NOT LISTED FOR SALE

54-5 Addison Ave Lynn, MA 01902

Victory Road Neighborhood

Estimated Value: $832,000 - $870,000

4 Beds
2 Baths
2,498 Sq Ft
$341/Sq Ft Est. Value

Last Sold May 29, 2018

Last sale price $546,000 $219 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $5,195/month

6 Days on Market

Highlights

  • Wood Flooring
  • Porch
  • Garden
  • Fenced Yard
  • Covered Deck

About This Home

As of May 2018

Lovely two family home in great location. Both kitchens were completely renovated with new appliances, counters, floors and cabinets approximately 6 years ago. Loads of cabinets in the very large eat in kitchens. Second floor has an added space off the kitchen with a built in desk and counters to dine at. 1st floor has a front and back porch. 2nd floor has a front porch. Entire home has been recently painted (including common areas and even the basement). Good sized rooms with mostly hardwood floors throughout. Kitchens have vinyl floors and baths have tile. Both units have built in china closets in the dining room. Siding was done 5 years ago. Roof was recently replaced. Great flat, fenced yard. First showings at open house on Saturday from 12:30-2:30. Second open house will be on Monday, April 9th from 5:30-7:00. All offers (if any) will be presented on Wednesday, April 11th at 5:00 pm.

Last Agent to Sell the Property

Karen Dirocco

Keller Williams Realty Evolution Listed on: 04/05/2018

Keller Williams Realty Evolution

Last Buyer's Agent

Rosa Martinez

Hacienda Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1915

Lot Details

  • Year Round Access
  • Fenced Yard
  • Garden

Interior Spaces

  • Window Screens
  • Basement

Flooring

  • Wood
  • Tile
  • Vinyl

Outdoor Features

  • Covered Deck
  • Rain Gutters
  • Porch

Utilities

  • Water Holding Tank
  • Natural Gas Water Heater

Property Details

Home Type

Multi-Family

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Other Agent: 2.00
  • Year Built Description: Actual
  • List Price Per Sq Ft: 212.13
  • Comp Based On: Net Sale Price
  • Year Built: 1915
  • Lead Paint: Unknown
  • Year Round: Yes
  • Levels: 2
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2
  • Year Built: 1915

Interior Features

  • Flooring: Tile, Vinyl, Hardwood
  • Total Flrs: 3
  • No Bedrooms: 4
  • Total Brs: 4
  • Full Bathrooms: 2
  • Total Fbh: 2
  • No Rooms: 10
  • Basement: Y
  • Basement Features: Full, Walk Out, Interior Access, Concrete Floor
  • Main Lo: C95098
  • Main So: BB9790
  • Estimated Sq Ft: 2498.00

Exterior Features

  • Beachfront Flag: Yes
  • Beach Miles To: 1/2 to 1 Mile
  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Vinyl
  • Exterior Features: Porch, Covered Patio/Deck, Gutters, Screens, Fenced Yard, Garden Area
  • Foundation: Poured Concrete, Fieldstone

Garage/Parking

  • Parking Feature: Off-Street, Tandem, Common
  • Parking Spaces: 3

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Circuit Breakers
  • Heat Zones: 2
  • Hot Water: Natural Gas, Tank

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Golf Course, Medical Facility, Laundromat, House of Worship, Public School, T-Station, University
  • Hea Common: Oil, Individual, Unit Control

Lot Info

  • Assessments: 426100.00
  • Acre: 0.10
  • Lot Size: 4259.00
  • Page: 145
  • Zoning: R1
  • Lot Description: Paved Drive, Fenced/Enclosed, Level

Multi Family

  • Heat Units: 2
  • Total Levels: 2
  • Total Rms: 10
  • No Units: 2
  • Mf Type: 2 Family

Tax Info

  • Taxes: 6455.42
  • Assessor Parcel Number: 1997140

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2018
Closed on
May 29, 2018
Sold by
Walker Richard S Est
Bought by
Chilel-Mendez Edgar L
Seller's Agent
Karen Dirocco
Keller Williams Realty Evolution
Buyer's Agent
Rosa Martinez
Hacienda Realty
List Price
$529,900
Sold Price
$546,000
Premium/Discount to List
$16,100
3.04%
Current Estimated Value
$851,410

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$305,410
Avg. Annual Appreciation
6.08%
Original Mortgage
$536,110
Outstanding Balance
$462,956
Interest Rate
4.62%
Mortgage Type
FHA
Estimated Equity
$388,454

Purchase Details

Closed on
Jul 30, 2004
Sold by
Lareaux Janice E
Bought by
Walker Richard S
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Chilel-Mendez Edgar L $546,000 --
Chilel-Mendez Edgar L $546,000 --
Chilel-Mendez Edgar L $546,000 --
Walker Richard S $392,500 --
Walker Richard S $392,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chilel-Mendez Edgar L $536,110
Closed Chilel-Mendez Edgar L $536,110
Previous Owner Walker Richard S $269,802
Previous Owner Walker Richard S $29,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/29/2018 05/29/18 Sold $546,000 +3.0% $219 / Sq Ft
04/11/2018 04/11/18 Pending -- -- --
04/05/2018 04/05/18 For Sale $529,900 -- $212 / 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 $8,764 $845,959 $200,800 $645,159
2024 $8,263 $784,700 $188,900 $595,800
2023 $8,248 $739,700 $186,300 $553,400
2022 $8,231 $662,200 $149,900 $512,300
2021 $7,576 $581,400 $126,800 $454,600
2020 $7,047 $525,900 $123,800 $402,100
2019 $6,797 $475,300 $115,600 $359,700
2018 $6,455 $426,100 $124,600 $301,500
2017 $6,036 $386,900 $102,800 $284,100
2016 $5,713 $353,100 $103,200 $249,900
2015 $5,429 $324,100 $103,200 $220,900
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2018

    Karen Dirocco

    Keller Williams Realty Evolution

    (781) 718-7392

    11 Total Sales

    Karen Dirocco
    Section Image
  • Rosa Martinez

    Buyer's Agent in 2018

    Rosa Martinez

    Hacienda Realty

    (617) 447-6603

    1 in this area

    138 Total Sales

    Rosa Martinez
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72304101

MLS Property Information Network (MLS PIN)

APN: LYNN-000097-000406-000015

Massachusetts Essex County Lynn 01902 Victory Road

54-5 Addison Ave, Lynn, MA

Not Listed for Sale

MultiFamily

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