16 Lynde St Unit 18 Melrose, MA 02176
Oak Grove-Pine Banks Neighborhood
4
Beds
2
Baths
2,112
Sq Ft
3,977
Sq Ft Lot
Highlights
- Property is near public transit
- 4-minute walk to Wyoming Hill
- Park
- Lincoln Elementary School Rated A-
- Wood Flooring
- 5-minute walk to Lynde Park
About This Home
As of November 2023Invest in a beautiful 2-family house in a fantastic location. This side-by-side set of townhomes is just off Main St and close to the MBTA Wyoming Hill Station with train service to Boston. Thompson Square, a little park next door with greenery and a pathway invite you around the corner to enjoy everything downtown Melrose has to offer starting with Dunkin’ Donuts across the street. This home has been well maintained by the same family for almost 70 yrs. Before that, it was owned by the mayor of Melrose. The home on the right was gut renovated down to the studs in 2014, and the other unit on the left had a long-term tenant who was a contractor that kept things up. The property features updated electricity with circuit breakers, new hot water tanks manufactured in 2019, and energy efficient forced-hot air heating systems. Each unit has independent gas and electric services for separate utilities as well as private parking and paved drives for each side. Welcome home to 16 and 18 Lynde.
Last Agent to Sell the Property
Gibson Sotheby's International Realty Listed on: 10/11/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,514
Year Built
- Built in 1900 | Remodeled
Lot Details
- 3,977 Sq Ft Lot
- Fenced
Home Design
- Stone Foundation
- Shingle Roof
Interior Spaces
- 2,112 Sq Ft Home
- Property has 2 Levels
- Window Screens
- Wood Flooring
- Dirt Floor
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Parking
- 4 Car Parking Spaces
- Paved Parking
- Open Parking
- Off-Street Parking
Location
- Property is near public transit
- Property is near schools
Schools
- Lincoln Elementary School
- Veterans’ Mem. Middle School
- Melrose High School
Utilities
- Heating Available
- Natural Gas Connected
Listing and Financial Details
- Total Actual Rent $5,200
- Rent includes unit 1(water), unit 2(water)
- Assessor Parcel Number M:0C6 P:0000120,653864
Community Details
Recreation
- Park
Additional Features
- 2 Units
- Shops
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 18, 2024
Sold by
Chiu Alexandria W and Endow Dean A
Bought by
Chu Joannie L
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Outstanding Balance
$238,166
Interest Rate
6.94%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$652,749
Similar Home in Melrose, MA
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Quit Claim Deed | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $240,000 | Stand Alone Refi Refinance Of Original Loan | |
| Closed | $240,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $241,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/20/2023 12/20/23 | Rented | $2,700 | 0.0% | -- |
| 12/06/2023 12/06/23 | Under Contract | -- | -- | -- |
| 11/26/2023 11/26/23 | For Rent | $2,700 | 0.0% | -- |
| 11/22/2023 11/22/23 | Sold | $860,000 | -3.4% | $407 / Sq Ft |
| 10/25/2023 10/25/23 | Pending | -- | -- | -- |
| 10/11/2023 10/11/23 | For Sale | $890,000 | 0.0% | $421 / Sq Ft |
| 01/28/2020 01/28/20 | Rented | $2,000 | 0.0% | -- |
| 01/21/2020 01/21/20 | Under Contract | -- | -- | -- |
| 01/08/2020 01/08/20 | For Rent | $2,000 | +5.3% | -- |
| 10/05/2018 10/05/18 | Rented | $1,900 | 0.0% | -- |
| 10/04/2018 10/04/18 | Under Contract | -- | -- | -- |
| 09/27/2018 09/27/18 | For Rent | $1,900 | 0.0% | -- |
| 05/19/2017 05/19/17 | Rented | $1,900 | +2.7% | -- |
| 05/17/2017 05/17/17 | Under Contract | -- | -- | -- |
| 05/13/2017 05/13/17 | For Rent | $1,850 | +5.7% | -- |
| 03/30/2015 03/30/15 | Rented | $1,750 | 0.0% | -- |
| 03/30/2015 03/30/15 | For Rent | $1,750 | +6.1% | -- |
| 02/22/2014 02/22/14 | Rented | $1,650 | 0.0% | -- |
| 02/22/2014 02/22/14 | For Rent | $1,650 | -- | -- |
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 | $73 | $739,700 | $393,100 | $346,600 |
| 2024 | $6,527 | $657,300 | $367,700 | $289,600 |
| 2023 | $6,514 | $625,100 | $342,300 | $282,800 |
| 2022 | $6,369 | $602,600 | $329,700 | $272,900 |
| 2021 | $6,268 | $572,400 | $329,700 | $242,700 |
| 2020 | $6,008 | $543,700 | $304,300 | $239,400 |
| 2019 | $5,514 | $510,100 | $278,900 | $231,200 |
| 2018 | $5,148 | $454,400 | $231,400 | $223,000 |
| 2017 | $4,997 | $423,500 | $221,900 | $201,600 |
| 2016 | $4,588 | $372,100 | $190,200 | $181,900 |
| 2015 | $4,422 | $341,200 | $180,700 | $160,500 |
| 2014 | $4,320 | $325,300 | $164,800 | $160,500 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2023
Jon Hindmarsh
Gibson Sotheby's International Realty
(617) 416-4781
1 in this area
30 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73168940
APN: MELR-000006C-000000-000120
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