M
Seller's Agent in 2021
Mike Tokatlyan
Contempo Builders, Inc.
227 Chestnut St Lynn, MA 01902
Fayette Street NeighborhoodEstimated Value: $896,000 - $1,052,000
9
Beds
3
Baths
3,276
Sq Ft
$296/Sq Ft
Est. Value
About This Home
As of June 2021Large 3 family that can generate lots of income offering you a 7.2-7.5 cap. All 3 units are 3 bed 1 bath. It has been fully rented through Lynn housing for 4 years. Each unit can get 1950-2K per month in rental income with water/sewer paid by owner. Fully rented it would generate 71K gross rental per year. Expenses are roughly 13,500 per year for water/taxes/common electric. Renovated in 2011, and has been well maintained since then. Large year yard to play. Currently unit 3 is vacant, unit 2 will be vacant on May 1, unit 1 is rented with a TAW at 1,950 per month through Lynn housing (inc: gas/heat). Excellent opportunity for owner occupied person to take unit 2 or 3 and have rental income of $4K per month. GROUP SHOWING SATURDAY 4/10 MESSAGE AGENT FOR TIME SLOT
Last Agent to Sell the Property
Mike Tokatlyan
Contempo Builders, Inc. License #449630507 Listed on: 04/06/2021
Last Buyer's Agent
Non Member
Non Member Office
Property Details
Home Type
- Multi-Family
Year Built
- 1890
Lot Details
- 2,614
Interior Spaces
- Property has 1 Level
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 6, 2021
Closed on
May 27, 2021
Sold by
Tokatlyan Michael and Tokatlyan Mike
Bought by
227 Chestnut Llc
Seller's Agent
Mike Tokatlyan
Contempo Builders, Inc.
Buyer's Agent
Non Member
Non Member Office
List Price
$809,900
Sold Price
$790,000
Premium/Discount to List
-$19,900
-2.46%
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
$180,545
Avg. Annual Appreciation
4.40%
Original Mortgage
$585,000
Outstanding Balance
$524,738
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$445,807
Purchase Details
Listed on
Apr 21, 2014
Closed on
Jul 2, 2014
Sold by
Madio Jesika
Bought by
Tokatlyan Mike
Seller's Agent
Victoria Kustov
Elite Realty Experts, LLC
Buyer's Agent
Matthew Power
1 Percent Realty, LLC
List Price
$399,900
Sold Price
$347,000
Premium/Discount to List
-$52,900
-13.23%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.57%
Original Mortgage
$334,855
Interest Rate
3.87%
Mortgage Type
FHA
Purchase Details
Closed on
Aug 27, 2010
Sold by
Department Of Housing & Urban Dev
Bought by
Madio Jesika
Purchase Details
Closed on
Oct 16, 2008
Sold by
Everhome Mtg Co
Bought by
Department Of Housing & Urban Dev
Purchase Details
Closed on
Aug 29, 2008
Sold by
Ment James and Everhome Mtg Co
Bought by
Everhome Mtg Co
Purchase Details
Closed on
Aug 13, 2003
Sold by
Souza Luis
Bought by
Ment James
Purchase Details
Closed on
Aug 6, 2003
Sold by
Souza Luis
Bought by
Ment James
Purchase Details
Closed on
Sep 6, 2001
Sold by
Mahmood Zainal A
Bought by
Pacheco Leonisio and Martinez Vilma
Purchase Details
Closed on
Nov 28, 2000
Sold by
Kritopoulos George and Bank One Na
Bought by
Mahmood Zainal A
Purchase Details
Closed on
Dec 17, 1998
Sold by
Mongeon Theresa
Bought by
Kritopoulas George
Purchase Details
Closed on
Apr 20, 1993
Sold by
227 Chestnut St Rt
Bought by
Mongeon Theresa
Purchase Details
Closed on
Jul 2, 1992
Sold by
Citicorp Mtg Inc
Bought by
227 Chestnut St Rt
Purchase Details
Closed on
Oct 22, 1991
Sold by
Karzon M Yasin
Bought by
Citicorp Mtg Inc
Purchase Details
Closed on
Jun 8, 1988
Sold by
Derrico Albert J
Bought by
Karzon M Yasin
Create a Home Valuation Report for This Property
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 |
|---|---|---|---|
| 227 Chestnut Llc | $780,000 | None Available | |
| 227 Chestnut Llc | $780,000 | None Available | |
| Tokatlyan Mike | $347,000 | -- | |
| Madio Jesika | $134,000 | -- | |
| Department Of Housing & Urban Dev | -- | -- | |
| Department Of Housing & Urban Dev | -- | -- | |
| Department Of Housing & Urban Dev | -- | -- | |
| Department Of Housing & Urban Dev | -- | -- | |
| Everhome Mtg Co | $537,986 | -- | |
| Everhome Mtg Co | $537,986 | -- | |
| Ment James | $409,000 | -- | |
| Ment James | $409,000 | -- | |
| Ment James | $409,000 | -- | |
| Ment James | $409,000 | -- | |
| Pacheco Leonisio | $299,900 | -- | |
| Pacheco Leonisio | $299,900 | -- | |
| Mahmood Zainal A | $151,000 | -- | |
| Mahmood Zainal A | $151,000 | -- | |
| Kritopoulas George | $103,900 | -- | |
| Kritopoulas George | $103,900 | -- | |
| Mongeon Theresa | $118,000 | -- | |
| Mongeon Theresa | $118,000 | -- | |
| 227 Chestnut St Rt | $23,000 | -- | |
| 227 Chestnut St Rt | $23,000 | -- | |
| Citicorp Mtg Inc | $63,000 | -- | |
| Citicorp Mtg Inc | $63,000 | -- | |
| Karzon M Yasin | $150,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 227 Chestnut Llc | $585,000 | |
| Closed | 227 Chestnut Llc | $585,000 | |
| Previous Owner | Tokatlyan Mike | $334,855 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/10/2021 06/10/21 | Sold | $790,000 | -2.5% | $241 / Sq Ft | |
| 04/29/2021 04/29/21 | Pending | -- | -- | -- | |
| 04/06/2021 04/06/21 | For Sale | $809,900 | +133.4% | $247 / Sq Ft | |
| 07/02/2014 07/02/14 | Sold | $347,000 | -13.2% | $106 / Sq Ft | View Prior Sale |
| 06/02/2014 06/02/14 | Pending | -- | -- | -- | |
| 04/21/2014 04/21/14 | For Sale | $399,900 | -- | $122 / 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 | $8,638 | $833,800 | $188,500 | $645,300 |
| 2024 | $8,517 | $808,800 | $170,100 | $638,700 |
| 2023 | $8,257 | $740,500 | $170,100 | $570,400 |
| 2022 | $7,886 | $634,400 | $139,100 | $495,300 |
| 2021 | $7,531 | $578,000 | $126,900 | $451,100 |
| 2020 | $6,886 | $513,900 | $99,100 | $414,800 |
| 2019 | $6,711 | $469,300 | $96,700 | $372,600 |
| 2018 | $6,208 | $409,800 | $93,400 | $316,400 |
| 2017 | $5,744 | $368,200 | $72,600 | $295,600 |
| 2016 | $5,265 | $325,400 | $61,200 | $264,200 |
| 2015 | $4,886 | $291,700 | $65,700 | $226,000 |
Source: Public Records
Agents Affiliated with this Home
-
-
N
Buyer's Agent in 2021
Non Member
Non Member Office
-
Victoria Kustov
Seller's Agent in 2014
Victoria Kustov
Elite Realty Experts, LLC
(781) 956-7789
85 Total Sales
-
Matthew Power
Buyer's Agent in 2014
Matthew Power
1 Percent Realty, LLC
(978) 944-9600
1 in this area
19 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72809072
APN: LYNN-000095-000510-000022
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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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