J
Seller's Agent in 2023
John Wellington
RE/MAX
8-8A Cedar Lynn, MA 01902
Pine Hill Neighborhood
6
Beds
6
Baths
3,618
Sq Ft
3,412
Sq Ft Lot
Highlights
- Property is near public transit and schools
- Corner Lot
- Shops
About This Home
As of December 2023***PARTIAL SELLER FINANCING AVAILABLE!*** 8-8A Cedar Street. A 3-story building with 6- One Bedroom units and great cash flow. Situated within close proximity to Market Basket, major transportation hubs, with less than 2 miles from the beach and the vibrant downtown Lynn area, convenience is at your doorstep. Tenants will appreciate easy access to shopping, dining, ample parking, and commuting options. Whether you're an experienced investor seeking to expand your portfolio or a newcomer looking to make a smart entry into the real estate market, this multi-family building offers a rare blend of immediate returns and future prospects. Tenants pay for heat through separate electric meters. Don't miss out on the chance to secure a prime property in a thriving location. Moreover, additional opportunity awaits with the adjacent property at 371 Boston Street.
Last Agent to Sell the Property
John Wellington
RE/MAX 360 Listed on: 09/29/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,177
Year Built
- Built in 1885
Lot Details
- 3,412 Sq Ft Lot
- Corner Lot
Parking
- 4 Car Parking Spaces
Home Design
- 3,618 Sq Ft Home
- Stone Foundation
- Frame Construction
- Tar and Gravel Roof
Bedrooms and Bathrooms
- 6 Bedrooms
- 6 Full Bathrooms
Location
- Property is near public transit and schools
Additional Features
- Unfinished Basement
Listing and Financial Details
- Total Actual Rent $8,755
- Assessor Parcel Number 1994681
Community Details
Overview
- 6 Units
- Property has 1 Level
Amenities
- Shops
Building Details
- Operating Expense $19,153
- Net Operating Income $85,907
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/20/2023 12/20/23 | Sold | $999,888 | -9.1% | $276 / Sq Ft |
| 10/06/2023 10/06/23 | Pending | -- | -- | -- |
| 09/29/2023 09/29/23 | For Sale | $1,100,000 | -- | $304 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
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 | $9,149 | $883,100 | $186,700 | $696,400 |
| 2024 | $9,065 | $860,900 | $175,400 | $685,500 |
| 2023 | $8,177 | $733,400 | $170,000 | $563,400 |
| 2022 | $7,983 | $642,200 | $157,500 | $484,700 |
| 2021 | $8,202 | $629,500 | $151,200 | $478,300 |
| 2020 | $7,760 | $579,100 | $133,200 | $445,900 |
| 2019 | $6,771 | $473,500 | $109,000 | $364,500 |
| 2018 | $6,201 | $409,300 | $90,600 | $318,700 |
| 2017 | $5,753 | $368,800 | $76,800 | $292,000 |
| 2016 | $5,291 | $327,000 | $68,500 | $258,500 |
| 2015 | $4,598 | $274,500 | $63,900 | $210,600 |
Source: Public Records
Agents Affiliated with this Home
-
-
Wenli Zheng
W
Buyer's Agent in 2023
Wenli Zheng
Fairview Partners International LLC
(617) 447-5035
2 in this area
11 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73165096
APN: LYNN M:054 B:319 L:017
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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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