NOT LISTED FOR SALE

63 Franklin St Lynn, MA 01902

Central Lynn Neighborhood

Estimated Value: $868,177

5 Beds
5 Baths
2,899 Sq Ft
$299/Sq Ft Est. Value

Last Sold June 20, 2019

Last sale price $569,000 $196 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $4,795/month

7 Days on Market

About This Home

As of June 2019

Owner-operators, investors, owner occupants, this is your chance to buy into the next red hot market. Mixed used 5 unit building with remarkable income potential. Store-front commercial unit plus four residential rental apartments ready for a new owner. The building has a newer roof, newer electric, three car parking, and separate utilities. Prime location and price point for small business operators or investors looking for residual income. This a huge opportunity for the savvy purchaser. An investor's dream acquisition. Contact now!

Last Agent to Sell the Property

Mission Impossible Team

United Brokers Listed on: 04/26/2019

Last Buyer's Agent

Juan Saenz

United Brokers

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 2,614

Flooring

  • Wood
  • Wall to Wall Carpet

Additional Features

  • Patio
  • Natural Gas Water Heater
  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:069 B:645 L:014

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-family
  • Other Agent: 2.00
  • Year Built Description: Actual
  • List Price Per Sq Ft: 189.72
  • Comp Based On: Net Sale Price
  • Year Built: 1900
  • Lead Paint: Yes, Certified Treated
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1900

Interior Features

  • Flooring: Wood, Wall to Wall Carpet
  • Total Flrs: 7
  • No Bedrooms: 5
  • Total Brs: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Fbh: 4
  • Total Hbh: 1
  • No Rooms: 15
  • Basement: Y
  • Basement Features: Full
  • Main Lo: BB9067
  • Main So: BB9067
  • Estimated Sq Ft: 2899.00

Exterior Features

  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Shingles
  • Exterior Features: Patio
  • Foundation: Fieldstone

Garage/Parking

  • Parking Feature: Off-Street
  • Parking Spaces: 3

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric Features: Circuit Breakers
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range, Varies per Unit

Condo/Co-op/Association

  • Amenities: Public Transportation

Lot Info

  • Assessments: 380800.00
  • Acre: 0.06
  • Lot Size: 2563.00
  • Page: 518
  • Parcel Number: M:069 B:645 L:014
  • Zoning: BD
  • Lot Description: Corner

Multi Family

  • Total Levels: 5
  • Total Rent: 4450
  • Total Rms: 16
  • No Units: 5
  • Mf Type: 5-9 Family

Tax Info

  • Taxes: 5445.44
  • Assessor Parcel Number: 2003728

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 26, 2019
Closed on
Jun 3, 2019
Sold by
Ustariz Nadia
Bought by
Franklin Lynn Properties
Seller's Agent
Mission Impossible Team
United Brokers
Buyer's Agent
Juan Saenz
United Brokers
List Price
$550,000
Sold Price
$569,000
Premium/Discount to List
$19,000
3.45%
Current Estimated Value
$868,177

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$299,177
Avg. Annual Appreciation
7.69%
Original Mortgage
$400,000
Outstanding Balance
$353,153
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$543,482

Purchase Details

Closed on
Oct 13, 2015
Sold by
Weill-Jimenez Phillip
Bought by
Weil Ho-Chi and Ustariz Nadia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
3.88%
Mortgage Type
Commercial

Purchase Details

Listed on
Jun 20, 2014
Closed on
Sep 10, 2014
Sold by
Pesiridis Effi
Bought by
Weill-Jimenez Phillip
Seller's Agent
Craig Sutherland
StartPoint Realty
Buyer's Agent
Nadia Ustariz
Invector Properties
List Price
$327,000
Sold Price
$295,000
Premium/Discount to List
-$32,000
-9.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.72%

Purchase Details

Closed on
Sep 27, 2000
Sold by
Franklin St Kk Rt
Bought by
Pesiridis Effi
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
Franklin Lynn Properties $569,000 --
Weil Ho-Chi $325,000 --
Weill-Jimenez Phillip $295,000 --
Pesiridis Effi $212,500 --
Pesiridis Effi $212,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Franklin Lynn Properties $400,000
Closed Franklin Lynn Properties $400,000
Previous Owner Ustariz Nadia $100,000
Previous Owner Weil Ho-Chi $325,000
Previous Owner Franklin St K K Rt $201,376
Previous Owner Franklin St K K Rt $198,432
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/20/2019 06/20/19 Sold $569,000 +3.5% $196 / Sq Ft
05/03/2019 05/03/19 Pending -- -- --
04/26/2019 04/26/19 For Sale $550,000 +86.4% $190 / Sq Ft
09/10/2014 09/10/14 Sold $295,000 -9.8% $102 / Sq Ft
08/11/2014 08/11/14 Pending -- -- --
06/20/2014 06/20/14 For Sale $327,000 -- $113 / 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 -- $793,400 $183,200 $610,200
2024 -- $776,900 $176,700 $600,200
2023 $0 $628,600 $139,200 $489,400
2022 $0 $543,700 $125,800 $417,900
2021 $0 $523,600 $111,500 $412,100
2020 $0 $487,700 $105,000 $382,700
2019 $0 $380,800 $88,700 $292,100
2018 $0 $340,700 $87,900 $252,800
2017 $0 $322,900 $77,300 $245,600
2016 $5,074 $285,000 $58,200 $226,800
2015 $5,074 $254,500 $55,400 $199,100
Source: Public Records

Agents Affiliated with this Home

  • Mission Impossible Team

    Seller's Agent in 2019

    Mission Impossible Team

    United Brokers

    (781) 389-2906

    2 in this area

    222 Total Sales

    Section Image
  • Juan Saenz

    Buyer's Agent in 2019

    Juan Saenz

    United Brokers

    (781) 632-2889

    9 Total Sales

    Section Image

  • C

    Seller's Agent in 2014

    Craig Sutherland

    StartPoint Realty

    Section Image

  • N

    Buyer's Agent in 2014

    Nadia Ustariz

    Invector Properties

See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72489208

MLS Property Information Network (MLS PIN)

APN: LYNN-000069-000645-000014

Massachusetts Essex County Lynn 01902 Central Lynn

63 Franklin St, Lynn, MA

This home is located at 63 Franklin St, Lynn, MA 01902 since 26 April 2019 and is currently estimated at $868,177, approximately $299 per square foot. This property was built in 1900. 63 Franklin St is a home located in Essex County with nearby schools including Cobbet 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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