16 Hanover Street

Lynn, MA 01902

$915,000
Last Sold Price
8
Beds
3
Baths
3,678 Sq. Ft.
$249 / Sq. Ft.
3,678
Sq. Ft.
$249
per Sq. Ft.

Description

Welcome 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...Welcome 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

Listing Agent

Property Details for 16 Hanover Street

Town
Lynn
Area
MA-Lynn
Garage Spaces
0
Parking Spaces
5.00
Parking Spaces Total
5
LISTING UPDATED: 08/09/2024 03:48 PM

Property Details for 16 Hanover Street

StatusSold
MLS #73250910
Days on Market6
Taxes$8,678 / year
HOA Fees-
Compass TypeMulti Family
MLS TypeMulti-family / 2 Family - 2 Units Up/Down
Year Built1880
CountyEssex County
Buyer's Agent Compensation0%

Building Information for 16 Hanover Street

Stories3Residences2Year Built1880Building Size-Lot Size0.22 AC / 9,604 SF

Property Information for 16 Hanover Street

General Details
Property Details
  • Building Area Units: Square Feet
  • Community Features: Public Transportation, Shopping, Swimming Pool, Tennis Court, Park, Walk/Jog Trails, Stables, Golf Course, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
  • Current Financing: Conv. Fixed
  • Living Area: 3678.0
  • SqFt with Basement: No
  • Total Units: 2
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Features
Interior Features
  • Basement Features: Full, Interior Access, Unfinished Basement
  • Num of Baths: 3.0
  • Num of Full Baths: 3
  • Num of Half Baths: 0
  • Bathrooms Total Decimal: 3.00
  • Bathrooms Total Integer: 3
  • FireplaceYN: Yes
  • Fireplaces: 1
  • Flooring: Wood, Tile
  • SpaYN: No
Exterior Features
  • Exterior Features: Porch, Porch - Enclosed, Patio
  • Patio And Porch Features: Porch, Enclosed, Patio
  • Roof Material: Shingle
  • Waterfront Features: Beach Front, Ocean, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
Parking Features
  • Covered Spaces: .00
  • Garage: No
  • Garage Parking: Paved Drive, Paved Driveway
  • Open Parking: Yes
  • Parking Features: Paved Drive, Paved Driveway
  • Parking Features: Paved Driveway
Utilities
  • Heating: Electric, Natural Gas
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Disclosures: Seller occupies unit 2. Unit 1 can be delivered vacant at time of closing TAW. Solar Panel is a 25 year lease that started in 2016 at $66.54 /month,Studio is paid on same utilities as unit 2. Seller will leave the shed closest to basement. PR states 8 bd 2.5 ba Studio has full bath
Tax Information
  • Listing Terms: Lease Back
  • Tax ID: M:053 B:722 L:025,2005688
  • Assessments: $824,100
  • Book: 16052
  • Tax Year: 2024
  • Zoning: R5
Building / Association Information
Living Characteristics
  • Beds Total: 8
  • Total Living Levels: 3
Other Building Characteristics
  • Foundation: Stone, Irregular
Income / Expenses
  • GOI: $22,800.00
  • NOI: $22,800.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: N
  • Levels U1: 1
Unit 2 Description
  • Floor U2: 2
  • Lease U2: N
  • Levels U2: 2
Rental Info
Rental Info
  • Total Actual Rent: $1,900.00
Market and Agent Information
Sale Info
  • Buyer Broker Comp: 2
  • Other Agent Compensation: 0

Property History for 16 Hanover Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 16 Hanover Street

Taxable ValueLand$214,900Additions$609,200Total$824,100
Tax Record2024$8,678 ($723 / month)
Home Facts
Baths2.5Total Finished SqFt3,678 SqFtAbove Grade Finished SqFt3,678 SqFtUnfinished Basement SqFt1,834 SqFtStories3Lot Size9,604 SqFtStyleDuplexYear Built1880Year Renovated1888ZoningR5CountyESSEXAPNLYNN M:053 B:722 L:025Fireplace TypeHas Fireplace

Schools near 16 Hanover Street

This home is within Lynn School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 1 to 5
Public - 6 to 8
Public - 6 to 12
Rating
School
Distance
Washington Elementary School
PublicPK to 5

William R Fallon
Public1 to 5

Breed Middle School
Public6 to 8

Fecteau-Leary Junior/Senior High School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. 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., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS 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.