NOT LISTED FOR SALE

8 Michigan Ave Unit 2 Lynn, MA 01902

East Lynn Neighborhood

Estimated Value: $217,000 - $325,000

1 Bed
1 Bath
600 Sq Ft
$335/mo HOA Fee

Last Sold July 27, 2022

Last sale price $210,000 $350 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $2,042/month

5 Days on Market

Highlights

  • Waterfront
  • Wood Flooring
  • Jogging Path
  • Property is near public transit
  • Main Floor Primary Bedroom
  • 2-minute walk to Kings Beach

About This Home

As of July 2022

Great investment opportunity! One block from the ocean beach. Full size one bedroom unit with hardwood floors throughout, all new kitchen appliances, one car off street deeded parking space, large storage bin in the basement. Condo fee include heat and hot water!

Last Agent to Sell the Property

Michael Romanovsky

MGR Global Realty, Inc. Listed on: 06/29/2022

Last Buyer's Agent

Michael Romanovsky

MGR Global Realty, Inc. Listed on: 06/29/2022

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,240

Year Built

  • Built in 1890

Lot Details

  • Waterfront

HOA Fees

  • $335 Monthly HOA Fees

Home Design

  • Garden Home
  • Frame Construction
  • Rubber Roof

Interior Spaces

  • 600 Sq Ft Home
  • 1-Story Property
  • Insulated Windows
  • Insulated Doors
  • Dining Area

Kitchen

  • Range<<rangeHoodToken>>
  • Dishwasher
  • Stainless Steel Appliances

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • 1 Full Bathroom

Basement

  • Exterior Basement Entry
  • Laundry in Basement

Parking

  • 1 Car Parking Space
  • Paved Parking
  • Open Parking
  • Off-Street Parking
  • Deeded Parking

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Window Unit Cooling System
  • 1 Heating Zone
  • Heating System Uses Natural Gas
  • Baseboard Heating
  • Hot Water Heating System
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number M:103 B:546 L:024 S:002,4496203

Community Details

Overview

  • Association fees include heat, water, sewer, insurance, maintenance structure, road maintenance, ground maintenance, snow removal, trash
  • 6 Units
  • Low-Rise Condominium
  • 8 Michigan Avenue Condominium Community

Amenities

  • Shops
  • Laundry Facilities
  • Community Storage Space

Recreation

  • Jogging Path

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,240

Year Built

Built in 1890

Lot Details

0

HOA Fees

$335 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Garden, Low-Rise
  • Year Built: 1890
  • Buyer Agency: 2.25
  • Buyer Agency Type: %
  • Entry Level: 1
  • Transaction Broker: 1.0
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Tile, Hardwood
  • Door Features: Insulated Doors
  • Fireplace YN: No
  • Appliances: Range,Dishwasher,Refrigerator, Gas Water Heater,Tank Water Heater, Utility Connections for Electric Range
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Features: Closet, Flooring - Hardwood
  • Room Master Bedroom Level: First
  • Room Master Bedroom Area: 113.219999
  • Bathroom 1 Features: Closet, Flooring - Stone/Ceramic Tile
  • Bathroom 1 Level: First
  • Room Kitchen Level: First
  • Room Kitchen Features: Flooring - Stone/Ceramic Tile, Dining Area, Exterior Access, Stainless Steel Appliances
  • Room Kitchen Area: 134.64
  • Laundry Features: In Basement, Common Area, In Building
  • Room Living Room Level: First
  • Room Living Room Area: 183
  • Room Living Room Features: Closet, Flooring - Hardwood
  • Living Area: 600
  • Stories Total: 1
  • Window Features: Insulated Windows
  • MAIN LO: C95172
  • LIST PRICE PER Sq Ft: 349.83
  • PRICE PER Sq Ft: 350
  • MAIN SO: C95172

Exterior Features

  • Construction Materials: Frame
  • Home Warranty YN: No
  • Roof: Rubber
  • Waterfront Features: Beach Front, Ocean, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

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

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range
  • Cooling: Window Unit(s)
  • Heating: Baseboard, Natural Gas
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • SEWAGE DISTRICT: Lynn
  • HEAT ZONES: 1

Condo/Co-op/Association

  • Association Amenities: Hot Water, Storage
  • Association Fee: 335.35
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Walk/Jog Trails, Public School
  • UNIT BUILDING: 2
  • MANAGEMENT: Professional - Off Site
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Water, Sewer, Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash

Lot Info

  • Parcel Number: M:103 B:546 L:024 S:002,4496203
  • Zoning: BD
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.1
  • Lot Size Area: 0.1
  • Lot Size Sq Ft: 4568
  • Lot Size Units: Acres
  • PAGE: 373

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 2239.89
  • Tax Book Number: 23691

Multi Family

  • Number Of Units Total: 6
  • Basement Included Sq Ft: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2022
Closed on
Jul 22, 2022
Sold by
Galatsky Vadim I
Bought by
Ware Lane Rt
Seller's Agent
Michael Romanovsky
MGR Global Realty, Inc.
Buyer's Agent
Michael Romanovsky
MGR Global Realty, Inc.
List Price
$209,900
Sold Price
$210,000
Premium/Discount to List
$100
0.05%
Current Estimated Value
$274,004

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,004
Avg. Annual Appreciation
7.03%

Purchase Details

Closed on
Mar 31, 2015
Sold by
Galatsky Vadim I
Bought by
Galatsky Vadim I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,910
Interest Rate
3.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 2, 2007
Sold by
Shilman Ekaterina
Bought by
Shilman Vadim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$93,000
Interest Rate
6.65%

Purchase Details

Closed on
Nov 30, 2004
Sold by
Solimine Rt and Solimine David J
Bought by
Shilman Ekaterina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$92,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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

Date Buyer Sale Price Title Company
Ware Lane Rt $210,000 None Available
Ware Lane Rt $210,000 None Available
Galatsky Vadim I -- --
Galatsky Vadim I -- --
Shilman Vadim -- --
Shilman Vadim -- --
Shilman Ekaterina $115,000 --
Shilman Ekaterina $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Galatsky Vadim I $85,910
Previous Owner Shilman Ekaterina $93,000
Previous Owner Shilman Ekaterina $92,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2022 07/28/22 Off Market $209,900 -- --
07/27/2022 07/27/22 Sold $210,000 0.0% $350 / Sq Ft
07/05/2022 07/05/22 Pending -- -- --
06/29/2022 06/29/22 For Sale $209,900 0.0% $350 / Sq Ft
10/01/2019 10/01/19 Rented $1,450 0.0% --
09/29/2019 09/29/19 Under Contract -- -- --
09/26/2019 09/26/19 For Rent $1,450 -- --
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 $2,326 $224,500 $0 $224,500
2024 $2,224 $211,200 $0 $211,200
2023 $2,238 $200,700 $0 $200,700
2022 $2,240 $180,200 $0 $180,200
2021 $2,156 $165,500 $0 $165,500
2020 $1,883 $140,500 $0 $140,500
2019 $1,676 $117,200 $0 $117,200
2018 $1,832 $120,400 $0 $120,400
2017 $1,716 $110,000 $0 $110,000
2016 $1,262 $78,000 $0 $78,000
2015 $1,152 $68,800 $0 $68,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73005318

MLS Property Information Network (MLS PIN)

APN: LYNN-000103-000546-000024-000002-000002