NOT LISTED FOR SALE

Estimated Value: $674,642 - $763,000

5 Beds
2.5 Baths
2,096 Sq Ft
$337/Sq Ft Est. Value

Sale Details

Date Sold: July 28, 2023

Last sale price $682,000 $325 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $4,461 / mo

4 Days on Market

Highlights

  • Marina
  • Property is near public transit
  • Jogging Path
  • Deck
  • Wood Flooring
  • 5-minute walk to Henry Avenue Park

About This Home

As of July 2023

Best place to invest money in any economy - multi-family real estate. This well cared-for 2-family promises a great store of value & debt coverage ratio for your future. It boasts a 6% Cap Rate & a nice turn-key building which could increase your cash flow, or be an inviting home, with a supplemental unit, to help offset costs. The 1st floor unit is comprised of a 2-bed, 1 full bath apartment with hardwood floors throughout, granite counters & newly fitted stainless appliances with full tub & a rear deck. The 2nd floor unit houses a 3-bed, 1.5 bath across 2 living levels. Eat-in kitchens with comfortable layouts & direct access to decks make for nice usable spaces. Each unit is equipped with a hot water boiler, fueled by oil, & share a washer/dryer in the basement. Vinyl windows & siding mean maintenance is relatively low, with an opportunity to increase rents (both TAWs) in burgeoning Lynn market. 3 off-street parking & reliable tenants with solid rental history make it a solid choice

Last Agent to Sell the Property

Andrew Maxfield

In REM Real Estate Inc. Listed on: 05/03/2023

Last Buyer's Agent

Luis Rubiano

United Brokers

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,424

Year Built

  • Built in 1900

Lot Details

  • 2,527

Home Design

  • Duplex
  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,096 Sq Ft Home
  • Property has 1 Level
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 3 Car Parking Spaces
  • Tandem Parking
  • Driveway
  • Open Parking
  • Off-Street Parking

Utilities

  • Cooling Available
  • 2 Heating Zones
  • Heating Available
  • 200+ Amp Service
  • Natural Gas Connected
  • Gas Water Heater

Additional Features

  • Deck
  • 2,527 Sq Ft Lot
  • Property is near public transit

Listing and Financial Details

  • Total Actual Rent $3,700
  • Rent includes unit 1(water), unit 2(water)
  • Assessor Parcel Number 2004572

Community Details

Overview

  • 2 Units
  • Near Conservation Area

Amenities

  • Shops
  • Coin Laundry

Recreation

  • Marina
  • Park
  • Jogging Path
  • Bike Trail

Building Details

  • Water Sewer Expense $4,800
  • Operating Expense $4,980
  • Net Operating Income $39,420

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,424

Year Built

Built in 1900

Lot Details

2,527 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 2 Family - 2 Units Up/Down
  • Year Built: 1900
  • Buyer Agency Type: %
  • Dual Variable: Yes
  • Transaction Broker Type: %
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 3

Interior Features

  • Flooring: Hardwood, Unit 1(undefined), Unit 2(Hardwood Floors)
  • Interior Amenities: Unit 1(Stone/Granite/Solid Counters,Bathroom With Tub & Shower), Unit 2(Stone/Granite/Solid Counters,Bathroom With Tub & Shower), Unit 1 Rooms(Living Room,Kitchen), Unit 2 Rooms(Living Room,Kitchen)
  • Fireplace YN: No
  • Appliances: Washer, Dryer, Unit 1(Range,Dishwasher,Microwave,Refrigerator,Freezer), Unit 2(Range,Dishwasher,Refrigerator,Freezer), Gas Water Heater, Utility Connections for Gas Range
  • Total Bedrooms: 5
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3
  • Basement: Full
  • Living Area: 2096
  • Spa YN: No
  • Stories Total: 3
  • MAIN LO: AN4233
  • MAIN SO: BB9067

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Deck - Wood
  • Road Frontage Type: Public
  • Roof: Shingle
  • Waterfront Features: Beach Front, Ocean, 1 to 2 Mile To Beach
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street, Tandem
  • Total Parking Spaces: 3

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Cooling: Unit 1(Window AC), Unit 2(Window AC)
  • Heating: Unit 1(Hot Water Radiators,Oil), Unit 2(Hot Water Radiators,Oil)
  • Cooling Y N: Yes
  • Electric: 200+ Amp Service
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 2
  • HEAT ZONES: 2

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina
  • Rent Includes: Unit 1(Water), Unit 2(Water)
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 4800

Lot Info

  • Parcel Number: 2004572
  • Zoning: Res
  • Farm Land Area Units: Square Feet
  • Lot Features: Easements
  • Lot Size Acres: 0.06
  • Lot Size Sq Ft: 2527
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6424

Multi Family

  • Net Operating Income: 39420
  • Number Of Units Total: 2
  • Operating Expense: 4980
  • Total Actual Rent: 3700
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEASE 2: N
  • LEASE 1: N

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
May 3, 2023
Closed on
Jul 27, 2023
Sold by
Brown Jake
Bought by
Seller's Agent
Andrew Maxfield
In REM Real Estate Inc.
Buyer's Agent
Luis Rubiano
United Brokers
List Price
$675,000
Sold Price
$682,000
Premium/Discount to List
$7,000
1.04%
Views
82
Current Estimated Value
$706,161

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,161
Avg. Annual Appreciation
1.12%
Original Mortgage
$669,647
Outstanding Balance
$647,170
Interest Rate
6.69%
Mortgage Type
FHA
Estimated Equity
$58,991

Purchase Details

Listed on
Apr 4, 2017
Closed on
May 31, 2017
Sold by
Dasilva Fabio
Bought by
Brown Jake
Seller's Agent
Sheri Trocchi
J. Barrett & Company
Buyer's Agent
Andrew Maxfield
In REM Real Estate Inc.
List Price
$399,000
Sold Price
$435,000
Premium/Discount to List
$36,000
9.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.57%
Original Mortgage
$421,950
Interest Rate
3.97%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 7, 2014
Closed on
Feb 24, 2015
Sold by
Don Q Real Estate Dev
Bought by
Dasilva Fabio
Seller's Agent
Edward Scialdoni
Churchill Properties
Buyer's Agent
Joseph Stella
Century 21 North East
List Price
$339,900
Sold Price
$295,000
Premium/Discount to List
-$44,900
-13.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.66%
Original Mortgage
$235,500
Interest Rate
3.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 20, 2014
Sold by
Ligor Matthew
Bought by
Don Q Real Est Dev Llc

Purchase Details

Closed on
Jul 15, 2005
Sold by
French Kevin
Bought by
Ligor Matthew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$30,000
Interest Rate
5.67%

Purchase Details

Closed on
Nov 17, 1994
Sold by
Fnma
Bought by
French Kevin and French Barbara
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
$682,000 None Available
Brown Jake $435,000 --
Dasilva Fabio $295,000 --
Don Q Real Est Dev Llc $195,000 --
Ligor Matthew $237,000 --
French Kevin $42,000 --
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 -- $669,647
Previous Owner Brown Jake $421,950
Previous Owner Dasilva Fabio $235,500
Previous Owner Ligor Matthew J $30,000
Previous Owner Ligor Matthew J $35,550
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 Prior Sale
07/28/2023 07/28/23 Sold $682,000 +1.0% $325 / Sq Ft
05/08/2023 05/08/23 Pending -- -- --
05/03/2023 05/03/23 For Sale $675,000 +55.2% $322 / Sq Ft
05/31/2017 05/31/17 Sold $435,000 +9.0% $208 / Sq Ft View Prior Sale
04/11/2017 04/11/17 Pending -- -- --
04/04/2017 04/04/17 For Sale $399,000 -- $190 / 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 $6,781 $654,525 $173,800 $480,725
2024 $6,784 $644,300 $167,600 $476,700
2023 $6,424 $576,100 $132,100 $444,000
2022 $6,608 $531,600 $119,400 $412,200
2021 $6,176 $474,000 $105,800 $368,200
2020 $5,741 $428,400 $99,700 $328,700
2019 $5,435 $380,100 $84,200 $295,900
2018 $5,066 $334,400 $83,400 $251,000
2017 $4,852 $311,000 $73,400 $237,600
2016 $4,302 $265,900 $55,200 $210,700
2015 $3,605 $215,200 $52,500 $162,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73106210

MLS Property Information Network (MLS PIN)

APN: LYNN-000070-000677-000041

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