Seller's Agent in 2025
Cheryl Maggio
Laer Realty
(617) 818-6989
1 in this area
16 Total Sales
347 Summer St Lynn, MA 01905
Central Lynn Neighborhood
11
Beds
6
Baths
4,214
Sq Ft
4,813
Sq Ft Lot
Highlights
- Deck
- Property is near public transit and schools
- Home Office
- Cokato Elementary School Rated 10
- Wood Flooring
- Bathtub
About This Home
As of August 2025* Multiple Offer Alert* Highest and Best Due Friday, May 23rd, by 2pm. This sunny and spacious 3-family decker is tucked away from the street, and has been well maintained by the owner. All units are rented with no leases, and current rents are below market with lots of room to grow income here. Comprised of two 4-bedroom units and one 3-bedroom unit, each with 2 full baths, fully applianced eat-in kitchens, hardwood & laminate flooring, and newer exterior decks.The basement offers lots of storage and 2 sets of coin-operated washers and dryers. The shared driveway can accommodate up to 6 cars (2 spots per unit). Group Showing Wed., May 21st, 6 pm to 7 pm- Please register your attendance with listing agent (email or text message).
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,583
Year Built
- Built in 1900
Lot Details
- 4,813 Sq Ft Lot
- Level Lot
Home Design
- Triplex
- Stone Foundation
- Frame Construction
- Rubber Roof
Interior Spaces
- 4,214 Sq Ft Home
- Property has 1 Level
- Ceiling Fan
- Living Room
- Home Office
- Washer and Gas Dryer Hookup
Kitchen
- Range with Range Hood
- Microwave
- Dishwasher
- Trash Compactor
- Disposal
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 11 Bedrooms
- 6 Full Bathrooms
- Bathtub
- Separate Shower
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- 6 Car Parking Spaces
- Driveway
- Paved Parking
- Open Parking
- Off-Street Parking
Outdoor Features
- Deck
- Patio
Location
- Property is near public transit and schools
Utilities
- Forced Air Heating System
- Heating System Uses Natural Gas
- Baseboard Heating
- 100 Amp Service
Listing and Financial Details
- Total Actual Rent $6,300
- Rent includes unit 1(water), unit 3(water)
- Assessor Parcel Number M:052 B:740 L:024,2006303
Community Details
Building Details
- Electric Expense $500
- Insurance Expense $4,500
- Water Sewer Expense $2,250
- Operating Expense $16,833
- Net Operating Income $58,767
Additional Features
- 3 Units
- Shops
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 16, 2025
Closed on
Aug 1, 2025
Sold by
Chhim Sorasokhon and Koch Srey K
Bought by
Reza Md A
Seller's Agent
Cheryl Maggio
LAER Realty Partners
Buyer's Agent
ZAHIDUL ISLAM
Cameron Prestige, LLC
List Price
$1,100,000
Sold Price
$1,115,000
Premium/Discount to List
$15,000
1.36%
Views
13
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$5,518
Avg. Annual Appreciation
-1.15%
Original Mortgage
$780,500
Outstanding Balance
$778,496
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$330,986
Purchase Details
Closed on
May 27, 2004
Sold by
Tuon Bun Loen
Bought by
Chhim Sorasokhon
Purchase Details
Closed on
Apr 25, 1995
Sold by
Emc Mtg Corp
Bought by
Maclean Scott
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,115,000 | -- | |
| Deed | $1,115,000 | -- | |
| Deed | $1,115,000 | -- | |
| Deed | -- | -- | |
| Land Court Massachusetts | -- | -- | |
| Land Court Massachusetts | -- | -- | |
| Leasehold Conv With Agreement Of Sale Fee Purchase Hawaii | $18,200 | -- | |
| Leasehold Conv With Agreement Of Sale Fee Purchase Hawaii | $18,200 | -- | |
| Leasehold Conv With Agreement Of Sale Fee Purchase Hawaii | $18,200 | -- | |
| Leasehold Conv With Agreement Of Sale Fee Purchase Hawaii | $18,200 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $780,500 | New Conventional | |
| Closed | $780,500 | Purchase Money Mortgage | |
| Previous Owner | $332,500 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/01/2025 08/01/25 | Sold | $1,115,000 | +1.4% | $265 / Sq Ft |
| 05/22/2025 05/22/25 | Pending | -- | -- | -- |
| 05/16/2025 05/16/25 | For Sale | $1,100,000 | -- | $261 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $9,583 | $925,000 | $193,500 | $731,500 |
| 2024 | $9,493 | $901,500 | $177,800 | $723,700 |
| 2023 | $8,971 | $804,600 | $158,300 | $646,300 |
| 2022 | $9,035 | $726,900 | $148,800 | $578,100 |
| 2021 | $8,376 | $642,800 | $116,300 | $526,500 |
| 2020 | $7,788 | $581,200 | $97,100 | $484,100 |
| 2019 | $7,462 | $521,800 | $83,400 | $438,400 |
| 2018 | $7,022 | $463,500 | $91,300 | $372,200 |
| 2017 | $6,764 | $433,600 | $80,700 | $352,900 |
| 2016 | $6,333 | $391,400 | $76,400 | $315,000 |
| 2015 | $5,610 | $334,900 | $65,800 | $269,100 |
Source: Public Records
Agents Affiliated with this Home
-
Cheryl Maggio
-
ZAHIDUL ISLAM
Buyer's Agent in 2025
ZAHIDUL ISLAM
Cameron Prestige, LLC
(857) 891-4053
3 in this area
114 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73376579
APN: LYNN-000052-000740-000024
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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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