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261 Parkland Avenue

261 Parkland Avenue, Lynn, MA 01905
Property in Lynn
Sold May 02, 2022
$480,000
$432,000 by Guaranteed Rate Inc
Mortgage Due May 02, 2052
Sold Jul 14, 2000
$175,500
$140,000 by Eastern Bank
Mortgage
261 Parkland Avenue in Lynn, MA was first built in 1951 and is 73 years old. Although, the building on the property was most recently renovated and altered in 1971. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a ranch/rambler style. It is a single story home. There are a total of 5 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 261 Parkland Avenue has 992 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 4,038 square feet.

Learn more about the property and building on this page. The home has a gable style roof made of asphalt. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with frame control joints. The condition of the building has been evaluated as average. The exterior walls of the home are made of alum/vinyl siding. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a hot water heating system and being fueled with oil. The property was last sold in May 2, 2022 for $480,000. That's $483.87 per sqft. Prior to that sales transaction, the property was also sold in Jan 1, 1970 for $175,500. 261 Parkland Avenue was last assessed in 2024. The total value of the property was assessed at $461,400. Specifically, the land the property is located on was valued at $175,000. While improvements on the property were assessed at a total of $286,400. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $4,859. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

Building Features

Parking

Attached Garage
Off Street Parking

Condition

Level Lot
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Construction Type: Frame
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Unfinished basement
  • Basement Area: 960
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 4,038
  • Total Building Area: 992
  • Gross Building Area: 2,394
  • Building Area: 992
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Hot water
  • Heated Square Feet: 992
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ONE GREEN STREET
  • Land Acres: 0.093
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : BALLOWE CLAYTON E
  • Current Owner 2: SINGH SHAMBHAVI
  • Previous Owner : JENKINS LUCY
  • Owner Before Previous Owner: MCCARTHY JOHN J
  • Owner Before Previous Owner 2: MCCARTHY MARIE T
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lynn School District
  • School Tax School District: LYNN SD
  • Census Tract: 205300

Zoning

  • Zoning: R2

Geography

  • Parcel: LYNN M:057 B:186 L:010
  • Block: 186
  • Lot: 10
  • Municipality: LYNN
  • Latitude: 42.4794
  • Longitude: -70.9695

    Address

  • Full Address: 261 Parkland Ave
  • Address - House Number: 261
  • Address - Street Name: Parkland
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lynn
  • Carrier Code: C011
  • 4-Digit Zip Code: 1225
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $4,859

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 76
  • Final Value: 514,620
  • High Value: 608,991
  • Low Value: 420,249

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $432,000
  • First Open Lien Mortgage Lender: GUARANTEED RATE INC
  • First Open Lien Mortgage Recording Date: May 02, 2022
  • First Open Lien Mortgage Loan Amount: $432,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: May 02, 2052

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $461,400
  • Assessed Land Value: $175,000
  • Assessed Improvements Value: $286,400

    Sales

  • Current Sale Contract Date: May 02, 2022
  • Current Sale Recording Date: May 02, 2022
  • Current Sale Transaction ID: 11887403144
  • Current Sale Price: $480,000
  • Current Sale Document Type: Quit Claim Deed (arm's length)
  • Current Sale Input Document Number: 20220502002140
  • Previous Sale Recording Date: Jul 14, 2000
  • Previous Sale Amount: $175,500
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: GUARANTEED RATE INC
  • First Mortgage Transaction Date: May 02, 2022
  • First Mortgage Loan Amount: $432,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: EASTERN BANK
  • Previous Mortgage Transaction Date: Jul 14, 2000
  • Previous Mortgage Loan Amount: $140,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Purchase Money Mortgage

About Lynn



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Frequently Asked Questions

What neighborhood is 261 Parkland Avenue located in?
The 261 Parkland Avenue is a located in the neighborhood of Lynn in Lynn, Lynn.
What is the average sales price for listings in 261 Parkland Avenue?
The average sales price for units in 261 Parkland Avenue is $0 currently.

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