Seller's Agent in 2023
Steve Girolamo
Horvath & Tremblay
(978) 406-1789
1 in this area
26 Total Sales
16 Trinity Ave Lynn, MA 01902
Fayette Street NeighborhoodEstimated Value: $1,123,000 - $1,272,000
12
Beds
3
Baths
4,710
Sq Ft
$248/Sq Ft
Est. Value
Highlights
- 0.16 Acre Lot
- Property is near public transit
- Level Lot
About This Home
As of May 202316 Trinity Ave (the "Property") is a HUGE three story building containing (3), 4-Bedroom/1-Bathroom units with 4,710 square feet of living area in 6,776 total SF on a 0.166-acre parcel of land with ample on-site parking. Two of the three residential units in the large multi-family building were recently renovated (one within the last several months). The top floor’s renovations included condominium quality finishes throughout. In-place leases are below market rates; the opportunity exists to upgrade the unrenovated unit interiors and unfinished attic space to drive rental rates in an urban-infill, high demand/supply-constrained residential market. 16 Trinity Avenue is well-located in a densely populated residential neighborhood adjacent to downtown Lynn, with convenient access to both local and regional transportation, as well as retail amenities around Lynn’s Central Square, the primary commercial area in Downtown Lynn that offers convenient access to an array of “downtown” amenities
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,690
Year Built
- Built in 1900
Lot Details
- 7,230 Sq Ft Lot
- Level Lot
Home Design
- 4,710 Sq Ft Home
- Triplex
- Brick Foundation
- Stone Foundation
- Shingle Roof
Bedrooms and Bathrooms
- 12 Bedrooms
- 3 Full Bathrooms
Parking
- 6 Car Parking Spaces
- Off-Street Parking
Location
- Property is near public transit
Utilities
- Separate Meters
- Gas Water Heater
Listing and Financial Details
- Total Actual Rent $7,900
- Assessor Parcel Number 1999970
Community Details
Overview
- 3 Units
- Property has 1 Level
Building Details
- Operating Expense $25,149
- Net Operating Income $72,051
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 12, 2023
Closed on
May 31, 2023
Sold by
Robinson Brandon
Bought by
Sar Samnang and Tran Vendy
Seller's Agent
Steve Girolamo
Horvath & Tremblay
Buyer's Agent
Alberto Lozano
C Realty Corp.
List Price
$1,025,000
Sold Price
$1,025,000
Views
21
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
$141,697
Avg. Annual Appreciation
5.05%
Original Mortgage
$717,500
Outstanding Balance
$696,780
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$469,917
Purchase Details
Closed on
Oct 19, 2007
Sold by
Yankey Isaac
Bought by
Robinson Brandon
Purchase Details
Closed on
Aug 16, 2005
Sold by
Cartwright Deborah J and Brienze Philip M
Bought by
Yankey Isaac
Purchase Details
Closed on
Jan 9, 2003
Sold by
Cartwright Deborah J
Bought by
Cartwright Deborah
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Sar Samnang | $1,025,000 | None Available | |
| Robinson Brandon | $370,000 | -- | |
| Robinson Brandon | $370,000 | -- | |
| Yankey Isaac | $465,000 | -- | |
| Yankey Isaac | $465,000 | -- | |
| Cartwright Deborah | -- | -- | |
| Cartwright Deborah | -- | -- | |
| Cartwright Deborah | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Sar Samnang | $717,500 | |
| Previous Owner | Cartwright Deborah | $341,075 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/31/2023 05/31/23 | Sold | $1,025,000 | 0.0% | $218 / Sq Ft |
| 04/14/2023 04/14/23 | Pending | -- | -- | -- |
| 04/12/2023 04/12/23 | For Sale | $1,025,000 | -- | $218 / 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 | $10,289 | $993,100 | $197,400 | $795,700 |
| 2024 | $10,240 | $972,500 | $187,600 | $784,900 |
| 2023 | $9,690 | $869,100 | $170,800 | $698,300 |
| 2022 | $9,551 | $768,400 | $146,200 | $622,200 |
| 2021 | $9,155 | $702,600 | $138,200 | $564,400 |
| 2020 | $8,651 | $645,600 | $128,500 | $517,100 |
| 2019 | $8,248 | $576,800 | $110,800 | $466,000 |
| 2018 | $7,490 | $494,400 | $102,400 | $392,000 |
| 2017 | $7,257 | $465,200 | $95,900 | $369,300 |
| 2016 | $6,639 | $410,300 | $82,400 | $327,900 |
| 2015 | $5,958 | $355,700 | $78,200 | $277,500 |
Source: Public Records
Agents Affiliated with this Home
-
Steve Girolamo
-
Alberto Lozano
A
Buyer's Agent in 2023
Alberto Lozano
C Realty Corp.
1 in this area
11 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73097942
APN: LYNN-000095-000516-000011
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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