NOT LISTED FOR SALE

589 Essex St Unit 202 Lynn, MA 01901

Central Lynn Neighborhood

Estimated Value: $420,144 - $585,000

2 Beds
1 Bath
1,229 Sq Ft
$295/mo HOA Fee

Last Sold March 08, 2019

Last sale price $320,000 $260 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $3,185/month

Highlights

  • Wood Flooring
  • Intercom
  • Forced Air Heating and Cooling System

About This Home

As of March 2019

FHA approved! Deeded garage parking. This brick and beam 2 bed/1 bath loft offers industrial accents; natural light floods in through oversized windows+soaring 12" ceilings+granite & stainless steel kitchen share an open space with a sizeable living/dining room+in-unit washer/dryer+walk-in closet. Pet friendly. 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, two stops to North Station, and walkable to beaches, you can live today's active lifestyle while exploring an urban scene with the convenience of everything you need - popular restaurants, pubs, cafes, brewery, farmer's market, community garden, grocery stores, theatre, library, museum, art, stunning architecture, Lynn Woods, and more!

Last Agent to Sell the Property

Soraya Cacici

Nest Forward Listed on: 02/08/2019

Last Buyer's Agent

Soraya Cacici

Nest Forward Listed on: 02/08/2019

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,170

Year Built

  • Built in 1823

Lot Details

  • 0.58

HOA Fees

  • $295 per month

Parking

  • 1 Car Garage

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Laundry

  • Dryer
  • Washer

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas
  • Natural Gas Water Heater

Community Details

  • Call for details about the types of pets allowed

Listing and Financial Details

  • Assessor Parcel Number M:069 B:642 L:013 S:004

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,170

Year Built

Built in 1823

Lot Details

0

HOA Fees

$295 per month

Parking

1

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: Mid-Rise
  • Other Agent: 2.00
  • Handicap Access: Yes
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 260.37
  • Comp Based On: Net Sale Price
  • Year Built: 1823
  • Lead Paint: Unknown
  • Unit Building: 202
  • Unit Level: 4
  • Unit Placement: Upper, Middle
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1823

Interior Features

  • Flooring: Wood, Tile, Wall to Wall Carpet
  • Interior Amenities: Intercom
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Washer, Dryer
  • No Bedrooms: 2
  • Full Bathrooms: 1
  • No Rooms: 3
  • No Living Levels: 1
  • Main Lo: AC0684
  • Main So: AC0684
  • Estimated Sq Ft: 1229.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Beach Miles To: 1 to 2 Mile
  • Construction: Brick, Post & Beam
  • Roof Material: Rubber
  • Exterior: Brick

Garage/Parking

  • Parking Feature: Off-Street, Assigned, Deeded
  • Garage Parking: Under, Deeded, Assigned
  • Garage Spaces: 1

Utilities

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

Condo/Co-op/Association

  • Fee Interval: Monthly
  • Amenities: Public Transportation, Shopping, Tennis Court, Park, Walk/Jog Trails, Golf Course, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University
  • HOA Fees: 295.00
  • Association Fee Includes: Water, Sewer, Master Insurance, Elevator, Exterior Maintenance, Snow Removal, Extra Storage, Reserve Funds
  • Condo Association: Yes
  • Association Security: Intercom
  • Management: Professional - Off Site, Owner Association

Association/Amenities

  • Condominium Name: Sloan Machinery Lofts

Lot Info

  • Assessments: 257000.00
  • Acre: 0.58
  • Lot Size: 25425.00
  • Page: 36
  • Parcel Number: M:069 B:642 L:013 S:004
  • Zoning: BD

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Taxes: 3894.00
  • Assessor Parcel Number: 4562808

Multi Family

  • No Units: 32
  • No Units Owner Occ: 23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2019
Closed on
Mar 8, 2019
Sold by
Hadley T Morgan
Bought by
R & M Rt
Seller's Agent
Soraya Cacici
Nest Forward
Buyer's Agent
Soraya Cacici
Nest Forward
List Price
$320,000
Sold Price
$320,000
Current Estimated Value
$484,536

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,536
Avg. Annual Appreciation
6.34%
Original Mortgage
$150,000
Outstanding Balance
$131,339
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$353,197

Purchase Details

Closed on
Sep 12, 2005
Sold by
589 Essex Llc
Bought by
Hadley T Morgan and Hadley Thomas M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,800
Interest Rate
5.79%
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
R & M Rt $320,000 --
Rossetti $320,000 --
Hadley T Morgan $282,250 --
Hadley T Morgan T $282,250 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rossetti $150,000
Closed R & M Rt $150,000
Previous Owner Hadley T Morgan T $202,000
Previous Owner Hadley T Morgan T $224,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/08/2019 03/08/19 Sold $320,000 0.0% $260 / Sq Ft
02/08/2019 02/08/19 Pending -- -- --
02/08/2019 02/08/19 For Sale $320,000 -- $260 / 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 $4,170 $402,500 $0 $402,500
2024 $3,994 $379,300 $0 $379,300
2023 $3,975 $356,500 $0 $356,500
2022 $4,118 $331,300 $0 $331,300
2021 $4,071 $312,400 $0 $312,400
2020 $4,241 $316,500 $0 $316,500
2019 $3,960 $276,900 $0 $276,900
2018 $3,904 $257,000 $0 $257,000
2017 $3,780 $242,300 $0 $242,300
2016 $3,296 $203,700 $0 $203,700
2015 $3,025 $180,600 $0 $180,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72451248

MLS Property Information Network (MLS PIN)

APN: LYNN-000069-000642-000013-000004-000004