Welcome to 450 Essex! with imposing architectural presence, this rare 2 family brick building offers almost 3000sf of living space through 3 levels with ample space (2 or 3 units), huge rooms! Full basement, 4 OFF STREET parking spaces, 2 updated kitchens and 3 bathrooms, newer floors, a 4 year old roof and a massive BRAND NEW three story deck in the back to enjoy the upcoming spring and summer! This property also offers the possibility for smart equity building; the city has determined that "use as a three family is allowed as a matter of right" for this property (Zoning Determination letter is attached to the listing.) This is a smart investment for home owners and investors alike. Property will be delivered vacant. Location ideal for cpmmuters; near Lynn Commurter rail 8 minute walk to Ellis St. Near shops and Beach.
Laundry Remarks:
Electric Dryer Hookup, Washer Hookup
Basement:
Full, Walk-Out Access, Unfinished
Parking:
5-car, Off Street
Construction
Brick, Stone
Utilities
for Gas Range, for Electric Range, for Electric Dryer, Washer Hookup, Varies per Unit
Lot Description:
Easements
450 Essex St, Lynn, MA, 01902
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
