589 Essex St # 303, Lynn MA 01901

Lynn, MA 01901
$375,000
Est. $1,996/month
1
Beds
1
Baths
884
Sq Ft
$424
Price/Sq Ft
0.58
Acres
1823
Year Built
Condominium
Type
72
Days on Market
Active Price Drop -$24,000 Listed Sep 26, 2025 • MLS# 73404424

About this home

Welcome to Sloan Machinery Lofts—where historic charm meets modern convenience. This freshly painted 1 bed, 1 bath condo features refinished hardwood floors, soaring ceilings, exposed brick and beams, and oversized windows that fill the space with natural light. The open-concept kitchen includes granite countertops, stainless steel appliances, and a large island perfect for entertaining. Additional highlights include central air, Navien on-demand water heater, in-unit laundry, and 1 deeded parking space. Located just 1 mile from the beach, 0.4 miles to the commuter rail, and with easy access to Routes 1A, 107, and 128. Professionally managed elevator building with secure entry. Don’t miss this opportunity to own a stylish loft in the heart of downtown Lynn!

Facts & Features

Property Overview

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

Interior Features

Flooring
Hardwood
Heating
Forced Air, Natural Gas
Has Heating
Yes
Cooling
Central Air
Has Cooling
Yes
Has Fireplace
No
Appliances
Disposal, Microwave, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dryer, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Washer, Range
Laundry Features
In Unit
Basement Details
N

Exterior & Structure

Construction Materials
Brick
Has Spa
No
Waterfront Features
Ocean, 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
Yes
Attached Garage
Yes
Has Carport
No
Total Non-Garage Parking Spaces
1
Parking Features
Under, Off Street, Assigned, Deeded

Utilities & Systems

Utilities Available
for Gas Range
Water Source
Public
Sewer
Public Sewer
Security Features
Intercom

Community & HOA

Community Features
Public Transportation, Medical Facility, Laundromat, Highway Access, Public School, T-Station
HOA Fee
$334
HOA Fee Frequency
Monthly
Association Amenities
Elevator(s)
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$3,892
Tax Year
2025
Tax Assessed Value
$375,700
Parcel Number
M:069 B:642 L:013 S:015,4567647
Zoning
CBD

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate
Common Walls
2+ Common Walls
Attached Property
Yes
Disclosures
Seller is doing a 1031 Exchange and actively looking for a replacement property. We need flexibility on closing timeline.

Location

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Neighborhood

589 Essex St # 303, 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 $324
Homeowners Insurance $200
HOA Fee $334
PMI $0

Property History

Property Timeline

🏠
Listed for Sale
Jul 15, 2025
$375,000
Original listing
Agent: Issam Dib Office: Skyline Realty

Price & Status History

Date Event Price Change
Jul 15, 2025 New Listing Added $375,000 —

Market Statistics

Days on Market
72 days
Price per Sq Ft
$424
Total Price Drop
-$24,000

Tax History

Year Taxes Assessment
2025 $3,892 $375,700

Financial Details

Annual Property Tax
$3,892
Tax Year 2025
HOA Fee
$334
Monthly
Assessed Value
$375,700

Listing Information

Listing Agent Issam Dib
Listing Office Skyline Realty
Agent MLS ID CN223155
Office MLS ID NB9256

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