Seller's Agent in 2023
Pamela Zerber
Best Deal Realty, LLC
(781) 842-1081
1 in this area
8 Total Sales
48 Estes St Lynn, MA 01902
Fayette Street NeighborhoodEstimated Value: $966,000 - $1,059,000
6
Beds
3
Baths
3,876
Sq Ft
$257/Sq Ft
Est. Value
Highlights
- Property is near public transit and schools
- Porch
- Coin Laundry
- Wood Flooring
- Shops
- Heating Available
About This Home
As of August 2023Investors dream home. Very well maintained 3 family building in Lynn aprox 3 blocks from the Ocean. Oversized units ensure maximum rental income. All 3 units are equal in size and feature 2 bedrooms and 1 full bathroom. Beautifully maintained hardwood floors glisten with natural light shining in from the abundance of windows in these units. Eat in Kitchens are equipped with gas cooking and all feature a butlers pantry. 2nd & 3rd floor units have private front balcony's to enjoy the ocean air. Many local shops and restaurants nearby. If you are an investor, this property is for you. If you want to be an owner and live in one unit and rent the other 2, it's a perfect scenario. All 3 floors are currently rented with great tenants who all pay on time. Don't let this one get away!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,201
Year Built
- Built in 1900
Lot Details
- 2,578
Home Design
- Rubber Roof
- Concrete Perimeter Foundation
Interior Spaces
- 3,876 Sq Ft Home
- Insulated Windows
- Insulated Doors
Kitchen
- Microwave
- Dishwasher
Flooring
- Wood
- Vinyl
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- 1 Car Parking Space
- Driveway
- Paved Parking
- Open Parking
- Off-Street Parking
Utilities
- 3 Heating Zones
- Heating Available
- 110 Volts
- Gas Water Heater
Additional Features
- Porch
- 2,578 Sq Ft Lot
- Property is near public transit and schools
Listing and Financial Details
- Total Actual Rent $5,450
- Rent includes unit 1(water), unit 2(water), unit 3(water)
- Assessor Parcel Number M:082 B:601 L:034,2002888
Community Details
Overview
- 3 Units
- Property has 1 Level
Amenities
- Shops
- Coin Laundry
Building Details
- Insurance Expense $3,500
- Water Sewer Expense $2,000
- Operating Expense $8,980
- Net Operating Income $56,420
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 24, 2023
Closed on
Aug 3, 2023
Sold by
Guevara-Salgado Mario and Menjivar Sara A
Bought by
Menjivar Sara A
Seller's Agent
Pamela Zerber
Best Deal Realty, LLC
Buyer's Agent
Maria Pena
Pena Realty Corporation
List Price
$929,900
Sold Price
$915,000
Premium/Discount to List
-$14,900
-1.6%
Views
41
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,755
Avg. Annual Appreciation
3.58%
Original Mortgage
$549,000
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Apr 25, 2016
Closed on
May 31, 2016
Sold by
Beato Richard
Bought by
Meagheer Kerry E and Zerber Pamela J
Seller's Agent
Abigail Jacobs
Coldwell Banker Realty - Cambridge
Buyer's Agent
Abigail Jacobs
Coldwell Banker Realty - Cambridge
List Price
$419,000
Sold Price
$424,900
Premium/Discount to List
$5,900
1.41%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.27%
Original Mortgage
$318,675
Interest Rate
3.58%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 15, 2010
Sold by
Hancock Darlene and Hancock Greg
Bought by
Beato Richard
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$261,478
Interest Rate
5.11%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Oct 17, 1996
Sold by
Cicalis John N
Bought by
Cicalis Charles
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Menjivar Sara A | -- | None Available | |
| Menjivar Sara A | -- | None Available | |
| Menjivar Sara A | -- | None Available | |
| Menjivar Sara A | $915,000 | None Available | |
| Meagheer Kerry E | $424,900 | -- | |
| Beato Richard | $265,000 | -- | |
| Beato Richard | $265,000 | -- | |
| Cicalis Charles | $62,500 | -- | |
| Cicalis Charles | $62,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Menjivar Sara A | $549,000 | |
| Previous Owner | Meagheer Kerry E | $318,675 | |
| Previous Owner | Cicalis Charles | $249,252 | |
| Previous Owner | Cicalis Charles | $261,478 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/03/2023 08/03/23 | Sold | $915,000 | -1.6% | $236 / Sq Ft | |
| 06/26/2023 06/26/23 | Pending | -- | -- | -- | |
| 06/24/2023 06/24/23 | For Sale | $929,900 | +69.1% | $240 / Sq Ft | |
| 08/02/2019 08/02/19 | Sold | $550,000 | +10.2% | $142 / Sq Ft | View Prior Sale |
| 06/30/2019 06/30/19 | Pending | -- | -- | -- | |
| 06/13/2019 06/13/19 | For Sale | $499,000 | +17.4% | $129 / Sq Ft | |
| 05/31/2016 05/31/16 | Sold | $424,900 | +1.4% | $111 / Sq Ft | View Prior Sale |
| 04/28/2016 04/28/16 | Pending | -- | -- | -- | |
| 04/25/2016 04/25/16 | For Sale | $419,000 | -- | $110 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $9,191 | $887,200 | $178,000 | $709,200 |
| 2024 | $8,337 | $791,700 | $170,200 | $621,500 |
| 2023 | $8,201 | $735,500 | $182,000 | $553,500 |
| 2022 | $7,903 | $635,800 | $142,100 | $493,700 |
| 2021 | $7,361 | $564,900 | $116,500 | $448,400 |
| 2020 | $7,114 | $530,900 | $119,700 | $411,200 |
| 2019 | $6,628 | $463,500 | $92,400 | $371,100 |
| 2018 | $6,315 | $416,800 | $103,800 | $313,000 |
| 2017 | $6,217 | $398,500 | $91,200 | $307,300 |
| 2016 | $5,948 | $367,600 | $76,200 | $291,400 |
| 2015 | $5,496 | $328,100 | $80,600 | $247,500 |
Source: Public Records
Agents Affiliated with this Home
-
Pamela Zerber
-
Maria Pena
Buyer's Agent in 2023
Maria Pena
Pena Realty Corporation
(617) 201-0030
3 in this area
154 Total Sales
-
Demostenes Nunez
D
Seller's Agent in 2019
Demostenes Nunez
Tremont Realty Group, LLC
(781) 632-9841
1 in this area
45 Total Sales
-
Claudia Nunez
Seller Co-Listing Agent in 2019
Claudia Nunez
Tremont Realty Group, LLC
(781) 632-6672
43 Total Sales
-
D
Buyer's Agent in 2019
Diego Zapata
Tremont Realty Group, LLC
-
Abigail Jacobs
Seller's Agent in 2016
Abigail Jacobs
Coldwell Banker Realty - Cambridge
(617) 721-5591
31 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73129180
APN: LYNN-000082-000601-000034
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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