NOT LISTED FOR SALE

490 Eastern Ave Unit 3 Lynn, MA 01902

Chatham Street Neighborhood
3 Beds
1 Bath
900 Sq Ft
6,360 Sq Ft Lot

Highlights

  • Property is near public transit
  • Bonus Room
  • No HOA
  • Wood Flooring
  • Solid Surface Countertops
  • Shops

About This Home

As of June 2022

Available Now. Renovated and deleaded 3rd floor in great Lynn Location on Eastern Ave. Quick ride to Salem State Route 1,128,95, and quick ride to beautiful Lynn, Nahant, and Swampscott beaches. Kitchen has new hardwood floors, newer cabinets, appliances, and granite counter-tops! The floor plan has three great sized bedrooms, living room with all with brand new carpets, and full bath with new flooring and new vanity. Tenants pay gas heat and electric. One off street parking space, an additional spot may be available, and laundry is off-site. No smoking in building. Available now. First, last OR security, and full month brokerage fee to listing agent required.

Last Agent to Rent the Property

Jeanna Alimonti

Clements Realty Group Listed on: 05/26/2022

Last Renter's Agent

Jeanna Alimonti

Clements Realty Group Listed on: 05/26/2022

Property Details

Home Type

  • Multi-Family

Year Built

  • 1900

Lot Details

  • 6,360

Parking

  • 1 Car Parking Space

Home Design

  • Apartment
  • Entry on the 3rd floor
  • Updated or Remodeled

Interior Spaces

  • 900 Sq Ft Home
  • Bonus Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Heating System Uses Natural Gas

Listing and Financial Details

  • Rent includes water, trash collection, snow removal, gardener, parking
  • Assessor Parcel Number 1998500

Community Details

Overview

  • No Home Owners Association

Amenities

  • Shops
  • Coin Laundry

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

1900

Lot Details

0

Rental Info

  • Pets Allowed: No
  • Lease Term: Tenant at Will,Term of Rental(12)
  • Available Now: Yes
  • Deposit Required: Yes
  • FIRST MON REQD: Yes
  • INSURANCE REQD: No
  • LAST MON REQD: No
  • REFERENCES REQD: Yes

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Apartment
  • Entry Level: 3
  • CoOp Comp: Tenant
  • ResoPropertyType: ResidentialLease
  • Special Features: None
  • Year Built (Public Record): 1900

Interior Features

  • Interior Amenities: Bonus Room
  • Fireplace YN: No
  • Appliances: Range,Dishwasher,Disposal,Microwave,Refrigerator
  • Total Bedrooms: 3
  • Room Bedroom2 Features: Flooring - Wall to Wall Carpet
  • Room Bedroom3 Features: Flooring - Wall to Wall Carpet
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Features: Flooring - Wall to Wall Carpet
  • Room Kitchen Features: Flooring - Hardwood, Countertops - Stone/Granite/Solid, Remodeled
  • Laundry Features: Off-Site
  • Room Living Room Features: Flooring - Wall to Wall Carpet
  • Living Area: 900
  • MAIN LO: C95263
  • LIST PRICE PER Sq Ft: 2.67
  • PRICE PER Sq Ft: 2.67
  • MAIN SO: C95263

Exterior Features

  • Waterfront YN: No

Garage/Parking

  • Total Parking Spaces: 1

Utilities

  • Heating: Natural Gas
  • Heating YN: Yes

Condo/Co-op/Association

  • Association YN: No
  • Community Features: Public Transportation, Shopping, Private School, Public School
  • Rent Includes: Water, Trash Collection, Snow Removal, Gardener, Parking
  • UNIT BUILDING: 3

Lot Info

  • Parcel Number: 1998500
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Property Attached YN: Yes
  • LOT SIZE: 99999
  • OUTDOOR SPACE AVAILABLE: No

Multi Family

  • Basement Included Sq Ft: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2024
Sold by
Seashore Re Mgmt & Dev Ll
Bought by
Clements Eugene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$527,800
Outstanding Balance
$520,385
Interest Rate
6.87%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jun 16, 2017
Sold by
Absolut Rt
Bought by
Seashore Real Estate M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$620,000
Interest Rate
4.02%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 10, 2013
Sold by
Fumicello Carol A
Bought by
Absolut Rt

Purchase Details

Closed on
Feb 12, 1987
Sold by
Diane Realty Tr
Bought by
Mcgrath Patrick J
Source: Public Records

Range of Values:

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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
Clements Eugene -- None Available
Clements Eugene -- None Available
Clements Eugene -- None Available
Seashore Real Estate M $500,000 --
Absolut Rt -- --
Absolut Rt -- --
Mcgrath Patrick J $260,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Clements Eugene $527,800
Closed Clements Eugene $527,800
Previous Owner Seashore Real Estate M $620,000
Previous Owner Mcgrath Patrick J $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/19/2022 06/19/22 Rented $2,400 0.0% --
05/26/2022 05/26/22 For Rent $2,400 +31.5% --
11/12/2019 11/12/19 Rented $1,825 -8.8% --
10/21/2019 10/21/19 Under Contract -- -- --
10/19/2019 10/19/19 For Rent $2,000 +11.1% --
09/01/2018 09/01/18 Rented $1,800 +5.9% --
08/06/2018 08/06/18 Under Contract -- -- --
07/16/2018 07/16/18 For Rent $1,700 0.0% --
03/15/2018 03/15/18 Rented $1,700 0.0% --
03/10/2018 03/10/18 Under Contract -- -- --
02/22/2018 02/22/18 For Rent $1,700 -- --
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 -- $844,100 $251,500 $592,600
2024 -- $815,900 $239,500 $576,400
2023 $0 $746,600 $233,500 $513,100
2022 $0 $652,200 $194,800 $457,400
2021 $0 $583,200 $168,000 $415,200
2020 $0 $539,400 $158,800 $380,600
2019 $0 $491,700 $148,400 $343,300
2018 $0 $433,800 $144,600 $289,200
2017 $0 $399,700 $127,700 $272,000
2016 -- $354,600 $112,900 $241,700
2015 -- $307,500 $102,600 $204,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72987880

MLS Property Information Network (MLS PIN)

APN: LYNN-000097-000464-000029