589 Essex St # 205, Lynn MA 01901

Lynn, MA 01901
$445,000
Est. $2,368/month
2
Beds
1
Baths
1,157
Sq Ft
$385
Price/Sq Ft
0.58
Acres
1823
Year Built
Condominium
Type
38
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73336787

About this home

Welcome to the Sloan Machinery Lofts! Second floor open concept brick and beam loft style offers 12' high ceilings, oversized windows, oak flooring, stainless steel kitchen appliances with granite countertops and plenty of cabinets. Bedrooms with walk in closets, carpet flooring, second bedroom with French doors, walk in closet. Full bath, washer/dryer in unit. Building is professionally and meticulously managed HOA with elevator, well-lit hallways, new roof and common area HVAC (2024), ButterflyMX intercom system. Deeded parking. Conveniently located in the heart of historic Lynn within short distance to the Commuter Rail, fine restaurants, Lynn Auditorium, Lynn Museum, beaches, parks. Enjoy the bike trails, Lynn Woods, tennis courts and golf courses. Easily accessible to Routes 1A, 129, 128, 95 and 1. Parking Space #10

Sale Statistics

Sale Overview
Original List Price: $435,500
Final Sale Price: $445,000
Difference: +$9,500 (+2.2%)
Performance Metrics
102.2%
List to Sale Ratio
Sold above asking price
38
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $376
Sale $/sq ft: $385
This property sold for $385 per square foot
Sale Summary

This property sold for 2.2% above the original asking price, indicating strong buyer demand.

The property spent 38 days on market before selling.

Facts & Features

Property Overview

Property Type
Condominium
Property Category
Residential
Year Built
1823
Bedrooms
2
Full Bathrooms
1
Living Area
1,157 sq ft
Total Rooms
3
Stories
1
Entry Level
2

Interior Features

Flooring
Wood, Carpet
Heating
Forced Air, Natural Gas
Has Heating
Yes
Cooling
Central Air
Has Cooling
Yes
Has Fireplace
No
Appliances
Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Laundry Features
Flooring - Laminate, Electric Dryer Hookup, Washer Hookup, Second Floor, In Unit
Basement Details
N
Window Features
Storm Window(s)
Door Features
French Doors
Accessibility Features
No

Exterior & Structure

Construction Materials
Brick
Roof
Rubber
Has Spa
No
Waterfront Features
Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
Waterfront Property
No

Lot & Land

Lot Size
0.58 acres
Lot Size
25,426 sq ft
Lot Size Area
0.5800

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
1
Parking Features
Off Street, Deeded

Utilities & Systems

Utilities Available
for Gas Range, for Electric Range, for Gas Oven
Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers
Security Features
Intercom

Community & HOA

Community Features
Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, House of Worship, Public School, T-Station
HOA Fee
$408
HOA Fee Frequency
Monthly
Association Amenities
Elevator(s)
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$3,987
Tax Year
2025
Tax Assessed Value
$384,800
Parcel Number
M:069 B:642 L:013 S:007,4565702
Zoning
CBD

Additional Details

Year Built Source
Public Records
Year Built Details
Renovated Since
Building Name
Sloan Machinery Lofts
Common Walls
2+ Common Walls

Location

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Neighborhood

589 Essex St # 205, Lynn MA 01901

Lynn, MA 01901

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $332
Homeowners Insurance $200
HOA Fee $408
PMI $0

Property History

Market Insights

2.1%
Price Range
39
Total Days on Market

Property Timeline

Sold
May 8, 2025
$445,000
Property sold
Days on Market: 39
🏠
Listed for Sale
Feb 20, 2025
$435,500
Original listing
Agent: Lizete Alcalai-Nichols Office: RE/MAX Beacon

Price & Status History

Date Event Price Change
Feb 20, 2025 New Listing Added $435,500

Market Statistics

Days on Market
38 days
Price per Sq Ft
$385

Tax History

Year Taxes Assessment
2025 $3,987 $384,800

Financial Details

Annual Property Tax
$3,987
Tax Year 2025
HOA Fee
$408
Monthly
Assessed Value
$384,800

Listing Information

Listing Agent Lizete Alcalai-Nichols
Listing Office RE/MAX Beacon
Agent MLS ID C9501187
Office MLS ID AN8510

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