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584 Summer Street

584 Summer Street, Lynn, MA 01905
Property in Lynn
Sold Feb 26, 2021
$650,000
$638,226 by Newrez Llc
Mortgage Due Feb 26, 2051
Sold Nov 17, 2003
$405,000
$398,742 by Gmac Mtg Co Of Pa
Mortgage
Local assessors in Lynn, MA have categorized 584 Summer Street as a residential type of property. The home was built in 1905 and is 119 years old. It was most recently renovated and altered in 1965. The property's lot size has been calculated to be 2,720 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 12 rooms in the home. Of these, 6 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 4 full bathrooms. There are also 4 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 584 Summer Street has a total of 2,601 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 flat 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 gas. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 584 Summer Street was last sold in Feb 26, 2021 for $650,000. According to our calculations, that's $249.90 per sqft. Prior to that sales transaction, the property was sold for $405,000 in Jan 1, 1970. Current property owners are expected to pay $7,816 in taxes per year. The property on 584 Summer Street was last assessed in 2024. As a result of that assessment, the total value of the property was placed at $742,300. To break that down further, the land itself was valued at $175,900. While improvements to the property were assessed at a total of $566,400. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Waterfront

Beach Front

Parking

Off Street Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1905
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: Good
  • Construction Type: Frame
  • Building Style: Triplex
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Flat
  • Roof Cover Type: Asphalt
  • Floor Count: 3
  • Living Units: 3
  • Basement Type: Unfinished basement
  • Basement Area: 867
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 2,720
  • Total Building Area: 2,601
  • Gross Building Area: 3,999
  • Building Area: 2,601
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: Steam
  • Heated Square Feet: 2,601
  • Heating Fuel Type: Gas

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.062
  • Standard Land Use Code: Triplex (3 units, any combination)

Ownership

  • Current Owner : MARTINEZ WILLIAM O
  • Previous Owner : BARRIENTOS LUIS A
  • Previous Owner 2: DIAZ CARMEN
  • Owner Before Previous Owner: LAZAROU JOHN G
  • Owner Before Previous Owner 2: LAZAROU KONSTANTINOS G
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Lynn School District
  • School Tax School District: LYNN SD
  • Census Tract: 205800

Zoning

  • Zoning: BD

Geography

  • Parcel: LYNN M:020 B:297 L:003
  • Block: 297
  • Lot: 3
  • Municipality: LYNN
  • Latitude: 42.4581
  • Longitude: -70.9715

    Address

  • Full Address: 584 Summer St
  • Address - House Number: 584
  • Address - Street Name: Summer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lynn
  • Carrier Code: C012
  • 4-Digit Zip Code: 3314
  • Zip Code: 01905

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $7,816

    Appraisal Valuation

  • Standard Deviation: 0.1781
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 68
  • Final Value: 746,497
  • High Value: 914,739
  • Low Value: 578,256

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $638,226
  • First Open Lien Mortgage Lender: NEWREZ LLC
  • First Open Lien Mortgage Recording Date: Feb 26, 2021
  • First Open Lien Mortgage Loan Amount: $638,226
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Feb 26, 2051

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $742,300
  • Assessed Land Value: $175,900
  • Assessed Improvements Value: $566,400

    Sales

  • Current Sale Contract Date: Feb 26, 2021
  • Current Sale Recording Date: Feb 26, 2021
  • Current Sale Transaction ID: 11823123183
  • Current Sale Price: $650,000
  • Current Sale Document Type: Quit Claim Deed (arm's length)
  • Current Sale Input Document Number: 20210226004290
  • Previous Sale Recording Date: Nov 17, 2003
  • Previous Sale Amount: $405,000
  • Previous Sale Document Type: Deed

    Last Sale Mortgage

  • First Mortgage Lender: NEWREZ LLC
  • First Mortgage Transaction Date: Feb 26, 2021
  • First Mortgage Loan Amount: $638,226
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA

    Previous Mortgages

  • Previous Mortgage Lender: GMAC MTG CO OF PA
  • Previous Mortgage Transaction Date: Nov 17, 2003
  • Previous Mortgage Loan Amount: $398,742
  • Previous Mortgage Loan Type: Purchase Money Mortgage

About Lynn



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Frequently Asked Questions

What neighborhood is 584 Summer Street located in?
The 584 Summer Street is a located in the neighborhood of Lynn in Lynn, Lynn.
What is the average sales price for listings in 584 Summer Street?
The average sales price for units in 584 Summer Street is $0 currently.

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