NOT LISTED FOR SALE

402 Eastern Ave Lynn, MA 01902

Chatham Street Neighborhood

Estimated Value: $1,066,527

6 Beds
4 Baths
3,180 Sq Ft
$335/Sq Ft Est. Value

Last Sold February 16, 2022

Last sale price $840,000 $264 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $5,800/month

187 Days on Market

About This Home

As of February 2022

Wow Family owned for 70 years and exceptionally cared for. 5-5-4 Three family plus store front for additional income. This property is great for an owner occupant or an investor. First floor features a sunporch and front porch, hard wood floors, large eat-in kitchen , formal dining room , living room, and 2 bedrooms. Second floor has front porch, hard wood floors, large eat-in kitchen , formal dining room , living room, and 2 bedrooms. Cozy third floor has eat-in country kitchen, living room and 2 bedrooms plus porch. Nice corner lot with 2 car garage, 4th unit is a free standing store/shop/office. Updated separate utilities for all units . Close to schools, Train Station, bus stop and Beaches . Easy commute to Boston

Last Agent to Sell the Property

Rich Powers

Toner Real Estate, LLC Listed on: 07/10/2021

Last Buyer's Agent

Wahidul Shaikh

Boston BD Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • 1900

Lot Details

  • 4,792

Parking

  • 2

Additional Features

  • Property has 1 Level
  • 3 Heating Zones

Property Details

Home Type

Multi-Family

Year Built

1900

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Directions: Western to Eastern , Across from Aborn School
  • Garage Yn: Yes
  • Road Frontage Type: Public
  • Year Built Details: Approximate
  • Special Features: None
  • Year Built: 1900

Interior Features

  • Appliances: Unit 1(Range,Refrigerator), Unit 2(Range,Refrigerator), Unit 3(Range,Refrigerator), Gas Water Heater,Tank Water Heater, Utility Connections for Gas Range
  • Has Basement: Full, Interior Entry, Bulkhead, Concrete
  • Total Bathrooms: 3.5
  • MAIN LO: AC1714
  • LIST PRICE PER Sq Ft: 264.12
  • PRICE PER Sq Ft: 264.15
  • MAIN SO: BB3298
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Wood,Vinyl,Varies Per Unit,Laminate,Hardwood, Unit 1(undefined), Unit 2(Hardwood Floors,Wood Flooring,Stone/Ceramic Tile Floor), Unit 3(Hardwood Floors)
  • Interior Amenities: Unit 1(Storage,Upgraded Cabinets,Bathroom With Tub & Shower), Unit 2(Upgraded Cabinets,Bathroom With Tub & Shower), Unit 3(Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Dining Room,Kitchen,Sunroom), Unit 2 Rooms(Living Room,Dining Room,Kitchen), Unit 3 Rooms(Living Room,Kitchen), Unit 4 Rooms(Office/Den)
  • Stories: 7

Exterior Features

  • Roof: Shingle
  • Foundation Details: Stone, Brick/Mortar
  • Construction Type: Frame
  • Disclosures: First Showings Will Be At Open House Offers Due By Monday 1/10/22 At 5 Pm Please Allow 72 Hours For Family To Review Offers, Property Will Be Delivered Vacant
  • Home Warranty: No
  • Lot Features: Corner Lot, Level
  • Patio And Porch Features: Enclosed
  • Waterfront Features: Beach Front, Ocean, 3/10 to 1/2 Mile To Beach, Beach Ownership(Public)
  • Waterfront: Yes

Garage/Parking

  • Parking Features: Paved Drive, Off Street, Driveway, Paved
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 4

Utilities

  • Cooling: Unit 1(None)
  • Heating: Unit 1(Hot Water Radiators,Oil), Unit 2(Hot Water Baseboard,Oil), Unit 3(Hot Water Radiators,Oil)
  • HEAT UNITS: 3
  • HEAT ZONES: 3
  • COOLING ZONES: 0
  • Cooling Y N: No
  • Electric: 220 Volts, Circuit Breakers, 100 Amp Service
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Conservation Area, Highway Access, House of Worship, Private School, Public School, T-Station
  • Senior Community: No

Lot Info

  • LOT SIZE: 5000
  • PAGE: 81
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 4791.6
  • Zoning: R1

Multi Family

  • LEVELS 1: 1
  • LEVELS 4: 1
  • LEVELS 2: 1
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 4: 1
  • FLRS 3: 3
  • FLRS 2: 2
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 5140.33
  • Tax Book Number: 20505
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2021
Closed on
Feb 14, 2022
Sold by
Sarcia 402 Eastern Ave Rt
Bought by
402 Eastern Ave Rlty Llc
Seller's Agent
Rich Powers
Toner Real Estate, LLC
Buyer's Agent
Wahidul Shaikh
Boston BD Realty
Sold Price
$840,000
Current Estimated Value
$1,066,527

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$226,527
Avg. Annual Appreciation
6.96%

Purchase Details

Closed on
Apr 2, 2003
Sold by
Sarcia Suzanne
Bought by
Sarcia 402 Eastern Ave
Source: Public Records

Range of Values:

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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
402 Eastern Ave Rlty Llc $840,000 None Available
Sarcia 402 Eastern Ave -- --
Sarcia 402 Eastern Ave -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/16/2022 02/16/22 Sold $840,000 +5.0% $264 / Sq Ft
01/13/2022 01/13/22 Pending -- -- --
01/03/2022 01/03/22 For Sale -- -- --
07/23/2021 07/23/21 Pending -- -- --
07/10/2021 07/10/21 For Sale $799,900 -- $252 / 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 -- $760,400 $201,700 $558,700
2024 -- $680,500 $192,100 $488,400
2023 $0 $690,500 $187,300 $503,200
2022 $0 $415,900 $156,200 $259,700
2021 $0 $394,500 $134,800 $259,700
2020 $0 $386,300 $127,300 $259,000
2019 $0 $376,300 $119,000 $257,300
2018 $0 $372,600 $115,900 $256,700
2017 $0 $341,700 $102,400 $239,300
2016 $5,926 $329,900 $90,600 $239,300
2015 $5,926 $303,400 $82,300 $221,100
Source: Public Records

Agents Affiliated with this Home

  • Rich Powers

    Seller's Agent in 2022

    Rich Powers

    Toner Real Estate, LLC

    (781) 608-6628

    3 in this area

    113 Total Sales

    Rich Powers
    Section Image
  • Wahidul Shaikh

    Buyer's Agent in 2022

    Wahidul Shaikh

    Boston BD Realty

    (339) 223-4023

    1 in this area

    37 Total Sales

    Wahidul Shaikh
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72863659

MLS Property Information Network (MLS PIN)

APN: LYNN-000096-000464-000047

Massachusetts Essex County Lynn 01902 Chatham Street

402 Eastern Ave, Lynn, MA

This home is located at 402 Eastern Ave, Lynn, MA 01902 since 10 July 2021 and is currently estimated at $1,066,527, approximately $335 per square foot. This property was built in 1900. 402 Eastern 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.

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