Seller's Agent in 2023
Stewart Silvestri
Gibson Sotheby's International Realty
(617) 733-5747
1 in this area
176 Total Sales
349-351 Summer St Lynn, MA 01905
Central Lynn Neighborhood
14
Beds
4
Baths
5,335
Sq Ft
8,081
Sq Ft Lot
About This Home
As of January 2023Must-see fabulous investment opportunity with terrific upside. This four-unit multi-family offers 2 recently-renovated units (349 Summer St. units 1 & 3), 4 off-street parking spots and shared in-building laundry (basement) in central Lynn location close to Boston Logan International Airport, Revere Beach, parks and public transportation, shops, restaurants and more. First floor units are both 2-3 bedroom with spacious layouts and good flow. Top two units are duplex units with 4 bedrooms, good layouts, and wood floors. Increased income potential. Open House Sat & Sun 2-3:30pm, Mon 4-5pm
Last Agent to Sell the Property
Gibson Sotheby's International Realty Listed on: 11/03/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,439
Year Built
- Built in 1890 | Remodeled
Lot Details
- 8,081
Home Design
- 5,335 Sq Ft Home
Kitchen
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 14 Bedrooms
- 4 Full Bathrooms
Parking
- 4 Car Parking Spaces
- Driveway
- Paved Parking
- Open Parking
- Off-Street Parking
Additional Features
- Porch
- 8,081 Sq Ft Lot
- Unfinished Basement
Listing and Financial Details
- Total Actual Rent $6,700
- Rent includes unit 1(water), unit 2(water), unit 3(water), unit 4(water)
- Assessor Parcel Number M:052 B:740 L:025,2006304
Community Details
Overview
- 4 Units
- Property has 1 Level
Building Details
- Electric Expense $600
- Insurance Expense $5,297
- Water Sewer Expense $2,400
- Operating Expense $8,477
- Net Operating Income $71,923
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/11/2023 01/11/23 | Sold | $850,000 | +6.4% | $159 / Sq Ft |
| 11/06/2022 11/06/22 | Pending | -- | -- | -- |
| 11/03/2022 11/03/22 | For Sale | $799,000 | -- | $150 / 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 | $12,431 | $1,199,900 | $222,800 | $977,100 |
| 2024 | $14,783 | $1,403,900 | $204,700 | $1,199,200 |
| 2023 | $12,897 | $1,156,700 | $182,300 | $974,400 |
| 2022 | $12,439 | $1,000,700 | $171,400 | $829,300 |
| 2021 | $12,494 | $958,900 | $141,400 | $817,500 |
| 2020 | $11,737 | $875,900 | $118,100 | $757,800 |
| 2019 | $10,142 | $709,200 | $101,400 | $607,800 |
| 2018 | $9,611 | $634,400 | $110,900 | $523,500 |
| 2017 | $8,683 | $556,600 | $98,100 | $458,500 |
| 2016 | $7,975 | $492,900 | $92,800 | $400,100 |
| 2015 | $6,645 | $396,700 | $80,000 | $316,700 |
Source: Public Records
Agents Affiliated with this Home
-
Stewart Silvestri
-
Shannon Henderson
Buyer's Agent in 2023
Shannon Henderson
eXp Realty
(617) 710-0929
1 in this area
67 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73055272
APN: LYNN M:052 B:740 L:025
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