new - 7 days on rocket

54 Rockaway Pl, Lynn, MA, 01902

$699,900

Home List Price

$8,311*

Closing Credit

4 Bedrooms
2 Full Baths
1,440 SqFt
$486/SqFt
Multi

Location

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54 Rockaway Pl, Lynn$699,900

Buyer Closing Credits

$8,311*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingPaved Drive, Off Street
Year Built1900
HeatingBaseboard, Natural Gas, Ductless
CoolingDuctless
BasementYes
WaterfrontBeach, Ocean Front
MLS #73321833
Lot Size0.11 Acres
StatusActive

About 54 Rockaway Pl

Wonderful opportunity to own a two-family home in Lynn; perfect for owner occupancy or investment! Cap Rate 7.04%, see attached Proforma. Extensively renovated with a new second-floor kitchen in 2018, a four-year-old roof, a Trex deck in front, a newer ductless mini split on the second floor, and gas heat with separate meters. Hardwood floors throughout. Park, restaurants, and shopping nearby. Easy highway access. Just 1 mile to the beach, and a 15-minute walk to the nearest T station to be built soon. Included in the sale is a 9.5 foot wide piece of land parallel to the street which provides parking for up to 9 cars. Don't miss it! OFFER DEADLINE Tuesday 1/7 at 4 pm. Please allow 24 hours for review.

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Living Area: 1,440 SqFt

Listing Office:

  • Office Name: LAER Realty Partners
  • Office Phone: (978) 251-8221
  • Listing Agent: Paul Brouillette

Interior Features

Interior Information:

  • Appliances: Washer, Range, Refrigerator
  • Basement: Yes
  • Interior: Living Room, Kitchen

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Waterfront: Beach, Ocean Front

Parking Information:

  • Parking: Paved Drive, Off Street

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Natural Gas, Ductless
  • Cooling: Ductless

Other

Directions Information:

  • Directions: Rte 107/Broadway to Summer St to Liberty/Essex St to left on Rockaway St left on Rockaway Place

Price Information

Listing Price Info

Price Summary:

  • List Price: $699,900
  • Price Per SqFt: $486/SqFt
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Housing Market Comparison

See how this home compares to others in Lynn, MA.

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Lynn, MA

City

Med. Sold Price

$575K

Med. Price/SqFt

$367

Avg. Days On Market

38

# of Sold Homes

54

54 Rockaway Pl vs Lynn

7 DAYS ON ROCKET

-31 Days

$699,900

+$124.9K More

$486/SqFt

+$119 More

KEY TAKEAWAY

This property is $124.9K more than the Median Sold Price and $119/SqFt more than other homes in Lynn, MA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MLS Property Information Network
  • MLS Number: #73321833

Listing Office:

  • Office Name: LAER Realty Partners
  • Office Phone: (978) 251-8221
  • Listing Agent: Paul Brouillette

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information 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. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/6/2025, 10:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

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Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,165

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-752282
3
/10

  • Robert L Ford

  • 49 Hollingsworth St

  • 0.17 miles

  • Public District Grades 1-5

school-card-donut-752283
3
/10

  • E J Harrington

  • 21 Dexter St

  • 0.43 miles

  • Public District Grades PK-5

school-card-donut-752284
3
/10

  • Ingalls

  • 1 Collins Street Ter

  • 0.47 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $38,165. Residents of Lynn, MA typically earn between $35k-100k each year. Most families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Massachusetts›Essex County›Lynn›01902›54 Rockaway Pl

This home is located at 54 Rockaway Pl in Lynn, MA and zip code 01902. This 1,440 square foot home, which was built in 1900, sits on a 0.11 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 30, 2024 and is currently priced at $699,900.

While more than 30 listings in Lynn, MA in December 2024 were sold above asking price, there were more than 2 listings sold at asking price, and more than 22 were sold below. In December 2024 in Lynn, MA there were 15.7% less homes for sale than in November 2024. Listings spent 38 days on the market in December 2024, and had a median list price of $575,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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