NOT LISTED FOR SALE

Estimated Value: $944,000 - $1,148,000

9 Beds
3 Baths
4,077 Sq Ft
$262/Sq Ft Est. Value

Last Sold April 20, 2022

Last sale price $810,000 $199 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $6,563/month

8 Days on Market

Highlights

  • Property is near public transit
  • Community Pool
  • Porch
  • Wood Flooring
  • Jogging Path
  • Park

About This Home

As of April 2022

Rare investment opportunity in the up-and-coming city of Lynn! This 3-unit multi-family property has two vacant units (1st & 3rd floor) which could be a great owner-occupancy opportunity! All three units have the same layout, featuring a living room with hardwood floor, formal dining room with bay windows, large kitchen with washer/dryer hookups, three spacious bedrooms with closets, and a full bath. 2nd floor is occupied by TAW (section 8). The basement is large with storage areas and access to the individually metered utilities. With some light TLC, this property could be rent-ready & cash flowing in no time! Come check out the vacant units at the group showing Wed/Thurs 5-6pm or the open house Sat & Sun 12-2pm. Offers due Tues 3/8 at 5pm. Buyer/buyer's agent to do own due diligence. Sellers have limited knowledge of property. Subject to approval by executor of the estate.

Last Agent to Sell the Property

Candor Realty Group

Four Points Real Estate, LLC Listed on: 03/01/2022

Co-Listed By

Franco Carullo

Four Points Real Estate, LLC

Last Buyer's Agent

Helen Ventura

Martinez Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,560

Year Built

  • Built in 1900

Lot Details

  • 2,614 Sq Ft Lot
  • Level Lot

Home Design

  • 4,077 Sq Ft Home
  • Stone Foundation

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • On-Street Parking
  • Open Parking

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Heating Available
  • Separate Meters
  • Water Heater

Additional Features

  • Washer and Dryer Hookup
  • Porch

Listing and Financial Details

  • Total Actual Rent $1,700
  • Assessor Parcel Number M:052 B:770 L:017,2007113

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Recreation

  • Community Pool
  • Park
  • Jogging Path
  • Bike Trail

Additional Features

  • Shops
  • Net Operating Income $20,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,560

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1900
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Transaction Broker: 0
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Carpet,Varies Per Unit,Hardwood,Vinyl / VCT, Unit 1(undefined), Unit 3(Hardwood Floors)
  • Interior Amenities: Other (See Remarks), Unit 1(Bathroom With Tub & Shower), Unit 2(Bathroom With Tub & Shower), Unit 3(Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen), Unit 3 Rooms(Living Room,Dining Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Tank Water Heater, Utility Connections for Electric Range, Utility Connections for Electric Dryer
  • Total Bedrooms: 9
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Washer Hookup, Unit 1(Washer Hookup,Dryer Hookup)
  • Basement: Full, Walk-Out Access, Interior Entry, Unfinished
  • Living Area: 4077
  • Stories Total: 6
  • MAIN LO: AN5498
  • LIST PRICE PER Sq Ft: 183.96
  • PRICE PER Sq Ft: 198.68
  • MAIN SO: AN6662

Exterior Features

  • Foundation Details: Stone
  • Patio And Porch Features: Porch
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: On Street

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range, for Electric Dryer, Washer Hookup
  • Heating: Unit 2(Oil)
  • Electric: Circuit Breakers, Individually Metered
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Pool, Park, Walk/Jog Trails, Bike Path, Highway Access, House of Worship, Public School

Lot Info

  • Parcel Number: M:052 B:770 L:017,2007113
  • Zoning: R4
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.06
  • Lot Size Area: 0.06
  • Lot Size Sq Ft: 2613.6
  • Lot Size Units: Acres
  • LOT SIZE: 2780
  • PAGE: 690

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 7560
  • Tax Book Number: 5550

Multi Family

  • Gross Income: 20400
  • Net Operating Income: 20400
  • Number Of Units Total: 3
  • Total Actual Rent: 1700
  • LEVELS 1: 1
  • 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

Listed on
Mar 1, 2022
Closed on
Mar 30, 2022
Sold by
Costin Dennis J Est and Costin
Bought by
Dennis J Costin Ret and Costin
Seller's Agent
Candor Realty Group
Four Points Real Estate, LLC
Buyer's Agent
Helen Ventura
Martinez Realty Group
List Price
$750,000
Sold Price
$810,000
Premium/Discount to List
$60,000
8%
Current Estimated Value
$1,066,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$256,500
Avg. Annual Appreciation
7.77%
Original Mortgage
$607,500
Interest Rate
3.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 1, 1968
Bought by
Costin Dennis J
Source: Public Records

Range of Values:

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Average Value
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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

Purchase History

Date Buyer Sale Price Title Company
Dennis J Costin Ret -- None Available
Costin Dennis J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gonzalez Jorge P $647,500
Closed Gonzalez Jorge P $647,500
Closed Ventura Realty Llc $607,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2022 04/20/22 Sold $810,000 +8.0% $199 / Sq Ft
03/10/2022 03/10/22 Pending -- -- --
03/01/2022 03/01/22 For Sale $750,000 -- $184 / 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 $9,558 $922,600 $191,800 $730,800
2024 $9,460 $898,400 $176,200 $722,200
2023 $8,063 $723,100 $156,900 $566,200
2022 $8,109 $652,400 $147,500 $504,900
2021 $7,560 $580,200 $121,700 $458,500
2020 $6,995 $522,000 $101,600 $420,400
2019 $6,672 $466,600 $87,300 $379,300
2018 $6,292 $415,300 $95,500 $319,800
2017 $5,930 $380,100 $84,400 $295,700
2016 $5,548 $342,900 $79,900 $263,000
2015 $4,894 $292,200 $68,800 $223,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72947024

MLS Property Information Network (MLS PIN)

APN: LYNN-000052-000770-000017