$295,000 Open Sun 12PM - 1:30PM
- 3 Beds
- 1.5 Baths
- 1,432 Sq Ft
685 Broadway Unit 8, Malden, MA 02148
Kyle D'Addieco eXp Realty
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Lynn Woods Reservation, encompassing nearly one-fifth of the city's land area, provides extensive trails for hiking and biking within this massive urban forest. The waterfront location features Lynn Beach Reservation, which includes King's Beach and Red Rock Park, creating a continuous 1.5-mile stretch of coastline for swimming and seaside activities. High Rock Tower stands 85 feet tall, delivering panoramic views of both the city and Boston skyline. The Lynn Museum & Historical Society houses 10,000 artifacts and an extensive photography collection documenting the city's past.
The housing market in Lynn includes diverse options across distinct neighborhoods. Single-family homes represent the primary housing type, with a median price of $600,000. Lynn Woods commands the highest median single-family home price at $627,500, while Downtown Lynn presents more affordable options at $465,000. The Diamond District features condominiums, with one-bedroom units at a median price of $280,500 and two-bedroom units at $425,000.
Property taxes in Lynn reflect Essex County's effective rate of 1.07%, comparable to neighboring Salem and Swampscott, but higher than Revere's 0.67%. The Massachusetts state income tax rate stands at 5.00%, with a state sales tax of 6.25%.
Commuters benefit from the MBTA Commuter Rail's Newburyport/Rockport Line, reaching Boston's North Station in approximately 25 minutes. Private education options include the APlus-rated Odyssey Day School and A-rated North Shore Christian School, both serving multiple neighborhoods. The dining scene features notable establishments like Rossetti Restaurant and The Blue Ox, complementing the cultural offerings at Lynn Memorial Auditorium and monthly Arts After Hours events.
On average, homes in Lynn, MA sell after 18 days on the market compared to the national average of 70 days. The median sale price for homes in Lynn, MA over the last 12 months is $400,000, down 9% from the median home sale price over the previous 12 months.