NOT LISTED FOR SALE

55 Cedar St Unit 57 Lynn, MA 01905

Pine Hill Neighborhood

Estimated Value: $877,000 - $980,000

9 Beds
3 Baths
3,552 Sq Ft
$262/Sq Ft Est. Value

Last Sold December 02, 2016

Last sale price $510,000 $144 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $5,868/month

12 Days on Market

About This Home

As of December 2016

Don't Miss Out on this incredible opportunity to own a Large DELEADED 3 Family 6/6/6 Triple Decker in great condition located in a residential neighborhood with off street parking for up to 4 cars! Current Monthly Rents are below market value, with lots of room for rent increases, Tenants are all 'At Will'. Perfect for owner/occupant or the investor looking for turn key property with over $4000 gross monthly rental income right from the start! Each unit has Separate Gas & Electric Utilities. Updates include Gas Hot Water Heaters, Forced Hot Air Gas Furnaces all replaced within Last 5 Years! Electrical Circuit Breaker Panels, Vinyl Windows & Vinyl Siding. Each unit offer Washer & Dryer hook ups, High Ceilings, Hardwood Floors throughout, extra storage rooms in basement, Living rooms, Dining rooms, Eat-In Kitchens with Pantries and 3 Bedrooms with the potential of 4 Bedrooms for Extra Income! Whichever way you look at it, you cant go wrong with this property!

Last Agent to Sell the Property

Jason Saphire

Saphire Hospitality, Inc. Listed on: 09/16/2016

Last Buyer's Agent

Diana Franco

Century 21 North East

Century 21 North East

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,845

Year Built

1890

Lot Details

0

Listing Details

  • Lot Description: Paved Drive, Level
  • Property Type: Multi-family
  • Lead Paint: Certified Treated
  • Year Round: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1890

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 18
  • Amenities: Public Transportation, Shopping, Public School, T-Station
  • Electric: 110 Volts, 220 Volts, Circuit Breakers, Individually Metered
  • Flooring: Wood, Tile, Vinyl, Hardwood
  • Basement: Full, Walk Out, Interior Access, Bulkhead, Concrete Floor, Unfinished Basement
  • Total Levels: 3

Exterior Features

  • Roof: Rubber
  • Construction: Frame, Brick, Stone/Concrete, Timber Frame
  • Exterior: Vinyl, Brick
  • Foundation: Concrete Block, Fieldstone, Brick
  • Beach: Ocean
  • Beach Ownership: Public

Garage/Parking

  • Parking: Off-Street, On Street Permit, Common, Paved Driveway
  • Parking Spaces: 4

Utilities

  • Heat Zones: 3
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range, for Gas Oven, for Gas Dryer, Washer Hookup
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Total Units: 3

Lot Info

  • Zoning: R2

Multi Family

  • Cooling Common: None
  • Heating Common: Central Heat, Forced Air, Gas, Individual, Unit Control
  • Heat Units: 3
  • Interior Features Common: Ceiling Fans, Cable TV Available, Pantry, Lead Certification Available, Storage, Hardwood Floors, Wood Flooring, Bathroom With Tub & Shower
  • Total Bedrooms: 9
  • Total Floors: 6
  • Total Full Baths: 3
  • Total Levels: 3
  • Total Rms: 18
  • Total Rent_1: 4650

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 6, 2023
Sold by
Ramirez Jonny
Bought by
Cedar Reservoir Llc
Current Estimated Value
$929,078

Purchase Details

Listed on
Sep 16, 2016
Closed on
Dec 2, 2016
Sold by
Spencer Sandra J
Bought by
Ramirez Jonny
Seller's Agent
Jason Saphire
Saphire Hospitality, Inc.
Buyer's Agent
Diana Franco
Century 21 North East
List Price
$499,900
Sold Price
$510,000
Premium/Discount to List
$10,100
2.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.82%
Original Mortgage
$382,500
Interest Rate
3.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 29, 1996
Sold by
55-57 Cedar Street Lp
Bought by
Spencer John S and Spencer Sandra J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,450
Interest Rate
8.18%
Mortgage Type
Purchase Money Mortgage
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
Cedar Reservoir Llc -- None Available
Cedar Reservoir Llc -- None Available
Ramirez Jonny $510,000 --
Spencer John S $123,500 --
Spencer John S $123,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ramirez Jonny $382,500
Previous Owner Spencer Sandra J $240,500
Previous Owner Spencer John S $110,000
Previous Owner Spencer John S $86,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/02/2016 12/02/16 Sold $510,000 0.0% $144 / Sq Ft
10/26/2016 10/26/16 Rented $1,750 +2.9% --
10/12/2016 10/12/16 Off Market $1,700 -- --
10/07/2016 10/07/16 For Rent $1,700 0.0% --
09/28/2016 09/28/16 Pending -- -- --
09/16/2016 09/16/16 For Sale $499,900 -- $141 / 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 $8,845 $853,800 $182,900 $670,900
2024 $8,794 $835,100 $171,800 $663,300
2023 $8,446 $757,500 $166,500 $591,000
2022 $8,471 $681,500 $154,200 $527,300
2021 $8,172 $627,200 $148,100 $479,100
2020 $7,639 $570,100 $130,500 $439,600
2019 $7,203 $503,700 $106,800 $396,900
2018 $6,422 $423,900 $88,800 $335,100
2017 $5,324 $341,300 $75,300 $266,000
2016 $4,911 $303,500 $67,100 $236,400
2015 $4,407 $263,100 $62,600 $200,500
Source: Public Records

Agents Affiliated with this Home

  • Jason Saphire

    Seller's Agent in 2016

    Jason Saphire

    Saphire Hospitality, Inc.

    (877) 249-5478

    1,291 Total Sales

    Jason Saphire
    Section Image
  • Diana Franco

    Seller's Agent in 2016

    Diana Franco

    Century 21 North East

    (617) 590-7440

    31 Total Sales

    Diana Franco
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72068689

MLS Property Information Network (MLS PIN)

APN: LYNN-000054-000211-000035

Massachusetts Essex County Lynn 01905 Pine Hill

55 Cedar St Unit 57, Lynn, MA

This home is located at 55 Cedar St Unit 57, Lynn, MA 01905 since 16 September 2016 and is currently estimated at $929,078, approximately $261 per square foot. This property was built in 1890. 55 Cedar St Unit 57 is a home located in Essex County with nearby schools including Tracy Elementary School, William R. Fallon School, and Fecteau-Leary Junior/Senior High School.

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.

MLS Property Information Network (MLS PIN) 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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