NOT LISTED FOR SALE

38 Melvin Ave Lynn, MA 01902

Eastern Avenue Neighborhood

Estimated Value: $611,000 - $657,087

4 Beds
3 Baths
1,511 Sq Ft
$420/Sq Ft Est. Value

Last Sold February 12, 2016

Last sale price $280,000 $185 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $3,862/month

About This Home

As of February 2016

This home is located at 38 Melvin Ave, Lynn, MA 01902 since 28 December 2015 and is currently estimated at $634,022, approximately $419 per square foot. This property was built in 1900. 38 Melvin Ave is a home located in Essex County with nearby schools including Aborn Elementary School, William R. Fallon School, and Marshall Middle School.

Last Agent to Sell the Property

Rosa Valera

Valera Realty Services Listed on: 12/28/2015

Last Buyer's Agent

Peter Vasiliou

Panos Management

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,809

Year Built

1900

Lot Details

0

Listing Details

  • Lot Description: Paved Drive
  • Other Agent: 2.00
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1900

Interior Features

  • Fireplaces: 1
  • Has Basement: Yes
  • Fireplaces: 1
  • Number of Rooms: 7
  • Basement: Full, Partially Finished

Exterior Features

  • Exterior: Vinyl
  • Foundation: Fieldstone

Garage/Parking

  • Parking Spaces: 2

Utilities

  • Cooling: Window AC
  • Heating: Hot Water Baseboard, Gas

Lot Info

  • Assessor Parcel Number: M:105 B:422 L:051

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 28, 2015
Closed on
Feb 12, 2016
Sold by
Diaz Carmen L and Torres Linda
Bought by
Lukan Dolapo
Seller's Agent
Rosa Valera
Valera Realty Services
Buyer's Agent
Peter Vasiliou
Panos Management
List Price
$294,900
Sold Price
$280,000
Premium/Discount to List
-$14,900
-5.05%
Current Estimated Value
$634,022

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$354,022
Avg. Annual Appreciation
8.93%
Original Mortgage
$274,928
Interest Rate
3.5%
Mortgage Type
FHA

Purchase Details

Listed on
Feb 3, 2013
Closed on
Mar 29, 2013
Sold by
Prop Acquisition Grp L
Bought by
Diaz Carmen L and Torres Linda
Seller's Agent
Samantha Moynihan
Century 21 North East
Buyer's Agent
Guy Assetta
Assetta Hill Real Estate LLC
List Price
$259,999
Sold Price
$255,000
Premium/Discount to List
-$4,999
-1.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.30%
Original Mortgage
$242,200
Interest Rate
3.56%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 23, 2013
Sold by
Jimenez Miguel
Bought by
Prop Acquisition Grp L

Purchase Details

Closed on
Oct 17, 2003
Sold by
Dempsey Gail L and Dempsey Thomas C
Bought by
Jimenez Miguel and Avalos Maria

Purchase Details

Closed on
Oct 30, 1997
Sold by
Maguire Beverly
Bought by
Dempsey Thomas C and Dempsey Gail L
Source: Public Records

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

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
Lukan Dolapo $280,000 --
Diaz Carmen L $255,000 --
Prop Acquisition Grp L $164,000 --
Prop Acquisition Grp L $164,000 --
Jimenez Miguel $260,000 --
Jimenez Miguel $260,000 --
Dempsey Thomas C $135,000 --
Dempsey Thomas C $135,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lukan Dolapo $267,403
Closed Lukan Dolapo $274,928
Previous Owner Dempsey Thomas C $242,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2016 02/12/16 Sold $280,000 -5.1% $185 / Sq Ft
12/28/2015 12/28/15 Pending -- -- --
12/28/2015 12/28/15 For Sale $294,900 +15.6% $195 / Sq Ft
03/29/2013 03/29/13 Sold $255,000 -1.9% $169 / Sq Ft
03/13/2013 03/13/13 Pending -- -- --
02/03/2013 02/03/13 For Sale $259,999 -- $172 / 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 $5,809 $560,700 $199,800 $360,900
2024 $5,687 $540,100 $187,800 $352,300
2023 $5,383 $482,800 $185,300 $297,500
2022 $5,392 $433,800 $149,100 $284,700
2021 $4,807 $368,900 $126,100 $242,800
2020 $4,561 $340,400 $123,100 $217,300
2019 $4,586 $320,700 $115,000 $205,700
2018 $4,625 $305,300 $123,900 $181,400
2017 $4,346 $278,600 $102,200 $176,400
2016 $4,364 $269,700 $102,700 $167,000
2015 $4,265 $254,600 $102,700 $151,900
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2016

    Rosa Valera

    Valera Realty Services

    Section Image
  • Peter Vasiliou

    Buyer's Agent in 2016

    Peter Vasiliou

    Panos Management

    (781) 346-9501

    1 Total Sale

    Peter Vasiliou
    Section Image

  • S

    Seller's Agent in 2013

    Samantha Moynihan

    Century 21 North East

    Section Image
  • Guy Assetta

    Buyer's Agent in 2013

    Guy Assetta

    Assetta Hill Real Estate LLC

    (781) 316-6634

    40 Total Sales

    Guy Assetta
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 71943557

MLS Property Information Network (MLS PIN)

APN: LYNN-000105-000422-000051

Massachusetts Essex County Lynn 01902 Eastern Avenue

38 Melvin Ave, Lynn, MA

This home is located at 38 Melvin Ave, Lynn, MA 01902 since 28 December 2015 and is currently estimated at $634,022, approximately $419 per square foot. This property was built in 1900. 38 Melvin Ave is a home located in Essex County with nearby schools including Aborn Elementary School, William R. Fallon School, and Marshall Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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.

Nearby Homes