D
Seller's Agent in 2024
Dan Finn
James A. Finn & Sons
(978) 922-0379
1 in this area
2 Total Sales
642-648 Eastern Ave Lynn, MA 01902
Chatham Street Neighborhood
9
Beds
6
Baths
4,549
Sq Ft
10,640
Sq Ft Lot
Highlights
- 0.24 Acre Lot
- Wood Flooring
- Living Room
- Property is near public transit
- Corner Lot
- Park
About This Home
As of October 2024Unique investment opportunity! This offering consists of three detached income producing structures situated on two separately assessed lots near the Salem/Lynn line. The first lot includes a triple-decker apartment building with 3 units and a freestanding operational pub. The second lot features a single family home with a large rear yard. The multi family has been modernized over time and could benefit from some cosmetic updates. The single family needs a full renovation and will not qualify for conventional financing. These properties could easily become serious income producers for the savvy investor. Sold as package only.
Last Buyer's Agent
Non Member
Non Member Office
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,833
Year Built
- Built in 1900
Lot Details
- 10,640 Sq Ft Lot
- Corner Lot
Home Design
- Frame Construction
- Shingle Roof
- Tar and Gravel Roof
Interior Spaces
- 4,549 Sq Ft Home
- Living Room
- Dining Room
- Range
Flooring
- Wood
- Carpet
- Vinyl
Bedrooms and Bathrooms
- 9 Bedrooms
Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- 8 Car Parking Spaces
- Shared Driveway
- Open Parking
- Off-Street Parking
Location
- Property is near public transit
Utilities
- Forced Air Heating System
- 5 Heating Zones
- Heating System Uses Natural Gas
- 100 Amp Service
Listing and Financial Details
- Total Actual Rent $6,300
- Rent includes unit 1(water)
- Legal Lot and Block 4 & 5 / 442
- Assessor Parcel Number 1997980
Community Details
Overview
- 5 Units
- Property has 1 Level
Recreation
- Park
Additional Features
- Shops
- Net Operating Income $75,600
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 26, 2024
Closed on
Oct 7, 2024
Sold by
Dillon Daniel Est and Wood
Bought by
Blackstone Holdings Llc
Seller's Agent
Dan Finn
James A. Finn & Sons
Buyer's Agent
Non Member
Non Member Office
List Price
$1,200,000
Sold Price
$1,176,000
Premium/Discount to List
-$24,000
-2%
Views
74
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$875,000
Outstanding Balance
$864,071
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 1, 1976
Bought by
Dillon Daniel R
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 |
|---|---|---|---|
| Blackstone Holdings Llc | $1,176,000 | None Available | |
| Blackstone Holdings Llc | $1,176,000 | None Available | |
| Blackstone Holdings Llc | $1,176,000 | None Available | |
| Blackstone Holdings Llc | $1,176,000 | None Available | |
| Dillon Daniel R | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Blackstone Holdings Llc | $875,000 | |
| Closed | Blackstone Holdings Llc | $875,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/09/2024 10/09/24 | Sold | $1,176,000 | -2.0% | $259 / Sq Ft |
| 04/05/2024 04/05/24 | Pending | -- | -- | -- |
| 03/26/2024 03/26/24 | For Sale | $1,200,000 | -- | $264 / 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 | -- | $697,100 | $206,100 | $491,000 |
| 2024 | -- | $626,100 | $196,200 | $429,900 |
| 2023 | $0 | $588,100 | $191,300 | $396,800 |
| 2022 | $0 | $394,900 | $159,600 | $235,300 |
| 2021 | $0 | $373,000 | $137,700 | $235,300 |
| 2020 | $0 | $364,100 | $130,100 | $234,000 |
| 2019 | $0 | $353,000 | $121,600 | $231,400 |
| 2018 | $0 | $349,900 | $118,500 | $231,400 |
| 2017 | $0 | $322,900 | $104,600 | $218,300 |
| 2016 | -- | $310,800 | $92,500 | $218,300 |
| 2015 | -- | $284,700 | $84,000 | $200,700 |
Source: Public Records
Agents Affiliated with this Home
-
Dan Finn
-
James Finn
J
Seller Co-Listing Agent in 2024
James Finn
James A. Finn & Sons
(978) 922-0379
1 in this area
16 Total Sales
-
N
Buyer's Agent in 2024
Non Member
Non Member Office
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73216485
APN: LYNN-000098-000442-000005
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.
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.
Nearby Homes
- 605 Eastern Ave Unit 211
- 30 Burdett Rd
- 71 Fays Ave
- 31 Atkins Ave
- 431-433 Chatham St
- 21 Atkins Ave
- 6A Goodridge St
- 27-29 Graves Ave
- 25 E Park Ave
- 21 E Park Ave
- 44 Valley Rd
- 73 Lockwood Rd
- 29 Lake View Place
- 39 Kelly Ln
- 106 Goodridge St
- 11 Urban St
- 302 Maple St
- 100 Magnolia Ave Unit 5
- 100 Magnolia Ave Unit 4
- 249 Chatham St
- 642-648 Eastern Ave Unit 3
- 7 Stanwood St
- 3 Stanwood St
- 000 Route 107
- 9 Stanwood St
- 49A Western Ave
- 63 Linton Rd
- 49 Western Ave
- 642 Eastern Ave Unit 648
- 14 Stanwood St
- 15 Stanwood St
- 52 Western Ave
- 51 Western Ave Unit 53
- 51 Western Ave Unit 1
- 16 Stanwood St
- 54 Western Ave
- 57 Linton Rd
- 21 Stanwood St
- 56 Western Ave
- 53A Western Ave Unit 2