25 Forest Hill Ave, Lynn MA 01904
Lynn, MA 01904
$1,170,000
Est. $6,227/month
About this home
Located in the Pine Hill neighborhood, this 6+ unit investment property offers a lucrative opportunity for seasoned investors or those entering the real estate market. The property consists of five 1-bedroom apartments and two studios. Recent upgrades include a brand-new roof installed in May 2024 and the installation of carbon monoxide and smoke detectors in all apartments and stairways in 2021, along with the replacement of water tanks between 2021 and 2023.
Sale Statistics
Sale Overview
Original List Price:
$1,049,000
Final Sale Price:
$1,170,000
Difference:
+$121,000 (+11.5%)
Performance Metrics
111.5%
List to Sale Ratio
Sold above asking price
19
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft:
$216
Sale $/sq ft:
$241
This property sold for $241 per square foot
Sale Summary
This property sold for 11.5% above the original asking price, indicating strong buyer demand.
With only 19 days on market, this was a quick sale compared to typical market conditions.
Facts & Features
Property Overview
Property Type
5+ Family - 5+ Units Up/Down
Property Category
Residential Income
Year Built
1910
Bedrooms
7
Full Bathrooms
7
Living Area
4,848 sq ft
Total Rooms
22
Stories
5
Levels
5
Interior Features
Has Fireplace
No
Basement Details
Partially Finished
Exterior & Structure
Roof
Shingle
Foundation
Stone
Exterior Features
Balcony
Has Spa
No
Waterfront Features
Ocean
Waterfront Property
No
Lot & Land
Lot Size
0.17 acres
Lot Size
7,268 sq ft
Lot Size Area
0.1700
Lot Features
Corner Lot
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
5
Parking Features
Off Street
Utilities & Systems
Utilities Available
for Gas Range
Water Source
Public
Sewer
Public Sewer
Community & HOA
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$11,525
Tax Year
2024
Tax Assessed Value
$1,094,000
Tax Lot
7,268
Parcel Number
1991346
Zoning
R2
Financial Data Source
Owner
Additional Details
Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
Seller makes no warranties or representations. Expenses shared upon request.
Location
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Neighborhood
25 Forest Hill Ave, Lynn MA 01904
Lynn, MA 01904
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
$960
Homeowners Insurance
$200
PMI
$0
Property History
Market Insights
10.3%
Price Range
20
Total Days on Market
Property Timeline
Sold
Aug 9, 2024
$1,170,000
Property sold
Days on Market: 20
Listed for Sale
May 21, 2024
$1,049,000
Original listing
Agent: Waypoint Realty Group
Office: Coldwell Banker Realty - Boston
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 08/09/2024 | ✓ Sold | $1,170,000 | - | - | Property sold |
| 05/21/2024 | 🏠 Listed for Sale | $1,049,000 | - | - | Original listing |