NOT LISTED FOR SALE

7 Prescott Rd Lynn, MA 01902

Diamond District Neighborhood

Estimated Value: $1,210,000 - $1,379,000

5 Beds
7 Baths
4,308 Sq Ft
$299/Sq Ft Est. Value

Last Sold September 19, 2019

Last sale price $839,000 $195 Per Sq Ft

Est. 54% increase in value since last sale

Current estimated payment $8,381/month

85 Days on Market

Highlights

  • In Ground Pool
  • Wood Flooring
  • Balcony
  • Landscaped Professionally
  • Fenced Yard
  • 1-minute walk to Red Rock Park

About This Home

As of September 2019

Welcome to 7 Prescott Road, located in the historic Diamond District. This magnificent English Tudor 2 family home stands today as a symbol of the finest craftsmanship & construction produced in the United States during the early 1900's. This 13 room, 5 bedroom, 5 bath home incorporates the finest elements of the past. A gracious foyer, with grand staircase, formal living & dining room, with fireplaces, beamed ceilings, and french doors. Large eat in kitchen with ss appliances, granite countertops. Have your morning coffee on your breakfast terrace overlooking the landscaped backyard, and in ground pool. Retire for the evening to your master suite with fireplace & private balcony, where you can enjoy ocean breezes & peeks of the ocean. 2nd unit is 3rd floor 1 bedroom apartment. Steps to the famous Lynn Shore Drive promenade. Conveniently located 10 miles to Logan Airport. Minutes to downtown Lynn's art & Cultural district, and some new and exciting restaurants. Welcome Home.

Last Agent to Sell the Property

Sean Connelly

William Raveis R.E. & Home Services Listed on: 05/16/2019

William Raveis R.E. & Home Services

Co-Listed By

Jacque Murray

M. Celata Real Estate

Last Buyer's Agent

Graciela Sparano

William Raveis R.E. & Home Services

William Raveis R.E. & Home Services

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,709

Year Built

  • Built in 1900

Lot Details

  • Fenced Yard
  • Landscaped Professionally
  • Sprinkler System
  • Garden

Parking

  • 2 Car Garage

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Outdoor Features

  • In Ground Pool
  • Balcony
  • Patio

Utilities

  • Natural Gas Water Heater

Additional Features

  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:093 B:564 L:014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,709

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Property Type: Multi-family
  • Other Agent: 2.00
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 201.93
  • Comp Based On: Net Sale Price
  • Year Built: 1900
  • Lead Paint: Unknown
  • Levels: 3
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1900

Interior Features

  • Fireplaces: 5
  • Flooring: Tile, Wall to Wall Carpet, Hardwood
  • Total Flrs: 3
  • Total Frplcs: 5
  • No Bedrooms: 5
  • Total Brs: 5
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Total Fbh: 5
  • Total Hbh: 2
  • No Rooms: 12
  • Basement: Y
  • Basement Features: Full, Walk Out, Concrete Floor
  • Main Lo: C58300
  • Main So: AN1593
  • Estimated Sq Ft: 4308.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Beach Miles To: 0 to 1/10 Mile
  • Construction: Frame
  • Roof Material: Slate
  • Exterior: Stucco
  • Exterior Features: Patio, Balcony, Pool - Inground, Professional Landscaping, Sprinkler System, Fenced Yard, Garden Area
  • Foundation: Irregular

Garage/Parking

  • Parking Feature: Off-Street, Paved Driveway
  • Parking Spaces: 8
  • Garage Spaces: 2

Utilities

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

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Park, Medical Facility, Highway Access, House of Worship, University
  • Hea Common: Gas

Lot Info

  • Assessments: 836200.00
  • Acre: 0.26
  • Lot Size: 11435.00
  • Page: 583
  • Parcel Number: M:093 B:564 L:014
  • Zoning: R1
  • Lot Description: Paved Drive

Multi Family

  • Total Levels: 3
  • Total Rent: 1250
  • Total Rms: 13
  • No Units: 2
  • Mf Type: 2 Family

Tax Info

  • Taxes: 11958.00
  • Assessor Parcel Number: 2001471

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2019
Closed on
Sep 19, 2019
Sold by
Peralta Carlos and Peralta Graciela
Bought by
Cepeda Gloria and Tinjaca Jesus
Seller's Agent
Sean Connelly
William Raveis R.E. & Home Services
Buyer's Agent
Graciela Sparano
William Raveis R.E. & Home Services
List Price
$869,900
Sold Price
$839,000
Premium/Discount to List
-$30,900
-3.55%
Total Days on Market
85
Current Estimated Value
$1,289,651

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$450,651
Avg. Annual Appreciation
7.30%
Original Mortgage
$671,200
Outstanding Balance
$595,565
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$659,122

Purchase Details

Closed on
Sep 1, 2000
Sold by
Nizhegorodov Dmitry and Nizhegordova Tamara
Bought by
Peralta Carlos and Peralta Graciela
Source: Public Records

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Range of Values:

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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
Cepeda Gloria $839,000 --
Peralta Carlos $450,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cepeda Gloria $671,200
Previous Owner Oliver Joanna $412,500
Previous Owner Oliver Joanna $427,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2019 09/19/19 Sold $839,000 -3.6% $195 / Sq Ft
08/09/2019 08/09/19 Pending -- -- --
05/16/2019 05/16/19 For Sale $869,900 -- $202 / 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 $13,709 $1,323,301 $249,600 $1,073,701
2024 $13,281 $1,261,300 $264,500 $996,800
2023 $13,110 $1,175,800 $245,100 $930,700
2022 $13,207 $1,062,500 $195,400 $867,100
2021 $12,642 $970,200 $191,900 $778,300
2020 $11,662 $870,300 $171,900 $698,400
2019 $11,958 $836,200 $225,200 $611,000
2018 $11,108 $733,200 $210,300 $522,900
2017 $10,705 $686,200 $200,200 $486,000
2016 $10,121 $625,500 $188,900 $436,600
2015 $9,583 $572,100 $195,400 $376,700
Source: Public Records

Agents Affiliated with this Home

  • Sean Connelly

    Seller's Agent in 2019

    Sean Connelly

    William Raveis R.E. & Home Services

    (781) 631-2330

    16 in this area

    94 Total Sales

    Sean Connelly
    Section Image
  • Jacque Murray

    Seller Co-Listing Agent in 2019

    Jacque Murray

    M. Celata Real Estate

    (781) 547-9077

    5 Total Sales

    Jacque Murray
    Section Image
  • Graciela Sparano

    Buyer's Agent in 2019

    Graciela Sparano

    William Raveis R.E. & Home Services

    6 Total Sales

    Graciela Sparano
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72501920

MLS Property Information Network (MLS PIN)

APN: LYNN-000093-000564-000014

Massachusetts Essex County Lynn 01902 Diamond District

7 Prescott Rd, Lynn, MA

This home is located at 7 Prescott Rd, Lynn, MA 01902 since 16 May 2019 and is currently estimated at $1,289,651, approximately $299 per square foot. This property was built in 1900. 7 Prescott Rd is a home located in Essex County with nearby schools including Brickett Elementary School, William R. Fallon School, and Marshall Middle 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.

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