2 Breed Terrace Lynn, MA 01902
Diamond District NeighborhoodEstimated Value: $720,832 - $904,000
7
Beds
3
Baths
2,679
Sq Ft
$303/Sq Ft
Est. Value
About This Home
As of June 2019Legal 2-unit with additional in-law apartment in Lynn's Diamond District, just 3 blocks from the beach. 1st and 2nd floor units have each 3 bedrooms, 1 bathroom, a kitchen and a living room. In-law unit on third floor has 1 bedroom, 1 bathroom, its own kitchen and living room. Heat for 1st and 2nd floor units is gas based, forced air. 1st floor furnace was replaced by SILA October 2017. Heat on third floor is electric baseboard. Electricity has been separated into 2 zones plus master meter. Circuit breakers, no fuses. Off-street parking for 3 cars. Washer and dryer in basement. Gross rents of 34k+. No flood insurance required. Tenants' leases just expired. TAW. Property is fully de-leaded.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,338
Year Built
- Built in 1900
Lot Details
- 2,178
Additional Features
- Basement
Listing and Financial Details
- Assessor Parcel Number 093568053
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 19, 2019
Closed on
Jun 18, 2019
Sold by
Menchu Miguel
Bought by
Hossain Sifat
Seller's Agent
Miguel Menchu
Charles River Properties, LLC
Buyer's Agent
Miguel Menchu
Charles River Properties, LLC
List Price
$589,900
Sold Price
$518,000
Premium/Discount to List
-$71,900
-12.19%
Total Days on Market
13
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$292,708
Avg. Annual Appreciation
6.64%
Original Mortgage
$419,550
Outstanding Balance
$372,740
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$390,975
Purchase Details
Listed on
Sep 6, 2016
Closed on
Apr 28, 2017
Sold by
Rodriguez Catherine
Bought by
Menchu Miguel
Seller's Agent
Lisa Bertolino
Bertolino and Associates Real Estate
Buyer's Agent
Non Member
Non Member Office
List Price
$415,000
Sold Price
$420,000
Premium/Discount to List
$5,000
1.2%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.56%
Original Mortgage
$405,982
Interest Rate
4.4%
Mortgage Type
FHA
Purchase Details
Listed on
Oct 1, 2014
Closed on
May 4, 2015
Sold by
Harris Eva
Bought by
Rodriguez Catherine
Seller's Agent
George Meimeteas
Real Estate and Company
Buyer's Agent
George Meimeteas
Real Estate and Company
List Price
$279,900
Sold Price
$278,000
Premium/Discount to List
-$1,900
-0.68%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.04%
Original Mortgage
$268,721
Interest Rate
3.5%
Mortgage Type
FHA
Purchase Details
Closed on
Jul 28, 2003
Sold by
Holdi Grtr North Shore and Gregson James S
Bought by
Harris Eva
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$365,750
Interest Rate
5.27%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 10, 2003
Sold by
Gelineau Roy F
Bought by
Grtr N Shore Holding and Gregson James S
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,000
Interest Rate
5.99%
Mortgage Type
Purchase Money Mortgage
Similar Homes in Lynn, MA
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The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hossain Sifat | $518,000 | -- | |
| Menchu Miguel | $420,000 | -- | |
| Rodriguez Catherine | $278,000 | -- | |
| Harris Eva | $385,000 | -- | |
| Grtr N Shore Holding | $215,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hossain Sifat | $419,550 | |
| Previous Owner | Menchu Miguel | $405,982 | |
| Previous Owner | Rodriguez Catherine | $268,721 | |
| Previous Owner | Grtr N Shore Holding | $365,750 | |
| Previous Owner | Grtr N Shore Holding | $215,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/01/2019 06/01/19 | Sold | $518,000 | -5.0% | $193 / Sq Ft |
| 05/02/2019 05/02/19 | Pending | -- | -- | -- |
| 04/30/2019 04/30/19 | Price Changed | $545,000 | -7.5% | $203 / Sq Ft |
| 04/24/2019 04/24/19 | Price Changed | $588,999 | -0.2% | $220 / Sq Ft |
| 04/19/2019 04/19/19 | For Sale | $589,900 | +40.5% | $220 / Sq Ft |
| 04/28/2017 04/28/17 | Sold | $420,000 | +1.2% | $157 / Sq Ft |
| 03/23/2017 03/23/17 | Pending | -- | -- | -- |
| 01/24/2017 01/24/17 | For Sale | $415,000 | 0.0% | $155 / Sq Ft |
| 12/14/2016 12/14/16 | Pending | -- | -- | -- |
| 11/01/2016 11/01/16 | Price Changed | $415,000 | -3.5% | $155 / Sq Ft |
| 09/06/2016 09/06/16 | For Sale | $429,900 | +54.6% | $160 / Sq Ft |
| 05/04/2015 05/04/15 | Sold | $278,000 | -0.7% | $104 / Sq Ft |
| 04/04/2015 04/04/15 | Pending | -- | -- | -- |
| 10/01/2014 10/01/14 | For Sale | $279,900 | -- | $104 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $7,338 | $708,337 | $166,500 | $541,837 |
| 2024 | $6,955 | $660,500 | $159,300 | $501,200 |
| 2023 | $7,094 | $636,200 | $170,300 | $465,900 |
| 2022 | $7,107 | $571,800 | $140,000 | $431,800 |
| 2021 | $6,352 | $487,500 | $103,200 | $384,300 |
| 2020 | $5,999 | $447,700 | $106,100 | $341,600 |
| 2019 | $5,551 | $388,200 | $81,900 | $306,300 |
| 2018 | $5,090 | $336,000 | $92,000 | $244,000 |
| 2017 | $4,948 | $317,200 | $89,800 | $227,400 |
| 2016 | $5,176 | $319,900 | $104,700 | $215,200 |
| 2015 | -- | $333,300 | $114,300 | $219,000 |
Source: Public Records
Agents Affiliated with this Home
-
Miguel Menchu
Seller's Agent in 2019
Miguel Menchu
Charles River Properties, LLC
(617) 233-6075
1 in this area
13 Total Sales
-
Lisa Bertolino
Seller's Agent in 2017
Lisa Bertolino
Bertolino and Associates Real Estate
(978) 375-8399
14 Total Sales
-
N
Buyer's Agent in 2017
Non Member
Non Member Office
-
Seller's Agent in 2015
George Meimeteas
Real Estate and Company
(978) 764-7504
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72484864
APN: LYNN-000093-000568-000053
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.
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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