Seller's Agent in 2016
Jason Saphire
Saphire Hospitality, Inc.
(877) 249-5478
2,182 Total Sales
55 Cedar St Unit 57 Lynn, MA 01905
Pine Hill NeighborhoodEstimated Value: $683,000 - $1,063,000
9
Beds
3
Baths
3,552
Sq Ft
$249/Sq Ft
Est. Value
About This Home
As of December 2016Don'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!
Property Details
Home Type
Multi-Family
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
- Stories: 3
- 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
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
6.28%
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
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 |
|---|---|---|---|
| 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 John S | $110,000 | |
| Previous Owner | Spencer John S | $86,450 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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
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
-
Diana Franco
Seller's Agent in 2016
Diana Franco
Century 21 North East
(617) 590-7440
32 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72068689
APN: LYNN-000054-000211-000035
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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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