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589 Essex St # 205, Lynn MA 01901

Lynn, MA 01901
$445,000
Est. $3,190/month
2
Beds
1
Baths
1,157
Sq Ft
$385
Price/Sq Ft
0.58
Acres
1823
Year Built
38
Days on Market
Closed Listed Feb 20, 2025 • MLS# 73336787 Copied!

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

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Property Overview

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

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.

Nearby Sales Comparison

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

This Property
$385/sq ft
Area Average
$275/sq ft
Difference
+39.8%

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 1823
Living Area 1,157 sq ft
Lot Size 0.58 acres
Bedrooms 2
Full Baths 1
Total Rooms 3

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Flooring Wood, Carpet
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement N
Laundry Flooring - Laminate, Electric Dryer Hookup, Washer Hookup, Second Floor, In Unit
Features None

Exterior

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

Parking

Features Off Street, Deeded
Total Spaces 1

Utilities

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

Financial

Annual Tax $3,987
Assessed Value $384,800

Interior Features

Flooring: Wood, Carpet
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Windows: Storm Window(s)
Basement: N
Laundry: Flooring - Laminate, Electric Dryer Hookup, Washer Hookup, Second Floor, In Unit
Security: Intercom

Construction & Materials

Year Built: 1823
Effective Year (Renovated): 2005
Structure Type: Loft
Exterior Materials: Brick
Roof: Rubber
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 & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

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

Location

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Neighborhood

589 Essex St # 205, Lynn MA 01901

Lynn, MA 01901

Walkability

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Nearby Schools

School information not available for this location.

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 $332
Homeowners Insurance $200
HOA Fee $408/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

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 Office RE/MAX Beacon
Agent MLS ID C9501187
Office MLS ID AN8510
Listing Data Updated May 8, 2025 3:40 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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