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281 Ocean Street # 4, Lynn MA 01902

Lynn, MA 01902 • Diamond District
$455,000
Est. $3,586/month
3
Beds
1
Baths
1,620
Sq Ft
$281
Price/Sq Ft
1865
Year Built
35
Days on Market
Closed Listed Aug 8, 2024 • MLS# 73275319 Copied!

About this home

Welcome to the Lucian Newhall House, listed on the National Register of Historic Places and located in the heart of the Diamond District. The condo features an easy flow with an open-concept kitchen and dining area, a spacious living room, 3 generous-sized bedrooms, and stunning architectural details. You'll find beautifully arched windows, intricate moldings, and high ceilings that add to the historic charm and elegance of the space. Ocean views can be seen from 2 of the 3 bedrooms and spectacular views from the cupola, where you can enjoy amazing panoramic views and soak in the ocean breezes. The enclosed common patio area is ideal for summer nights by the fire pit. Additional amenities include an in-unit washer/dryer, allocated storage space in the basement, and 2 off-street deeded parking spaces. Nearby, you'll find Red Rock Park, the beach, shopping, restaurants, and public transportation, making this the perfect location to start and end your day!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1865
Bedrooms
3
Full Bathrooms
1
Living Area
1,620 sq ft
Total Rooms
6
Stories
2
Entry Level
4

Sale Statistics

Sale Overview
Original List Price: $469,000
Final Sale Price: $455,000
Difference: $14,000 (-3.0%)
Performance Metrics
97.0%
List to Sale Ratio
Sold below asking price
35
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $290
Sale $/sq ft: $281
This property sold for $281 per square foot
Sale Summary

This property sold for 3.0% below the original asking price.

The property spent 35 days on market before selling.

Nearby Sales Comparison

Based on 17 similar properties sold within 0.5 miles in the last 90 days

This Property
$281/sq ft
Area Average
$241/sq ft
Difference
+16.7%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1865
Living Area 1,620 sq ft
Bedrooms 3
Full Baths 1
Total Rooms 6

Interior

Heating Hot Water, Natural Gas
Cooling Window Unit(s)
Flooring Wood, Vinyl
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement Y
Laundry Third Floor, In Unit
Features None

Exterior

Construction Frame
Architecture None
Roof Shingle, Slate, Rubber
Features Porch, Patio - Enclosed
Pool None
Spa None
Fencing None
Patio/Porch Porch, Patio - Enclosed

Parking

Features Off Street, Deeded
Total Spaces 2

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range

Financial

Annual Tax $5,319
Assessed Value $505,100

Interior Features

Flooring: Wood, Vinyl
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Windows: Insulated Windows
Basement: Y
Laundry: Third Floor, In Unit
Security:

Construction & Materials

Year Built: 1865
Effective Year (Renovated): 2018
Structure Type: Garden
Exterior Materials: Frame
Roof: Shingle, Slate, Rubber
Foundation:
Stories: 2

Heating, Cooling & Utilities

Heating: Hot Water, Natural Gas
Cooling: Window Unit(s)
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: Porch, Patio - Enclosed
Patio & Porch: Porch, Patio - Enclosed
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Total Parking Spaces: 2
Parking Features: Off Street, Deeded

Location

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Neighborhood

Diamond District

281 Ocean Street # 4, Lynn MA 01902

Lynn, MA 01902

Walkability

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Nearby Schools

School District
Lynn School District local
D
School Safety 2024-25
3.5% Above Average
3.0% Suspensions 0.3% In-School 0.1% Expulsions 0.4% Emergency
2.0% below state avg
E

Elementary Schools

3 schools
C-
E. J. Harrington Elementary School
0.3 mi | #717 of 824 | Score: 34.2
Improved 76 spots from last year
-24 below state avg
687 students Moderate
Rising School
Grades PK-05
C-
Brickett Elementary School
0.4 mi | #688 of 824 | Score: 36.3
Improved 101 spots from last year
-21.9 below state avg
318 students Moderate
Rising School
Grades K-05
C-
Ingalls School
0.8 mi | #673 of 824 | Score: 37.3
Improved 125 spots from last year
-20.9 below state avg
719 students Moderate
Rising School
Grades K-05
M

Middle Schools

2 schools
C-
Thurgood Marshall Middle School
0.7 mi | #311 of 352 | Score: 30.5
Improved 40 spots from last year
-27.7 below state avg
1,310 students Moderate
Rising School
Grades 06-08
B+
Swampscott Middle School
1.9 mi | #122 of 352 | Score: 47.2
Dropped 51 spots from last year
-11 below state avg
654 students Moderate
Grades PK-08
H

High Schools

3 schools
B
Fredrick Douglass Collegiate Academy
0.4 mi | #12 of 25 | Score: 33.4
Improved 330 spots from last year
-24.8 below state avg
235 students Moderate
Early College Program Rising School
Grades 06-12
St. Mary's High School
0.8 mi
Grades 07-12
City Arts & Sciences Academy at Fecteau-Leary
1.0 mi
Grades 06-12
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Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $443
Homeowners Insurance $200
HOA Fee $642/mo
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

3%
Price Range
36
Total Days on Market

Property Timeline

Sold
Oct 3, 2024
$455,000
Property sold
Days on Market: 36
🏠
Listed for Sale
Aug 8, 2024
$469,000
Original listing
Agent: The Murray Brown Group Office: RE/MAX Beacon

Price & Status History

Date Event Price Change
Aug 8, 2024 New Listing Added $469,000

Market Statistics

Days on Market
35 days
Price per Sq Ft
$281

Tax History

Year Taxes Assessment
2024 $5,319 $505,100

Financial Details

Annual Property Tax
$5,319
Tax Year 2024
HOA Fee
$642
Monthly
Assessed Value
$505,100

Listing Information

Listing Agent The Murray Brown Group
Listing Office RE/MAX Beacon
Agent MLS ID TM329476
Office MLS ID AN8171
Listing Data Updated Oct 4, 2024 10:50 AM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Market Analytics for Lynn, MA

Real-time market trends and pricing data for this area

281 Ocean Street # 4, Lynn MA 01902 - Photo 1 281 Ocean Street # 4, Lynn MA 01902 - Photo 2 281 Ocean Street # 4, Lynn MA 01902 - Photo 3 281 Ocean Street # 4, Lynn MA 01902 - Photo 4 281 Ocean Street # 4, Lynn MA 01902 - Photo 5 281 Ocean Street # 4, Lynn MA 01902 - Photo 6 281 Ocean Street # 4, Lynn MA 01902 - Photo 7 281 Ocean Street # 4, Lynn MA 01902 - Photo 8 281 Ocean Street # 4, Lynn MA 01902 - Photo 9 281 Ocean Street # 4, Lynn MA 01902 - Photo 10 281 Ocean Street # 4, Lynn MA 01902 - Photo 11 281 Ocean Street # 4, Lynn MA 01902 - Photo 12 281 Ocean Street # 4, Lynn MA 01902 - Photo 13 281 Ocean Street # 4, Lynn MA 01902 - Photo 14 281 Ocean Street # 4, Lynn MA 01902 - Photo 15 281 Ocean Street # 4, Lynn MA 01902 - Photo 16 281 Ocean Street # 4, Lynn MA 01902 - Photo 17 281 Ocean Street # 4, Lynn MA 01902 - Photo 18 281 Ocean Street # 4, Lynn MA 01902 - Photo 19 281 Ocean Street # 4, Lynn MA 01902 - Photo 20 281 Ocean Street # 4, Lynn MA 01902 - Photo 21 281 Ocean Street # 4, Lynn MA 01902 - Photo 22 281 Ocean Street # 4, Lynn MA 01902 - Photo 23 281 Ocean Street # 4, Lynn MA 01902 - Photo 24 281 Ocean Street # 4, Lynn MA 01902 - Photo 25
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