NOT LISTED FOR SALE

27 Dearborn Ave Lynn, MA 01905

Austin Square Neighborhood

Estimated Value: $660,000 - $1,032,599

6 Beds
3 Baths
2,721 Sq Ft
$318/Sq Ft Est. Value

Last Sold March 20, 2020

Last sale price $665,000 $244 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $5,184/month

5 Days on Market

Highlights

  • Deck
  • Fenced Yard
  • Garden
  • Wood Flooring
  • Porch
  • 4-minute walk to GEAA Field

About This Home

As of March 2020

Perfect for an owner occupant or smart investor, this Lynn three family is in a residential neighborhood off Summer near Boston Street. There is a renovated 2nd floor two bedroom apartment vacant and available for a new owner if desired or projected rent is $1800 (renovated). The first floor 2 bedroom apartment is leased for $1700/month. The third floor two bedroom apartment is leased for $1650/month. Seller provides an estimated annual rent of $61,800. A Buyer can live in the second floor apartment and collect rental income from the other two units totaling $3350/month. There is a rear yard, side decks, front enclosed porches and maintenance free vinyl siding. Freshly painted and cleaned up, this one is worth stopping by! .

Last Agent to Sell the Property

John

RCG Properties Listed on: 02/08/2020

Co-Listed By

John Schwagerl

RCG Properties License #449524005

Last Buyer's Agent

Leah Snowdale

Compass

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • Fenced Yard
  • Garden

Parking

  • 2 Car Garage

Outdoor Features

  • Deck
  • Porch

Additional Features

  • Wood Flooring
  • Natural Gas Water Heater
  • Basement

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 242.52
  • Comp Based On: Net Sale Price
  • Year Built: 1900
  • Lead Paint: Unknown
  • Ife Common: Wood Flooring, Remodeled
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1900

Interior Features

  • Flooring: Wood
  • Total Flrs: 6
  • No Bedrooms: 6
  • Total Brs: 6
  • Full Bathrooms: 3
  • Total Fbh: 3
  • No Rooms: 12
  • Rms Common: Laundry
  • Basement: Y
  • Basement Features: Full, Walk Out, Concrete Floor
  • Main Lo: NB2011
  • Main So: BB6013
  • Estimated Sq Ft: 2721.00

Exterior Features

  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Vinyl
  • Exterior Features: Porch, Deck, Fenced Yard, Garden Area
  • Foundation: Fieldstone

Garage/Parking

  • Parking Feature: Off-Street, Tandem, Paved Driveway
  • Parking Spaces: 4
  • Garage Spaces: 2

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: 100 Amps
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Highway Access, House of Worship, Marina, Public School

Lot Info

  • Assessments: 440000.00
  • Acre: 0.10
  • Lot Size: 4206.00
  • Page: 538
  • Zoning: R4
  • Lot Description: Paved Drive, Level

Green Features

  • Energy Features: Insulated Windows

Multi Family

  • Total Levels: 3
  • Total Rent: 3350
  • Total Rms: 12
  • No Units: 3
  • Mf Type: 3 Family - 3 Units Up/Down

Tax Info

  • Taxes: 6292.00
  • Assessor Parcel Number: 1994465

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2020
Closed on
Mar 19, 2020
Sold by
Urban Renewal 7 Llc
Bought by
Ginepra Joseph
Seller's Agent
John
RCG Properties
Buyer's Agent
Leah Snowdale
Compass
List Price
$659,900
Sold Price
$665,000
Premium/Discount to List
$5,100
0.77%
Current Estimated Value
$868,962

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$203,962
Avg. Annual Appreciation
4.60%
Original Mortgage
$652,955
Outstanding Balance
$568,804
Interest Rate
3.12%
Mortgage Type
FHA
Estimated Equity
$296,096

Purchase Details

Closed on
Dec 9, 2013
Sold by
Marshall Janet and Marshall Ronald A
Bought by
Urban Renewal 7 Llc

Purchase Details

Closed on
Dec 22, 1998
Sold by
Falasca Gerald M
Bought by
Marshall Ronald A and Marshall Janet
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Ginepra Joseph $665,000 None Available
Ginepra Joseph $665,000 None Available
Urban Renewal 7 Llc $240,000 --
Marshall Ronald A $125,000 --
Marshall Ronald A $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ginepra Joseph $652,955
Closed Ginepra Joseph $652,955
Previous Owner Marshall Ronald A $205,000
Previous Owner Marshall Ronald A $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/20/2020 03/20/20 Sold $665,000 +0.8% $244 / Sq Ft
02/13/2020 02/13/20 Pending -- -- --
02/08/2020 02/08/20 For Sale $659,900 -- $243 / 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 $8,224 $793,800 $193,600 $600,200
2024 $8,145 $773,500 $180,100 $593,400
2023 $8,136 $729,700 $199,100 $530,600
2022 $7,811 $628,400 $152,500 $475,900
2021 $7,372 $565,800 $131,800 $434,000
2020 $6,526 $487,000 $135,200 $351,800
2019 $6,292 $440,000 $120,800 $319,200
2018 $5,769 $380,800 $108,900 $271,900
2017 $5,454 $349,600 $95,300 $254,300
2016 $5,105 $315,500 $87,700 $227,800
2015 $4,787 $285,800 $90,200 $195,600
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2020

    John

    RCG Properties

    16 Total Sales

    John
    Section Image

  • J

    Seller Co-Listing Agent in 2020

    John Schwagerl

    RCG Properties

    Section Image

  • L

    Buyer's Agent in 2020

    Leah Snowdale

    Compass

    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72617345

MLS Property Information Network (MLS PIN)

APN: LYNN-000020-000312-000021

Massachusetts Essex County Lynn 01905 Austin Square

27 Dearborn Ave, Lynn, MA

Not Listed for Sale

MultiFamily

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