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88 Franklin St # 101, Lynn MA 01902

Lynn, MA 01902
$349,000
Est. $2,631/month
2
Beds
1
Baths
1,195
Sq Ft
$292
Price/Sq Ft
1890
Year Built
104
Days on Market
Closed Listed Aug 29, 2024 • MLS# 73283018 Copied!

About this home

Welcome to Ladder 3 Lofts. Roll up your sleeves and make this unit shine once more! You will be stepping into a piece of history with this one-of-a-kind, converted firehouse loft. This 2 bedroom 1 bath unit boasts 14-foot tall ceilings, genuine maple hardwood floors, and an abundance of natural sunlight. This is a rare find that perfectly blends historic charm with modern living. The layout is cozy yet spacious, especially with those high ceilings. Open concept floor plan for you to install the kitchen of your dreams! Your own private oasis awaits on the private patio area which is perfect for morning coffee or evening relaxation with a good book. Located in a vibrant neighborhood with easy access to local amenities. Comes with 2 parking spots, a dedicated storage space and pet friendly! This property offers the perfect combination of history, style, and convenience. With a little TLC this unit will be sure to impress.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1890
Bedrooms
2
Full Bathrooms
1
Living Area
1,195 sq ft
Total Rooms
4
Stories
1
Entry Level
1

Sale Statistics

Sale Overview
Original List Price: $399,000
Final Sale Price: $349,000
Difference: $50,000 (-12.5%)
Performance Metrics
87.5%
List to Sale Ratio
Sold below asking price
104
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $334
Sale $/sq ft: $292
This property sold for $292 per square foot
Sale Summary

This property sold for 12.5% below the original asking price.

At 104 days on market, this property took longer than average to sell.

Nearby Sales Comparison

Based on 7 similar properties sold within 0.5 miles in the last 90 days

This Property
$292/sq ft
Area Average
$368/sq ft
Difference
20.7%

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

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1890
Living Area 1,195 sq ft
Bedrooms 2
Full Baths 1
Total Rooms 4

Interior

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

Exterior

Construction Brick
Architecture None
Roof Shingle
Features Patio - Enclosed
Pool None
Spa None
Fencing None
Patio/Porch Patio - Enclosed

Parking

Features Off Street, Deeded, Exclusive Parking
Total Spaces 2

Utilities

Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, Washer Hookup

Financial

Annual Tax $3,117
Assessed Value $296,000

Interior Features

Flooring: Wood, Tile
Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Windows:
Basement: Y
Laundry: First Floor, In Unit, Washer Hookup
Security: Intercom

Construction & Materials

Year Built: 1890
Effective Year (Renovated): 2006
Structure Type: Garden
Exterior Materials: Brick
Roof: Shingle
Foundation:
Stories: 1

Heating, Cooling & Utilities

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

Parking & Garage

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

Location

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Neighborhood

88 Franklin St # 101, 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-
Cobbet Elementary School
0.1 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
0.4 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
B-
KIPP Academy Lynn Charter School
0.4 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
M

Middle Schools

2 schools
C-
Thurgood Marshall Middle School
1.4 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
1.4 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
City Arts & Sciences Academy at Fecteau-Leary
0.2 mi
Grades 06-12
B-
Harold Durgin Success Academy
0.2 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
St. Mary's High School
0.4 mi
Grades 07-12
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 $260
Homeowners Insurance $200
HOA Fee $407/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

105
Total Days on Market

Property Timeline

Sold
Jan 6, 2025
$349,000
Property sold
Days on Market: 105
🏠
Listed for Sale
Aug 29, 2024
$349,000
Original listing
Agent: Chloe Brown Office: eXp Realty

Price & Status History

Date Event Price Change
Aug 29, 2024 New Listing Added $349,000

Market Statistics

Days on Market
104 days
Price per Sq Ft
$292

Tax History

Year Taxes Assessment
2024 $3,117 $296,000

Financial Details

Annual Property Tax
$3,117
Tax Year 2024
HOA Fee
$407
Monthly
Assessed Value
$296,000

Listing Information

Listing Agent Chloe Brown
Listing Office eXp Realty
Agent MLS ID CN239990
Office MLS ID AN6820
Listing Data Updated Jan 7, 2025 10:58 AM EST
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

Comparable Properties

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Market Analytics for Lynn, MA

Real-time market trends and pricing data for this area

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