NOT LISTED FOR SALE

40-42 Raddin Grove Ave Lynn, MA 01905

Lower Boston Street Neighborhood

Estimated Value: $826,244 - $958,000

8 Beds
6 Baths
2,810 Sq Ft
$315/Sq Ft Est. Value

Last Sold June 07, 2022

Last sale price $780,000 $278 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $5,672/month

6 Days on Market

Highlights

  • Medical Services
  • Jogging Path
  • Shops
  • Property is near public transit
  • Porch
  • Coin Laundry

About This Home

As of June 2022

Extremely well maintained Three Family in West Lynn. AFFORDABLE ASKING PRICE! The first floor is owner-occupied and will be delivered vacant for closing and has a modern kitchen with an updated bathroom. The second and third floors have long-term tenants. Plenty of room to grow rents and start building more equity quickly. Newer Roof, Separate utilities, large back yard, clean and dry basement, and front porches. not much to be done!!! First Showing will be a the Open house on Friday, April 15th from 12 Noon to 2 pm and Saturday, April 16th from 11 am to 1 pm. offers if any due on Monday, April 18th at Noon.

Last Listed By

Jorge Betancur

Century 21 Mario Real Estate Listed on: 04/12/2022

Century 21 Mario Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,675

Year Built

  • Built in 1912

Lot Details

  • 4,356

Home Design

  • 2,810 Sq Ft Home
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • 110 Volts
  • Gas Water Heater

Additional Features

  • Porch
  • 4,356 Sq Ft Lot
  • Property is near public transit

Listing and Financial Details

  • Assessor Parcel Number 1994016

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Jogging Path
  • Bike Trail

Building Details

  • Net Operating Income $36,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,675

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1912
  • Buyer Agency: 2
  • Buyer Agency Type: %
  • Transaction Broker: 0
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: None
  • Stories: 6

Interior Features

  • Fireplace YN: No
  • Appliances: Gas Water Heater
  • Total Bedrooms: 8
  • Full Bathrooms: 6
  • Total Bathrooms: 3
  • Total Bathrooms: 6
  • Basement: Full, Walk-Out Access
  • Living Area: 2810
  • Stories Total: 6
  • MAIN LO: BB2945
  • LIST PRICE PER Sq Ft: 265.12
  • PRICE PER Sq Ft: 277.58
  • MAIN SO: AN0974

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Patio And Porch Features: Porch
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Electric: 110 Volts
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path

Lot Info

  • Parcel Number: 1994016
  • Zoning: 0
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Size Sq Ft: 4356
  • Lot Size Units: Acres
  • LOT SIZE: 4200
  • PAGE: 483

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 7674.67
  • Tax Book Number: 35855

Multi Family

  • Gross Income: 36600
  • Net Operating Income: 36600
  • Number Of Units Total: 3
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEVELS 3: 2
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 3: 3
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2017
Closed on
May 10, 2017
Sold by
Nigro Jennifer
Bought by
Marmolejos-Sanchez Joel J
Seller's Agent
Jackie Forman
Century 21 North East
Buyer's Agent
Jose Zambrano
List Price
$439,900
Sold Price
$475,000
Premium/Discount to List
$35,100
7.98%
Total Days on Market
6
Current Estimated Value
$885,311

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$410,311
Avg. Annual Appreciation
8.03%
Original Mortgage
$450,243
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 3, 2008
Sold by
Fnma
Bought by
Nigro Jennifer

Purchase Details

Closed on
Oct 15, 2008
Sold by
Acosta Alfredo
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 31, 2000
Sold by
Marshall Shawn D and Marshall Kelly L
Bought by
Acosta Alfredo and Torres Aleja

Purchase Details

Closed on
Jul 3, 1997
Sold by
Fnma
Bought by
Marshall Shawn D

Purchase Details

Closed on
Jun 4, 1997
Sold by
Tucker Lloyd A
Bought by
Federal National Mortgage Association

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
Marmolejos-Sanchez Joel J $475,000 --
Nigro Jennifer $207,000 --
Nigro Jennifer $207,000 --
Federal National Mortgage Association $370,552 --
Federal National Mortgage Association $370,552 --
Acosta Alfredo $225,000 --
Acosta Alfredo $225,000 --
Marshall Shawn D $104,750 --
Marshall Shawn D $104,750 --
Federal National Mortgage Association $166,926 --
Federal National Mortgage Association $166,926 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leone Jessica $742,775
Closed Leone Jessica $742,775
Closed Marmolejos-Sanchez Joel J $450,243
Previous Owner Connor Rt $197,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2022 06/07/22 Sold $780,000 +4.7% $278 / Sq Ft
04/19/2022 04/19/22 Pending -- -- --
04/12/2022 04/12/22 For Sale $745,000 +56.8% $265 / Sq Ft
05/09/2017 05/09/17 Sold $475,000 +8.0% $169 / Sq Ft
03/24/2017 03/24/17 Pending -- -- --
03/18/2017 03/18/17 For Sale $439,900 -- $157 / 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 $8,591 $829,200 $185,600 $643,600
2024 $8,518 $808,900 $172,600 $636,300
2023 $8,465 $759,200 $190,900 $568,300
2022 $8,134 $654,400 $146,200 $508,200
2021 $7,675 $589,000 $126,300 $462,700
2020 $7,436 $554,900 $129,600 $425,300
2019 $7,161 $500,800 $115,700 $385,100
2018 $6,489 $428,300 $104,400 $323,900
2017 $6,143 $393,800 $91,400 $302,400
2016 $5,726 $353,900 $84,100 $269,800
2015 $5,303 $316,600 $86,500 $230,100
Source: Public Records

Agents Affiliated with this Home

  • Jorge Betancur

    Seller's Agent in 2022

    Jorge Betancur

    Century 21 Mario Real Estate

    (508) 677-5570

    5 in this area

    101 Total Sales

    Jorge Betancur
    Section Image
  • Chad Myers

    Buyer's Agent in 2022

    Chad Myers

    Mr. Chaddles Real Estate

    (857) 222-6677

    1 in this area

    13 Total Sales

    Chad Myers
    Section Image
  • Jackie Forman

    Seller's Agent in 2017

    Jackie Forman

    Century 21 North East

    (617) 921-3700

    43 Total Sales

    Jackie Forman
    Section Image
  • Jose Zambrano

    Buyer's Agent in 2017

    Jose Zambrano

    (781) 322-2622

    1 in this area

    147 Total Sales

    Jose Zambrano
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72965610

MLS Property Information Network (MLS PIN)

APN: LYNN-000021-000290-000006

Massachusetts Essex County Lynn 01905 Lower Boston Street

40-42 Raddin Grove Ave, Lynn, MA

Homes for Sale in Lynn, MA

This home is located at 40-42 Raddin Grove Ave, Lynn, MA 01905 since 12 April 2022 and is currently estimated at $885,311, approximately $315 per square foot. This property was built in 1912. 40-42 Raddin Grove Ave is a home located in Essex County with nearby schools including Julia F. Callahan Elementary School, William R. Fallon School, and Breed 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.

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