Seller's Agent in 2024
The Movement Group
Compass
(781) 854-1624
1 in this area
346 Total Sales
16 Hanover St Lynn, MA 01902
Central Lynn NeighborhoodEstimated Value: $904,207 - $984,000
8
Beds
3
Baths
3,678
Sq Ft
$256/Sq Ft
Est. Value
Highlights
- Marina
- Community Stables
- 0.22 Acre Lot
- Golf Course Community
- Medical Services
- Property is near public transit
About This Home
As of August 2024Welcome to this spacious 2-family home featuring an additional studio with a full bath, perfect for generating extra income or hosting guests. The first floor offers 2 bedrooms and 1 bath, while the second floor includes 5 bedrooms, one of which is designed as an office space, and 1 bath, equipped with modern amenities, including separate utilities for each unit. Both water heaters were installed in 2021, a water filtration system installed in 2018 services the entire property. Additionally, a brand-new heating system was installed in 2023. The roof is approximately 12 years old, ensuring durability and reliability. The basement provides ample space with sufficient height to stand around comfortably. The yard is expansive ready for your creative touch. The attached studio, currently operating as a licensed daycare center, presents a unique opportunity to run a small business from home. Conveniently located, this home combines comfort and practicality with the potential for monetization
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,678
Year Built
- Built in 1880
Lot Details
- 9,604 Sq Ft Lot
- Irregular Lot
Home Design
- Duplex
- Stone Foundation
- Shingle Roof
Interior Spaces
- 3,678 Sq Ft Home
- Property has 1 Level
- 1 Fireplace
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 8 Bedrooms
- 3 Full Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Parking
- 5 Car Parking Spaces
- Driveway
- Paved Parking
- Open Parking
Location
- Property is near public transit
- Property is near schools
Additional Features
- Enclosed Patio or Porch
- Heating System Uses Natural Gas
Listing and Financial Details
- Total Actual Rent $1,900
- Assessor Parcel Number M:053 B:722 L:025,2005688
Community Details
Overview
- 2 Units
- Near Conservation Area
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Marina
- Golf Course Community
- Tennis Courts
- Community Pool
- Park
- Community Stables
- Jogging Path
- Bike Trail
Building Details
- Net Operating Income $22,800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 12, 2024
Closed on
Aug 8, 2024
Sold by
Beltre Juan A and Lopez Ana
Bought by
Peralta Janeth E and Richardson Joseph
Seller's Agent
The Movement Group
Compass
Buyer's Agent
Cynthia Nina-Soto
Nina-Soto Realty, LLC
List Price
$879,000
Sold Price
$915,000
Premium/Discount to List
$36,000
4.1%
Views
10
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,802
Avg. Annual Appreciation
2.18%
Original Mortgage
$869,250
Outstanding Balance
$857,813
Interest Rate
6.86%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$84,989
Purchase Details
Closed on
Feb 9, 2004
Sold by
Beltre Juan A
Bought by
Beltre Juan A
Purchase Details
Closed on
Nov 16, 1999
Sold by
Hatzis Rt and Hatzis Paul
Bought by
Beltre Juan A
Purchase Details
Closed on
Feb 26, 1999
Sold by
Harrell James Paul
Bought by
Hatzis Rt and Hatzis Paul
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Peralta Janeth E | $915,000 | None Available | |
| Beltre Juan A | -- | -- | |
| Beltre Juan A | -- | -- | |
| Beltre Juan A | $180,000 | -- | |
| Beltre Juan A | $180,000 | -- | |
| Hatzis Rt | $44,000 | -- | |
| Hatzis Rt | $44,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Peralta Janeth E | $869,250 | |
| Previous Owner | Hatzis Rt | $366,220 | |
| Previous Owner | Hatzis Rt | $294,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/09/2024 08/09/24 | Sold | $915,000 | +4.1% | $249 / Sq Ft |
| 06/17/2024 06/17/24 | Pending | -- | -- | -- |
| 06/12/2024 06/12/24 | For Sale | $879,000 | -- | $239 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,096 | $878,033 | $222,800 | $655,233 |
| 2024 | $8,678 | $824,100 | $214,900 | $609,200 |
| 2023 | $8,200 | $735,400 | $169,300 | $566,100 |
| 2022 | $8,424 | $677,700 | $153,000 | $524,700 |
| 2021 | $7,849 | $602,400 | $135,600 | $466,800 |
| 2020 | $7,268 | $542,400 | $127,700 | $414,700 |
| 2019 | $6,855 | $479,400 | $107,900 | $371,500 |
| 2018 | $6,351 | $419,200 | $106,900 | $312,300 |
| 2017 | $5,953 | $381,600 | $94,100 | $287,500 |
| 2016 | $5,234 | $323,500 | $70,800 | $252,700 |
| 2015 | $4,864 | $290,400 | $67,300 | $223,100 |
Source: Public Records
Agents Affiliated with this Home
-
The Movement Group
-
Juan Rodriguez
Seller Co-Listing Agent in 2024
Juan Rodriguez
Lyv Realty
(781) 417-9786
1 in this area
13 Total Sales
-
Cynthia Nina-Soto
Buyer's Agent in 2024
Cynthia Nina-Soto
Nina-Soto Realty, LLC
(978) 704-8691
2 in this area
57 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73250910
APN: LYNN-000053-000722-000025
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, 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, and the Images, 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, or as to the accuracy of any of the Images, set forth herein.
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