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589 Essex Street # 302, Lynn MA 01901

Lynn, MA 01901
$475,000
Est. $3,400/month
2
Beds
1
Baths
1,229
Sq Ft
$386
Price/Sq Ft
1823
Year Built
28
Days on Market
Closed Listed Jul 10, 2024 • MLS# 73262133 Copied!

About this home

Your vibrant, city lifestyle awaits at Lynn’s sought after Sloan Machinery Lofts. A great investment opportunity! Just 10 miles from Boston & .5 miles to the train. This sun-splashed, corner brick & beam loft boasts a versatile, open concept layout w/12 oversized windows overlooking the city, 12’ ceilings, warm oak floors, a granite/stainless chef’s kitchen, W/D, central A/C, custom shades, & a tankless Navien hot water heater. The generous main bedroom features cork floors and a custom 6’x7’ walk-in closet. The 2nd bedroom has a double closet & French doors that open to the living/dining area. Don’t miss the oversized garage parking w/plenty of room for storage. The building is professionally managed, pet friendly, & has a ButterflyMX intercom system, new roof & an elevator. This home is walking distance to Lynn’s finest restaurants, shopping, museums, beaches, the commuter rail, & ferry. Only a short drive to Boston, the MBTA, Logan Airport, & major highways.

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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: $475,000
Final Sale Price: $475,000
Difference: +$0 (+0.0%)
Performance Metrics
100.0%
List to Sale Ratio
Sold at asking price
28
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $386
Sale $/sq ft: $386
This property sold for $386 per square foot
Sale Summary

This property sold exactly at the asking price.

With only 28 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 5 similar properties sold within 0.5 miles in the last 90 days

This Property
$386/sq ft
Area Average
$275/sq ft
Difference
+40.2%

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

Facts & Features

1 Car Garage
Central AC

Home Facts

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

Interior

Heating Central, Forced Air, Natural Gas
Cooling Central Air
Flooring Wood, Tile, Other
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Fireplace None
Basement N
Laundry First Floor, In Unit
Features None

Exterior

Construction Brick
Architecture None
Roof Rubber
Features City View(s)
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Garage Spaces 1
Has Garage Yes
Features Attached, Garage Door Opener, Heated Garage, Deeded
Total Spaces 1

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $4,238
Assessed Value $402,500

Interior Features

Flooring: Wood, Tile, Other
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
Interior Features:
Windows:
Basement: N
Laundry: First Floor, In Unit
Security: Other

Construction & Materials

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

Heating, Cooling & Utilities

Heating: Central, Forced Air, Natural Gas
Heating Zones: 1
Cooling: Central Air
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features: City View(s)
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Garage Spaces: 1
Garage Type: Attached
Total Parking Spaces: 1
Parking Features: Attached, Garage Door Opener, Heated Garage, Deeded

Special Features

View: Yes
View Type: City
Community Amenities: Public Transportation, Shopping, Medical Facility, Highway Access, House of Worship, Private School, Public School

Location

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Neighborhood

589 Essex Street # 302, Lynn MA 01901

Lynn, MA 01901

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
B-
KIPP Academy Lynn Charter School
0.2 mi | #197 of 346 | Score: 51.6
Improved 64 spots from last year
-6.6 below state avg
1,637 students Moderate
High Graduation Rate Rising School College Ready Curriculum
Grades K-12
C-
Cobbet Elementary School
0.2 mi | #696 of 824 | Score: 36.0
Improved 70 spots from last year
-22.3 below state avg
616 students Less Diverse
Rising School
Grades PK-05
C
Washington Elementary School
0.3 mi | #646 of 824 | Score: 38.4
Improved 125 spots from last year
-19.8 below state avg
453 students Moderate
Rising School
Grades K-05
M

Middle Schools

2 schools
C-
Thurgood Marshall Middle School
1.1 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
C+
Pickering Middle School
1.5 mi | #226 of 352 | Score: 38.6
Improved 81 spots from last year
-19.6 below state avg
583 students Diverse
Rising School
Grades 06-08
H

High Schools

3 schools
St. Mary's High School
0.2 mi
Grades 07-12
City Arts & Sciences Academy at Fecteau-Leary
0.3 mi
Grades 06-12
B-
Harold Durgin Success Academy
0.3 mi | #16 of 25 | Score: 30.4
Improved 329 spots from last year
-27.8 below state avg
94 students Diverse
Rising School Career Tech Programs
Grades 09-12
Learn about these ratings

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 $353
Homeowners Insurance $200
HOA Fee $445/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

31
Total Days on Market

Property Timeline

Sold
Aug 30, 2024
$475,000
Property sold
Days on Market: 31
🏠
Listed for Sale
Jul 10, 2024
$475,000
Original listing
Agent: Theresa DiPiro Office: Churchill Properties

Price & Status History

Date Event Price Change
Jul 10, 2024 New Listing Added $475,000

Market Statistics

Days on Market
28 days
Price per Sq Ft
$386

Tax History

Year Taxes Assessment
2024 $4,238 $402,500

Financial Details

Annual Property Tax
$4,238
Tax Year 2024
HOA Fee
$445
Monthly
Assessed Value
$402,500

Listing Information

Listing Agent Theresa DiPiro
Listing Office Churchill Properties
Agent MLS ID BB808320
Office MLS ID AN6958
Listing Data Updated Sep 5, 2024 3:47 PM 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

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