Seller's Agent in 2022
Miguel Menchu
Charles River Properties, LLC
(617) 233-6075
1 in this area
7 Total Sales
53 N Common St Lynn, MA 01902
Central Lynn Neighborhood
8
Beds
6
Baths
2,758
Sq Ft
2,614
Sq Ft Lot
About This Home
As of October 2022Extremely rare, well maintained 4-unit apartment building with three (3) 1-bedroom and one (1) 3-bedroom units. Located in a R5 "High-rise building" district, the property was built as a 2-family in 1910 and legally converted into a 4-unit in 1941. Heating for all units is gas-based, with each unit having their own dedicated boiler. New electric meters (5) installed this year with all new boxes and circuit breakers. Only hot water is shared. 75 gallon tank installed in 2018. Driveway was paved recently and has room for 6 off-street spots. Rents currently under market but can gross just over $7,000/month. All units have been updated in the last few years and feature hard wood floors, updated baths and kitchens and LED lights in common areas. Its current owner has professionally managed huge apartment buildings for decades and has kept this property in great great shape. There isn't many 4-unit buildings in Lynn. Come see it for yourself.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,826
Year Built
- Built in 1910
Lot Details
- 2,744 Sq Ft Lot
Home Design
- Stone Foundation
- Concrete Perimeter Foundation
Interior Spaces
- 2,758 Sq Ft Home
- Wood Flooring
- Finished Basement
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 8 Bedrooms
- 6 Full Bathrooms
Parking
- 4 Car Parking Spaces
- Driveway
- Open Parking
Listing and Financial Details
- Total Actual Rent $6,000
- Assessor Parcel Number 4284835
Community Details
Overview
- 4 Units
- Property has 1 Level
Building Details
- Net Operating Income $72,000
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/03/2022 10/03/22 | Sold | $860,000 | 0.0% | $312 / Sq Ft |
| 07/22/2022 07/22/22 | Pending | -- | -- | -- |
| 07/14/2022 07/14/22 | For Sale | $860,000 | -- | $312 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
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 | $9,286 | $896,300 | $191,600 | $704,700 |
| 2024 | $9,151 | $869,000 | $176,100 | $692,900 |
| 2023 | $8,051 | $722,100 | $156,800 | $565,300 |
| 2022 | $7,826 | $629,600 | $147,400 | $482,200 |
| 2021 | $7,780 | $597,100 | $121,600 | $475,500 |
| 2020 | $7,272 | $542,700 | $101,500 | $441,200 |
| 2019 | $6,328 | $442,500 | $87,200 | $355,300 |
| 2018 | $6,095 | $402,300 | $95,400 | $306,900 |
| 2017 | $5,923 | $379,700 | $84,400 | $295,300 |
| 2016 | $5,466 | $337,800 | $79,800 | $258,000 |
| 2015 | $4,581 | $273,500 | $68,800 | $204,700 |
Source: Public Records
Agents Affiliated with this Home
-
Miguel Menchu
-
C. Devon Holden
Buyer's Agent in 2022
C. Devon Holden
C. Devon's Homes, LLC
(617) 997-5513
2 in this area
14 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73012135
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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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