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50 S Common St # 202, Lynn MA 01902

Lynn, MA 01902
$362,000
Est. $2,562/month
2
Beds
3
Baths
950
Sq Ft
$381
Price/Sq Ft
1.31
Acres
1988
Year Built
18
Days on Market
Closed Listed Jan 22, 2025 • MLS# 73328446 Copied!

About this home

Welcome to the Commons of Lynn. Modern and spacious 2 bedrooms, 2 full bath condominium in well managed and maintained brick elevator building. Unit is completely done over in 2023 with brand new kitchen, bathrooms, floors, recessed lightings. Master suite with private full bathroom and walking closet. Private balcony with excess from the living room and master bedroom. Central A/C, 1 car designated parking space, and huge storage bin in the basement. Great convenient location, close to the restaurants, shops, public transportation, YMCA, library. The Lynn Shore & Nahant Beaches and parks are just minutes away.

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1988
Bedrooms
2
Full Bathrooms
2
Half Bathrooms
2
Living Area
950 sq ft
Total Rooms
4
Stories
1
Entry Level
2

Sale Statistics

Sale Overview
Original List Price: $365,000
Final Sale Price: $362,000
Difference: $3,000 (-0.8%)
Performance Metrics
99.2%
List to Sale Ratio
Sold below asking price
18
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $384
Sale $/sq ft: $381
This property sold for $381 per square foot
Sale Summary

This property sold for 0.8% below the original asking price.

With only 18 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
$381/sq ft
Area Average
$288/sq ft
Difference
+32.2%

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

Facts & Features

Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1988
Living Area 950 sq ft
Lot Size 1.31 acres
Bedrooms 2
Full Baths 2
Half Baths 2
Total Rooms 4

Interior

Heating Forced Air, Heat Pump, Electric
Cooling Central Air, Heat Pump
Flooring Tile, Laminate
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator
Fireplace None
Basement Y
Laundry In Basement, Common Area, In Building
Features None

Exterior

Construction Brick, Stone
Architecture None
Roof Rubber
Features Balcony
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features Off Street, Deeded, Paved
Total Spaces 1

Utilities

Electric 220 Volts, 200+ Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range

Financial

Annual Tax $3,192
Assessed Value $303,100

Interior Features

Flooring: Tile, Laminate
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
Interior Features:
Windows: Insulated Windows
Basement: Y
Laundry: In Basement, Common Area, In Building
Security: Intercom

Construction & Materials

Year Built: 1988
Structure Type: High-Rise
Exterior Materials: Brick, Stone
Roof: Rubber
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Forced Air, Heat Pump, Electric
Heating Zones: 1
Cooling: Central Air, Heat Pump
Cooling Zones: 1
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Total Parking Spaces: 1
Parking Features: Off Street, Deeded, Paved

Location

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Neighborhood

50 S Common St # 202, 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
0.1 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
C-
Lynn Vocational Technical Institute
0.3 mi | #284 of 346 | Score: 42.8
Improved 50 spots from last year
-15.5 below state avg
1,584 students Moderate
Early College Program Rising School Career Tech Programs
Grades PK-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
1.6 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
< 0.1 mi
Grades 06-12
B-
Harold Durgin Success Academy
< 0.1 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
0.2 mi
Grades 07-12
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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 $266
Homeowners Insurance $200
HOA Fee $266/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

0.8%
Price Range
20
Total Days on Market

Property Timeline

Sold
Mar 21, 2025
$362,000
Property sold
Days on Market: 20
🏠
Listed for Sale
Jan 22, 2025
$365,000
Original listing
Agent: Michael Romanovsky Office: MGR Global Realty, Inc.

Price & Status History

Date Event Price Change
Jan 22, 2025 New Listing Added $365,000

Market Statistics

Days on Market
18 days
Price per Sq Ft
$381

Tax History

Year Taxes Assessment
2024 $3,192 $303,100

Financial Details

Annual Property Tax
$3,192
Tax Year 2024
HOA Fee
$266
Monthly
Assessed Value
$303,100

Listing Information

Listing Agent Michael Romanovsky
Listing Office MGR Global Realty, Inc.
Agent MLS ID C6747345
Office MLS ID C95172
Listing Data Updated Mar 22, 2025 2:04 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

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Market Analytics for Lynn, MA

Real-time market trends and pricing data for this area

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