119 Essex Street

Lynn, MA 01902

$1,499,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Builders/Developers/RE Portfolio Mgrs... Fully permitted "shovel ready" Age-Restricted development opportunity with permits in place. Take advantage of existing building permits and rights to build 24 Apartments consisting of 4 Studios and 20 1BR apartments. Once stabilized, the bldg will produce a steady income, low turnover and a valuable addition to your portfolio—initial occupancy rents on file for serious inquiries. Get in now to secure the opportunity to "build new." This development satisfies...Builders/Developers/RE Portfolio Mgrs... Fully permitted "shovel ready" Age-Restricted development opportunity with permits in place. Take advantage of existing building permits and rights to build 24 Apartments consisting of 4 Studios and 20 1BR apartments. Once stabilized, the bldg will produce a steady income, low turnover and a valuable addition to your portfolio—initial occupancy rents on file for serious inquiries. Get in now to secure the opportunity to "build new." This development satisfies Lynn's Inclusionary zoning requirements.
  1. Listed by Lou Markakis • Lynnway Associates
  2. Listed by Rosa DeCastro • Lynnway Associates
  3. Listed by Bernardo Sepulveda • Lynnway Associates

Property Details for 119 Essex Street

Town
Lynn
Area
MA-Lynn

Location

Listing Courtesy of Lynnway Associates, Lou Markakis; Lynnway Associates, Rosa DeCastro; Lynnway Associates, Bernardo Sepulveda
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LISTING UPDATED: 04/27/2024 10:31 AM

Property Details for 119 Essex Street

StatusPrice Changed
MLS #73210571
Days on Market49
Taxes$2,464 / year
HOA Fees-
Compass TypeOther
MLS TypeLand / Commercial
Year Built-
CountyEssex County

Location

Listing Courtesy of Lynnway Associates, Lou Markakis; Lynnway Associates, Rosa DeCastro; Lynnway Associates, Bernardo Sepulveda
Add your commute

Building Information for 119 Essex Street

Stories-Residences-Year Built-Lot Size0.15 AC / 6,454 SF

Payment Calculator

$8,386 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,181

Property Taxes

$205

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 119 Essex Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School, T-Station, Sidewalks
  • Waterfront: No
  • Water View: No
Location/School
  • Grade School: Ingalls
  • High School: English-Stmarys
  • Middle School: T. Marshall
Features
Interior Features
  • Bathrooms Total Integer: 0
Exterior Features
  • Improvements: Rough Grade
  • Exterior Features: Fenced Yard
  • Fencing: Fenced/Enclosed, Fenced
  • Lot Description: Level, Corner Lot, Cleared, Curbs & Gutters, Sidewalks, Lot Staked
  • Waterfront Features: Beach Front, Ocean, Walk to, 1 to 2 Mile To Beach, Beach Ownership(Public)
Utilities
  • Electric: At Street
  • Gas: At Street
  • Sewage District: LWSC
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Num Of Lots: 1
  • Documents Available: Legal Description, 21E Certificate, Subdivision Approval, Building Permit, Land Survey, Restrictive Covenants, Recorded Plat, Blueprints, Drawings
  • Documents Count: 9
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Road Frontage Type: Public, City Street
  • Road Responsibility: Public Maintained Road
Tax Information
  • Additional Parcels: No
  • Tax ID: M:095 B:481 L:029,1998993
  • Assessments: $234,000
  • Block: 481
  • Book: 0
  • Lot: 029
  • Map: 095
  • Tax Year: 2024
  • Zoning: BD
Building / Association Information
Other Building Characteristics
  • Frontage: 70.00
Complex & Association Information
  • Adult Community: Yes
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2.0
  • Other Agent Compensation: 1.0

Property History for 119 Essex Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 119 Essex Street

Taxable ValueLand$234,000Additions-Total$234,000
Tax Record2024$2,464 ($205 / month)
Home Facts
Beds0Total Finished SqFt3,520 SqFtAbove Grade Finished SqFt3,520 SqFtStories2Lot Size6,454 SqFtStyleResidentialYear Built1940ZoningBDCountyESSEXAPNLYNN M:095 B:481 L:029

Schools near 119 Essex Street

This home is within Lynn School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - 6 to 8
Public - 6 to 12
Rating
School
Distance
William R Fallon
PublicK to 5

Ingalls Elementary School
PublicK to 5

Thurgood Marshall Middle School
Public6 to 8

Fecteau-Leary Junior/Senior High School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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119 Essex Street is for sale in Lynn, MA 01902. This property was listed for sale on March 9, 2024 by Lynnway Associates, it's currently listed at $1,499,000. This listing's school district is Lynn School District. Nearby schools include William R Fallon, Ingalls Elementary School and Thurgood Marshall Middle School. 119 Essex Street is a 0-bed, 0-bath, .

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Lynnway Associates, Lou Markakis; Lynnway Associates, Rosa DeCastro; Lynnway Associates, Bernardo Sepulveda

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.