BMN Boston

Get our mobile app!

Download on the App Store

589 Essex St # 302, Lynn MA 01901

Lynn, MA 01901 • Diamond District
$270,000
Est. $2,159/month
2
Beds
1
Baths
1,229
Sq Ft
$220
Price/Sq Ft
0.58
Acres
1823
Year Built
20
Days on Market
Closed Listed Feb 8, 2016 • MLS# 71956973 Copied!

About this home

TRUE LOFT LIVING! Come home to dramatic views downtown, oversized windows, soaring ceilings and brick & beam construction- all in the historic Sloan Machinery Lofts. Corner unit offering abundant sunlight from 2 south-east exposures, beautiful hardwood floors and generously-sized bedrooms. Awesome space for entertaining w/ open & spacious kitchen, living & dining areas. Extra perks include: in-unit washer & dryer & private bedroom, perfect for guests, situated away from living areas. Meticulously cared for building w/ many updates and improvements. Garage parking w/ additional storage room & common outdoor BBQ area. Great, convenient location. Walk to highly-rated offerings in the newly revitalized downtown: Blue Ox Restaurant, Rosetti's Restaurant & Lynn Auditorium. Also, steps to Ernie's, local grocer & minutes to renowned home furnishing store, Zimman's. Train just blocks away & 5 min drive to Lynn Ferry **1st showings at open house 2/14 (Sunday) 12-1:3

View in the App

Save this property, schedule tours instantly, and get alerts when the price drops

Scan to download BMN Boston app Scan with phone
Get the full experience in the BMN Boston app

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1823
Bedrooms
2
Full Bathrooms
1
Living Area
1,229 sq ft
Total Rooms
3
Stories
1
Entry Level
3

Sale Statistics

Sale Overview
Original List Price: $269,000
Final Sale Price: $270,000
Difference: +$1,000 (+0.4%)
Performance Metrics
100.4%
List to Sale Ratio
Sold above asking price
20
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $219
Sale $/sq ft: $220
This property sold for $220 per square foot
Sale Summary

This property sold for 0.4% above the original asking price, indicating strong buyer demand.

With only 20 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 3 similar properties sold within 0.5 miles in the last 90 days

This Property
$220/sq ft
Area Average
$251/sq ft
Difference
12.3%

This property sold below the area average, potentially representing good value for the buyer.

Facts & Features

1 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1823
Living Area 1,229 sq ft
Lot Size 0.58 acres
Bedrooms 2
Full Baths 1
Total Rooms 3

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Flooring None
Appliances None
Fireplace None
Basement N
Laundry None
Features None

Exterior

Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Garage Spaces 1
Has Garage Yes
Features Under, Deeded
Total Spaces 2

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $3,480
Assessed Value $215,100

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
Basement: N
Laundry:
Security:

Construction & Materials

Year Built: 1823
Structure Type: Loft
Exterior Materials:
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Forced Air, Natural Gas
Cooling: Central Air
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Garage Spaces: 1
Garage Type: Attached
Total Parking Spaces: 2
Parking Features: Under, Deeded

Location

Loading map...

Neighborhood

Diamond District

589 Essex St # 302, Lynn MA 01901

Lynn, MA 01901

Walkability

Loading Walk Score...

Nearby Schools

School information not available for this location.

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 $290
Homeowners Insurance $200
HOA Fee $304/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

43.4%
Price Range
21
Total Days on Market
1
Previous Sales

Property Timeline

Previous Transaction - MLS #73262133
Full transaction history available when tracking began
🏷️
Previously Sold
Aug 30, 2024
$475,000
MLS #73262133
Sold
Apr 14, 2016
$270,000
Property sold
Days on Market: 21
🏠
Listed for Sale
Feb 8, 2016
$269,000
Original listing
Agent: Jeremy McElwain Office: Keller Williams Realty Evolution

Price & Status History

Date Event Price Change
Aug 30, 2024 Sold $475,000
Feb 8, 2016 New Listing Added $269,000

Market Statistics

Days on Market
20 days
Price per Sq Ft
$220

Tax History

Year Taxes Assessment
2016 $3,480 $215,100

Financial Details

Annual Property Tax
$3,480
Tax Year 2016
HOA Fee
$304
Per month
Assessed Value
$215,100

Listing Information

Listing Agent Jeremy McElwain
Listing Office Keller Williams Realty Evolution
Agent MLS ID BB802522
Office MLS ID C95098
Listing Data Updated Apr 14, 2016 5:00 PM EDT
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Comparable Properties

Customize Comparable Search

Finding comparable properties...

Market Analytics for Lynn, MA

Real-time market trends and pricing data for this area

589 Essex St # 302, Lynn MA 01901 - Photo 1 589 Essex St # 302, Lynn MA 01901 - Photo 2 589 Essex St # 302, Lynn MA 01901 - Photo 3 589 Essex St # 302, Lynn MA 01901 - Photo 4 589 Essex St # 302, Lynn MA 01901 - Photo 5 589 Essex St # 302, Lynn MA 01901 - Photo 6 589 Essex St # 302, Lynn MA 01901 - Photo 7 589 Essex St # 302, Lynn MA 01901 - Photo 8 589 Essex St # 302, Lynn MA 01901 - Photo 9 589 Essex St # 302, Lynn MA 01901 - Photo 10 589 Essex St # 302, Lynn MA 01901 - Photo 11 589 Essex St # 302, Lynn MA 01901 - Photo 12 589 Essex St # 302, Lynn MA 01901 - Photo 13
BMN Boston Real Estate

BMN Boston Real Estate

Douglas Elliman

Your message will be sent to BMN Boston Real Estate.

Schedule a Tour