NOT LISTED FOR SALE

7 Lander St Lynn, MA 01902

Fayette Street Neighborhood

Estimated Value: $530,219 - $633,000

4 Beds
2 Baths
1,591 Sq Ft
$367/Sq Ft Est. Value

Sale Details

Date Sold: September 6, 2023

Last sale price $535,000 $336 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,607 / mo

81 Days on Market

Highlights

  • Medical Services
  • Property is near public transit and schools
  • Coin Laundry
  • Deck
  • Wood Flooring
  • 4-minute walk to Goldfish Pond Park

About This Home

As of September 2023

This two-unit house in Lynn, MA is the perfect investment opportunity for developers or investors looking for a property in a centrally located area. The property is being sold as is, providing a blank canvas for someone to create their dream home or develop the property to their liking. The first unit is currently vacant, allowing for easy renovation or customization to suit your needs. The second unit is tenanted, providing an immediate income stream for the new owner. This property is conveniently located close to public transportation, making it easy to get around the area. It's also near schools and North Shore Community College, making it an ideal choice for families with children or students. Plus, with a variety of restaurants and other amenities in the area, you'll never be far from the action. If you're looking for a property with great potential in a prime location, this two-unit house in Lynn, MA is an opportunity not to be missed!

Last Agent to Sell the Property

The Reference Group

Reference Real Estate Listed on: 04/28/2023

Co-Listed By

Seth Williams

Reference Real Estate

Last Buyer's Agent

Robert Weisenbloom

American STAR Realty Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,683

Year Built

  • Built in 1900

Lot Details

  • 1,973

Home Design

  • Block Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,591 Sq Ft Home
  • Property has 1 Level
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Car Parking Space
  • Driveway
  • Open Parking
  • Off-Street Parking

Schools

  • Marshall Elementary School
  • English High School

Utilities

  • 110 Volts
  • Natural Gas Connected

Additional Features

  • Deck
  • 1,973 Sq Ft Lot
  • Property is near public transit and schools

Listing and Financial Details

  • Total Actual Rent $2,300
  • Assessor Parcel Number M:082 B:602 L:007,2002895

Community Details

Amenities

  • Medical Services
  • Coin Laundry

Additional Features

  • 2 Units
  • Net Operating Income $27,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,683

Year Built

Built in 1900

Lot Details

1,973 Sq Ft Lot

Listing Details

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

Interior Features

  • Flooring: Wood
  • Interior Amenities: Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen,Family Room)
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Refrigerator), Unit 2(Range,Refrigerator), Utility Connections for Gas Range
  • Total Bedrooms: 4
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Full
  • Living Area: 1591
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN6899
  • MAIN SO: G95222

Exterior Features

  • Exterior Features: Deck - Wood
  • Construction Materials: Frame
  • Foundation Details: Block
  • Home Warranty YN: No
  • Patio And Porch Features: Deck - Wood
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront YN: No
  • Waterview Flag: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Electric: 110 Volts
  • Water Source: Public
  • Hot Water: Natural Gas

Condo/Co-op/Association

  • Community Features: Public Transportation, Medical Facility, Laundromat, Highway Access, House of Worship, Public School, T-Station
  • Senior Community YN: No

Lot Info

  • Parcel Number: M:082 B:602 L:007,2002895
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.05
  • Lot Size Sq Ft: 1973
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5683

Multi Family

  • Net Operating Income: 27600
  • Number Of Units Total: 2
  • Total Actual Rent: 2300
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: N
  • LEASE 1: N

MLS Schools

  • High School: English
  • Elementary School: Marshall

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 23, 2009
Sold by
Bought by
Current Estimated Value
$583,305

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,250
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 1, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,250
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 3, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,250
Interest Rate
5.12%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 3, 2002
Sold by
Bought by

Purchase Details

Closed on
Aug 29, 2001
Sold by
Bought by

Purchase Details

Closed on
Sep 9, 1993
Sold by
Bought by

Purchase Details

Closed on
Mar 1, 1993
Sold by
Bought by

Purchase Details

Closed on
Dec 3, 1992
Sold by
Bought by

Purchase Details

Closed on
May 3, 1990
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- --
$135,000 --
$66,000 --
$175,000 --
$130,000 --
$59,500 --
$23,000 --
$135,548 --
$138,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $101,250
Previous Owner $47,680
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/06/2023 09/06/23 Sold $535,000 -2.7% $336 / Sq Ft
07/19/2023 07/19/23 Pending -- -- --
06/21/2023 06/21/23 Price Changed $549,900 -1.8% $346 / Sq Ft
06/12/2023 06/12/23 For Sale $560,000 0.0% $352 / Sq Ft
06/01/2023 06/01/23 Pending -- -- --
05/11/2023 05/11/23 Price Changed $560,000 -2.6% $352 / Sq Ft
04/28/2023 04/28/23 For Sale $575,000 -- $361 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $5,489 $529,826 $165,900 $363,926
2024 $5,519 $524,100 $158,700 $365,400
2023 $5,683 $509,700 $169,700 $340,000
2022 $5,480 $440,900 $125,500 $315,400
2021 $5,079 $389,800 $108,600 $281,200
2020 $4,852 $362,100 $111,600 $250,500
2019 $4,452 $311,300 $86,200 $225,100
2018 $4,350 $287,100 $96,800 $190,300
2017 $4,109 $263,400 $85,000 $178,400
2016 $3,704 $228,900 $71,000 $157,900
2015 $3,613 $215,700 $75,200 $140,500
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2023

    The Reference Group

    Reference Real Estate

    (781) 342-0052

    2 in this area

    263 Total Sales

    The Reference Group
    Section Image
  • Seth Williams

    Seller Co-Listing Agent in 2023

    Seth Williams

    Reference Real Estate

    (617) 680-9322

    2 in this area

    131 Total Sales

    Seth Williams
    Section Image

  • R

    Buyer's Agent in 2023

    Robert Weisenbloom

    American STAR Realty Group

    (978) 905-8111

    1 in this area

    23 Total Sales

    Robert Weisenbloom
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73104545

MLS Property Information Network (MLS PIN)

APN: LYNN-000082-000602-000007

Massachusetts Essex County Lynn 01902 Fayette Street

7 Lander St, Lynn, MA

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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