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589 Essex Street # 302, Lynn MA 01901

Lynn, MA 01901
$475,000
2
Beds
1
Baths
1,229
Sq Ft
$386
Price/Sq Ft
1823
Year Built
1
Garage Space
28
Days on Market
Closed Listed Jul 9, 2024 • MLS# 73262133 Copied! • Updated Sep 5, 2024

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 2 similar properties sold within 0.5 miles in the last 90 days

This Property
$386/sq ft
Area Average
$335/sq ft
Difference
+15.1%

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

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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Recently Sold Nearby

Property History

Market Insights

43.2%
Price Range
31
Total Days on Market
1
Previous Sales

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
Previous Transaction - MLS #71956973
Full transaction history available when tracking began
🏷️
Previously Sold
Apr 14, 2016
$270,000
MLS #71956973

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

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
Garage Spaces 1
Has Garage Yes
Features Attached, Garage Door Opener, Heated Garage, Deeded
Total Spaces 1
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None
Annual Tax $4,238
Assessed Value $402,500

HOA & Community

HOA Fee $445 Monthly
Fee Includes Water, Sewer, Insurance, Maintenance Structure, Snow Removal, Trash, Reserve Funds
Amenities Elevator(s)
Optional Fee Includes None
Seller Disclosures Sellers To Pay Outstanding 11k Assessment For New Roof In 2023. Owners Parked 2 Cars In Oversized Deeded Garage Spot.
Possession None
Accepted Financing None
Structure Type ["Loft"]
Unit/Building 302
Sq Ft Source Public Record
Sq Ft Disclosures approximate
Documents None
County Essex
Total market time (incl. prior listings) 31 days

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

Room Details

First Floor

Bathroom1
9 x 6
Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
Dining Room
8 x 17
Beamed Ceilings, Flooring - Hardwood, Open Floorplan, Lighting - Pendant
Kitchen
10 x 16
Flooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Cabinets - Upgraded, Open Floorplan, Lighting - Pendant
Bedroom2
16 x 9
Living Room
10 x 17
Beamed Ceilings, Flooring - Hardwood, Open Floorplan, Lighting - Pendant
Master Bedroom
18 x 12
Walk-In Closet(s)

Other Floor

Bedroom5
Bedroom4
Bedroom3
Bathroom2
Bathroom3
Office
Family Room
Master Bathroom
No

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
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
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Location

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Neighborhood

589 Essex Street # 302, Lynn MA 01901

Lynn, MA 01901

Listing Information

Listing Agent Theresa DiPiro
Listing Office Churchill Properties
Office Phone 978-572-1966
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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