M
Seller's Agent in 2015
Matthew Newhall
Century 21 Tradition - Georgetown
40 Park Rd Lynn, MA 01904
Lynn Woods NeighborhoodEstimated Value: $486,000 - $555,000
12
Beds
6
Baths
6,828
Sq Ft
$78/Sq Ft
Est. Value
About This Home
As of November 2015Investor alert! Looking to get in to the investment game? Already an investor and just looking to add to your growing portfolio? No matter what kind of investor you are, this home could be a great fit for you. A true six-family featuring six apartments each consisting of five rooms, two bedrooms and a full bathroom. All currently tenanted with total rents of around $5400/month. The rents have room to grow but, even with the current rents, the home generates a generous positive cash flow. Each floor offers a rear deck shared between the units. Large basement. Potential for off-street tandem parking in the rear. Nice corner lot close to Lynn Commons, restaurants, stores, public transportation and more. Home will shown during group showings only.
Last Agent to Sell the Property
Matthew Newhall
Century 21 Tradition - Georgetown License #454004906 Listed on: 08/28/2015
Last Buyer's Agent
Matthew Newhall
Century 21 Tradition - Georgetown License #454004906 Listed on: 08/28/2015
Property Details
Home Type
Multi-Family
Year Built
1903
Lot Details
5,227 Sq Ft Lot
Listing Details
- Lot Description: Corner, Paved Drive
- Other Agent: 2.00
- Special Features: None
- Property Sub Type: MultiFamily
- Stories: 5
- Year Built: 1903
Interior Features
- Has Basement: Yes
- Number of Rooms: 25
- Amenities: Public Transportation, Shopping, Park, Laundromat
- Electric: Circuit Breakers, Individually Metered, Varies per Unit
- Flooring: Wood
- Basement: Full, Interior Access, Bulkhead, Concrete Floor, Unfinished Basement
Exterior Features
- Construction: Frame
- Exterior: Vinyl
- Exterior Features: Deck
- Foundation: Fieldstone
- Beach: Ocean
- Beach Ownership: Public
Garage/Parking
- Parking: Off-Street, Tandem
- Parking Spaces: 3
Utilities
- Heat Zones: 6
- Hot Water: Natural Gas, Tank
- Utility Connections: for Gas Range
- Sewer: City/Town Sewer
- Water: City/Town Water
Condo/Co-op/Association
- Total Units: 5
Lot Info
- Assessor Parcel Number: M:053 B:726 L:018
- Zoning: R4
Multi Family
- Heat Units: 6
- Total Bedrooms: 12
- Total Floors: 9
- Total Full Baths: 6
- Total Levels: 3
- Total Rms: 24
- Total Rent_1: 5380
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 7, 2016
Sold by
Wolverton Ruth M Est and Wolverton
Bought by
Hurley John P and Hurley Diane M
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$176,000
Outstanding Balance
$140,046
Interest Rate
3.48%
Mortgage Type
New Conventional
Estimated Equity
$392,370
Purchase Details
Closed on
Jul 30, 1999
Sold by
Mobhair Clair
Bought by
Chartoff Brenda
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,750
Interest Rate
7.61%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 31, 1996
Sold by
Wolverton Frank D and Wolverton Cynthia A
Bought by
Donahue Matthew F
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
8.27%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hurley John P | $220,000 | -- | |
| Hurley John P | $220,000 | -- | |
| Chartoff Brenda | $165,000 | -- | |
| Chartoff Brenda | $165,000 | -- | |
| Donahue Matthew F | $125,000 | -- | |
| Donahue Matthew F | $125,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hurley John P | $176,000 | |
| Closed | Hurley John P | $176,000 | |
| Previous Owner | Chartoff Brenda | $123,750 | |
| Previous Owner | Donahue Matthew F | $40,000 | |
| Previous Owner | Donahue Matthew F | $40,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/19/2015 11/19/15 | Sold | $560,000 | -6.7% | $82 / Sq Ft |
| 09/28/2015 09/28/15 | Pending | -- | -- | -- |
| 08/28/2015 08/28/15 | For Sale | $599,900 | -- | $88 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
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 | $5,149 | $497,000 | $201,600 | $295,400 |
| 2024 | $5,224 | $496,100 | $200,300 | $295,800 |
| 2023 | $5,139 | $460,900 | $200,300 | $260,600 |
| 2022 | $5,171 | $416,000 | $176,500 | $239,500 |
| 2021 | $4,791 | $367,700 | $150,900 | $216,800 |
| 2020 | $4,650 | $347,000 | $143,800 | $203,200 |
| 2019 | $4,689 | $327,900 | $135,900 | $192,000 |
| 2018 | $4,542 | $299,800 | $136,800 | $163,000 |
| 2017 | $4,360 | $279,500 | $128,400 | $151,100 |
| 2016 | $4,540 | $280,600 | $113,800 | $166,800 |
| 2015 | $4,043 | $241,400 | $106,800 | $134,600 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 71896349
APN: LYNN-000060-000029-000002
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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