589 Essex St # 205, Lynn MA 01901

Lynn, MA 01901

$445,000

Beds

Baths

1,157

Sq Ft

$385

Price/Sq Ft

0.58

Acres

1823

Year Built

Parking

Condominium

Type

Days on Market

Sold Listed Feb 20, 2025 • MLS# 73336787 Copied! • Updated May 8, 2025

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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

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

This Property

$385/sq ft

Area Median

$353/sq ft

Difference

+9.0%

This property sold slightly above the area median for similar homes.

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

Public Records & Permits

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Recently Sold Nearby

Property History

Market Insights

2.1%

Price Range

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

Date	Event	Price	Change	$/sqft	Details
05/08/2025	✓ Sold	$445,000	-	-	Property sold
02/20/2025	🏠 Listed for Sale	$435,500	-	-	Original listing

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

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

HOA & Community

HOA Fee $408 Monthly

Fee Includes Water, Sewer, Insurance, Security, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds

Amenities Elevator(s)

Optional Fee Includes None

Owner-Occupied Units 25

MA Disclosures

Seller Disclosures None

Additional Details

Possession None

Accepted Financing None

Structure Type ["Loft"]

Unit/Building 205

Sq Ft Source Public Record

Documents Master Deed, Unit Deed, Rules & Regs (3)

County Essex

Total market time (incl. prior listings) 39 days

Property Overview

Property Type

Condominium

Listing Type

Sold

Year Built

1823

Bedrooms

Full Bathrooms

Living Area

1,157 sq ft

Total Rooms

Stories

Entry Level

Floor Layout

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

Nearby Schools

School information not available for this location.

Location

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Neighborhood

589 Essex St # 205, Lynn MA 01901

Lynn, MA 01901

Listing Information

Listing Agent Lizete Alcalai-Nichols

Listing Office RE/MAX Beacon

Office Phone 781-631-2330

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.

Contact Us

BMN Boston Real Estate

Douglas Elliman

(617) 955-2224 contact@bmnboston.com

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