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5 Seaside Terrace

5 Seaside Terrace, Lynn, MA 01902
Property in Lynn
Local assessors in Lynn, MA have categorized 5 Seaside Terrace as a residential type of property. The home was built in 1870 and is 154 years old. It was most recently renovated and altered in 1963. The property's lot size has been calculated to be 3,431 square feet. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a triplex style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 15 rooms in the home. Of these, 5 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. This is a 3 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 5 Seaside Terrace has a total of 3,026 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with frame control joints. The building has a gable style roof that was made of asphalt. Lots of alum/vinyl siding were used in the construction of the exterior walls of the home. The home's a steam heating system is the primary heating source and it is being fueled with oil. The property was last sold in Oct 7, 2021 for $810,000. That's $267.68 per sqft. Prior to that sales transaction, the property was also sold in Jan 1, 1970 for $200,000. 5 Seaside Terrace was last assessed in 2024. The total value of the property was assessed at $868,800. Specifically, the land the property is located on was valued at $209,900. While improvements on the property were assessed at a total of $658,900. 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 $9,148. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home. 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

Waterfront

Beach Front
Access to Beach
Oceanfront

HVAC

Unit 1: Window Unit

Parking

On-Street Parking

Location

Near Public Transit

Condition

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

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20210715
07/15/2021
7 Bed
3 Bath
-
$839,900
bedrooms
7 Bed
bathrooms
3 Bath
$810,000 -3.56%
10/08/2021
DiVirgilio Homes
Red Tree Real Estate

Building Info

Overview

    General

  • Year Built: 1870
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 15
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Good
  • Construction Type: Frame
  • Building Style: Triplex
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 3
  • Living Units: 3
  • Basement Type: Unfinished basement
  • Basement Area: 1,191
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 3,431
  • Total Building Area: 3,026
  • Gross Building Area: 4,885
  • Building Area: 3,026
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Steam
  • Heated Square Feet: 3,026
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.079
  • Standard Land Use Code: Triplex (3 units, any combination)

Ownership

  • Current Owner : GRAHAM MICHAEL J
  • Previous Owner : SEASIDE LLC
  • Owner Before Previous Owner: SCHIRALDI MARIE ELENA
  • Owner Before Previous Owner 2: ROITER BENJAMIN
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Lynn School District
  • School Tax School District: LYNN SD
  • Census Tract: 206600

Zoning

  • Zoning: R4

Geography

  • Parcel: LYNN M:102 B:552 L:005
  • Block: 552
  • Lot: 5
  • Municipality: LYNN
  • Latitude: 42.4674
  • Longitude: -70.9239

    Address

  • Full Address: 5 Seaside Ter
  • Address - House Number: 5
  • Address - Street Name: Seaside
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Lynn
  • Carrier Code: C028
  • 4-Digit Zip Code: 2067
  • Zip Code: 01902

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $9,148

    Appraisal Valuation

  • Standard Deviation: 0.2252
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 68
  • Final Value: 851,531
  • High Value: 1,043,311
  • Low Value: 659,751

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $607,500
  • First Open Lien Mortgage Lender: CROSSCOUNTRY MORTGAGE INC
  • First Open Lien Mortgage Recording Date: Oct 08, 2021
  • First Open Lien Mortgage Loan Amount: $607,500
  • 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: Oct 08, 2051

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $868,800
  • Assessed Land Value: $209,900
  • Assessed Improvements Value: $658,900

    Sales

  • Current Sale Contract Date: Oct 07, 2021
  • Current Sale Recording Date: Oct 08, 2021
  • Current Sale Transaction ID: 11859502092
  • Current Sale Price: $810,000
  • Current Sale Document Type: Quit Claim Deed (arm's length)
  • Current Sale Input Document Number: 20211008002440
  • Previous Sale Recording Date: Jan 12, 2005
  • Previous Sale Amount: $200,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: CROSSCOUNTRY MORTGAGE INC
  • First Mortgage Transaction Date: Oct 08, 2021
  • First Mortgage Loan Amount: $607,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: SAUL GILBERG
  • Previous Mortgage Transaction Date: Jan 12, 2005
  • Previous Mortgage Loan Amount: $180,000
  • Previous Mortgage Loan Type: Purchase Money Mortgage

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Frequently Asked Questions

What neighborhood is 5 Seaside Terrace located in?
The 5 Seaside Terrace is a located in the neighborhood of Lynn in Lynn, Lynn.
What is the average sales price for listings in 5 Seaside Terrace?
The average sales price for units in 5 Seaside Terrace is $839,900 currently.

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