85 Buffum St Lynn, MA 01902
Downtown Lynn Neighborhood
5
Beds
2
Baths
2,637
Sq Ft
3,920
Sq Ft Lot
Highlights
- Patio
- 5-minute walk to Lynn
- 4-minute walk to Lynn Heritage State Park
About This Home
As of May 2021Owner occupied two family. Unit 1 is on the first floor. Unit 2 has 2 levels second and third floor. Fenced in side yard. 3-4 car driveway with a shed. Unit 2 has a room in 3rd floor currently being used as a bedroom. Water heater is 1.5 years old. Washer and dryer in each unit, and stainless steel appliances are all included in the sale. Ring security alarm system also to be included in the sale. Property to be delivered vacant. Location is key close to the Purple line. Plenty of opportunity in this property with all the development in the area, prices will skyrocket. Great video of the property can be provided upon request. Rent estimates $2000 for unit 1 $2300 for unit 2 Open House Saturday April 10th and Sunday April 11th 1pm-3pm All offers due Monday April 12th at 3pm and seller will review at 6pm
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,302
Year Built
- Built in 1905
Additional Features
- Patio
- Natural Gas Water Heater
- Basement
Listing and Financial Details
- Assessor Parcel Number M:082 B:621 L:009
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 9, 2021
Closed on
May 17, 2021
Sold by
Avalo Jesse I
Bought by
Castillo Juana and Melendez Mario
Seller's Agent
Felix Gutierrez
Rey Realty Group
Buyer's Agent
Pierre Jean-Louis
Premium Realty & Insurance Services
List Price
$574,999
Sold Price
$621,000
Premium/Discount to List
$46,001
8%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$168,709
Avg. Annual Appreciation
5.74%
Original Mortgage
$600,274
Outstanding Balance
$549,743
Interest Rate
3.1%
Mortgage Type
FHA
Estimated Equity
$234,841
Purchase Details
Listed on
Apr 15, 2015
Closed on
Jun 29, 2015
Sold by
Lux Chhormpisey
Bought by
Avalo Jessie I
Seller's Agent
Sara Hrono
Century 21 North East
Buyer's Agent
Cristina Garcia
Coldwell Banker Realty - Marblehead
List Price
$324,900
Sold Price
$331,500
Premium/Discount to List
$6,600
2.03%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.25%
Original Mortgage
$320,436
Interest Rate
3.5%
Mortgage Type
FHA
Purchase Details
Closed on
Nov 4, 2014
Sold by
Lux Chhormpisey and Lux Rachana
Bought by
Lux Chhormpisey
Purchase Details
Closed on
Aug 17, 2009
Sold by
Keenan Erminie W
Bought by
Lux Chhormpisey
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$151,098
Interest Rate
5.36%
Mortgage Type
Purchase Money Mortgage
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Not Resolvable | $621,000 | None Available | |
| Not Resolvable | $331,500 | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Deed | $165,000 | -- | |
| Deed | $165,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $25,952 | FHA | |
| Open | $600,274 | FHA | |
| Closed | $600,274 | FHA | |
| Previous Owner | $320,436 | FHA | |
| Previous Owner | $151,098 | Purchase Money Mortgage | |
| Previous Owner | $322,500 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/17/2021 05/17/21 | Sold | $621,000 | +8.0% | $235 / Sq Ft |
| 04/14/2021 04/14/21 | Pending | -- | -- | -- |
| 04/09/2021 04/09/21 | For Sale | $574,999 | +73.5% | $218 / Sq Ft |
| 06/29/2015 06/29/15 | Sold | $331,500 | +2.0% | $160 / Sq Ft |
| 05/30/2015 05/30/15 | Pending | -- | -- | -- |
| 04/15/2015 04/15/15 | For Sale | $324,900 | -- | $157 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $7,302 | $704,794 | $171,800 | $532,994 |
| 2024 | $6,939 | $659,000 | $165,700 | $493,300 |
| 2023 | $6,570 | $589,200 | $130,600 | $458,600 |
| 2022 | $6,751 | $543,100 | $118,000 | $425,100 |
| 2021 | $6,295 | $483,100 | $104,600 | $378,500 |
| 2020 | $5,830 | $435,100 | $98,500 | $336,600 |
| 2019 | $5,507 | $385,100 | $83,200 | $301,900 |
| 2018 | $5,101 | $336,700 | $82,500 | $254,200 |
| 2017 | $4,694 | $300,900 | $72,500 | $228,400 |
| 2016 | $4,140 | $255,900 | $54,600 | $201,300 |
| 2015 | -- | $192,600 | $51,900 | $140,700 |
Source: Public Records
Agents Affiliated with this Home
-
Felix Gutierrez
F
Seller's Agent in 2021
Felix Gutierrez
Rey Realty Group
(857) 205-2729
1 in this area
45 Total Sales
-
Pierre Jean-Louis
Buyer's Agent in 2021
Pierre Jean-Louis
Premium Realty & Insurance Services
(781) 244-0817
1 in this area
52 Total Sales
-
Sara Hrono
Seller's Agent in 2015
Sara Hrono
Century 21 North East
(617) 222-0931
179 Total Sales
-
Cristina Garcia
C
Buyer's Agent in 2015
Cristina Garcia
Coldwell Banker Realty - Marblehead
2 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72812326
APN: LYNN-000082-000621-000009
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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