J
Seller's Agent in 2016
Julius Sokol
Lokos Realty & Management
87 Lynnway Unit 91 Lynn, MA 01902
Downtown Lynn NeighborhoodEstimated Value: $852,195
5
Beds
5
Baths
3,629
Sq Ft
$235/Sq Ft
Est. Value
About This Home
As of July 2016Rare opportunity to purchase a mixed-use property with Ocean and Yacht Club views from three floors with multiple decks. Unique Lynnway property features duplex commercial unit rented as a music recording studio for 5yrs. One 2-bed/1bath residential unit and one 2-bed/2bath owner's two level unit built in 1999 as an addition with large laundry room, living space, and office. Nice yard and storage shed allow for additional outdoor living and bbqs. Each unit heated with individually metered Burnham Boilers. All 3 units individually wired and metered as well. Addition built in late 1990s and commercial unit renovated in 2009. Both residential tenants are TAW. Great location steps to commuter rail, beaches, college, and great new restaurants in downtown Lynn. Large basement with laundry, storage, and 1/2 bath. Curb-cut with multiple parking spaces. Only a couple miles to Boston. First showing at Open House Saturday May 21 from 11:30-1pm. Offers, if any, due by Monday May 24th at 5pm
Last Agent to Sell the Property
Julius Sokol
Lokos Realty & Management Listed on: 05/18/2016
Last Buyer's Agent
Julius Sokol
Lokos Realty & Management Listed on: 05/18/2016
Property Details
Home Type
Multi-Family
Year Built
1893
Lot Details
0
Listing Details
- Lot Description: Paved Drive
- Property Type: Multi-family
- Lead Paint: Unknown
- Special Features: None
- Property Sub Type: MultiFamily
- Year Built: 1893
Interior Features
- Fireplaces: 1
- Has Basement: Yes
- Fireplaces: 1
- Number of Rooms: 13
- Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, Marina, Private School, Public School, T-Station, University
- Electric: Circuit Breakers
- Energy: Insulated Windows
- Flooring: Wood
- Total Levels: 5
Exterior Features
- Roof: Asphalt/Fiberglass Shingles
- Construction: Frame
- Exterior: Vinyl
- Exterior Features: Deck, Deck - Roof, Balcony, Storage Shed, City View(s), Garden Area
- Foundation: Brick
- Beach: Ocean
- Beach Ownership: Public
- Waterview Flag: Yes
Garage/Parking
- Parking: Off-Street
- Parking Spaces: 3
Utilities
- Cooling Zones: 1
- Heat Zones: 3
- Utility Connections: for Gas Range, for Gas Oven, Washer Hookup
- Sewer: City/Town Sewer
- Water: City/Town Water
- Electric: 760
Condo/Co-op/Association
- Total Units: 3
Lot Info
- Assessor Parcel Number: 081-587-011
- Zoning: R5
Multi Family
- APOD Available: Yes
- Cooling Units: 1
- Heat Units: 3
- Total Bedrooms: 5
- Total Fireplaces: 1
- Total Floors: 6
- Total Levels: 3
- Total Rms: 4
- Waterview: Marina, Ocean
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 18, 2016
Closed on
Jul 12, 2016
Sold by
First Sokol T Llc
Bought by
Cowhig Christopher
Seller's Agent
Julius Sokol
Lokos Realty & Management
Buyer's Agent
Julius Sokol
Lokos Realty & Management
List Price
$499,999
Sold Price
$460,000
Premium/Discount to List
-$39,999
-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
$392,195
Avg. Annual Appreciation
6.68%
Original Mortgage
$39,999
Interest Rate
3.42%
Mortgage Type
Commercial
Purchase Details
Closed on
Apr 30, 1998
Sold by
Donaghey Matthew
Bought by
Glass Harold and Glass Michael A
Purchase Details
Closed on
Feb 19, 1997
Sold by
Gargalianos Rt and Gargalianos John J
Bought by
Donaghey Matthew
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cowhig Christopher | $460,000 | -- | |
| Sokol First T Llc | -- | -- | |
| Sokol First T Llc | -- | -- | |
| Glass Harold | $105,000 | -- | |
| Glass Harold | $105,000 | -- | |
| Donaghey Matthew | $60,000 | -- | |
| Donaghey Matthew | $60,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Cowhig Christopher | $368,000 | |
| Closed | Cowhig Christopher | $368,000 | |
| Previous Owner | Donaghey Matthew | $136,500 | |
| Previous Owner | Donaghey Matthew | $240,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/12/2016 07/12/16 | Sold | $460,000 | -8.0% | $127 / Sq Ft |
| 05/28/2016 05/28/16 | Pending | -- | -- | -- |
| 05/18/2016 05/18/16 | For Sale | $499,999 | -- | $138 / 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 | -- | $736,100 | $226,000 | $510,100 |
| 2024 | -- | $683,100 | $217,200 | $465,900 |
| 2023 | $0 | $635,900 | $195,700 | $440,200 |
| 2022 | $0 | $556,700 | $180,500 | $376,200 |
| 2021 | $0 | $543,900 | $180,500 | $363,400 |
| 2020 | $0 | $473,500 | $174,300 | $299,200 |
| 2019 | $0 | $442,200 | $143,000 | $299,200 |
| 2018 | $0 | $422,500 | $144,000 | $278,500 |
| 2017 | $0 | $342,700 | $125,200 | $217,500 |
| 2016 | -- | $329,600 | $120,400 | $209,200 |
| 2015 | -- | $312,100 | $120,400 | $191,700 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72008407
APN: LYNN-000081-000587-000011
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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