Phillip Napolitano
StartPoint Realty
(781) 731-1473
14 Total Sales
1 in Fayette Street
$585,000 Price
16 Trinity Ave Lynn, MA 01902
Fayette Street NeighborhoodEstimated Value: $1,148,882
12
Beds
3
Baths
4,710
Sq Ft
$244/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
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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
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Fayette Street, MA
-
Phillip Napolitano
-
Eugene Clements
Eugene Clements
Clements Realty Group
(351) 666-8361
46 Total Sales
3 in Fayette Street
$400K - $570K Price Range
-
Juan Jaramillo
Juan Jaramillo
(857) 465-4065
60 Total Sales
1 in Fayette Street
$685,000 Price
-
Wendy Whitty
Wendy Whitty
Whitty Real Estate
(339) 230-2775
40 Total Sales
1 in Fayette Street
$2,635,000 Price
-
Bill Thompson
Bill Thompson
Keller Williams Realty
(508) 501-9429
204 Total Sales
1 in Fayette Street
$590,000 Price
-
Robert Bono
Robert Bono
A/O REIA Realty, LLC
(774) 292-4958
12 Total Sales
1 in Fayette Street
$640,000 Price
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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
Seller's Agent in 2023
Steve Girolamo
Horvath & Tremblay
(978) 406-1789
1 in this area
28 Total Sales
-
Alberto Lozano
A
Buyer's Agent in 2023
Alberto Lozano
C Realty Corp.
1 in this area
9 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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