BMN Boston

Get our mobile app!

Download on the App Store

11 Fernwood Ave, Lynn MA 01904

Lynn, MA 01904
$900,000
6
Beds
3
Baths
2,619
Sq Ft
$344
Price/Sq Ft
0.13
Acres
1920
Year Built
10
Parking
47
Days on Market
Closed Listed Jul 22, 2024 • MLS# 73267722 Copied! • Updated Nov 1, 2024

Sale Statistics

Sale Overview
Original List Price: $949,000
Final Sale Price: $900,000
Difference: $49,000 (-5.2%)
Performance Metrics
94.8%
List to Sale Ratio
Sold below asking price
47
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $362
Sale $/sq ft: $344
This property sold for $344 per square foot
Sale Summary

This property sold for 5.2% below the original asking price.

The property spent 47 days on market before selling.

About this home

3 FAMILY INVESTMENT PROPERTY IS READY FOR THE NEW OWNER! LOCATION! LOCATION! LOCATION! Welcome to your next investment opportunity nestled near the lake! Nicely maintained 3-family home offers exceptional features perfect for both investors and owner-occupants alike. Each unit boasts 2 bedrooms and in-unit laundry, ensuring convenience and comfort for tenants.Whether you're expanding your investment portfolio or seeking a charming home with income potential, this property offers great possibilities. Don't miss out on this rare opportunity to own a prime location real estate!

View in the App

Save this property, schedule tours instantly, and get alerts when the price drops

Scan to download BMN Boston app Scan with phone
Get the full experience in the BMN Boston app

BMN Estimate

Get the number an algorithm can't give you

A free agent CMA factors in condition, upgrades, and the street — the things comps alone can't see.

Recently Sold Nearby

Property History

Market Insights

24.7%
Price Range
49
Total Days on Market
1
Previous Sales

Property Timeline

Sold
Oct 31, 2024
$900,000
Property sold
Days on Market: 49
🏠
Listed for Sale
Jul 22, 2024
$949,000
Original listing
Agent: Suad Kantarevic Office: Agape Realty Partners, LLC
Previous Transaction - MLS #72713985
Full transaction history available when tracking began
🏷️
Previously Sold
Nov 12, 2020
$714,900
MLS #72713985

Tax History

Year Taxes Assessment
2024 $7,830 $743,600

Financial Details

Annual Property Tax
$7,830
Tax Year 2024
Assessed Value
$743,600

Facts & Features

Home Facts

Type Residential Income
Style 3 Family - 3 Units Up/Down
Year Built 1920
Living Area 2,619 sq ft
Lot Size 0.13 acres
Bedrooms 6
Full Baths 3
Total Rooms 12

Investment Metrics

Units 3
Unit 1 Rent $2,000/mo · Y
Unit 2 Rent $2,000/mo · N
Unit 3 Rent $2,000/mo · Y
Total Monthly Rent $6,000/mo
Gross Income $72,000
Net Operating Income $72,000
Cap Rate 7.59%
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement Full
Laundry None
Features None
Construction Frame
Architecture None
Roof Shingle
Features None
Pool None
Spa None
Fencing None
Patio/Porch Porch, Deck
Features Paved Drive, Off Street
Total Spaces 10
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $7,830
Assessed Value $743,600
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures None
Exclusions Tenant Personal Belongings
Possession None
Accepted Financing None
Structure Type []
Sq Ft Source Public Record
Documents None
County Essex
Total market time (incl. prior listings) 49 days

Property Overview

Property Type
3 Family - 3 Units Up/Down
Listing Type
For Sale
Year Built
1920
Bedrooms
6
Full Bathrooms
3
Living Area
2,619 sq ft
Total Rooms
12
Stories
3
Levels
3

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement: Full
Laundry:
Security:

Construction & Materials

Year Built: 1920
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Stone
Stories: 3

Heating, Cooling & Utilities

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

Exterior & Lot

Exterior Features:
Patio & Porch: Porch, Deck
Fencing:
Other Structures:
Lot Features: Gentle Sloping
Road Surface:

Parking & Garage

Total Parking Spaces: 10
Parking Features: Paved Drive, Off Street
School District
Lynn School District local
D
School Safety 2024-25
3.5% Above Average
3.0% Suspensions 0.3% In-School 0.1% Expulsions 0.4% Emergency
2.0% below state avg
E

Elementary Schools

10 schools
St. Pius V Elementary School
0.4 mi
Grades PK-08
North Shore Christian School
0.4 mi
Grades PK-08
The Hathaway School
1.2 mi
Grades PK-08
B-
KIPP Academy Lynn Charter School
1.2 mi | #197 of 346 | Score: 51.6
Improved 64 spots from last year
-6.6 below state avg
1,637 students Moderate
High Graduation Rate Rising School College Ready Curriculum
Grades K-12
TEAMS Academy at Virginia Barton Center
1.3 mi
Grades PK-12
C-
Lynn Vocational Technical Institute
1.8 mi | #284 of 346 | Score: 42.8
Improved 50 spots from last year
-15.5 below state avg
1,584 students Moderate
Early College Program Rising School Career Tech Programs
Grades PK-12
Sacred Heart Elementary School
1.9 mi
Grades PK-08
C+
Edward A Sisson School
0.6 mi | #565 of 824 | Score: 42.4
Improved 153 spots from last year
-15.8 below state avg
449 students Diverse
Rising School Diverse Student Body
Grades PK-05
C
Hood School
0.6 mi | #617 of 824 | Score: 39.9
Improved 28 spots from last year
-18.3 below state avg
541 students Moderate
Rising School
Grades PK-05
A-
Aborn School
0.8 mi | #226 of 824 | Score: 53.5
Improved 252 spots from last year
-4.7 below state avg
224 students Diverse
Rising School Diverse Student Body
Grades K-05
M

Middle Schools

2 schools
C+
Pickering Middle School
0.6 mi | #226 of 352 | Score: 38.6
Improved 81 spots from last year
-19.6 below state avg
583 students Diverse
Rising School
Grades 06-08
C-
Thurgood Marshall Middle School
1.3 mi | #311 of 352 | Score: 30.5
Improved 40 spots from last year
-27.7 below state avg
1,310 students Moderate
Rising School
Grades 06-08
H

High Schools

6 schools
City Arts & Sciences Academy at Fecteau-Leary
1.5 mi
Grades 06-12
St. Mary's High School
1.6 mi
Grades 07-12
B
Fredrick Douglass Collegiate Academy
1.7 mi | #12 of 25 | Score: 33.4
Improved 330 spots from last year
-24.8 below state avg
235 students Moderate
Early College Program Rising School
Grades 06-12
D
Lynn English High School
0.6 mi | #318 of 346 | Score: 33.5
Improved 37 spots from last year
-24.8 below state avg
2,062 students Moderate
18 sports • 1,425 athletes
Early College Program Rising School Career Tech Programs Strong Athletics
Grades 09-12
B-
Harold Durgin Success Academy
1.5 mi | #16 of 25 | Score: 30.4
Improved 329 spots from last year
-27.8 below state avg
94 students Diverse
Rising School Career Tech Programs
Grades 09-12
C-
Classical High School
2.4 mi | #302 of 346 | Score: 37.9
Improved 51 spots from last year
-20.3 below state avg
1,795 students Moderate
Early College Program Rising School Career Tech Programs
Grades 09-12
Learn about these ratings

Location

Loading map...

Neighborhood

11 Fernwood Ave, Lynn MA 01904

Lynn, MA 01904

Listing Information

Agent MLS ID C0001541
Office MLS ID AN6047
Listing Data Updated Nov 1, 2024 11:44 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Contact Us

BMN Boston Real Estate
BMN Boston Real Estate
Douglas Elliman
Ask about this property — free, no obligation.

Similar Homes for Sale

Comparable Properties

Customize Comparable Search

Finding comparable properties...

Market Analytics for Lynn, MA

Real-time market trends and pricing data for this area

11 Fernwood Ave, Lynn MA 01904 - Photo 1 11 Fernwood Ave, Lynn MA 01904 - Photo 2 11 Fernwood Ave, Lynn MA 01904 - Photo 3 11 Fernwood Ave, Lynn MA 01904 - Photo 4
BMN Boston Real Estate

BMN Boston Real Estate

Douglas Elliman

Your message will be sent to BMN Boston Real Estate.

Schedule a Tour