Team Valdez Mejia
Keller Williams Realty
(351) 208-2030
158 Total Sales
1 in Central Lynn
$569,900 Price
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
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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
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 3, 2022
Closed on
Dec 9, 2022
Sold by
Bought by
Seller's Agent
Stewart Silvestri
Gibson Sotheby's International Realty
Buyer's Agent
Shannon Henderson
eXp Realty LLC - Corporate Office
List Price
$799,000
Sold Price
$850,000
Premium/Discount to List
$51,000
6.38%
Views
86
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$720,000
Outstanding Balance
$689,342
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 31, 2006
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Central Lynn, MA
-
Team Valdez Mejia
-
Lisa Licata-Schepici
Lisa Licata-Schepici
Responds QuicklyL.L.S. Realty LLC
(351) 666-4792
59 Total Sales
1 in Central Lynn
$277,000 Price
-
Issam Dib
Issam Dib
Skyline Realty
(781) 776-5266
38 Total Sales
1 in Central Lynn
$350,000 Price
-
Juan Lopera-Martinez
Juan Lopera-Martinez
eXp Realty LLC
(339) 338-4961
85 Total Sales
1 in Central Lynn
$550,000 Price
-
Eugene Clements
Eugene Clements
Clements Realty Group
(351) 666-8361
46 Total Sales
1 in Central Lynn
$400,000 Price
-
Bart Foster
Bart Foster
Keller Williams Realty Boston-Metro | Back Bay
(857) 856-7950
26 Total Sales
1 in Central Lynn
$210,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $850,000 | None Available | ||
| $365,980 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $720,000 | ||
| Previous Owner | $117,229 | ||
| Previous Owner | $118,700 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
Seller's Agent in 2023
Stewart Silvestri
Gibson Sotheby's International Realty
(617) 733-5747
1 in this area
191 Total Sales
-
Shannon Henderson
Buyer's Agent in 2023
Shannon Henderson
eXp Realty LLC - Corporate Office
(617) 710-0929
1 in this area
58 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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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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