NOT LISTED FOR SALE

Estimated Value: $764,000 - $870,000

5 Beds
4 Baths
2,444 Sq Ft
$336/Sq Ft Est. Value

Last Sold December 07, 2018

Last sale price $507,000 $207 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $4,961/month

27 Days on Market

Highlights

  • Deck
  • Fenced Yard
  • Storage Shed

About This Home

As of December 2018

Well Maintained 2 Family in the desirable Flax Pond Area of Lynn. Great investment property or owner occupied home with rental income. Close to public transportation into Boston and all major routes, 1/95/128. Located in walking distance to Flax Pond and nearby private school. The recently painted 1st level unit, with newer flooring, has 2 bedrooms, living room, full bath, laundry room and kitchen with access to private deck. As a bonus there is a partially finished basement with a full bath. The two level 2nd unit with central air, features a master bedroom with full bath, 2 more bedrooms, living room and a bathroom with laundry hookups. The eat-in kitchen is complete with all appliances, has many cabinets, an expansive breakfast bar and sliders to a large deck. Also included is an office/sitting area currently being used by tenant as 4th bedroom. Each unit has separate gas heat and separate electric. Exterior features nice fenced yard with shed and driveway for 4-5 car parking.

Last Agent to Sell the Property

John Marino

MP Realty Group Listed on: 09/26/2018

Last Buyer's Agent

Rosa Martinez

Hacienda Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 3,485

Outdoor Features

  • Deck
  • Storage Shed

Additional Features

  • Fenced Yard
  • Natural Gas Water Heater
  • Basement

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Year Built Description: Actual
  • List Price Per Sq Ft: 208.63
  • Comp Based On: Net Sale Price
  • Year Built: 1900
  • Lead Paint: Unknown
  • Ife Common: Storage
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1900

Interior Features

  • Flooring: Varies Per Unit
  • Total Flrs: 3
  • No Bedrooms: 5
  • Total Brs: 5
  • Full Bathrooms: 4
  • Total Fbh: 4
  • No Rooms: 10
  • Basement: Y
  • Basement Features: Full, Partially Finished, Walk Out, Interior Access, Concrete Floor
  • Main Lo: AN4634
  • Main So: BB9790
  • Estimated Sq Ft: 2444.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Beach Miles To: 0 to 1/10 Mile
  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Shingles, Asbestos
  • Exterior Features: Deck, Storage Shed, Fenced Yard
  • Foundation: Fieldstone

Garage/Parking

  • Parking Feature: Off-Street, Tandem, Paved Driveway
  • Parking Spaces: 4

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: 110 Volts, 220 Volts, Circuit Breakers, Individually Metered
  • Cooling Zones: 1
  • Heat Zones: 6
  • Hot Water: Natural Gas, Electric, Varies Per Unit
  • Utility Connections: for Gas Range, for Electric Range, for Electric Dryer, Washer Hookup, Varies per Unit
  • Cooling Units: 1

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, Private School, Public School, University

Lot Info

  • Assessments: 323700.00
  • Lot: 010
  • Acre: 0.08
  • Lot Size: 3597.00
  • Page: 518
  • Zoning: R2
  • Lot Description: Paved Drive, Fenced/Enclosed, Level

Multi Family

  • Heat Units: 2
  • Total Levels: 4
  • Total Rms: 10
  • No Units: 2
  • Mf Type: 2 Family - 2 Units Up/Down

Tax Info

  • Taxes: 5050.00
  • Assessor Parcel Number: 1990455

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2018
Closed on
Dec 4, 2018
Sold by
Russell James H and Russell Loren M
Bought by
Deleon Ismael and Lopez-Ramirez Paulina H
Seller's Agent
John Marino
MP Realty Group
Buyer's Agent
Rosa Martinez
Hacienda Realty
List Price
$509,900
Sold Price
$507,000
Premium/Discount to List
-$2,900
-0.57%
Current Estimated Value
$821,775

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$314,775
Avg. Annual Appreciation
7.02%
Original Mortgage
$497,816
Outstanding Balance
$435,233
Interest Rate
4.62%
Mortgage Type
FHA
Estimated Equity
$386,542

Purchase Details

Closed on
Aug 18, 1989
Sold by
Mannion Thomas
Bought by
Russell James
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
Deleon Ismael $507,000 --
Deleon Ismael $507,000 --
Russell James $183,500 --
Russell James $183,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Deleon Ismael $497,816
Closed Deleon Ismael $497,816
Previous Owner Russell James $180,000
Previous Owner Russell James $148,000
Previous Owner Russell James $20,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/07/2018 12/07/18 Sold $507,000 -0.6% $207 / Sq Ft
10/23/2018 10/23/18 Pending -- -- --
10/12/2018 10/12/18 For Sale $509,900 0.0% $209 / Sq Ft
10/04/2018 10/04/18 Pending -- -- --
09/26/2018 09/26/18 For Sale $509,900 -- $209 / 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 $7,964 $768,752 $186,000 $582,752
2024 $7,622 $723,800 $181,800 $542,000
2023 $7,551 $677,200 $170,900 $506,300
2022 $7,533 $606,000 $134,400 $471,600
2021 $7,263 $557,400 $136,100 $421,300
2020 $6,709 $500,700 $122,600 $378,100
2019 $5,721 $400,100 $115,500 $284,600
2018 $5,309 $350,400 $107,500 $242,900
2017 $5,050 $323,700 $94,900 $228,800
2016 $4,718 $291,600 $87,800 $203,800
2015 $4,618 $275,700 $93,200 $182,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72401133

MLS Property Information Network (MLS PIN)

APN: LYNN-000086-000170-000010