NOT LISTED FOR SALE

589 Essex St Unit 101 Lynn, MA 01901

Central Lynn Neighborhood

Estimated Value: $401,000 - $451,000

2 Beds
1 Bath
1,081 Sq Ft
0.58 Acres

Last Sold June 29, 2016

Last sale price $280,000 $259 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $2,534/month

About This Home

As of June 2016

FHA approved! With Boston prices soaring, this vibrant, foot friendly, community driven neighborhood offers a competitive edge of affordability and livability with a better opportunity for future gain. Governor Baker's economic development team has their eyes on Downtown Lynn, and you should too! With just a quick walk to the Commuter Rail and beaches, you can live today's active lifestyle while exploring an urban scene with the convenience of everything you need - popular restaurants, shops, pubs, cafes, brewery, farmer's market, community garden, grocery stores, theatre, library, museum, stunning architecture, and more! Unit boasts brick/beam & industrial accents+natural light floods in through 10 oversized windows+soaring 12' 5" ceilings+eat-in kitchen w/granite & stainless steel appliances share space with a sizeable living room+stylish bathroom with modern finishes+in-unit washer/dryer+tankless hot water heater installed in 2012+deeded parking+ample storage & more! Pet friendly!

Last Agent to Sell the Property

Soraya Cacici

Nest Forward Listed on: 05/31/2016

Last Buyer's Agent

Susie Moniz

Buyers Brokers Only, LLC License #454006034

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,901

Year Built

1823

Lot Details

0

Listing Details

  • Unit Level: 1
  • Unit Placement: Street, Corner, Front, Lower Level
  • Property Type: Condominium/Co-Op
  • Other Agent: 2.50
  • Handicap Access: Yes
  • Lead Paint: Unknown
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1823

Interior Features

  • Appliances: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer
  • Has Basement: No
  • Primary Bathroom: Yes
  • Number of Rooms: 3
  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf Course, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
  • Flooring: Wood
  • Interior Amenities: Security System, Cable Available, Intercom, Other (See Remarks)
  • Master Bedroom Description: Closet, Flooring - Wall to Wall Carpet
  • No Living Levels: 1

Exterior Features

  • Roof: Rubber
  • Construction: Brick, Timber Frame
  • Exterior: Brick
  • Exterior Unit Features: Decorative Lighting, City View(s), Garden Area
  • Beach Ownership: Public

Garage/Parking

  • Parking: Off-Street, Assigned
  • Parking Spaces: 1

Utilities

  • Cooling: Central Air, Unit Control
  • Heating: Forced Air, Gas
  • Cooling Zones: 1
  • Heat Zones: 1
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Condominium Name: Sloan Machinery Lofts
  • Association Fee Includes: Water, Sewer, Master Insurance, Elevator
  • Association Security: Intercom
  • Management: Professional - Off Site, Owner Association
  • Pets Allowed: Yes w/ Restrictions
  • No Units: 32
  • Unit Building: 101

Fee Information

  • Fee Interval: Monthly

Lot Info

  • Assessor Parcel Number: M:069 B:642 L:013 S:001
  • Zoning: BD

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2016
Closed on
Jun 29, 2016
Sold by
Freitas Maria E
Bought by
Spadafora Jenny L and Spadafora Lisa M
Seller's Agent
Soraya Cacici
Nest Forward
Buyer's Agent
Susie Moniz
Buyers Brokers Only, LLC
List Price
$274,900
Sold Price
$280,000
Premium/Discount to List
$5,100
1.86%
Current Estimated Value
$421,252

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$141,252
Avg. Annual Appreciation
4.42%

Purchase Details

Listed on
May 11, 2012
Closed on
Nov 7, 2012
Sold by
Fnma
Bought by
Freitas Maria E
Seller's Agent
Elizabeth Wood
Tache Real Estate, Inc.
Buyer's Agent
Jose Aguilar
United Brokers
List Price
$174,900
Sold Price
$137,900
Premium/Discount to List
-$37,000
-21.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.48%
Original Mortgage
$135,401
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 17, 2012
Sold by
Afife Amor
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Dec 23, 2005
Sold by
589 Essex Llc
Bought by
Olivera Afife Amor and Olivera Afife

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,200
Interest Rate
6.36%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Spadafora Jenny L $280,000 --
Freitas Maria E $137,900 --
Federal National Mortgage Association $229,942 --
Federal National Mortgage Association $229,942 --
Olivera Afife Amor $258,000 --
Afife Amor $258,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Afife Amor $135,401
Previous Owner Afife Amor $232,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/29/2016 06/29/16 Sold $280,000 +1.9% $259 / Sq Ft
05/31/2016 05/31/16 Pending -- -- --
05/31/2016 05/31/16 For Sale $274,900 +99.3% $254 / Sq Ft
11/08/2012 11/08/12 Sold $137,900 +2.2% $128 / Sq Ft View Prior Sale
10/18/2012 10/18/12 Pending -- -- --
08/22/2012 08/22/12 Price Changed $134,900 -3.6% $125 / Sq Ft
08/08/2012 08/08/12 Price Changed $139,900 -6.7% $129 / Sq Ft
07/11/2012 07/11/12 Price Changed $149,900 -6.3% $139 / Sq Ft
06/11/2012 06/11/12 Price Changed $159,900 -8.6% $148 / Sq Ft
05/11/2012 05/11/12 For Sale $174,900 -- $162 / 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 $3,901 $376,500 $0 $376,500
2024 $3,732 $354,400 $0 $354,400
2023 $3,712 $332,900 $0 $332,900
2022 $3,837 $308,700 $0 $308,700
2021 $3,787 $290,600 $0 $290,600
2020 $3,948 $294,600 $0 $294,600
2019 $3,685 $257,700 $0 $257,700
2018 $3,615 $238,600 $0 $238,600
2017 $3,507 $224,800 $0 $224,800
2016 $3,040 $187,900 $0 $187,900
2015 $2,775 $165,700 $0 $165,700
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2016

    Soraya Cacici

    Nest Forward

    Section Image

  • S

    Buyer's Agent in 2016

    Susie Moniz

    Buyers Brokers Only, LLC

  • E

    Seller's Agent in 2012

    Elizabeth Wood

    Tache Real Estate, Inc.

    (351) 201-0512

    4 Total Sales

    Elizabeth Wood
    Section Image

  • J

    Buyer's Agent in 2012

    Jose Aguilar

    United Brokers

    (617) 256-3005

    30 Total Sales

    Jose Aguilar
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72014318

MLS Property Information Network (MLS PIN)

APN: LYNN-000069-000642-000013-000001-000001

Massachusetts Essex County Lynn 01901 Central Lynn

589 Essex St Unit 101, Lynn, MA

Not Listed for Sale

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