by RH Advisors
For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
East Merrimack 03054
16 Lantern Lane
Listed by: Mike Proulx, Cameron Real Estate Group, Selling Office: Keller Williams Realty Metro-Londonderry, Listing Courtesy of Prime MLS
$392,000
● House - Off Market

16 Lantern Lane

Merrimack, NH 03054
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,428 Ft²
$386,392
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model

About This Property

Welcome to 16 Lantern Lane, located in the northern part of Merrimack close to the Manchester Airport, the Merrimack Shopping Outlets, restaurants, and the Everett Turnpike. This quiet neighborhood is located off the Daniel Webster Highway and is in the perfect location to call your home. This home features 2 bedrooms and one full bathroom on the main floor. Step outside onto your newer deck and walk down to your patio with full fenced yard perfect for your dogs, kids, or just to have some privacy. Downstairs in the basement you will find a large, finished recreation room complete with your own bar. This home is perfect for indoor or outdoor entertaining. Perfectly set in this peaceful this neighborhood to get out and enjoy the fresh air. Showings to begin at the open house Saturday November 19th from 12-1:30.
Unit Size
1,428 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$256
Property Type
House
Property Taxes
$440
HOA Dues
-
Year Built
1965

Payment Calculator (Computations Provided by RealtyHop)

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (Prime MLS #4936919)

Price History

Date / Event Date Event Price
Jan 3, 2023 Sold
Premium
Sold
Nov 14, 2022 Listed by Cameron Real Estate Group $365,000
Listed by Cameron Real Estate Group
Apr 27, 2015 Sold
Premium
Sold
Jul 1, 1997 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 836
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,985
  • Total Building Area: 1,406
  • Gross Building Area: 2,064
  • Building Area: 1,406
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,406
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000344
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Merrimack School District
  • School Tax School District: MERRIMACK
  • Census Tract: 014101

Zoning

  • Zoning: RESIDE

Geography

  • Assessors Map Reference: 6E-2
  • Parcel: MRMK M:06E-2 L:000035 S:000000
  • Lot: 35
  • Municipality: MERRIMACK
  • Latitude: 42.8864
  • Longitude: -71.4701

    Address

  • Full Address: 16 Lantern Ln
  • Address - House Number: 16
  • Address - Street Name: Lantern
  • Address - Suffix Type: Ln
  • State: NH
  • City Name: Merrimack
  • Carrier Code: R011
  • 4-Digit Zip Code: 2706
  • Zip Code: 03054

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $598,500

    Appraisal Valuation

  • Standard Deviation: 0.1361
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 84
  • Final Value: 424,238
  • High Value: 481,989
  • Low Value: 366,488

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $307,700
  • Assessed Land Value: $173,700
  • Assessed Improvements Value: $134,000

    Sales

  • Current Sale Contract Date: Jan 03, 2023
  • Current Sale Recording Date: Jan 03, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 230000117
  • Previous Sale Recording Date: Apr 27, 2015
  • Previous Sale Amount: $155,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About East Merrimack

Stats & Trends

Median Asking:

$350,000

Sale Price/ft²

$219

Below Asking

0.01%

Average Days on Market

42

Average Home Size

1767 ft²

Average Home Age

75.7 years

Currently For Sale

13 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Prime

Listed by: Mike Proulx, Cameron Real Estate Group
Last Updated Date: 2023-01-04
Last Checked: 9 hours ago
Data Source: Prime MLS, MLS# 4936919
Copyright 2026 PrimeMLS, Inc. All rights reserved. This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this display comes in part from the IDX Program of PrimeMLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 16 Lantern Lane built and last sold?
The property at 16 Lantern Lane was built in 1965 and last sold on Jan 3, 2023 for $392,000.
How much is this home worth?
The estimated value of the home located at 16 Lantern Lane is $0.
What are some comparable homes to 16 Lantern Lane?
There are currently no comparable homes to 16 Lantern Lane.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Merrimack Homes for Sale
Merrimack Houses for Sale
Merrimack Condos for Sale
Merrimack Townhouses for Sale
Merrimack Multifamily for Sale
Merrimack Land for Sale
Merrimack Commercial for Sale
Merrimack Homes with Basements
Nearby Cities
Manchester Homes for Sale
Nashua Homes for Sale
Londonderry Homes for Sale
Milford Homes for Sale
Hudson Homes for Sale
East Merrimack Homes for Sale
South Hooksett Homes for Sale
Pinardville Homes for Sale
Nearby Property Records
Hillsborough County, NH Property Records
Rockingham County, NH Property Records
Middlesex County, MA Property Records
Merrimack County, NH Property Records
Essex County, MA Property Records
Worcester County, MA Property Records
Cheshire County, NH Property Records
Strafford County, NH Property Records
Neighborhoods
West Hollis Real Estate
North End Real Estate
South End Real Estate
Straw-Smyth Real Estate
Northwest Manchester Real Estate
South Hooksett Real Estate
Southside Real Estate
Wellington Real Estate
Nearby Counties
Manchester Homes for Sale
Nashua Homes for Sale
Londonderry Homes for Sale
Hudson Homes for Sale
Bedford Homes for Sale
Amherst Homes for Sale
Milford Homes for Sale
Goffstown Homes for Sale
Top Real Estate Agents
Top Agents in Merrimack
Top Agents in Manchester
Top Agents in Manchester
Top Agents in Nashua
Top Agents in Nashua
Top Agents in 03104
Top Agents in Londonderry
Top Agents in 03103