19 days on rocket

44 Essex St, Lynn, MA, 01902

$1,700,000

Home List Price

$10,000*

Closing Credit

9 Bedrooms
4 Full Baths
4,131 SqFt
$412/SqFt
Multi
Schools Nearby

Location

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44 Essex St, Lynn$1,700,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
Year Built1890
MLS #73222386
Lot Size0.11 Acres
StatusActive

About 44 Essex St

MASH-certified apartment building on the Lynn/Swampscott line, providing beds for 17 clients plus a live-in manager. Each floor is self-contained with a private kitchen, living room, den, and bathroom. First floor 6 rooms / 2 bedrooms, second floor 6 rooms / 3 bedrooms, third floor 6 rooms / 4 bedrooms. All bedrooms are double occupancy and 100% occupied at $795 monthly rent per bed. Conveniently located on a bus line with shops across the street. Upgraded heating and hot water systems installed within the last two years. The roof is less than 10 years old. Turnkey opportunity. Off-street parking, fenced-in backyard, rear decks off of each floor. Quiet family neighborhood. The property is in very good shape with nothing left to do. Cap Rate 8.24%, Cash On Cash Return 12.4%. Owner financing provided.

Property Details

Property Features

Property Information:

  • Year Built: 1890
  • Living Area: 4,131 SqFt

Listing Office:

  • Office Name: Investment Property Advisors
  • Listing Agent: Raymond Clements

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 9

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.11 Acres

School Info

Assigned Schools Information:

  • Fecteau-Leary Junior/Senior High School, Public District Grades 7-12
  • Thurgood Marshall Middle School, Public District Grades 6-8
  • Ingalls, Public District Grades PK-5

Other

Directions Information:

  • Directions: gps

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,700,000
  • Price Per SqFt: $412/SqFt

Agent Commission:

  • Buyer's Agent Commission: 1.5

Tax Information:

  • Annual Amount: $8,152
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Lynn, MA.

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Lynn, MA

City

Med. Sold Price

$550K

Med. Price/SqFt

$347

Avg. Days On Market

34

# of Sold Homes

34

44 Essex St vs Lynn

19 DAYS ON ROCKET

-15 Days

$1,700,000

+$1.1M More

$412/SqFt

+$65 More

KEY TAKEAWAY

This property is $1.1M more than the Median Sold Price and $65/SqFt more than other homes in Lynn, MA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MLS Property Information Network
  • MLS Number: #73222386

Listing Office:

  • Office Name: Investment Property Advisors
  • Listing Agent: Raymond Clements

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 4/29/2024, 2:25:16 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$8,152$625,600
2020$7,860$586,600
2019$6,981$488,200
2018$6,768$446,700
2017$6,182$396,300

History based on county public records data.

Payment Calculator

$8,552

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$5,163

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-3164474
3
/10

  • Ingalls

  • 1 Collins Street Ter

  • 0.47 miles

  • Public District Grades PK-5

Middle School

school-card-donut-3164475
4
/10

  • Thurgood Marshall Middle School

  • 19 Porter St

  • 0.26 miles

  • Public District Grades 6-8

High School

school-card-donut-3164476
1
/10

  • Fecteau-Leary Junior/Senior High School

  • 33 N Common St

  • 1.53 miles

  • Public District Grades 7-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $43,000. The majority of Lynn, MA residents have income less than $35k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Massachusetts›Essex County›Lynn›01902›44 Essex St

This home is located at 44 Essex St in Lynn, MA and zip code 01902. This 4,131 square foot home, which was built in 1890, sits on a 0.11 acre lot. Features: 9 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 10, 2024 and is currently priced at $1,700,000.

Over 23 listings were sold over their listed price in March 2024 in Lynn, MA. In the same period over 9 listings were sold below the listed price and 2 listings were sold for the listed price. Between February 2024 and March 2024, Lynn, MA real estate market has seen increase in the number of listings by 10.6%. While the average time on the market in March 2024 was 34 days, the median list price was $550,000.

From Rocket Homes Real Estate and based on county public records data.

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