NOT LISTED FOR SALE

Estimated Value: $979,000 - $1,101,872

6 Beds
3 Baths
3,492 Sq Ft
$301/Sq Ft Est. Value

Last Sold August 05, 2022

Last sale price $970,000 $278 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $6,623/month

7 Days on Market

Highlights

  • Marina
  • Community Stables
  • Deck
  • Golf Course Community
  • Medical Services
  • Property is near public transit

About This Home

As of August 2022

Investors and owner occupants take notice! Exceptional, turn-key THREE FAMILY property located in well-established Lynn neighborhood. Very well maintained property! Full gut-rehab in 1993. Ongoing and continuous remodeling and renovation. Three floors: each unit features 2 bed/1 bath, sunroom and private balcony/porch. Newly renovated Kitchens with granite countertops and glass tile backsplash. Gleaming tile bathrooms with cast iron bathtubs. High 8’ ceilings and high-end lighting. Top floor features architectural vaulted ceilings. Impressive Basement: newly, completely skim-coated walls, glass block windows, New Boilers and New Maytag Coin-operated laundry for additional income. Extremely well-maintained property inside and out. Less than 2 miles to Lynn Yacht Club and Nahant Beach, shopping, transportation and numerous amenities. *Highest and Best Offers are due Tuesday, May 31st at Noon. Seller reserves the right to accept an offer at any time.

Last Listed By

Anastasia Smith

RE/MAX Partners Relocation Listed on: 05/23/2022

RE/MAX Partners Relocation

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,911

Year Built

  • Built in 1915

Lot Details

  • 4,061 Sq Ft Lot
  • Near Conservation Area
  • Stone Wall
  • Level Lot

Home Design

  • Triplex
  • Brick Foundation
  • Stone Foundation
  • Frame Construction
  • Shingle Roof
  • Rubber Roof

Interior Spaces

  • 3,492 Sq Ft Home
  • Insulated Windows
  • Window Screens
  • Insulated Doors
  • Basement Fills Entire Space Under The House

Kitchen

  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 4 Car Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Deck
  • Rain Gutters
  • Porch

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • No Cooling
  • 3 Heating Zones
  • Heating System Uses Oil
  • Separate Meters
  • 200+ Amp Service
  • 110 Volts
  • Tankless Water Heater
  • Oil Water Heater

Listing and Financial Details

  • Total Actual Rent $3,500
  • Rent includes unit 1(water), unit 2(water), unit 3(water)
  • Assessor Parcel Number M:053 B:721 L:024,2005657

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Community Pool
  • Park
  • Community Stables
  • Jogging Path
  • Bike Trail

Building Details

  • Net Operating Income $72,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,911

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
  • Buyer Agency: 2.5%
  • Buyer Agency Type: %
  • Transaction Broker: 0
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Tile,Carpet, Unit 1(undefined), Unit 2(Wall to Wall Carpet,Stone/Ceramic Tile Floor), Unit 3(Wall to Wall Carpet,Stone/Ceramic Tile Floor)
  • Interior Amenities: Unit 1(Bathroom With Tub & Shower,Open Floor Plan), Unit 2(Bathroom With Tub & Shower,Open Floor Plan), Unit 3(Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Dining Room,Kitchen,Sunroom), Unit 2 Rooms(Living Room,Dining Room,Kitchen,Living RM/Dining RM Combo,Sunroom), Unit 3 Rooms(Living Room,Dining Room,Kitchen,Living RM/Dining RM Combo,Sunroom)
  • Door Features: Insulated Doors
  • Fireplace YN: No
  • Appliances: Washer, Dryer, Unit 1(Range,Dishwasher,Disposal,Refrigerator,Freezer,Vent Hood), Unit 2(Range,Dishwasher,Disposal,Microwave,Refrigerator,Freezer), Unit 3(Range,Dishwasher,Disposal,Microwave,Refrigerator,Freezer), Oil Water Heater,Tank Water Heaterless
  • Total Bedrooms: 6
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Laundry Room
  • Basement: Full
  • Living Area: 3492
  • Stories Total: 6
  • Window Features: Insulated Windows, Screens
  • MAIN LO: AN6527
  • LIST PRICE PER Sq Ft: 250.57
  • PRICE PER Sq Ft: 277.78
  • MAIN SO: AN3502

Exterior Features

  • Exterior Features: Balcony, Rain Gutters, Stone Wall, Balcony/Deck, Unit 1 Balcony/Deck, Unit 2 Balcony/Deck, Unit 3 Balcony/Deck
  • Construction Materials: Frame, Conventional (2x4-2x6)
  • Foundation Details: Stone, Brick/Mortar, Other
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Deck - Composite
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle, Rubber
  • Waterfront Features: Beach Front, Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Cooling: None, Unit 1(None), Unit 2(None), Unit 3(None)
  • Heating: Oil, Unit 1(Hot Water Baseboard,Oil,Individual,Unit Control), Unit 2(Hot Water Baseboard,Oil,Individual,Unit Control), Unit 3(Hot Water Baseboard,Oil,Individual,Unit Control)
  • Cooling Y N: No
  • Electric: 110 Volts, Circuit Breakers, 200+ Amp Service, Individually Metered
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 3
  • HEAT ZONES: 3
  • COOLING ZONES: 0

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
  • Rent Includes: Unit 1(Water), Unit 2(Water), Unit 3(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:053 B:721 L:024,2005657
  • Zoning: R4
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.09
  • Lot Size Area: 0.09
  • Lot Size Sq Ft: 4061
  • Lot Size Units: Acres
  • PAGE: 0

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 8911
  • Tax Book Number: 0

Multi Family

  • Gross Income: 72000
  • Net Operating Income: 72000
  • Number Of Units Total: 3
  • Total Actual Rent: 3500
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 21, 2016
Sold by
Marmer Irving
Bought by
Helping Hand T
Total Days on Market
7
Current Estimated Value
$1,049,468

Range of Values:

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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
Helping Hand T -- --
Helping Hand T -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Espejo-Hoyos Fernando $873,000
Closed Espejo-Hoyos Fernando $873,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2022 08/05/22 Sold $970,000 +10.9% $278 / Sq Ft
05/31/2022 05/31/22 Pending -- -- --
05/23/2022 05/23/22 For Sale $875,000 -- $251 / 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 $9,658 $932,200 $191,600 $740,600
2024 $9,661 $917,500 $184,800 $732,700
2023 $8,932 $801,100 $145,600 $655,500
2022 $8,911 $716,900 $131,600 $585,300
2021 $8,455 $648,900 $116,700 $532,200
2020 $8,019 $598,400 $109,800 $488,600
2019 $7,642 $534,400 $92,800 $441,600
2018 $7,052 $465,500 $92,000 $373,500
2017 $6,730 $431,400 $80,900 $350,500
2016 $6,038 $373,200 $60,900 $312,300
2015 $5,425 $323,900 $57,900 $266,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72985886

MLS Property Information Network (MLS PIN)

APN: LYNN-000053-000721-000024