NOT LISTED FOR SALE

281 Ocean St Unit 4 Lynn, MA 01902

Diamond District Neighborhood

Estimated Value: $477,000 - $508,191

3 Beds
1 Bath
1,620 Sq Ft
$642/mo HOA Fee

Last Sold October 03, 2024

Last sale price $455,000 $281 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $3,696/month

24 Days on Market

Highlights

  • Ocean View
  • No Units Above
  • Wood Flooring
  • Medical Services
  • Property is near public transit
  • 4-minute walk to Lynn Beach

About This Home

As of October 2024

Welcome to the Lucian Newhall House, listed on the National Register of Historic Places and located in the heart of the Diamond District. The condo features an easy flow with an open-concept kitchen and dining area, a spacious living room, 3 generous-sized bedrooms, and stunning architectural details. You'll find beautifully arched windows, intricate moldings, and high ceilings that add to the historic charm and elegance of the space. Ocean views can be seen from 2 of the 3 bedrooms and spectacular views from the cupola, where you can enjoy amazing panoramic views and soak in the ocean breezes. The enclosed common patio area is ideal for summer nights by the fire pit. Additional amenities include an in-unit washer/dryer, allocated storage space in the basement, and 2 off-street deeded parking spaces. Nearby, you'll find Red Rock Park, the beach, shopping, restaurants, and public transportation, making this the perfect location to start and end your day!

Last Agent to Sell the Property

Jack Brown

RE/MAX Beacon Listed on: 08/08/2024

RE/MAX Beacon

Co-Listed By

Lisa Gallagher

RE/MAX Beacon

Last Buyer's Agent

Camila Oliveira

Real Broker MA, LLC

Real Broker MA, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,319

Year Built

  • Built in 1865

Lot Details

  • No Units Above

HOA Fees

  • $642 Monthly HOA Fees

Home Design

  • Garden Home
  • Entry on the 4th floor
  • Frame Construction
  • Shingle Roof
  • Slate Roof
  • Rubber Roof

Interior Spaces

  • 1,620 Sq Ft Home
  • 2-Story Property
  • Insulated Windows
  • Ocean Views
  • Basement

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary bedroom located on third floor
  • 1 Full Bathroom

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Parking

  • 2 Car Parking Spaces
  • Off-Street Parking
  • Deeded Parking

Outdoor Features

  • Walking Distance to Water
  • Enclosed Patio or Porch

Location

  • Property is near public transit
  • Property is near schools

Schools

  • Lynn English High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Hot Water Heating System

Listing and Financial Details

  • Assessor Parcel Number 5039726

Community Details

Overview

  • Association fees include heat, gas, water, sewer, insurance, ground maintenance, snow removal, reserve funds
  • 4 Units
  • 281 Ocean Street Condominium Community

Amenities

  • Medical Services
  • Community Garden
  • Common Area
  • Shops

Recreation

  • Tennis Courts
  • Park
  • Jogging Path

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,319

Year Built

Built in 1865

Lot Details

0

HOA Fees

$642 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Garden
  • Year Built: 1865
  • Entry Level: 4
  • Year Built Details: Approximate
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Plans
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Wood, Vinyl
  • Fireplace YN: No
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
  • Total Bedrooms: 3
  • Room Bedroom2 Level: Third
  • Room Bedroom3 Level: Third
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Level: Third
  • Bathroom 1 Level: Third
  • Room Dining Room Level: Third
  • Room Kitchen Level: Third
  • Laundry Features: Third Floor, In Unit
  • Room Living Room Level: Third
  • Basement: Y
  • Living Area: 1620
  • Spa YN: No
  • Stories Total: 2
  • Window Features: Insulated Windows
  • MAIN LO: AN8171
  • MAIN SO: AN6126
  • Insulation: Mixed

Exterior Features

  • Exterior Features: Porch, Patio - Enclosed
  • Common Walls: No One Above
  • Construction Materials: Frame
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Patio - Enclosed
  • Roof: Shingle, Slate, Rubber
  • Waterfront Features: Beach Front, Ocean, Walk to, 3/10 to 1/2 Mile To Beach
  • Waterfront YN: No
  • Waterview Flag: Yes

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street, Deeded
  • Total Parking Spaces: 2

Utilities

  • Sewer: Public Sewer
  • Utilities: for Electric Range
  • Cooling: Window Unit(s)
  • Heating: Hot Water, Natural Gas
  • Cooling Y N: Yes
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Garden Area
  • Association Fee: 642
  • Association Fee Frequency: Monthly
  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Medical Facility, House of Worship, Private School, Public School, University
  • Senior Community YN: No
  • MANAGEMENT: Owner Association
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Heat, Gas, Water, Sewer, Insurance, Maintenance Grounds, Snow Removal, Reserve Funds

Lot Info

  • Parcel Number: 5039726
  • Zoning: R2
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • OUTDOOR SPACE AVAILABLE: Yes - Common
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 5318.7

Multi Family

  • Number Of Units Total: 4
  • Basement Included Sq Ft: No
  • Waterview: Ocean, Public, Walk to

MLS Schools

  • High School: Lynn English

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2024
Closed on
Oct 3, 2024
Sold by
Jackson Katharine and Jackson William
Bought by
Baldassari Nina
Seller's Agent
Jack Brown
RE/MAX Beacon
Buyer's Agent
Camila Oliveira
Real Broker MA, LLC
List Price
$469,000
Sold Price
$455,000
Premium/Discount to List
-$14,000
-2.99%
Views
93
Current Estimated Value
$492,298

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,298
Avg. Annual Appreciation
6.90%
Original Mortgage
$420,000
Outstanding Balance
$414,862
Interest Rate
6.46%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$77,436

Purchase Details

Listed on
Aug 8, 2024
Closed on
Sep 30, 2024
Sold by
84 Nahant Street Llc
Bought by
Jackson Katharine and Jackson William
Seller's Agent
Jack Brown
RE/MAX Beacon
Buyer's Agent
Camila Oliveira
Real Broker MA, LLC
List Price
$469,000
Sold Price
$455,000
Premium/Discount to List
-$14,000
-2.99%
Views
93

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Outstanding Balance
$414,862
Interest Rate
6.46%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$77,436

Purchase Details

Listed on
May 14, 2020
Closed on
Jun 25, 2020
Sold by
84 Nahant Street Llc
Bought by
Jackson Katharine and Jackson William
Seller's Agent
Kimberly Gonsalves
Coldwell Banker Realty - Lexington
Buyer's Agent
Reegan DePasquale
Compass
List Price
$369,000
Sold Price
$365,000
Premium/Discount to List
-$4,000
-1.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.31%
Original Mortgage
$265,000
Interest Rate
3.2%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Baldassari Nina $455,000 None Available
Baldassari Nina $455,000 None Available
Baldassari Nina $455,000 None Available
Baldassari Nina $455,000 None Available
Jackson Katharine -- None Available
Jackson Katharine -- None Available
Jackson Katharine -- None Available
Jackson Katharine -- None Available
Jackson Katharine $365,000 None Available
Jackson Katharine $365,000 None Available
Jackson Katharine $365,000 None Available
Jackson Katharine $365,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baldassari Nina $420,000
Closed Baldassari Nina $420,000
Previous Owner Jackson Katharine $265,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/03/2024 10/03/24 Sold $455,000 -3.0% $281 / Sq Ft
09/01/2024 09/01/24 Pending -- -- --
08/08/2024 08/08/24 For Sale $469,000 +28.5% $290 / Sq Ft
06/30/2020 06/30/20 Sold $365,000 -1.1% $225 / Sq Ft View Prior Sale
05/18/2020 05/18/20 Pending -- -- --
05/14/2020 05/14/20 For Sale $369,000 -- $228 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,576 $538,200 $0 $538,200
2024 $5,319 $505,100 $0 $505,100
2023 $4,478 $401,600 $0 $401,600
2022 $4,469 $359,500 $0 $359,500
2021 $4,562 $350,100 $0 $350,100
2020 $4,561 $340,400 $0 $340,400
2019 $4,535 $317,100 $0 $317,100
Source: Public Records

Agents Affiliated with this Home

  • Jack Brown

    Seller's Agent in 2024

    Jack Brown

    RE/MAX

    (508) 284-5098

    2 in this area

    154 Total Sales

    Jack Brown
    Section Image

  • L

    Seller Co-Listing Agent in 2024

    Lisa Gallagher

    RE/MAX

    (781) 631-8800

    1 in this area

    17 Total Sales

    Lisa Gallagher
    Section Image
  • Camila Oliveira

    Buyer's Agent in 2024

    Camila Oliveira

    Real Broker MA, LLC

    (617) 869-0942

    1 in this area

    36 Total Sales

    Camila Oliveira
    Section Image
  • Kimberly Gonsalves

    Seller's Agent in 2020

    Kimberly Gonsalves

    Coldwell Banker Realty - Lexington

    (617) 513-1500

    32 Total Sales

    Kimberly Gonsalves
    Section Image

  • R

    Buyer's Agent in 2020

    Reegan DePasquale

    Compass

See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73275319

MLS Property Information Network (MLS PIN)

APN: LYNN M:081 B:576 L:010 S:004

Massachusetts Essex County Lynn 01902 Diamond District

281 Ocean St Unit 4, Lynn, MA

Not Listed for Sale

Condos

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