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16 Hanover St, Lynn MA 01902

Lynn, MA 01902
$915,000
Est. $4,870/month
8
Beds
3
Baths
3,678
Sq Ft
$249
Price/Sq Ft
0.22
Acres
1880
Year Built
2 Family - 2 Units Up/Down
Type
4
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73250910

About this home

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

Sale Statistics

Sale Overview
Original List Price: $879,000
Final Sale Price: $915,000
Difference: +$36,000 (+4.1%)
Performance Metrics
104.1%
List to Sale Ratio
Sold above asking price
4
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $239
Sale $/sq ft: $249
This property sold for $249 per square foot
Sale Summary

This property sold for 4.1% above the original asking price, indicating strong buyer demand.

With only 4 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
2 Family - 2 Units Up/Down
Property Category
Residential Income
Year Built
1880
Bedrooms
8
Full Bathrooms
3
Living Area
3,678 sq ft
Total Rooms
14
Stories
3
Levels
3

Interior Features

Flooring
Wood, Tile
Heating
Electric, Natural Gas
Has Heating
Yes
Has Fireplace
Yes
Number of Fireplaces
1
Basement Details
Full, Interior Entry, Unfinished

Exterior & Structure

Roof
Shingle
Foundation
Stone, Irregular
Patio/Porch Features
Porch, Enclosed, Patio
Has Spa
No
Waterfront Features
Ocean, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
Waterfront Property
No

Lot & Land

Lot Size
0.22 acres
Lot Size
9,604 sq ft
Lot Size Area
0.2200

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
5
Parking Features
Paved Drive, Paved

Utilities & Systems

Water Source
Public
Sewer
Public Sewer

Community & HOA

Community Features
Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$8,678
Tax Year
2024
Tax Assessed Value
$824,100
Parcel Number
M:053 B:722 L:025,2005688
Zoning
R5

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
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
Listing Terms
Lease Back

Location

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Neighborhood

16 Hanover St, Lynn MA 01902

Lynn, MA 01902

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $723
Homeowners Insurance $200
PMI $0

Property History

Market Insights

3.9%
Price Range
6
Total Days on Market

Property Timeline

✓
Sold
Aug 9, 2024
$915,000
Property sold
Days on Market: 6
🏠
Listed for Sale
Jun 12, 2024
$879,000
Original listing
Agent: The Movement Group Office: Compass

Price & Status History

Date Event Price Change
Jun 12, 2024 New Listing Added $879,000 —

Market Statistics

Days on Market
4 days
Price per Sq Ft
$249

Tax History

Year Taxes Assessment
2024 $8,678 $824,100

Financial Details

Annual Property Tax
$8,678
Tax Year 2024
Assessed Value
$824,100

Listing Information

Listing Agent The Movement Group
Listing Office Compass
Agent MLS ID TM331585
Office MLS ID AN2383

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