188 Washington Street, Lynn MA 01902
Lynn, MA 01902
$1,000,000
Est. $5,322/month
About this home
Legal Rooming House, run as a sober establishment. 11 Units plus two common bathrooms, two common kitchen areas, one office, and one common TV/Rec room. All rooms are double occupancy, dormitory style. Sprinkler system throughout. Huge cash flow. Owner financing available, with attractive terms. Contact listing broker for I&E and financing terms.
Sale Statistics
Sale Overview
Original List Price:
$1,300,000
Final Sale Price:
$1,000,000
Difference:
$300,000 (-23.1%)
Performance Metrics
76.9%
List to Sale Ratio
Sold below asking price
34
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft:
$289
Sale $/sq ft:
$222
This property sold for $222 per square foot
Sale Summary
This property sold for 23.1% below the original asking price.
The property spent 34 days on market before selling.
Facts & Features
Property Overview
Property Type
5+ Family - Rooming House
Property Category
Residential Income
Year Built
1900
Bedrooms
21
Full Bathrooms
2
Living Area
4,500 sq ft
Total Rooms
15
Stories
3
Levels
3
Interior Features
Has Fireplace
No
Exterior & Structure
Foundation
Concrete Perimeter
Has Spa
No
Waterfront Property
No
Lot & Land
Lot Size
0.12 acres
Lot Size
5,085 sq ft
Lot Size Area
0.1200
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
3
Parking Features
Paved Drive
Utilities & Systems
Water Source
Public
Sewer
Public Sewer
Community & HOA
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$10,138
Tax Year
2922
Tax Assessed Value
$909,200
Parcel Number
2004046
Zoning
R2
Additional Details
Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
Property to be sold as is as shown. Buyer responsible for all due diligence and inspections.
Location
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Neighborhood
188 Washington Street, Lynn MA 01902
Lynn, MA 01902
Walkability
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Schools
School information not available
Monthly Payment Calculator
%
%
Estimated Monthly Payment
$0
Payment Breakdown
Principal & Interest
$0
Property Tax
$845
Homeowners Insurance
$200
PMI
$0
Property History
Market Insights
23.1%
Price Range
35
Total Days on Market
Property Timeline
Sold
Feb 20, 2024
$1,000,000
Property sold
Days on Market: 35
Listed for Sale
Oct 30, 2023
$1,300,000
Original listing
Agent: Raymond R. Clements
Office: Investment Property Advisors
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 02/20/2024 | ✓ Sold | $1,000,000 | - | - | Property sold |
| 10/30/2023 | 🏠 Listed for Sale | $1,300,000 | - | - | Original listing |