Seller's Agent in 2019
Brian DApice
The Mega Group
(978) 922-6400
11 Total Sales
7 Broad St Lynn, MA 01902
Diamond District NeighborhoodEstimated Value: $2,268,364
16
Beds
10
Baths
10,684
Sq Ft
$212/Sq Ft
Est. Value
About This Home
As of May 201910-UNIT MIXED-USE INVESTMENT OPPORTUNITY located on Broad Street, near the Lynn commuter rail. 7-11 Broad Street boasts 10,684 +/- square feet of area, including two retail storefronts, featuring eight (8) two-bedroom apartments. The current rents in place are well below market value, creating the immediate ability to substantially increase income. All of the residential apartments are TAW. The basement, retail suites and common areas are all sprinklered. The roof is flat rubber and is in good condition and there are 5-6 parking spaces accessible by mutual right-of-way with the abutter. Seller has held this asset since 1992 so this is an opportunity with new management in place to be a strong producing asset for your portfolio.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1890
Lot Details
- 6,098
Utilities
- Natural Gas Water Heater
Additional Features
- Basement
Listing and Financial Details
- Assessor Parcel Number M:082 B:601 L:022
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 11, 2019
Closed on
Apr 6, 2019
Sold by
7-11 Broad Street Rt
Bought by
7-11 Broad Street Llc
Seller's Agent
Brian DApice
The Mega Group
Buyer's Agent
Brian DApice
The Mega Group
List Price
$1,549,000
Sold Price
$1,500,000
Premium/Discount to List
-$49,000
-3.16%
Total Days on Market
30
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$768,364
Avg. Annual Appreciation
7.28%
Original Mortgage
$1,050,000
Outstanding Balance
$930,947
Interest Rate
4%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,362,426
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 |
|---|---|---|---|
| 7-11 Broad Street Llc | $1,500,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 7-11 Broad Street Llc | $1,050,000 | |
| Closed | 7-11 Broad Street Llc | $1,050,000 | |
| Previous Owner | N W C Rt | $242,000 | |
| Previous Owner | N W C Rt | $310,000 | |
| Previous Owner | N W C Rt | $460,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/15/2019 05/15/19 | Sold | $1,500,000 | -3.2% | $140 / Sq Ft |
| 03/13/2019 03/13/19 | Pending | -- | -- | -- |
| 02/11/2019 02/11/19 | For Sale | $1,549,000 | -- | $145 / 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 | -- | $1,982,900 | $285,700 | $1,697,200 |
| 2024 | -- | $1,938,200 | $271,400 | $1,666,800 |
| 2023 | $0 | $1,599,600 | $244,200 | $1,355,400 |
| 2022 | $0 | $1,367,900 | $213,400 | $1,154,500 |
| 2021 | $0 | $1,351,600 | $213,400 | $1,138,200 |
| 2020 | $0 | $1,242,700 | $205,800 | $1,036,900 |
| 2019 | $0 | $1,008,500 | $175,100 | $833,400 |
| 2018 | $0 | $862,800 | $160,000 | $702,800 |
| 2017 | $0 | $838,200 | $160,000 | $678,200 |
| 2016 | -- | $723,500 | $153,900 | $569,600 |
| 2015 | -- | $605,700 | $153,900 | $451,800 |
Source: Public Records
Agents Affiliated with this Home
-
Brian DApice
-
Dan Pouladian
Seller Co-Listing Agent in 2019
Dan Pouladian
North Shore Realty Advisors
(617) 548-7737
3 in this area
28 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72451754
APN: LYNN-000082-000601-000022
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.
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