$1,065,000
SOLD NOV 20, 2024
5 Beds
5 Baths
3,139 Sq Ft
4,748 Sq Ft Lot

Recently Sold

$339 Per Sq Ft

3% Below List Price

29 Days on Market

Highlights

  • Medical Services
  • Wood Flooring
  • Park
  • Property is near public transit
  • Corner Lot
  • Shops

About This Home

As of November 2024

Well situated just off of Lynn's Diamond District, this well maintained 5 unit would be a great addition to anyone's portfolio. Boasting a strong NOI, the property's seperate utilites help keep owner's costs down and profitability up. It's close proximity to major bus lines and the commuter rail make it a favorite spot for tenants....as does the beach only two blocks away. Fully occupied....the current rent roll is strong, but does leave room for minor rent increases as you turn units over. Email list agent for full Matterport tour of property. Group showings Sat Oct 5th 1030-1230 and Wed Oct 9th 530-630

Last Agent to Sell the Property

Paul Campano

Keller Williams Realty Boston Northwest

Keller Williams Realty Boston Northwest

Last Buyer's Agent

Paul Campano

Keller Williams Realty Boston Northwest

Keller Williams Realty Boston Northwest

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,824

Year Built

  • Built in 1890

Lot Details

  • 4,748 Sq Ft Lot
  • Near Conservation Area
  • Fenced
  • Corner Lot

Interior Spaces

  • 3,139 Sq Ft Home
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Parking

  • 2 Car Parking Spaces
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • 5 Heating Zones

Listing and Financial Details

  • Total Actual Rent $9,117
  • Assessor Parcel Number M:081 B:582 L:001,2002276

Community Details

Overview

  • 5 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Park

Building Details

  • Electric Expense $605
  • Insurance Expense $5,000
  • Water Sewer Expense $5,600
  • Operating Expense $20,478
  • Net Operating Income $109,404

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,824

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 1890
  • Year Built Details: Actual
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 5

Interior Features

  • Flooring: Wood
  • Fireplace YN: No
  • Total Bedrooms: 5
  • Full Bathrooms: 5
  • Total Bathrooms: 5
  • Total Bathrooms: 5
  • Basement: Full
  • Living Area: 3139
  • Spa YN: No
  • Stories Total: 5
  • MAIN LO: BB3298
  • LIST PRICE PER Sq Ft: 350.43
  • PRICE PER Sq Ft: 339.28
  • MAIN SO: BB3298

Exterior Features

  • Fencing: Fenced
  • Foundation Details: Other
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • HEAT UNITS: 5
  • HEAT ZONES: 5

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Conservation Area, Highway Access, House of Worship, Public School, T-Station
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 5600

Lot Info

  • Parcel Number: M:081 B:582 L:001,2002276
  • Zoning: R5
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.11
  • Lot Size Area: 0.11
  • Lot Size Sq Ft: 4748
  • Lot Size Units: Acres
  • PAGE: 349
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 7824
  • Tax Book Number: 24508

Multi Family

  • Electric Expense: 605
  • Gross Income: 109404
  • Insurance Expense: 5000
  • Net Operating Income: 109404
  • Number Of Units Total: 5
  • Operating Expense: 20478
  • Total Actual Rent: 9117
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: Y
  • LEASE 3: Y
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 1
  • FLRS 3: 1
  • FLRS 2: 1

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Similar Home in Lynn, MA

  • 550 Eastern Ave, Lynn, MA 01902

    $949,900

    • 6 Beds
    • 4 Baths
    • 2,386 Sq Ft
    • 550 Eastern Ave
    • Lynn, MA

    3 family Home in highly sought area of East Lynn. 2nd floor to be delivered vacant. This home has ample parking and large back yard. Great proximity to everything including schools, flax pond, shopping and more....... Perfect for owner occupied or Investment. CERTIFIED TREATED FOR LEAD PAINT. CERTIFICATES IN HAND!!!

    Francis Santaniello Weichert REALTORS® Blueprint Brokers

    Section Image

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/20/2024 11/20/24 Sold $1,065,000 -3.2% $339 / Sq Ft
11/01/2024 11/01/24 Pending -- -- --
10/03/2024 10/03/24 For Sale $1,100,000 -- $350 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73298232

MLS Property Information Network (MLS PIN)