NOT LISTED FOR SALE

474 Summer St Lynn, MA 01905

West Lynn Neighborhood

Estimated Value: $777,273 - $860,000

6 Beds
3 Baths
2,911 Sq Ft
$286/Sq Ft Est. Value

Last Sold November 22, 2021

Last sale price $640,000 $220 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $4,949/month

About This Home

Introducing this priced to sell investment in the up-and-coming City of Lynn! Well located and requiring minimal maintenance, this two-family property comes with extra living space, vacant and ready to start providing you with rental income right away! Comprised of three levels, levels one and two have a flexible layout with 2-3 comfortable bedrooms, kitchen, living room, dining room, and full bathroom. The third level consists of a large family room, two ample bedrooms, and a full bathroom. Separate utilities, and easy off-street parking on Oakville make this a must-see opportunity. Just think of the potential with the new developments on GE River Works, the waterfront, and the proximity to the community bike path & Market Basket. Whether you plan to owner occupy or simply add to your portfolio, this magnificent opportunity is sure to sell quickly so don't miss out before this one slips away. Contact us today!

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2021
Closed on
Nov 24, 2021
Sold by
Blackwood Kevin and Blackwood F M
Bought by
Echavarria Kevin R
Seller's Agent
Mission Impossible Team
United Brokers
Buyer's Agent
Gary Blattberg
RE/MAX Beacon
Sold Price
$640,000
Current Estimated Value
$831,318

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$191,318
Avg. Annual Appreciation
6.26%
Original Mortgage
$480,000
Outstanding Balance
$439,285
Interest Rate
3.05%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$392,033

Purchase Details

Closed on
Nov 3, 2008
Sold by
Bank Of New York
Bought by
Mcleester-Blackwood Fdm and Blackwood Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,000
Interest Rate
5.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 23, 2008
Sold by
Mendoza Juan F and Mers
Bought by
Bank Of New York

Purchase Details

Closed on
Jun 21, 2004
Sold by
Martinez David T and Martinez Delmy
Bought by
Mendoza Juan F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$81,400
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 23, 2002
Sold by
Swanson Carl J
Bought by
Martinez David T and Martinez Delmy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
6.57%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
Not Available
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
Echavarria Kevin R $640,000 None Available
Mcleester-Blackwood Fdm $170,000 --
Mcleester-Blackwood Fdm $170,000 --
Mcleester-Blackwood Fdm $170,000 --
Bank Of New York $350,100 --
Bank Of New York $350,100 --
Mendoza Juan F $407,000 --
Mendoza Juan F $407,000 --
Mendoza Juan F $407,000 --
Martinez David T $320,000 --
Martinez David T $320,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Echavarria Kevin R $480,000
Previous Owner Mcleester-Blackwood Fdm $153,000
Previous Owner Martinez David T $0
Previous Owner Mendoza Juan F $81,400
Previous Owner Martinez David T $304,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/22/2021 11/22/21 Sold $640,000 +6.7% $220 / Sq Ft View Prior Sale
10/11/2021 10/11/21 Pending -- -- --
10/06/2021 10/06/21 For Sale -- -- --
09/16/2021 09/16/21 Pending -- -- --
09/15/2021 09/15/21 For Sale $600,000 -- $206 / Sq Ft

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 $7,493 $723,300 $186,600 $536,700
2024 $7,395 $702,300 $171,500 $530,800
2023 $6,978 $625,800 $152,700 $473,100
2022 $7,714 $620,600 $143,600 $477,000
2021 $7,200 $552,600 $118,400 $434,200
2020 $6,673 $498,000 $98,900 $399,100
2019 $6,379 $446,100 $84,900 $361,200
2018 $6,048 $399,200 $92,900 $306,300
2017 $5,834 $374,000 $82,200 $291,800
2016 $5,474 $338,300 $77,800 $260,500
2015 $4,849 $289,500 $67,000 $222,500
Source: Public Records

Agents Affiliated with this Home

  • Mission Impossible Team

    Seller's Agent in 2021

    Mission Impossible Team

    United Brokers

    (781) 389-2906

    3 in this area

    202 Total Sales

    Mission Impossible Team
    Section Image
  • Gary Blattberg

    Buyer's Agent in 2021

    Gary Blattberg

    RE/MAX

    (978) 882-4469

    1 in this area

    125 Total Sales

    Gary Blattberg
    Section Image
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Map

Massachusetts Essex County Lynn 01905 West Lynn

474 Summer St, Lynn, MA

Not Listed for Sale

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