NOT LISTED FOR SALE

Estimated Value: $1,058,000 - $1,106,000

12 Beds
3 Baths
4,083 Sq Ft
$263/Sq Ft Est. Value

Last Sold June 08, 2018

Last sale price $650,000 $159 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $6,704/month

9 Days on Market

About This Home

As of June 2018

MULITPLE OFFER NOTIFICATION. Please submit your Highest and Best no later than 12 noon 05/02. Looking for rental income??? Here is your chance! Massive Lynn Triple Decker with four bedrooms per unit. The property features separate utilities, front and back porches, driveway and high ceiling basement. Each unit has large bedrooms, hardwood floors, good size bathrooms, and eat-in kitchens. Exceptional rental potential!! Newer kitchen in some of the apartments. Convenient location in the heart of Lynn walking distance to commuter rail station and local restaurants. Easy access to the Lynnway and the Ferry to Boston. The property comes with a transfarable Home Protection Plan.

Last Agent to Sell the Property

Mission Impossible Team

United Brokers Listed on: 04/24/2018

Last Buyer's Agent

Juan Saenz

United Brokers

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,050

Year Built

  • Built in 1890

Lot Details

  • 3,485

Additional Features

  • Wood Flooring
  • Porch
  • Natural Gas Water Heater
  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:083 B:609 L:004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,050

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Other Agent: 2.00
  • Year Built Description: Actual
  • List Price Per Sq Ft: 151.85
  • Comp Based On: Net Sale Price
  • Year Built: 1890
  • Lead Paint: Certified Treated, Unknown
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1890

Interior Features

  • Flooring: Hardwood
  • Total Flrs: 6
  • No Bedrooms: 12
  • Total Brs: 12
  • Full Bathrooms: 3
  • Total Fbh: 3
  • No Rooms: 18
  • Basement: Y
  • Basement Features: Full
  • Main Lo: BB9067
  • Main So: BB9067
  • Estimated Sq Ft: 4083.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Beach Miles To: 1 to 2 Mile
  • Construction: Frame
  • Exterior: Vinyl
  • Exterior Features: Porch

Garage/Parking

  • Parking Feature: Off-Street, Tandem
  • Parking Spaces: 3

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Circuit Breakers
  • Heat Zones: 3
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, Private School, Public School, T-Station

Lot Info

  • Assessments: 432600.00
  • Acre: 0.08
  • Lot Size: 3354.00
  • Page: 355
  • Parcel Number: M:083 B:609 L:004
  • Zoning: R4
  • Lot Description: Gentle Slope

Multi Family

  • Heat Units: 3
  • Total Levels: 3
  • Total Rms: 18
  • No Units: 3
  • Mf Type: 3 Family

Tax Info

  • Taxes: 6554.00
  • Assessor Parcel Number: 2003076

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 24, 2018
Closed on
Jun 8, 2018
Sold by
Bruschi Emmanuel and Bruschi Oluwagbemisola
Bought by
Spinelli Nicholas
Seller's Agent
Mission Impossible Team
United Brokers
Buyer's Agent
Juan Saenz
United Brokers
List Price
$620,000
Sold Price
$650,000
Premium/Discount to List
$30,000
4.84%
Current Estimated Value
$1,074,214

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$424,214
Avg. Annual Appreciation
7.34%
Original Mortgage
$628,306
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Oct 26, 2016
Sold by
Sorinmade Oluwagbemisola
Bought by
Bruschi Oluwagbemisola and Bruschi Emmanuel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
3.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Oct 7, 2010
Sold by
Ramirez Ernesto and Ramirez Nancy
Bought by
Sorinmade Gbemisola

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,400
Interest Rate
4.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 1, 2001
Sold by
Guillen Domingo A and Santiago Evelyn A
Bought by
Ramirez Ernesto and Ramirez Nancy

Purchase Details

Closed on
Jul 31, 1997
Sold by
Gayle Rt
Bought by
Guillen Domingo A and Santiago Evelyn A

Purchase Details

Closed on
Sep 13, 1994
Sold by
Lynn Housing Authority
Bought by
Gayle Rt
Source: Public Records

Range of Values:

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Average Value
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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
Spinelli Nicholas $650,000 --
Bruschi Oluwagbemisola -- --
Sorinmade Gbemisola $220,000 --
Ramirez Ernesto $245,000 --
Guillen Domingo A $139,500 --
Gayle Rt $10,150 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spinelli Nicholas $619,962
Closed Spinelli Nicholas $626,983
Closed Spinelli Nicholas $628,306
Previous Owner Bruschi Oluwagbemisola $308,000
Previous Owner Gayle Rt $169,400
Previous Owner Gayle Rt $44,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2018 06/08/18 Sold $650,000 +4.8% $159 / Sq Ft
05/03/2018 05/03/18 Pending -- -- --
04/24/2018 04/24/18 For Sale $620,000 -- $152 / 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 $9,050 $873,600 $187,600 $686,000
2024 $9,047 $859,200 $180,900 $678,300
2023 $8,328 $746,900 $142,600 $604,300
2022 $8,303 $668,000 $128,800 $539,200
2021 $7,871 $604,100 $114,200 $489,900
2020 $7,464 $557,000 $107,600 $449,400
2019 $7,103 $496,700 $90,900 $405,800
2018 $6,554 $432,600 $90,100 $342,500
2017 $6,262 $401,400 $79,200 $322,200
2016 $5,605 $346,400 $59,600 $286,800
2015 $5,033 $300,500 $56,700 $243,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72314107

MLS Property Information Network (MLS PIN)

APN: LYNN-000083-000609-000004