NOT LISTED FOR SALE

55 Coburn St Unit 55A Lynn, MA 01902

Chatham Street Neighborhood

Estimated Value: $683,000 - $970,000

6 Beds
2 Baths
2,650 Sq Ft
$299/Sq Ft Est. Value

Sale Details

Date Sold: September 29, 2021

Last sale price $610,000 $230 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $4,857 / mo

12 Days on Market

Highlights

  • Waterfront
  • Property is near public transit
  • Park
  • Deck
  • Wood Flooring
  • Coin Laundry

About This Home

As of September 2021

This move-in-ready 2-family home is located off Eastern Ave along the Swampscott line. Both units are similar and have a total of 6 rooms: 3 bedrooms, a living room, dining room, large kitchen, and a full bathroom. Gleaming hardwood floor to all rooms except the kitchens and bathrooms. Good rent, 2nd floor is occupied and monthly leased $2200. Separate utilities, tenant pays for hot water, oil, and electricity. First floor deleaded, freshly painted, vacant and ready for the new owner. Both units insulated and use oil heat. Desirable location approximately within 1 mile to the beach, schools, park, restaurants and shops. Don't miss the opportunity to see this home!

Last Agent to Sell the Property

Louna Philogene

Premium Realty & Insurance Services Listed on: 08/18/2021

Last Buyer's Agent

Pierre Jean-Louis

Premium Realty & Insurance Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,004

Year Built

  • Built in 1895

Lot Details

  • 3,920 Sq Ft Lot
  • Waterfront

Home Design

  • Duplex

Interior Spaces

  • 2,650 Sq Ft Home
  • Property has 1 Level
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Schools

  • Ingalls Elementary School
  • Thurgood Middle School
  • Lynn English High School

Utilities

  • Heating Available
  • Gas Water Heater

Additional Features

  • Deck
  • Property is near public transit

Listing and Financial Details

  • Total Actual Rent $2,200
  • Rent includes unit 2(water)
  • Assessor Parcel Number 1999109

Community Details

Recreation

  • Park

Additional Features

  • 2 Units
  • Coin Laundry
  • Net Operating Income $26,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,004

Year Built

Built in 1895

Lot Details

3,920 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Year Built: 1895
  • Buyer Agency Type: %
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Hardwood, Unit 2(Hardwood Floors)
  • Interior Amenities: Unit 1(Lead Certification Available), Unit 2(Ceiling Fans), Unit 1 Rooms(Living Room,Dining Room,Kitchen), Unit 2 Rooms(Living Room,Dining Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Refrigerator), Unit 2(Range,Refrigerator), Unit 3(Refrigerator - Wine Storage), Gas Water Heater, Utility Connections for Electric Range
  • Total Bedrooms: 6
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full
  • Living Area: 2650
  • Stories Total: 3
  • MAIN LO: AN2626
  • MAIN SO: AN2626

Exterior Features

  • Exterior Features: Unit 2 Balcony/Deck
  • Foundation Details: Other
  • Patio And Porch Features: Deck
  • Waterfront Features: Beach Front, 1 to 2 Mile To Beach
  • Waterfront YN: Yes

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Off Street, Driveway
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range
  • Heating: Unit 1(Forced Air), Unit 2(Forced Air)
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 2

Condo/Co-op/Association

  • Community Features: Public Transportation, Park, Laundromat
  • Rent Includes: Unit 2(Water)
  • Senior Community YN: No

Lot Info

  • Parcel Number: 1999109
  • Zoning: R1
  • Farm Land Area Units: Square Feet
  • Lot Features: Other
  • Lot Size Acres: 0.09
  • Lot Size Sq Ft: 3920.399999
  • Lot Size Units: Acres
  • LOT SIZE: 4074

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 6004

Multi Family

  • Net Operating Income: 26400
  • Number Of Units Total: 2
  • Total Actual Rent: 2200
  • LEVELS 1: 1
  • LEASE 2: Y
  • LEASE 1: N

MLS Schools

  • High School: Lynn English
  • Elementary School: Ingalls
  • Middle Or Junior School: Thurgood

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2021
Closed on
Sep 29, 2021
Sold by
Bought by
Seller's Agent
Louna Philogene
Premium Realty & Insurance Services
Buyer's Agent
Pierre Jean-Louis
Premium Realty & Insurance Services
List Price
$679,999
Sold Price
$610,000
Premium/Discount to List
-$69,999
-10.29%
Current Estimated Value
$791,446

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,446
Avg. Annual Appreciation
5.67%
Original Mortgage
$589,641
Outstanding Balance
$529,463
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$261,983

Purchase Details

Closed on
Jun 24, 2020
Sold by
Bought by

Purchase Details

Closed on
Apr 13, 2018
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,700
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 11, 2016
Sold by
Bought by

Purchase Details

Closed on
Nov 30, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
6.14%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$610,000 None Available
$610,000 None Available
$610,000 None Available
-- None Available
-- None Available
-- None Available
-- --
-- --
-- --
-- --
-- --
-- --
$350,000 --
$350,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $589,641
Closed $589,641
Previous Owner $208,700
Previous Owner $280,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/29/2021 09/29/21 Sold $610,000 -10.3% $230 / Sq Ft
08/31/2021 08/31/21 Pending -- -- --
08/18/2021 08/18/21 For Sale $679,999 -- $257 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $6,844 $660,646 $186,500 $474,146
2024 $6,490 $616,300 $177,600 $438,700
2023 $6,477 $580,900 $173,200 $407,700
2022 $6,491 $522,200 $144,500 $377,700
2021 $6,004 $460,800 $124,600 $336,200
2020 $5,581 $416,500 $117,700 $298,800
2019 $5,405 $378,000 $110,100 $267,900
2018 $5,039 $332,600 $107,200 $225,400
2017 $4,788 $306,900 $94,700 $212,200
2016 $4,386 $271,100 $83,800 $187,300
2015 $4,055 $242,100 $76,100 $166,000
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2021

    Louna Philogene

    Premium Realty & Insurance Services

    (781) 244-0817

    2 in this area

    2 Total Sales

    Louna Philogene
    Section Image
  • Pierre Jean-Louis

    Buyer's Agent in 2021

    Pierre Jean-Louis

    Premium Realty & Insurance Services

    (781) 244-0817

    1 in this area

    46 Total Sales

    Pierre Jean-Louis
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72882858

MLS Property Information Network (MLS PIN)

APN: LYNN-000105-000483-000031

Massachusetts Essex County Lynn 01902 Chatham Street

55 Coburn St Unit 55A, Lynn, MA

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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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