Nearly 3,700 square feet of quality living space in this spacious eight bedroom home; each apartment offers four large bedrooms and generously sized rooms throughout. Built in 1910, you'll love the high ceilings, hardwood floors, classic mouldings and beautiful ornamental fireplaces. The building features low-maintenance vinyl siding and newer composite decks and porches. The roof has modern architectural shingles. Separate heat and hot water are fueled by natural gas. New hot water tanks were just installed in 2023. The driveway and garage provide off-street parking. The backyard is fenced-in. This large two-family residence has a great rental history, one unit recently listed for $3,500 per month. The home is ideal for owner-occupants, extended family or investors. Located close to Walnut Street with easy access to the highway and major routes. Deleading documents are available for both apartments.
Sale Statistics
Sale Overview
Original List Price:$869,000
Final Sale Price:$970,000
Difference:
+$101,000 (+11.6%)
Performance Metrics
111.6%
List to Sale Ratio
Sold above asking price
4
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft:$235
Sale $/sq ft:$263
This property sold for $263 per square foot
Sale Summary
This property sold for 11.6% above the original asking price, indicating strong buyer demand.
With only 4 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Property Type
2 Family - 2 Units Up/Down
Property Category
Residential Income
Year Built
1910
Bedrooms
8
Full Bathrooms
2
Living Area
3,691 sq ft
Total Rooms
16
Stories
4
Levels
4
Interior Features
Flooring
Tile, Hardwood, Stone/Ceramic Tile
Heating
Forced Air, Natural Gas, Steam
Has Heating
Yes
Has Fireplace
Yes
Number of Fireplaces
2
Appliances
Range, Disposal, Microwave, Refrigerator, Freezer
Interior Features
Laundry Room, Ceiling Fan(s), Pantry, Lead Certification Available, Storage, High Speed Internet, Walk-In Closet(s), Bathroom With Tub & Shower, Open Floorplan, Internet Available - Broadband, Crown Molding, Living Room, Kitchen, Living RM/Dining RM Combo, Mudroom, Dining Room
Laundry Features
Electric Dryer Hookup, Washer Hookup
Basement Details
Full, Interior Entry, Concrete
Window Features
Insulated Windows
Door Features
Insulated Doors
Exterior & Structure
Construction Materials
Frame
Roof
Shingle
Foundation
Stone
Exterior Features
Balcony/Deck, Rain Gutters
Patio/Porch Features
Porch, Deck - Composite, Covered
Fencing
Fenced/Enclosed, Fenced
Has Spa
No
Waterfront Property
No
Lot & Land
Lot Size
0.10 acres
Lot Size
4,280 sq ft
Lot Size Area
0.1000
Parking & Garage
Garage Spaces
1
Has Garage
Yes
Total Non-Garage Parking Spaces
4
Parking Features
Paved Drive, Paved
Covered Parking Spaces
1
Utilities & Systems
Utilities Available
for Electric Range, for Electric Dryer, Washer Hookup
Public Transportation, Shopping, Park, Highway Access, Public School
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$8,963
Tax Year
2024
Tax Assessed Value
$851,200
Parcel Number
1991652
Zoning
R2
Additional Details
Year Built Source
Public Records
Year Built Details
Actual
Disclosures
Both units were leased in 2023, but the building is currently vacant. The seller has not lived in the building in recent years. Fireplaces are for ornamental use only. The owner is out of state, so the buyer is responsible for the removal of any unwanted items in or around the property.
Exclusions
Fireplace Screen.
Location
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Neighborhood
15 Salem Street, Lynn MA 01905
Lynn, MA 01905
Walkability
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Schools
School information not available
Monthly Payment Calculator
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Estimated Monthly Payment$0
Payment Breakdown
Principal & Interest$0
Property Tax$747
Homeowners Insurance$200
PMI$0
Property History
Market Insights
10.4%
Price Range
6
Total Days on Market
Property Timeline
✓
Sold
Jun 20, 2024
$970,000
Property sold
Days on Market: 6
🏠
Listed for Sale
Apr 24, 2024
$869,000
Original listing
Agent: Mark M. WadeOffice: Coldwell Banker Realty - Marblehead
