NOT LISTED FOR SALE

559 Summer St Unit 2 Lynn, MA 01905

West Lynn Neighborhood

Estimated Value: $342,000 - $506,000

2 Beds
1 Bath
755 Sq Ft
$290/mo HOA Fee

Last Sold October 18, 2022

Last sale price $385,000 $510 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,875/month

8 Days on Market

Highlights

  • Marina
  • Community Stables
  • 0.73 Acre Lot
  • Golf Course Community
  • Medical Services
  • 5-minute walk to GEAA Field

About This Home

As of October 2022

Rarely available unit at The LUXE @ Summer Street! This 2 bedroom unit and building were fully renovated in 2020. High Ceilings, sparkling chandeliers, luxurious kitchen with large island, Quartz counters and graphite appliances including 5 burner range. Bath features a double vanity with Quartz and rain shower impressive tiling. Energy efficient lighting, windows, heating and on-demand HW. Units have sound proofing in partition walls, C/A, keyless entry, washer/dryer hookup in unit & MORE. PETS ALLOWED! Desirable West Lynn location short distance to Boston, close to the Community Bike & Walking Path, 5 major bus routes to Wonderland & Haymarket.

Last Agent to Sell the Property

David Silen

117 Realty Listed on: 08/31/2022

Last Buyer's Agent

The Reference Group

Reference Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,096

Year Built

  • Built in 1920

Lot Details

  • 0.73

HOA Fees

  • $290 Monthly HOA Fees

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 755 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Decorative Lighting
  • Basement

Kitchen

  • Kitchen Island
  • Solid Surface Countertops

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor
  • 1 Full Bathroom
  • Double Vanity
  • Separate Shower

Parking

  • 1 Car Parking Space
  • Off-Street Parking
  • Assigned Parking

Location

  • Property is near public transit
  • Property is near schools

Utilities

  • Forced Air Heating and Cooling System
  • 1 Cooling Zone
  • 1 Heating Zone
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number M:037 B:280 L:014 S:002,5166650

Community Details

Overview

  • Association fees include water, sewer, insurance, maintenance structure, ground maintenance, snow removal, trash, reserve funds
  • 20 Units
  • Low-Rise Condominium
  • The Luxe At Summer Street Community
  • Near Conservation Area

Amenities

  • Medical Services
  • Shops

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Community Pool
  • Park
  • Community Stables
  • Jogging Path
  • Bike Trail

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,096

Year Built

Built in 1920

Lot Details

0

HOA Fees

$290 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: Low-Rise
  • Year Built: 1920
  • Entry Level: 1
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Year Round: Yes
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 1

Interior Features

  • Entry Location: Unit Placement(Upper,Front)
  • Fireplace YN: No
  • Total Bedrooms: 2
  • Room Bedroom2 Level: Second
  • Room Bedroom2 Features: Closet, Flooring - Wood
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Room Master Bedroom Features: Closet, Flooring - Wood
  • Room Master Bedroom Level: Second
  • Bathroom 1 Features: Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile
  • Bathroom 1 Level: Second
  • Room Dining Room Features: Flooring - Wood, Open Floorplan
  • Room Dining Room Level: Second
  • Room Kitchen Level: Second
  • Room Kitchen Features: Flooring - Wood, Countertops - Stone/Granite/Solid, Kitchen Island, Cabinets - Upgraded, Open Floorplan, Lighting - Pendant
  • Room Living Room Level: Second
  • Room Living Room Features: Flooring - Wood, Open Floorplan
  • Basement: Y
  • Living Area: 755
  • Stories Total: 1
  • MAIN LO: AN4305
  • MAIN SO: AN7079

Exterior Features

  • Common Walls: Corner
  • Home Warranty YN: No
  • Waterfront Features: Beach Front, Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Parking Features: Off Street, Assigned
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public
  • HEAT ZONES: 1
  • COOLING ZONES: 1

Condo/Co-op/Association

  • Association Fee: 289.84
  • Association Fee Frequency: Monthly
  • Association YN: Yes
  • Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
  • Senior Community YN: No
  • MANAGEMENT: Professional - Off Site
  • ResoAssociationFeeFrequency: Monthly

Fee Information

  • Association Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Reserve Funds

Lot Info

  • Parcel Number: M:037 B:280 L:014 S:002,5166650
  • Zoning: BD
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.73
  • Lot Size Sq Ft: 31780
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4096

Multi Family

  • Number Of Units Total: 20
  • Basement Included Sq Ft: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2022
Closed on
Oct 18, 2022
Sold by
Jones Paula
Bought by
Garrasi Jenalee M and Garrasi John
Seller's Agent
David Silen
117 Realty
Buyer's Agent
The Reference Group
Reference Real Estate
List Price
$385,000
Sold Price
$385,000
Views
38
Current Estimated Value
$426,488

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,488
Avg. Annual Appreciation
3.31%
Original Mortgage
$341,500
Outstanding Balance
$327,452
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$99,036

Purchase Details

Listed on
Oct 8, 2020
Closed on
Jan 14, 2021
Sold by
Ns Holdings Llc
Bought by
Jones Paula
Seller's Agent
Katie DiVirgilio
RE/MAX 360
Buyer's Agent
David Silen
117 Realty
List Price
$349,900
Sold Price
$335,000
Premium/Discount to List
-$14,900
-4.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.27%
Original Mortgage
$200,000
Interest Rate
2.71%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Garrasi Jenalee M $385,000 None Available
Jones Paula $335,000 None Available
Jones Paula $335,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garrasi Jenalee M $341,500
Previous Owner Jones Paula $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/18/2022 10/18/22 Sold $385,000 0.0% $510 / Sq Ft
09/09/2022 09/09/22 Pending -- -- --
08/31/2022 08/31/22 For Sale $385,000 +14.9% $510 / Sq Ft
01/19/2021 01/19/21 Sold $335,000 -4.2% $444 / Sq Ft View Prior Sale
12/18/2020 12/18/20 Pending -- -- --
12/11/2020 12/11/20 Price Changed $349,700 0.0% $463 / Sq Ft
11/16/2020 11/16/20 Price Changed $349,800 0.0% $463 / Sq Ft
10/08/2020 10/08/20 For Sale $349,900 -- $463 / 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 $4,185 $404,000 $0 $404,000
2024 $3,883 $368,800 $0 $368,800
2023 $3,744 $335,800 $0 $335,800
2022 $4,096 $329,500 $0 $329,500
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    David Silen

    117 Realty

    Section Image

  • T

    Buyer's Agent in 2022

    The Reference Group

    Reference Real Estate

    (781) 342-0052

    2 in this area

    290 Total Sales

    The Reference Group
    Section Image
  • Katie DiVirgilio

    Seller's Agent in 2021

    Katie DiVirgilio

    RE/MAX

    (617) 285-9847

    8 in this area

    262 Total Sales

    Katie DiVirgilio
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73030828

MLS Property Information Network (MLS PIN)

APN: LYNN M:037 B:280 L:014 S:002

Massachusetts Essex County Lynn 01905 West Lynn

559 Summer St Unit 2, Lynn, MA

Not Listed for Sale

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