NOT LISTED FOR SALE

Estimated Value: $798,889 - $836,000

5 Beds
2 Baths
2,366 Sq Ft
$344/Sq Ft Est. Value

Last Sold June 25, 2024

Last sale price $780,000 $330 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $5,003/month

40 Days on Market

Highlights

  • Solar Power System
  • Property is near public transit
  • Tandem Parking
  • Deck
  • Porch
  • 2-minute walk to Cook Street Park

About This Home

As of June 2024

This attractive two-family home in Lynn, Massachusetts, is back on the market due to a delay in the previous buyer's 1031 exchange and offers a unique opportunity for both investors and those seeking a primary residence with rental income potential. Featuring a semi-finished basement and walk-up attic ready for transformation into additional living spaces, the first unit includes two bedrooms and one bathroom, while the second offers three bedrooms and one bathroom. The property also boasts practical amenities such as a two-car garage and energy-efficient solar panels leased from Sunnova, reducing utility costs with a monthly solar contract of $105.95 to be assumed by the new owner. Sold as-is, this home is perfect for maximizing rental yields or enjoying a mix of personal use and income generation, making it a smart investment in a desirable, sustainability-focused home.

Last Agent to Sell the Property

Karrysen Smith

Centre Realty Group Listed on: 04/18/2024

Centre Realty Group

Last Buyer's Agent

Esteban Higuita

Broad Sound Real Estate, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,691

Year Built

  • Built in 1900

Lot Details

  • 5,820 Sq Ft Lot
  • Gentle Sloping Lot

Parking

  • 2 Car Garage
  • Tandem Parking
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Block Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,366 Sq Ft Home
  • Property has 1 Level
  • Insulated Windows
  • Living Room
  • Dining Room
  • Partially Finished Basement
  • Walk-Out Basement

Kitchen

  • Microwave
  • Freezer

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Porch

Utilities

  • Heating System Uses Oil
  • Heating System Uses Steam

Additional Features

  • Solar Power System
  • Property is near public transit

Listing and Financial Details

  • Total Actual Rent $2,000
  • Rent includes unit 1(water)
  • Assessor Parcel Number M:084 B:694 L:003,2004926

Community Details

Recreation

  • Park

Additional Features

  • 2 Units
  • Net Operating Income $24,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,691

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Year Built: 1900
  • Buyer Agency: 2
  • Transaction Broker: 0
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: RealEstateOwned
  • Stories: 3

Interior Features

  • Interior Amenities: Laundry Room, Living Room, Dining Room, Kitchen
  • Fireplace YN: No
  • Appliances: Washer, Dryer, Microwave, Refrigerator, Freezer
  • Total Bedrooms: 5
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Partially Finished, Walk-Out Access
  • Living Area: 2366
  • Spa YN: No
  • Stories Total: 3
  • Window Features: Insulated Windows
  • MAIN LO: BB5200
  • LIST PRICE PER Sq Ft: 294.08
  • PRICE PER Sq Ft: 329.67
  • MAIN SO: AN3502

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Block
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Deck
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Tandem, Paved
  • Total Parking Spaces: 5

Utilities

  • Sewer: Public Sewer
  • Heating: Steam, Oil
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Public Transportation, Park
  • Rent Includes: Unit 1(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:084 B:694 L:003,2004926
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Features: Gentle Sloping
  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Size Sq Ft: 5820
  • Lot Size Units: Acres
  • PAGE: 86
  • ResoLotSizeUnits: Acres

Green Features

  • Green Energy Generation: Solar

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 7691
  • Tax Book Number: 16651

Multi Family

  • Gross Income: 24000
  • Net Operating Income: 24000
  • Number Of Units Total: 2
  • Total Actual Rent: 2000
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 2: 1
  • LEASE 2: N
  • LEASE 1: Y
  • FLRS 1: 1
  • FLRS 2: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 15, 2005
Sold by
Stjean Mosley
Bought by
Stjean Mosley
Current Estimated Value
$814,472

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$290,000
Interest Rate
5.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 30, 2000
Sold by
Rios Cleofe and Rios Natividad
Bought by
St Jean Mosely

Purchase Details

Closed on
Sep 30, 1996
Sold by
Doucette Joseph B and Donahue William J
Bought by
Rios Cleofe and Rios Natividad
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
Stjean Mosley -- --
Stjean Mosley -- --
St Jean Mosely $216,000 --
St Jean Mosely $216,000 --
Rios Cleofe $126,500 --
Rios Cleofe $126,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rios Cleofe $310,000
Closed Rios Cleofe $290,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2024 06/25/24 Sold $780,000 +12.1% $330 / Sq Ft
05/29/2024 05/29/24 Pending -- -- --
05/20/2024 05/20/24 For Sale $695,800 0.0% $294 / Sq Ft
04/19/2024 04/19/24 Pending -- -- --
04/18/2024 04/18/24 For Sale $695,800 -- $294 / 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 $8,219 $793,318 $206,900 $586,418
2024 $7,691 $730,400 $186,700 $543,700
2023 $7,730 $693,300 $186,700 $506,600
2022 $7,755 $623,900 $152,700 $471,200
2021 $7,305 $560,600 $139,300 $421,300
2020 $6,502 $485,200 $108,800 $376,400
2019 $6,369 $445,400 $106,100 $339,300
2018 $5,921 $390,800 $102,500 $288,300
2017 $5,449 $349,300 $79,700 $269,600
2016 $4,966 $306,900 $67,200 $239,700
2015 $4,796 $286,300 $72,100 $214,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73225942

MLS Property Information Network (MLS PIN)

APN: LYNN-000084-000694-000003