NOT LISTED FOR SALE

Estimated Value: $849,402

6 Beds
3 Baths
3,700 Sq Ft
$230/Sq Ft Est. Value

Last Sold June 05, 2023

Last sale price $760,000 $205 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $5,234/month

4 Days on Market

Highlights

  • 0.21 Acre Lot
  • Balcony
  • Level Lot
  • Deck
  • Porch

About This Home

As of June 2023

Downtown Lynn spacious three-unit property! This large property boasts three generously sized units, each with plenty of room to spread out and make yourself at home. With a large lot, this property offers ample space for outdoor activities, parking potential, and entertainment, making it an ideal spot for families or those who love to host events. Live in one unit and make rental income with the rest. While this property has great potential, it does require some TLC from a skilled contractor to bring it to its full potential. This makes it a perfect opportunity for those looking to invest in a property with excellent potential for value appreciation. Located in the heart of Lynn, this property offers convenient access to all the amenities the city has to offer. With easy access to transportation, shopping, dining, and entertainment, this property is a true gem in the heart of the city. Don't miss out on this unique opportunity to own a piece of Downtown Lynn's history!

Last Agent to Sell the Property

John Wellington

RE/MAX 360 Listed on: 04/19/2023

RE/MAX 360

Last Buyer's Agent

Jake VanMeter

The Drumlin Group Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,431

Year Built

  • Built in 1900

Lot Details

  • 9,000 Sq Ft Lot
  • Level Lot

Home Design

  • 3,700 Sq Ft Home
  • Stone Foundation
  • Tar and Gravel Roof

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 10 Car Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Deck
  • Porch

Community Details

  • 3 Units
  • Property has 1 Level

Listing and Financial Details

  • Legal Lot and Block 015 / 641
  • Assessor Parcel Number 069641015,2003607

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,431

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1900
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Gross/Full Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 6
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Basement: Full, Walk-Out Access
  • Living Area: 3700
  • Spa YN: No
  • Stories Total: 6
  • MAIN LO: AN4305
  • MAIN SO: AN4305

Exterior Features

  • Exterior Features: Balcony
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Deck
  • Roof: Tar/Gravel
  • Waterfront Features: Beach Front, 1 to 2 Mile To Beach
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street
  • Total Parking Spaces: 10

Utilities

  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community YN: No

Lot Info

  • Parcel Number: 069641015,2003607
  • Zoning: R5
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.21
  • Lot Size Sq Ft: 9000
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 8431
  • Tax Block: 641
  • Tax Lot: 015

Multi Family

  • Number Of Units Total: 3
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 3: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2023
Closed on
May 23, 2023
Sold by
Spiros Nicholas
Bought by
Centerboard Inc
Seller's Agent
John Wellington
RE/MAX 360
Buyer's Agent
Jake VanMeter
The Drumlin Group Inc.
List Price
$769,000
Sold Price
$760,000
Premium/Discount to List
-$9,000
-1.17%
Views
43
Current Estimated Value
$849,402

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,402
Avg. Annual Appreciation
4.53%

Purchase Details

Closed on
Mar 20, 2019
Sold by
Spiros Jennie
Bought by
Spiros Nicholas
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

Date Buyer Sale Price Title Company
Centerboard Inc $760,000 None Available
Spiros Nicholas -- --
Spiros Nicholas -- --
Spiros Nicholas -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/05/2023 06/05/23 Sold $760,000 -1.2% $205 / Sq Ft
04/24/2023 04/24/23 Pending -- -- --
04/19/2023 04/19/23 For Sale $769,000 -- $208 / 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 $9,187 $887,700 $218,800 $668,900
2024 $9,187 $872,500 $211,000 $661,500
2023 $8,431 $756,100 $166,300 $589,800
2022 $8,415 $677,000 $150,300 $526,700
2021 $7,976 $612,100 $133,200 $478,900
2020 $7,572 $565,100 $125,500 $439,600
2019 $7,199 $503,400 $106,000 $397,400
2018 $6,683 $441,100 $105,000 $336,100
2017 $6,321 $405,200 $92,400 $312,800
2016 $5,637 $348,400 $69,500 $278,900
2015 $5,089 $303,800 $66,100 $237,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73100380

MLS Property Information Network (MLS PIN)

APN: LYNN-000069-000641-000015