unfinished
  • Living Area: 3576
  • Stories Total: 6
  • Window Features: Insulated Windows
  • MAIN LO: AN6181
  • MAIN SO: AN6181

Exterior Features

  • Exterior Features: Balcony, Unit 1 Balcony/Deck, Unit 2 Balcony/Deck, Unit 3 Balcony/Deck
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Roof: Rubber
  • Waterfront Features: Beach Front, Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 6

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, Washer Hookup
  • Cooling: Unit 1(Window AC), Unit 2(Window AC), Unit 3(Window AC)
  • Heating: Unit 1(Forced Air,Gas), Unit 2(Forced Air,Gas), Unit 3(Forced Air,Gas)
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public
  • SEWAGE DISTRICT: LWSC
  • HEAT UNITS: 3
  • HEAT ZONES: 3
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Laundromat, Highway Access, Public School
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: 1999318
  • Zoning: R1
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.11
  • Lot Size Sq Ft: 4613
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 8570
  • Tax Block: 493
  • Tax Lot: 005

Multi Family

  • Net Operating Income: 51600
  • Number Of Units Total: 3
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 3

MLS Schools

  • High School: Lynn English
  • Elementary School: Ingalls
  • Middle Or Junior School: Marshall

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 9, 2015
Sold by
Razzaboni Caroline T
Bought by
Mendoza Guillermo
Current Estimated Value
$930,427

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$394,718
Outstanding Balance
$312,572
Interest Rate
3.75%
Mortgage Type
FHA
Estimated Equity
$617,855
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mendoza Guillermo $409,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mendoza Guillermo $394,718
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/30/2022 11/30/22 Sold $795,000 +0.6% $222 / Sq Ft
10/25/2022 10/25/22 Pending -- -- --
10/19/2022 10/19/22 For Sale $790,000 -- $221 / 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 $8,277 $798,900 $199,500 $599,400
2024 $8,243 $782,800 $189,900 $592,900
2023 $8,728 $782,800 $185,200 $597,600
2022 $8,570 $689,500 $154,500 $535,000
2021 $8,090 $620,900 $133,300 $487,600
2020 $7,700 $574,600 $125,900 $448,700
2019 $7,500 $524,500 $117,700 $406,800
2018 $6,980 $460,700 $114,700 $346,000
2017 $5,939 $380,700 $101,200 $279,500
2016 $5,571 $344,300 $89,600 $254,700
2015 $5,037 $300,700 $81,300 $219,400
Source: Public Records

Agents Affiliated with this Home

  • Carol Henriquez

    Seller's Agent in 2022

    Carol Henriquez

    Coldwell Banker Realty - Cambridge

    (617) 605-1507

    2 in this area

    111 Total Sales

    Carol Henriquez
    Section Image

  • J

    Buyer's Agent in 2022

    John Barry

    William Raveis R.E. & Home Services

    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73049699

MLS Property Information Network (MLS PIN)

APN: LYNN-000085-000493-000005

Massachusetts Essex County Lynn 01902 Lynn English

192-194 Eutaw Ave, Lynn, MA

Not Listed for Sale

MultiFamily

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