228-244 Washington St, Lynn MA 01902
Lynn, MA 01902
$1,820,000
Est. $9,687/month
About this home
MIXED USE PROPERTY !! CONSISTS OF FIVE FAMILY BUILDING UNATACHED TO FOUR COMMERCIAL STORES NINE UNITS TOTAL.. PARKING IN REAR FOR TENANTS AND STORES. SUBSTANTIAL AMOUNT OF NEW DEVELOPEMENT ENHANCING THE AREA .. RESIDENTIAL UNITS INCLUDE 3-1BRS 1-3BR .. STORES ARE ALL LEASED AND IN GREAT LOCATION FOR BUSINESS..
Sale Statistics
Sale Overview
Original List Price:
$1,950,000
Final Sale Price:
$1,820,000
Difference:
$130,000 (-6.7%)
Performance Metrics
93.3%
List to Sale Ratio
Sold below asking price
101
Days on Market
Extended listing
Sale Summary
This property sold for 6.7% below the original asking price.
At 101 days on market, this property took longer than average to sell.
Facts & Features
Property Overview
Property Type
5-9 Family
Property Category
Residential Income
Year Built
1923
Bedrooms
7
Full Bathrooms
5
Living Area
0 sq ft
Total Rooms
17
Stories
5
Levels
5
Interior Features
Has Fireplace
No
Basement Details
Full
Exterior & Structure
Foundation
Concrete Perimeter
Has Spa
No
Waterfront Features
Ocean, Unknown To Beach
Waterfront Property
No
Lot & Land
Lot Size
0.28 acres
Lot Size
12,185 sq ft
Lot Size Area
0.2800
Lot Features
Corner Lot
Road Frontage Type
Public
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
19
Parking Features
Paved Drive, Off Street, Assigned
Utilities & Systems
Water Source
Public
Sewer
Public Sewer
Community & HOA
Community Features
Public Transportation, Shopping, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Public School
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$13,450
Tax Year
2024
Tax Assessed Value
$1,277,300
Parcel Number
M:069 B:657 L:018,2004042
Zoning
R5
Additional Details
Year Built Source
Public Records
Year Built Details
Approximate
Disclosures
all information to be verified by buyer or buyers agent .. The property address listed reflects 4 commercial units being sold along with a five unit residential building not attached..Income for 4 stores $7, 350.00 mo
Location
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Neighborhood
228-244 Washington St, 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
$1,121
Homeowners Insurance
$200
PMI
$0
Property History
Market Insights
6.7%
Price Range
102
Total Days on Market
Property Timeline
Sold
Dec 27, 2024
$1,820,000
Property sold
Days on Market: 102
Listed for Sale
May 12, 2024
$1,950,000
Original listing
Agent: Diane Cambria
Office: Century 21 North East
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 12/27/2024 | ✓ Sold | $1,820,000 | - | - | Property sold |
| 05/12/2024 | 🏠 Listed for Sale | $1,950,000 | - | - | Original listing |