NOT LISTED FOR SALE

25 Forest Hill Ave Lynn, MA 01904

Pine Hill Neighborhood
7 Beds
7 Baths
4,848 Sq Ft
7,268 Sq Ft Lot

Last Sold August 09, 2024

Last sale price $1,170,000 $241 Per Sq Ft

6 Days on Market

Highlights

  • Ocean View
  • Balcony
  • 2-minute walk to Jenkins Park
  • Corner Lot

About This Home

As of August 2024

Located in the Pine Hill neighborhood, this 6+ unit investment property offers a lucrative opportunity for seasoned investors or those entering the real estate market. The property consists of five 1-bedroom apartments and two studios. Recent upgrades include a brand-new roof installed in May 2024 and the installation of carbon monoxide and smoke detectors in all apartments and stairways in 2021, along with the replacement of water tanks between 2021 and 2023.

Last Agent to Sell the Property

Drew Boujoulian

Coldwell Banker Realty - Boston Listed on: 05/21/2024

Coldwell Banker Realty - Boston

Co-Listed By

Joe Flanagan

Coldwell Banker Realty - Boston

Last Buyer's Agent

Viviane Alvarenga

Keller Williams Realty Evolution

Keller Williams Realty Evolution

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,525

Year Built

  • Built in 1910

Lot Details

  • 7,268 Sq Ft Lot
  • Corner Lot

Home Design

  • Stone Foundation
  • Shingle Roof

Interior Spaces

  • 4,848 Sq Ft Home
  • Ocean Views
  • Partially Finished Basement

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Full Bathrooms

Parking

  • 5 Car Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Balcony

Listing and Financial Details

  • Total Actual Rent $3,500
  • Tax Lot 7,268
  • Assessor Parcel Number 1991346

Community Details

Overview

  • 7 Units
  • Property has 1 Level

Building Details

  • Net Operating Income $52,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,525

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5+ Family - 5+ Units Up/Down
  • Year Built: 1910
  • Buyer Agency: 2.25
  • Transaction Broker: 0
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 9

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 7
  • Full Bathrooms: 7
  • Total Bathrooms: 7
  • Total Bathrooms: 7
  • Basement: Partially Finished
  • Living Area: 4848
  • Spa YN: No
  • Stories Total: 9
  • MAIN LO: AN6181
  • LIST PRICE PER Sq Ft: 216.38
  • PRICE PER Sq Ft: 241.34
  • MAIN SO: AN4339

Exterior Features

  • Exterior Features: Balcony
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Roof: Shingle
  • Waterfront Features: Beach Front, Ocean
  • Waterfront YN: No
  • Waterview Flag: Yes

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 5

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Senior Community YN: No

Lot Info

  • Parcel Number: 1991346
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Size Sq Ft: 7268
  • Lot Size Units: Acres
  • PAGE: 0
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 11525
  • Tax Book Number: 0
  • Tax Lot: 7,268

Multi Family

  • Gross Income: 52200
  • Net Operating Income: 52200
  • Number Of Units Total: 7
  • Total Actual Rent: 3500
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 2
  • FLRS 3: 2
  • FLRS 2: 1
  • Waterview: Ocean

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
08/09/2024 08/09/24 Sold $1,170,000 +11.5% $241 / Sq Ft
05/28/2024 05/28/24 Pending -- -- --
05/21/2024 05/21/24 For Sale $1,049,000 -- $216 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Drew Boujoulian

    Seller's Agent in 2024

    Drew Boujoulian

    Coldwell Banker Realty - Boston

    (617) 242-0025

    1 in this area

    154 Total Sales

    Drew Boujoulian
    Section Image

  • J

    Seller Co-Listing Agent in 2024

    Joe Flanagan

    Coldwell Banker Realty - Boston

    (617) 634-2255

    1 in this area

    10 Total Sales

    Joe Flanagan
    Section Image
  • Viviane Alvarenga

    Buyer's Agent in 2024

    Viviane Alvarenga

    Keller Williams Realty Evolution

    (978) 930-4273

    2 in this area

    131 Total Sales

    Viviane Alvarenga
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73241073

MLS Property Information Network (MLS PIN)
Massachusetts Essex County Lynn 01904 Pine Hill

25 Forest Hill Ave, Lynn, MA

This home is located at 25 Forest Hill Ave, Lynn, MA 01904 since 21 May 2024. This property was built in 1910. 25 Forest Hill Ave is a home located in Essex County with nearby schools including Sewell-Anderson Elementary School, William R. Fallon School, and Fecteau-Leary Junior/Senior High School.

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.

MLS Property Information Network (MLS PIN) 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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