NOT LISTED FOR SALE

378 Summer St Lynn, MA 01905

West Lynn Neighborhood

Estimated Value: $720,900 - $834,000

7 Beds
3 Baths
3,019 Sq Ft
$256/Sq Ft Est. Value

Sale Details

Date Sold: December 9, 2021

Last sale price $610,000 $202 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $4,748 / mo

About This Home

As of December 2021

Spacious and well-Designed Two-Family home within the 01905 neighborhood, just steps to Market Basket, The Purple line T, Lynn Common and numerous restaurant and shopping venues. This sun-filled home offers well-proportioned rooms, high ceilings, eat-in kitchens, hardwood flooring, natural woodwork trim, bay windows, plus ample out-door space. The first-floor unit currently has 2 levels 1.5 bath and 3 bedrooms unit 2 . The upper unit consists of the 2nd & 3rd floors, and offers four full bedrooms, plus a back wood deck . Opportunity with a 12 Car Driveway Wonderful opportunity for a home with income, investment property, condominium project,

Last Agent to Sell the Property

Javier Palacios

Triton America Realty LLC Listed on: 10/28/2021

Last Buyer's Agent

John Guerini

Keller Williams Realty Evolution

Keller Williams Realty Evolution

Property Details

Home Type

  • Multi-Family

Year Built

  • 1900

Lot Details

  • 6,098

Additional Features

  • Property has 2 Levels
  • 2 Heating Zones

Property Details

Home Type

Multi-Family

Year Built

1900

Lot Details

6,098 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Directions: COMMERCIAL ST TO SUMMER ST
  • Garage Yn: No
  • Efficiency: Thermostat
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Year Built Details: Approximate
  • Special Features: None
  • Year Built: 1900

Interior Features

  • Appliances: Gas Water Heater,Tank Water Heater,Water Heater(Separate Booster), Utility Connections for Gas Range, Utility Connections for Gas Oven, Utility Connections for Electric Dryer, Utility Connections Varies per Unit
  • Has Basement: Full, Partially Finished, Walk-Out Access, Interior Entry
  • MAIN LO: NB5197
  • MAIN SO: C95098
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 7
  • Door Features: Insulated Doors
  • Fireplace: No
  • Flooring: Wood,Tile,Varies Per Unit,Hardwood
  • Other Equipment: Satellite Dish
  • Stories: 4
  • Window Features: Insulated Windows, Storm Window(s), Screens

Exterior Features

  • Roof: Shingle
  • Exterior Features: Rain Gutters, Varies per Unit
  • Foundation Details: Concrete Perimeter, Block, Slab
  • Construction Type: Frame
  • Disclosures: Tenancy At Will
  • Exclusions: Personal Property
  • Fencing: Fenced/Enclosed, Fenced
  • Lot Features: Level, Other
  • Patio And Porch Features: Deck, Deck - Wood, Covered
  • Waterfront Features: Beach Front, Beach Access, Harbor, Ocean, Walk to, 1 to 2 Mile To Beach, Beach Ownership(Public)
  • Waterfront: Yes

Garage/Parking

  • Parking Features: Paved Drive, Off Street, Assigned, Guest, Driveway, Paved
  • Open Parking: Yes
  • Total Parking Spaces: 12

Utilities

  • SEWAGE DISTRICT: LYNN
  • HEAT UNITS: 2
  • HEAT ZONES: 2
  • COOLING ZONES: 0
  • Electric: 110 Volts, Individually Metered
  • Laundry Features: Washer Hookup
  • Sewer: Public Sewer
  • Utilities: for Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup, Varies per Unit
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University, Other, Sidewalks

Lot Info

  • LOT SIZE: 5894
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 6098.4
  • Zoning: BD

Multi Family

  • LEVELS 1: 2
  • LEASE 2: N
  • LEASE 1: N
  • Annual Gross Income: 48600
  • Number Of Units Total: 2
  • Annual Operating Expense: 6000
  • Total Actual Rent: 3950

Tax Info

  • Tax Annual Amount: 5393
  • Tax Book Number: 36563
  • Tax Year: 2021

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
Oct 28, 2021
Closed on
Dec 7, 2021
Sold by
Bought by
Seller's Agent
Javier Palacios
Triton America Realty LLC
Buyer's Agent
John Guerini
Keller Williams Realty Evolution
List Price
$609,723
Sold Price
$610,000
Premium/Discount to List
$277
0.05%
Current Estimated Value
$773,725

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$163,725
Avg. Annual Appreciation
5.39%
Original Mortgage
$589,641
Outstanding Balance
$534,694
Interest Rate
3.14%
Mortgage Type
FHA
Estimated Equity
$239,031

Purchase Details

Closed on
Mar 1, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,481
Interest Rate
4.04%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 11, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,500
Interest Rate
3.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 17, 2010
Sold by
Bought by

Purchase Details

Closed on
Jun 12, 1995
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$22,500
Interest Rate
8.21%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 15, 1994
Sold by
Bought by

Purchase Details

Closed on
Dec 11, 1989
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,300
Interest Rate
9.72%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

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
$610,000 None Available
$610,000 None Available
$435,000 --
$435,000 --
$435,000 --
$250,000 --
-- --
$25,000 --
$20,930 --
$147,000 --
$147,000 --
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 $589,641
Closed $589,641
Previous Owner $420,481
Previous Owner $202,500
Previous Owner $22,500
Previous Owner $132,300
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
12/09/2021 12/09/21 Sold $610,000 0.0% $202 / Sq Ft
10/29/2021 10/29/21 Pending -- -- --
10/29/2021 10/29/21 For Sale $609,723 -- $202 / 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 $6,828 $659,090 $210,000 $449,090
2024 $6,412 $608,900 $192,900 $416,000
2023 $6,231 $558,800 $171,800 $387,000
2022 $6,548 $526,800 $161,500 $365,300
2021 $5,989 $459,600 $133,300 $326,300
2020 $5,394 $402,500 $111,300 $291,200
2019 $5,117 $357,800 $95,600 $262,200
2018 $4,951 $326,800 $104,500 $222,300
2017 $4,696 $301,000 $92,400 $208,600
2016 $4,412 $272,700 $87,500 $185,200
2015 $4,030 $240,600 $75,400 $165,200
Source: Public Records

Agents Affiliated with this Home

  • Javier Palacios

    Seller's Agent in 2021

    Javier Palacios

    Triton America Realty LLC

    (617) 413-4039

    1 in this area

    12 Total Sales

    Javier Palacios
    Section Image
  • John Guerini

    Buyer's Agent in 2021

    John Guerini

    Keller Williams Realty Evolution

    (617) 699-4954

    1 in this area

    103 Total Sales

    John Guerini
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72914084

MLS Property Information Network (MLS PIN)

APN: LYNN-000052-000773-000004

Massachusetts Essex County Lynn 01905 West Lynn

378 Summer St, Lynn, MA

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MLS Property Information Network (MLS PIN) 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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