NOT LISTED FOR SALE

347 Chestnut St Lynn, MA 01902

Lynn English Neighborhood

Estimated Value: $796,000 - $816,000

6 Beds
2 Baths
2,688 Sq Ft
$301/Sq Ft Est. Value

Last Sold February 28, 2017

Last sale price $437,000 $163 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $5,022/month

3 Days on Market

About This Home

As of February 2017

GREAT OPPURTUNITY TO OWN A LARGE TWO FAMILY HOUSE WITH 6 ROOMS 3 BEDROOMS IN EACH UNIT, ALONG WITH LARGE KITCHENS, DININGROOM AND LIVING ROOM IN BOTH UNITS, BIG BACK YARD FOR ENTERTAINING, PLENTY OF OFF STREET PARKING FOR BOTH UNITS.EXCELLENT FOR OWNER OCCUPANCY OR INVESTMENT PROPERTY. TWO YEAR OLD ROOF, GAS HEAT AND HOTWATER. UPDATED ELECTRICAL PANELS, HARDWOOD FLOORING IN BOTH UNITS.EASY ACCESS TO RT 1, LARGE BASEMENT FOR STORAGE A MUST SEE .

Last Agent to Sell the Property

Kevin Dacey

Dacey Realty, LLC Listed on: 11/12/2016

Last Buyer's Agent

Salustia Ortiz

Dreamcatcher Investment Group, Inc.

Property Details

Home Type

Multi-Family

Year Built

1928

Lot Details

8,276 Sq Ft Lot

Listing Details

  • Lot Description: Paved Drive
  • Property Type: Multi-family
  • Lead Paint: Unknown
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1928

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 12
  • Electric: Circuit Breakers
  • Energy: Insulated Windows
  • Flooring: Wood
  • Basement: Full
  • Total Levels: 2

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles
  • Construction: Frame
  • Exterior: Vinyl
  • Exterior Features: Porch - Enclosed
  • Foundation: Concrete Block
  • Beach: Ocean

Garage/Parking

  • Parking: Off-Street
  • Parking Spaces: 8

Utilities

  • Cooling Zones: 1
  • Heat Zones: 2
  • Hot Water: Natural Gas
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 2

Lot Info

  • Assessor Parcel Number: M:084 B:499 L:031
  • Zoning: R4

Multi Family

  • Cooling Units: 2
  • Heat Units: 2
  • Total Bedrooms: 6
  • Total Floors: 3
  • Total Full Baths: 2
  • Total Levels: 1
  • Total Rms: 12
  • Total Rent_1: 1400

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 12, 2016
Closed on
Feb 28, 2017
Sold by
Farnkoff Michael A
Bought by
Dhumad Haider
Seller's Agent
Kevin Dacey
Dacey Realty, LLC
Buyer's Agent
Salustia Ortiz
Dreamcatcher Investment Group, Inc.
List Price
$399,900
Sold Price
$437,000
Premium/Discount to List
$37,100
9.28%
Current Estimated Value
$807,924

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$370,924
Avg. Annual Appreciation
7.09%
Original Mortgage
$422,415
Outstanding Balance
$343,853
Interest Rate
3.87%
Mortgage Type
FHA
Estimated Equity
$464,071

Purchase Details

Listed on
Nov 14, 2014
Closed on
Jan 13, 2015
Sold by
Janakas Marjorie A
Bought by
Farnkoff Michael A
Seller's Agent
Rich Powers
Toner Real Estate, LLC
Buyer's Agent
Kevin Dacey
Dacey Realty, LLC
List Price
$384,900
Sold Price
$380,000
Premium/Discount to List
-$4,900
-1.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.78%
Original Mortgage
$356,125
Interest Rate
3.75%
Mortgage Type
FHA
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
Dhumad Haider $437,000 --
Farnkoff Michael A $380,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dhumad Haider $422,415
Previous Owner Farnkoff Michael A $356,125
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/28/2017 02/28/17 Sold $437,000 +9.3% $163 / Sq Ft
11/15/2016 11/15/16 Pending -- -- --
11/12/2016 11/12/16 For Sale $399,900 +5.2% $149 / Sq Ft
01/13/2015 01/13/15 Sold $380,000 -1.3% $141 / Sq Ft View Prior Sale
12/14/2014 12/14/14 Pending -- -- --
11/14/2014 11/14/14 For Sale $384,900 -- $143 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

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 $8,810 $850,413 $221,000 $629,413
2024 $8,230 $781,600 $199,400 $582,200
2023 $8,259 $740,700 $199,400 $541,300
2022 $8,263 $664,800 $163,100 $501,700
2021 $7,758 $595,400 $148,700 $446,700
2020 $6,880 $513,400 $116,200 $397,200
2019 $6,717 $469,700 $113,400 $356,300
2018 $6,236 $411,600 $109,500 $302,100
2017 $5,680 $364,100 $85,100 $279,000
2016 $4,780 $295,400 $71,700 $223,700
2015 $4,608 $275,100 $77,000 $198,100
Source: Public Records

Agents Affiliated with this Home

  • Kevin Dacey

    Seller's Agent in 2017

    Kevin Dacey

    Dacey Realty, LLC

    (617) 852-0383

    26 Total Sales

    Kevin Dacey
    Section Image

  • S

    Buyer's Agent in 2017

    Salustia Ortiz

    Dreamcatcher Investment Group, Inc.

    (508) 369-6462

    47 Total Sales

    Salustia Ortiz
    Section Image
  • Rich Powers

    Seller's Agent in 2015

    Rich Powers

    Toner Real Estate, LLC

    (781) 608-6628

    4 in this area

    103 Total Sales

    Rich Powers
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72092666

MLS Property Information Network (MLS PIN)

APN: LYNN-000084-000499-000031

Massachusetts Essex County Lynn 01902 Lynn English

347 Chestnut St, Lynn, MA

Not Listed for Sale

MultiFamily

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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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