NOT LISTED FOR SALE
84 Beds
72 Baths
72,000 Sq Ft
1.17 Acres

Last Sold March 07, 2022

Last sale price $24,000,000 $333 Per Sq Ft

23 Days on Market

Highlights

  • Marina
  • Medical Services
  • 1.17 Acre Lot
  • Golf Course Community
  • Waterfront
  • Property is near public transit

About This Home

As of March 2022

Presenting COVE164, a New Construction 72 Unit Apartment building with 82 garage parking spaces and 17 exterior spaces, all with in-unit laundry. Located in an "Opportunity Zone" with special tax advantages. The perfect combination of city living with ocean views, close to Route-1, the Lynn Commuter Rail, and several bus stops. Located in the hub of Lynn, walking distance to shops, restaurants, and the ocean. Tenants will be attracted to Nahant, Lynn, and Revere beach, just minutes away. New enhancements to the area include updates to the Lynn Harborwalk, new residences, restaurants, and parks. Close to North Shore Community College, Lynn Vocational Technical Institution and Lynn Woods, perfect for hiking, biking, walking your dog, or horseback riding. Less than 10 miles from Boston and 7.7 miles from Logan airport. Podium construction with garage parking, common courtyard and three levels of living.

Last Agent to Sell the Property

Paul Cirignano

The Synergy Group Listed on: 12/03/2021

Last Buyer's Agent

Non Member

Non Member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2021

Lot Details

  • 1.17 Acre Lot
  • Waterfront
  • Fenced
  • Level Lot

Parking

  • 82 Car Garage
  • Driveway
  • Open Parking
  • Off-Street Parking
  • Assigned Parking

Home Design

  • Frame Construction
  • Rubber Roof
  • Concrete Perimeter Foundation
  • Stone

Interior Spaces

  • 72,000 Sq Ft Home
  • Property has 1 Level
  • Insulated Windows
  • Plumbed For Ice Maker
  • Washer and Electric Dryer Hookup

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 84 Bedrooms
  • 72 Full Bathrooms

Eco-Friendly Details

  • Energy-Efficient Thermostat

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • 72 Cooling Zones
  • 72 Heating Zones
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2006389

Community Details

Overview

  • 72 Units

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Marina
  • Golf Course Community
  • Park
  • Jogging Path
  • Bike Trail

Property Details

Home Type

Multi-Family

Year Built

Built in 2021

Lot Details

0

Parking

82

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5-9 Family
  • Year Built: 2021
  • Buyer Agency: 1
  • Buyer Agency Type: %
  • Dual Variable: Yes
  • Transaction Broker: 0
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: Yes
  • ResoPropertyType: ResidentialIncome
  • Special Features: NewHome
  • Stories: 4

Interior Features

  • Flooring: Tile,Vinyl
  • Fireplace YN: No
  • Appliances: Electric Water Heater, Plumbed For Ice Maker, Utility Connections for Electric Range, Utility Connections for Electric Oven, Utility Connections for Electric Dryer
  • Total Bedrooms: 84
  • Full Bathrooms: 72
  • Total Bathrooms: 72
  • Total Bathrooms: 72
  • Laundry Features: Washer Hookup
  • Living Area: 72000
  • Stories Total: 4
  • Window Features: Insulated Windows
  • MAIN LO: AN4643
  • LIST PRICE PER Sq Ft: 340.28
  • PRICE PER Sq Ft: 333.33
  • MAIN SO: H11111

Exterior Features

  • Construction Materials: Frame, Stone
  • Fencing: Fenced/Enclosed
  • Foundation Details: Concrete Perimeter
  • Home Warranty YN: No
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Rubber
  • Waterfront Features: Beach Front, Ocean, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: Yes

Garage/Parking

  • Garage Spaces: 82
  • Covered Parking Spaces: 82
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Off Street, Assigned, Driveway, Paved
  • Total Parking Spaces: 17

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup, Icemaker Connection
  • Water Source: Public
  • HEAT UNITS: 7
  • HEAT ZONES: 72
  • COOLING ZONES: 72

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, Sidewalks
  • Senior Community YN: No

Lot Info

  • Parcel Number: 2006389
  • Zoning: WF1
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 1.17
  • Lot Size Area: 1.17
  • Lot Size Sq Ft: 50965.2
  • Lot Size Units: Acres
  • LOT SIZE: 50771
  • PAGE: 0

Green Features

  • Green Energy Efficient: Thermostat

Tax Info

  • Tax Year: 2021
  • Tax Book Number: 0

Multi Family

  • Number Of Units Total: 72
  • LEVELS 1: 1
  • COOLING UNITS: 7
  • LEVELS 2: 1
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 1: 1
  • FLRS 2: 1

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2022 03/07/22 Sold $24,000,000 -2.0% $333 / Sq Ft
12/27/2021 12/27/21 Pending -- -- --
12/03/2021 12/03/21 For Sale $24,500,000 -- $340 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72924921

MLS Property Information Network (MLS PIN)