J
Seller's Agent in 2023
John Wellington
North Shore Realty Advisors
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
North Shore Realty Advisors 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
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
Listed on
Sep 29, 2023
Closed on
Dec 19, 2023
Sold by
Bought by
Seller's Agent
John Wellington
North Shore Realty Advisors
Buyer's Agent
Wenli Zheng
Fairview Partners International LLC
List Price
$1,100,000
Sold Price
$999,888
Premium/Discount to List
-$100,112
-9.1%
Views
13
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,322,000
Interest Rate
0.075%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 18, 1998
Sold by
Bought by
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|
| $1,999,776 | None Available | ||
| $225,000 | -- |
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 |
|---|---|---|---|
| Open | $1,322,000 | ||
| Closed | $1,620,000 | ||
| Previous Owner | $1,450,000 | ||
| Previous Owner | $205,000 | ||
| Previous Owner | $555,000 |
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 |
|---|---|---|---|---|
| 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
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 | $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
15 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73165096
APN: LYNN M:054 B:319 L:017
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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