Seller's Agent in 2022
Joseph Scapicchio
Berkshire Hathaway HomeServices Warren Residential
(617) 791-1112
1 in this area
33 Total Sales
386 Eastern Ave Lynn, MA 01902
Chatham Street NeighborhoodEstimated Value: $926,000 - $1,008,030
6
Beds
4
Baths
3,540
Sq Ft
$270/Sq Ft
Est. Value
About This Home
As of January 2022Welcome to 386 Eastern Ave., annual estimated rent: $60,000! Near the Swampscott line in the desirable neighborhood of Aborn Elementary School. Directly off Rt. 129, seconds to 1A & 107, minutes to Rt. 1,128, I-95 With approximately 3500 square feet, this 3-family is chock full of investment and income potential. Each two-bed, one-bath unit features over 1000 sq ft of bright open living space with a flowing kitchen, dining, and living room layout. (See floor plans). Plus there is an additional full bath and finished office in the basement! Original classic woodwork, wood flooring, moldings, and built-in china cabinets are found throughout the building. Additionally, plumbing has been updated along with newer water heaters and a newer 40-year roof. This TWENTY-room building sits on 5160 sqft. Lot with 6+ parking spaces. Two front porches, 2 three-season porches, partially finished basement, separate utilities. Come check out the potential for this cash cow! First showing is open house.
Last Agent to Sell the Property
Berkshire Hathaway HomeServices Warren Residential Listed on: 12/01/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,611
Year Built
- 1932
Lot Details
- 5,227
Interior Spaces
- Property has 1 Level
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 1, 2021
Closed on
Jan 20, 2022
Sold by
Ndirangu Ben
Bought by
Alam Lorry and Leak Sophea
Seller's Agent
Joseph Scapicchio
Berkshire Hathaway HomeServices Warren Residential
Buyer's Agent
Johnny Long
PRIVI Realty LLC
List Price
$750,000
Sold Price
$775,000
Premium/Discount to List
$25,000
3.33%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,008
Avg. Annual Appreciation
5.94%
Original Mortgage
$760,962
Outstanding Balance
$704,182
Interest Rate
3.11%
Mortgage Type
FHA
Estimated Equity
$250,826
Purchase Details
Closed on
Oct 26, 2007
Sold by
Pena Salvador A
Bought by
Ndirangu Ben
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$269,800
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 11, 2004
Sold by
Recor Henry R and Recor Marissa A
Bought by
Pena Salvador A
Purchase Details
Closed on
Sep 11, 2000
Sold by
Barbuzzi Carmella A
Bought by
Recor Marissa A and Recor Henry R
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Alam Lorry | $775,000 | None Available | |
| Ndirangu Ben | $351,500 | -- | |
| Ndirangu Ben | $351,500 | -- | |
| Pena Salvador A | $457,000 | -- | |
| Pena Salvador A | $457,000 | -- | |
| Recor Marissa A | $279,000 | -- | |
| Recor Marissa A | $279,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Alam Lorry | $760,962 | |
| Closed | Alam Lorry | $760,962 | |
| Previous Owner | Barbuzzi Donald | $269,800 | |
| Previous Owner | Barbuzzi Donald | $70,300 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/20/2022 01/20/22 | Sold | $775,000 | +3.3% | $219 / Sq Ft |
| 12/07/2021 12/07/21 | Pending | -- | -- | -- |
| 12/01/2021 12/01/21 | For Sale | $750,000 | -- | $212 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $8,611 | $831,200 | $202,600 | $628,600 |
| 2024 | $8,575 | $814,300 | $192,900 | $621,400 |
| 2023 | $8,625 | $773,500 | $188,100 | $585,400 |
| 2022 | $8,446 | $679,500 | $156,900 | $522,600 |
| 2021 | $7,954 | $610,400 | $135,400 | $475,000 |
| 2020 | $7,556 | $563,900 | $127,900 | $436,000 |
| 2019 | $7,342 | $513,400 | $119,500 | $393,900 |
| 2018 | $6,808 | $449,400 | $116,500 | $332,900 |
| 2017 | $6,485 | $415,700 | $102,800 | $312,900 |
| 2016 | $5,982 | $369,700 | $91,000 | $278,700 |
| 2015 | $5,358 | $319,900 | $82,600 | $237,300 |
Source: Public Records
Agents Affiliated with this Home
-
Joseph Scapicchio
-
Johnny Long
Buyer's Agent in 2022
Johnny Long
PRIVI Realty LLC
(617) 275-1415
2 in this area
144 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72923991
APN: LYNN-000096-000465-000007
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.
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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