BMN Boston

Get our mobile app!

Download on the App Store

589 Essex St # 205, Lynn MA 01901

Lynn, MA 01901
$445,000
2
Beds
1
Baths
1,157
Sq Ft
$385
Price/Sq Ft
0.58
Acres
1823
Year Built
1
Parking
38
Days on Market
Closed Listed Feb 20, 2025 • MLS# 73336787 Copied! • Updated May 8, 2025

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

This Property
$385/sq ft
Area Average
$335/sq ft
Difference
+14.8%

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

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

View in the App

Save this property, schedule tours instantly, and get alerts when the price drops

Scan to download BMN Boston app Scan with phone
Get the full experience in the BMN Boston app

BMN Estimate

Get the number an algorithm can't give you

A free agent CMA factors in condition, upgrades, and the street — the things comps alone can't see.

Recently Sold Nearby

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

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
Features Off Street, Deeded
Total Spaces 1
Electric Circuit Breakers
Water Public
Sewer Public Sewer
Gas None
Other For Gas Range, For Electric Range, For Gas Oven
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
Seller Disclosures None
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
For Sale
Year Built
1823
Bedrooms
2
Full Bathrooms
1
Living Area
1,157 sq ft
Total Rooms
3
Stories
1
Entry Level
2

Room Details

Second Floor

Bathroom1
Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
Kitchen
Flooring - Hardwood, Countertops - Upgraded, Kitchen Island, Open Floorplan, Stainless Steel Appliances, Gas Stove
Bedroom2
Walk-In Closet(s), Flooring - Wall to Wall Carpet, French Doors
Living Room
Closet, Flooring - Hardwood, Window(s) - Picture, Open Floorplan
Master Bedroom
Ceiling Fan(s), Walk-In Closet(s), Flooring - Wall to Wall Carpet, Window(s) - Picture

Other Floor

Bedroom5
Bedroom4
Bedroom3
Dining Room
Bathroom2
Bathroom3
Office
Family Room
Master Bathroom
No

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

Loading map...

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
BMN Boston Real Estate
Douglas Elliman
Ask about this property — free, no obligation.

Similar Homes for Sale

Comparable Properties

Customize Comparable Search

Finding comparable properties...

Market Analytics for Lynn, MA

Real-time market trends and pricing data for this area

589 Essex St # 205, Lynn MA 01901 - Photo 1 589 Essex St # 205, Lynn MA 01901 - Photo 2 589 Essex St # 205, Lynn MA 01901 - Photo 3 589 Essex St # 205, Lynn MA 01901 - Photo 4 589 Essex St # 205, Lynn MA 01901 - Photo 5 589 Essex St # 205, Lynn MA 01901 - Photo 6 589 Essex St # 205, Lynn MA 01901 - Photo 7 589 Essex St # 205, Lynn MA 01901 - Photo 8 589 Essex St # 205, Lynn MA 01901 - Photo 9 589 Essex St # 205, Lynn MA 01901 - Photo 10 589 Essex St # 205, Lynn MA 01901 - Photo 11 589 Essex St # 205, Lynn MA 01901 - Photo 12 589 Essex St # 205, Lynn MA 01901 - Photo 13 589 Essex St # 205, Lynn MA 01901 - Photo 14 589 Essex St # 205, Lynn MA 01901 - Photo 15 589 Essex St # 205, Lynn MA 01901 - Photo 16 589 Essex St # 205, Lynn MA 01901 - Photo 17 589 Essex St # 205, Lynn MA 01901 - Photo 18 589 Essex St # 205, Lynn MA 01901 - Photo 19 589 Essex St # 205, Lynn MA 01901 - Photo 20 589 Essex St # 205, Lynn MA 01901 - Photo 21 589 Essex St # 205, Lynn MA 01901 - Photo 22 589 Essex St # 205, Lynn MA 01901 - Photo 23 589 Essex St # 205, Lynn MA 01901 - Photo 24 589 Essex St # 205, Lynn MA 01901 - Photo 25 589 Essex St # 205, Lynn MA 01901 - Photo 26 589 Essex St # 205, Lynn MA 01901 - Photo 27 589 Essex St # 205, Lynn MA 01901 - Photo 28 589 Essex St # 205, Lynn MA 01901 - Photo 29 589 Essex St # 205, Lynn MA 01901 - Photo 30 589 Essex St # 205, Lynn MA 01901 - Photo 31 589 Essex St # 205, Lynn MA 01901 - Photo 32 589 Essex St # 205, Lynn MA 01901 - Photo 33 589 Essex St # 205, Lynn MA 01901 - Photo 34 589 Essex St # 205, Lynn MA 01901 - Photo 35 589 Essex St # 205, Lynn MA 01901 - Photo 36 589 Essex St # 205, Lynn MA 01901 - Photo 37 589 Essex St # 205, Lynn MA 01901 - Photo 38 589 Essex St # 205, Lynn MA 01901 - Photo 39
BMN Boston Real Estate

BMN Boston Real Estate

Douglas Elliman

Your message will be sent to BMN Boston Real Estate.

Schedule a Tour