Brody Murphy Novak Group
Douglas Elliman Real Estate - Park Plaza
(781) 661-6002
42 Total Sales
1 in Downtown Lynn
$229,500 Price
39 Newhall St Lynn, MA 01902
Downtown Lynn Neighborhood
31
Beds
23
Baths
16,052
Sq Ft
6,098
Sq Ft Lot
Highlights
- Marina
- Property is near golf course, public transit, and schools
- Community Pool
- Medical Services
- Corner Lot
- Tennis Courts
About This Home
As of September 202539 Newhall (20 Units) and 8 Suffolk (3 Units) contain a total of twenty-three (23) units on one parcel of land, consisting of eight (8), 2-Bedroom/1-Bathroom units, twelve (12) 1-Bedroom/1-Bathroom units and three (3) 2-Room Studio units. Each unit is separately metered for electricity and gas-fired head, which the tenants pay directly. Hot water is the responsibility of the tenants in the 8 Suffolk units and the landlord in the 39 Newhall units. The landlord is responsible for common area electric and domestic water and sewer. In-place leases are significantly below market rates; the opportunity exists to upgrade the unrenovated unit interiors to drive rental rates in an urban-infill, high demand/supply-constrained residential market.
Last Agent to Sell the Property
Kelleher - Pentore Team
Horvath & Tremblay Listed on: 03/04/2025
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $35,186
Year Built
- Built in 1910
Lot Details
- 6,098 Sq Ft Lot
- Corner Lot
Home Design
- Rubber Roof
Interior Spaces
- 16,052 Sq Ft Home
- Property has 1 Level
- Unfinished Basement
Bedrooms and Bathrooms
- 31 Bedrooms
- 23 Full Bathrooms
Additional Features
- Property is near golf course, public transit, and schools
- Separate Meters
Listing and Financial Details
- Total Actual Rent $30,745
- Rent includes unit 1(water), unit 2(water)
- Assessor Parcel Number 2002648
Community Details
Overview
- 23 Units
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Marina
- Tennis Courts
- Community Pool
- Park
- Jogging Path
Building Details
- Operating Expense $143,375
- Net Operating Income $225,565
Ownership 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
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 4, 2025
Closed on
Sep 23, 2025
Sold by
Bought by
Seller's Agent
Kelleher - Pentore Team
Horvath & Tremblay
Buyer's Agent
Steve Girolamo
Horvath & Tremblay
List Price
$4,850,000
Sold Price
$4,400,000
Premium/Discount to List
-$450,000
-9.28%
Views
33
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,700,000
Outstanding Balance
$2,678,102
Interest Rate
6.63%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 6, 1963
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Downtown Lynn, MA
-
Brody Murphy Novak Group
-
Jose Rojas
Jose Rojas
William Raveis R.E. & Home Services
(781) 404-3627
68 Total Sales
1 in Downtown Lynn
$340,000 Price
-
Onnelly Parslow
Onnelly Parslow
Berkshire Hathaway HomeServices Warren Residential
(617) 939-9883
19 Total Sales
3 in Downtown Lynn
$220K - $299K Price Range
-
North Star Group
North Star Group
Real Broker MA, LLC
(857) 240-5268
110 Total Sales
1 in Downtown Lynn
$333,000 Price
-
Assunta Palomba
Assunta Palomba
Mango Realty, Inc.
(857) 305-4635
57 Total Sales
1 in Downtown Lynn
$369,000 Price
-
C. Devon Holden
C. Devon Holden
C. Devon's Homes, LLC
(857) 380-1194
15 Total Sales
1 in Downtown Lynn
$730,000 Price
Purchase 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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $3,600,000 | -- | ||
| -- | -- |
Source: Public Records
Mortgage 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 | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $2,700,000 | ||
| Closed | $200,000 | ||
| Previous Owner | $555,000 | ||
| Previous Owner | $520,000 | ||
| Previous Owner | $614,808 |
Source: Public Records
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 |
|---|---|---|---|---|
| 09/23/2025 09/23/25 | Sold | $4,400,000 | -3.3% | $274 / Sq Ft |
| 05/22/2025 05/22/25 | Pending | -- | -- | -- |
| 05/05/2025 05/05/25 | Price Changed | $4,550,000 | -6.2% | $283 / Sq Ft |
| 03/04/2025 03/04/25 | For Sale | $4,850,000 | -- | $302 / 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 | $35,186 | $3,396,300 | $1,886,000 | $1,510,300 |
| 2024 | $35,711 | $3,391,400 | $1,886,000 | $1,505,400 |
| 2023 | $34,784 | $3,119,600 | $1,840,000 | $1,279,600 |
| 2022 | $32,050 | $2,578,400 | $1,380,000 | $1,198,400 |
| 2021 | $33,306 | $2,556,100 | $1,380,000 | $1,176,100 |
| 2020 | $32,888 | $2,454,300 | $1,334,000 | $1,120,300 |
| 2019 | $30,992 | $2,167,300 | $1,214,400 | $952,900 |
| 2018 | $28,081 | $1,853,500 | $1,012,000 | $841,500 |
| 2017 | $26,100 | $1,673,100 | $908,500 | $764,600 |
| 2016 | $25,768 | $1,592,600 | $828,000 | $764,600 |
| 2015 | $23,028 | $1,374,800 | $690,000 | $684,800 |
Source: Public Records
Agents Affiliated with this Home
-
K
Seller's Agent in 2025
Kelleher - Pentore Team
Horvath & Tremblay
-
Steve Girolamo
Seller Co-Listing Agent in 2025
Steve Girolamo
Horvath & Tremblay
(978) 406-1789
1 in this area
28 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73340893
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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