NOT LISTED FOR SALE

Estimated Value: $564,078 - $615,000

4 Beds
2 Baths
1,772 Sq Ft
$331/Sq Ft Est. Value

Last Sold July 19, 2024

Last sale price $565,000 $319 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,787/month

6 Days on Market

Highlights

  • Marina
  • Medical Services
  • Property is near public transit
  • Golf Course Community
  • Deck
  • 3-minute walk to High Rock Tower

About This Home

As of July 2024

This property is the perfect fit for the first-time home buyer or investors looking to expand their portfolio. Located in the highlands of Lynn, seats this two-family dwelling owned and cared by the same nonsmoking family for decades. Separate utilities, off street parking, maintenance free exterior and seating at the end of the lot for a more relaxing and quieter time during resting hours. Conveniently located near all local amenities and attractions, downtown Lynn, the beach, parks and airport. Come see it at the first group showing this Thursday at 6 pm and make this your next place to live. This is possibly the lower priced multi-family in Lynn. Don't miss out on his great opportunity.

Last Listed By

Jose Reyes

Re-yes Real Estate Listed on: 06/10/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,973

Year Built

  • Built in 1900

Lot Details

  • 3,283 Sq Ft Lot
  • Near Conservation Area
  • Fenced
  • Gentle Sloping Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,772 Sq Ft Home
  • Property has 1 Level
  • Carpet
  • Washer and Electric Dryer Hookup

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

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

Parking

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

Outdoor Features

  • Deck
  • Rain Gutters

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • 2 Heating Zones
  • 110 Volts

Listing and Financial Details

  • Assessor Parcel Number M:083 B:666 L:015,2004326

Community Details

Overview

  • 2 Units

Amenities

  • Medical Services
  • Shops

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Park
  • Jogging Path

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,973

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1900
  • Buyer Agency: 2.00
  • Transaction Broker: 2.00
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Carpet, Varies
  • Fireplace YN: No
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Laundry Features: Electric Dryer Hookup, Washer Hookup
  • Basement: Full, Interior Entry, Concrete, Unfinished
  • Living Area: 1772
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: C10136
  • LIST PRICE PER Sq Ft: 324.49
  • PRICE PER Sq Ft: 318.85
  • MAIN SO: M59500

Exterior Features

  • Exterior Features: Rain Gutters
  • Construction Materials: Frame
  • Fencing: Fenced/Enclosed
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Deck
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront Features: Beach Front, Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Paved
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Electric Dryer, Washer Hookup
  • Electric: 110 Volts, Circuit Breakers
  • Water Source: Public
  • SEWAGE DISTRICT: Lynn
  • HEAT UNITS: 2
  • HEAT ZONES: 2
  • Hot Water: Natural Gas, Electric

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:083 B:666 L:015,2004326
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Features: Gentle Sloping
  • Lot Size Acres: 0.08
  • Lot Size Area: 0.08
  • Lot Size Sq Ft: 3283
  • Lot Size Units: Acres
  • PAGE: 000
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 5973
  • Tax Book Number: 0000

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 2, 1985
Bought by
Nelson Albert S
Total Days on Market
6
Current Estimated Value
$587,020

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Similar Homes in Lynn, MA

  • 199 Allen Ave, Lynn, MA 01902

    $579,900

    • 4 Beds
    • 3 Baths
    • 1,670 Sq Ft
    • 199 Allen Ave
    • Lynn, MA

    Attention Investors & Builders! Here’s your chance to customize this two-family property to your liking. Each floor offers 2 bedrooms and 1 full bath, with additional finished space in the basement that includes 2 bedrooms and a full bath, expanding the living space. This is not a bank-owned property and is being sold AS-IS, AS-SEEN. The seller and agent make no warranties or representations

    Patricia Nunez Redfin Corp.

    Section Image
  • 501 Chestnut St, Lynn, MA 01902

    $639,900

    • 4 Beds
    • 2 Baths
    • 1,792 Sq Ft
    • 501 Chestnut St
    • Lynn, MA

    Open House Canceled ------- Check out this amazing opportunity to own a 2 Family for under $650k! Freshly painted & renovated, ready for you to move in or rent out & start collecting rental income! Brand new vinyl floors, kitchen cabinets, stainless steel appliances, freshly sanded & stained hardwood floors! Both are 2 bedroom units, large basement for extra storage, great sized yard, large

    Kevin Mccafferty RyVal Homes

    Section Image
  • 1 1/2 Forest Hill Ave, Lynn, MA 01904

    $599,900

    • 4 Beds
    • 2 Baths
    • 2,464 Sq Ft
    • 1 1/2 Forest Hill Ave
    • Lynn, MA

    BOM due to buyer financing. Seize this outstanding investment opportunity in a prime location. Whether you're looking to owner occupy or invest in a rental, this Mansard Victorian is a perfect project for building equity. Both units offer spacious rooms with two bedrooms, soaring ceilings, and beautiful hardwood floors. Morning sunlight streams through generous windows, creating bright, welcoming

    Kim Perrotti Leading Edge Real Estate

    Section Image
  • 119 New Park St, Lynn, MA 01905

    $599,900

    • 4 Beds
    • 2 Baths
    • 2,016 Sq Ft
    • 119 New Park St
    • Lynn, MA

    HIGHEST/BEST OFFERS DUE 3/10/2025 11:59:00 PM Mountain Time. Property to be sold in its’ as is condition. OUTSTANDING PRICE REDUCTION! Looking for a spacious two family in a convenient location, look no further! Spacious 1 bedroom apartment on the first floor plus a 6 room, 3 bedroom townhouse upstairs. Enjoy large kitchens, modern baths, separate gas heat and hot water systems, unfinished

    Carol St. Pierre Tache Real Estate, Inc.

    Section Image
  • 141 Essex St, Lynn, MA 01902

    $710,000

    • 3 Beds
    • 2.5 Baths
    • 1,880 Sq Ft
    • 141 Essex St
    • Lynn, MA

    Knock! Knock this opportunity is at your door. Mix use property comes with the a bakery commercial lease tenant in unit one. Residential tenant at will in unit 2. Property are well maintained. 1+ year old roof, newly installed oil tank for unit 2, 2 year old water tank for unit 1, all utilities are separate, 1 car parking off street, and on street parking.

    Hien Lieu

    Section Image
  • 55 Winthrop St, Lynn, MA 01904

    $689,000

    • 6 Beds
    • 2 Baths
    • 2,343 Sq Ft
    • 55 Winthrop St
    • Lynn, MA

    Investor or Owner-Occupant Opportunity –Tremendous Value Add in Lynn! Welcome to this spacious 2-family home located on a wide, desirable street in Lynn. Bursting with potential, this property offers the perfect canvas for renovation-minded buyers—whether you're an owner-occupant looking to customize your dream home or an investor seeking strong upside. The first-floor unit features 2 bedrooms,

    Tina Crowley Compass

    Section Image
  • 548 Eastern Ave, Lynn, MA 01902

    $714,900

    • 4 Beds
    • 2 Baths
    • 1,972 Sq Ft
    • 548 Eastern Ave
    • Lynn, MA

    HOT DEAL! Situated in the heart of a thriving neighborhood of East Lynn in a close proximity to Salem and Swampscott, this property offers an excellent opportunity for investors or those looking to offset their mortgage expenses with rental rates ranging from $2,000/monthly to $2,600/monthly per unit. Every unit includes a kitchen, dining area, family room, flex rooms, storage, bath and bedrooms.

    Maria Babakhanova Redfin Corp.

    Section Image
  • 237 Broadway, Lynn, MA 01904

    $669,900

    • 4 Beds
    • 2 Baths
    • 1,610 Sq Ft
    • 237 Broadway
    • Lynn, MA

    Ward 1 renovated 2 family, First floor is deleaded and renovated with new kitchen, quartz counters and stainless steel appliances, second level has recent addition , 2 bedrooms and open kitchen/ living room . Large lot with plenty of parking close to Schools, Shops, restaurants and Sluice pond. Easy access to Peabody and all local highways

    Rich Powers Toner Real Estate, LLC

    Section Image
  • 107 Myrtle St, Lynn, MA 01905

    $679,900

    • 4 Beds
    • 2 Baths
    • 2,304 Sq Ft
    • 107 Myrtle St
    • Lynn, MA

    Offers due May 6 at noon please make good for 24 hrs! Great Investment Opportunity! Calling all investors, contractors, and savvy buyers! This 2-family home offers solid bones and incredible potential for the right buyer. Each unit features 5 rooms, 2 spacious bedrooms, and 1 full bath, providing ample space and flexibility for rental income or multi-generational living.The property needs some

    amy copeland potamis Coldwell Banker Realty - Lynnfield

    Section Image

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
Nelson Albert S $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gerardo Jessica M $423,750
Closed Gerardo Jessica M $423,750
Closed Nelson Albert S $20,000
Closed Nelson Albert S $20,000
Closed Nelson Albert S $9,378
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2024 07/19/24 Sold $565,000 -1.7% $319 / Sq Ft
06/17/2024 06/17/24 Pending -- -- --
06/10/2024 06/10/24 For Sale $575,000 -- $324 / 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 $6,397 $617,512 $192,200 $425,312
2024 $5,973 $567,200 $173,500 $393,700
2023 $6,017 $539,600 $173,500 $366,100
2022 $5,983 $481,300 $141,900 $339,400
2021 $5,628 $431,900 $129,400 $302,500
2020 $4,962 $370,300 $101,100 $269,200
2019 $4,866 $340,300 $98,600 $241,700
2018 $4,533 $299,200 $95,300 $203,900
2017 $4,140 $265,400 $74,100 $191,300
2016 $3,746 $231,500 $62,400 $169,100
2015 $3,638 $217,200 $67,000 $150,200
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73250085

MLS Property Information Network (MLS PIN)

APN: LYNN-000083-000666-000015