47 Trinity Ave, Lynn MA 01902

Lynn, MA 01902
$820,000
Est. $4,948/month
6
Beds
3
Baths
2,976
Sq Ft
$276
Price/Sq Ft
0.05
Acres
1880
Year Built
21
Days on Market
Closed Listed Mar 11, 2025 • MLS# 73343616 Copied!

About this home

Offer deadline Tuesday March 18, 3PM. Investment Opportunity: 3-Family Home Just 15 Minutes from Boston**Discover a fantastic investment opportunity with this charming 3-family home, located in a rapidly growing city Perfect for frugal buyers and savvy investors, this property is ideally situated near the commuter rail, providing easy access to the city while being minutes away from lynn & Revere beautiful beaches and a vibrant selection of restaurants. As the city continues to develop, demand for rental properties is on the rise, making this an ideal time to invest on 3 DECKER, while the house could benefit from some updates, it offers a unique chance to add value and enhance rental income potential. Each unit offers a cozy layout, creating a comfortable living environment for tenants. Key Features: Three units with excellent rental potential with minimum update, Located just 15 minutes from Boston, 10 minutes from wonderland station, Short distance from lynn Commuter rail.

Property Overview

Property Type
3 Family
Listing Type
For Sale
Year Built
1880
Bedrooms
6
Full Bathrooms
3
Living Area
2,976 sq ft
Total Rooms
12
Stories
3
Levels
3

Sale Statistics

Sale Overview
Original List Price: $767,000
Final Sale Price: $820,000
Difference: +$53,000 (+6.9%)
Performance Metrics
106.9%
List to Sale Ratio
Sold above asking price
21
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $258
Sale $/sq ft: $276
This property sold for $276 per square foot
Sale Summary

This property sold for 6.9% above the original asking price, indicating strong buyer demand.

With only 21 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Home Facts

Type Residential Income
Style 3 Family
Year Built 1880
Living Area 2,976 sq ft
Lot Size 0.05 acres
Bedrooms 6
Full Baths 3
Total Rooms 12

Interior

Heating None
Cooling None
Flooring Wood, Tile
Appliances None
Fireplace None
Basement Full
Laundry None
Features Dining Room, Kitchen

Exterior

Construction See Remarks
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch Porch

Parking

Features Paved Drive, Off Street
Total Spaces 3

Utilities

Electric 110 Volts
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Electric Range

Financial

Annual Tax $7,219
Assessed Value $696,800

Interior Features

Flooring: Wood, Tile
Appliances:
Interior Features: Dining Room, Kitchen
Windows:
Basement: Full
Laundry:
Security:

Construction & Materials

Year Built: 1880
Structure Type:
Exterior Materials: See Remarks
Roof:
Foundation: Other
Stories: 3

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water: Natural Gas
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch: Porch
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 3
Parking Features: Paved Drive, Off Street

Location

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Neighborhood

47 Trinity Ave, Lynn MA 01902

Lynn, MA 01902

Walkability

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Schools

School information not available

Monthly Payment Calculator

Monthly Payment
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Principal, interest, taxes & insurance
Loan Amount
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After down payment
Total Interest
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Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $602
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
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+0.5% Rate
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Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

6.5%
Price Range
24
Total Days on Market

Property Timeline

Sold
Apr 25, 2025
$820,000
Property sold
Days on Market: 24
🏠
Listed for Sale
Mar 11, 2025
$767,000
Original listing
Agent: Ivelisse Medina Office: Cameron Real Estate Group

Price & Status History

Date Event Price Change
Mar 11, 2025 New Listing Added $767,000

Market Statistics

Days on Market
21 days
Price per Sq Ft
$276

Tax History

Year Taxes Assessment
2025 $7,219 $696,800

Financial Details

Annual Property Tax
$7,219
Tax Year 2025
Assessed Value
$696,800

Listing Information

Listing Agent Ivelisse Medina
Listing Office Cameron Real Estate Group
Agent MLS ID C9500953
Office MLS ID AC0756
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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