NOT LISTED FOR SALE

589 Essex St Unit 403 Lynn, MA 01901

Central Lynn Neighborhood

Estimated Value: $388,815 - $407,000

1 Bed
1 Bath
884 Sq Ft
$239/mo HOA Fee

Last Sold January 24, 2022

Last sale price $330,000 $373 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $2,744/month

95 Days on Market

Highlights

  • Open Floorplan
  • Solid Surface Countertops
  • Walk-In Closet
  • Wood Flooring
  • Beamed Ceilings
  • Bathtub with Shower

About This Home

As of January 2022

Sought after Sloan Machinery Lofts, located within 1/4 mile of the Commuter Rail - 2 stops to North Station or go in the opposite direction to Cape Ann's beaches. This dreamy brick-&-beam industrial loft offers hard to find amenities including deeded roof rights and parking. Top-floor+1 bed+1 bath+open floor plan+oversized windows+lots of natural light+soaring 12' beamed ceilings+granite & stainless steel kitchen share an open space with living/dining room+French doors+in-unit washer/dryer. Enjoy downtown Lynn's vibrancy and walkability to the ocean and beaches, popular restaurants, shops, cafes, brewery, farmer’s market, grocery stores, parks, library, museum, world-class public art, and stunning architecture. Enjoy nearby Seaport Marina and majestic Lynn Woods. 10 miles to Logan Airport. Easy access to Routes 1/1A/129/95. Pet friendly building. High owner occupancy. Solid HOA & neighborhood associations. FHA approved.

Last Agent to Sell the Property

Soraya Cacici

Nest Forward Listed on: 09/08/2021

Last Buyer's Agent

Jo-Ann Socci

Berkshire Hathaway HomeServices Commonwealth Real Estate

Berkshire Hathaway HomeServices Commonwealth Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,087

Year Built

  • 1823

Lot Details

  • 0.58

HOA Fees

  • $239 per month

Interior Spaces

  • Open Floorplan
  • Beamed Ceilings
  • Ceiling Fan
  • Storage Room
  • Washer and Gas Dryer Hookup

Kitchen

  • Stove
  • Kitchen Island
  • Solid Surface Countertops

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • Walk-In Closet
  • Bathtub with Shower

Utilities

  • 1 Cooling Zone
  • 1 Heating Zone

Community Details

  • Common Area

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,087

Year Built

1823

Lot Details

0

HOA Fees

$239 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • Carport Y N: No
  • Directions: GPS
  • Garage Yn: Yes
  • Property Attached Yn: Yes
  • Structure Type: Mid-Rise
  • Year Built Details: Approximate
  • Special Features: None
  • Year Built: 1823

Interior Features

  • Appliances: Range,Dishwasher,Disposal,Microwave,Refrigerator,Freezer,Washer,Dryer, Gas Water Heater, Utility Connections for Gas Range
  • Entry Location: Unit Placement(Upper)
  • Total Bathrooms: 1
  • Room Master Bedroom Features: Beamed Ceilings, Walk-In Closet(s), Flooring - Hardwood
  • Room Master Bedroom Area: 230.09
  • Bathroom 1 Area: 55.61
  • Bathroom 1 Features: Bathroom - Full, Bathroom - With Tub & Shower, Closet, Flooring - Stone/Ceramic Tile
  • Room Kitchen Features: Beamed Ceilings, Closet, Flooring - Hardwood, Countertops - Stone/Granite/Solid, Kitchen Island, Dryer Hookup - Gas, Open Floorplan, Storage, Washer Hookup, Gas Stove
  • Room Kitchen Area: 90.16
  • Room Living Room Area: 336
  • Room Living Room Features: Ceiling Fan(s), Beamed Ceilings, Flooring - Hardwood, Open Floorplan
  • MAIN LO: AC0684
  • LIST PRICE PER Sq Ft: 395.81
  • PRICE PER Sq Ft: 373.3
  • MAIN SO: C99977
  • Accessibility Features: Accessible Entrance
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace: Yes
  • Flooring: Wood, Tile, Flooring - Hardwood
  • Interior Amenities: Closet, Center Hall, Entry Hall
  • Other Equipment: Intercom
  • Stories: 1

Exterior Features

  • Roof: Rubber
  • Common Walls: 2+ Common Walls
  • Construction Type: Brick, Post & Beam
  • Disclosures: No Pet Restrictions. No Existing Roof Deck, Unit Has Deeded Rights To Build. Condo Doc Files Are Too Large For Uploading - Please Request In Email. Existing Special Assessment Paid By Seller.
  • Waterfront Features: Beach Front, Ocean, 1 to 2 Mile To Beach, Beach Ownership(Public)
  • Waterfront: Yes

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Natural Gas
  • HEAT ZONES: 1
  • COOLING ZONES: 1
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Laundry Features: Dryer Hookup - Gas, Washer Hookup, Gas Dryer Hookup, Walk-in Storage, In Unit
  • Security: Intercom
  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Water Source: Public

Condo/Co-op/Association

  • UNIT BUILDING: 403
  • MANAGEMENT: Professional - Off Site, Owner Association
  • Amenities: Elevator(s), Storage
  • Association Fee: 239
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Community Features: Public Transportation, Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University, Other
  • Pets Allowed: Yes

Fee Information

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

Lot Info

  • LOT SIZE: 25425
  • PAGE: 276
  • OUTDOOR SPACE AVAILABLE: Yes - Common
  • Farm Land Area Units: Square Feet
  • Lot Size Sq Ft: 25264.8
  • Zoning: BD

Multi Family

  • NO UNITS OWNER OCC: 27
  • Number Of Units Total: 32

Tax Info

  • Tax Annual Amount: 3934
  • Tax Book Number: 24929
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2021
Closed on
Jan 24, 2022
Sold by
Maher Maurice J
Bought by
Giannasca Michael F
Seller's Agent
Soraya Cacici
Nest Forward
Buyer's Agent
Jo-Ann Socci
Berkshire Hathaway HomeServices Commonwealth Real Estate
Sold Price
$330,000
Current Estimated Value
$397,204

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,204
Avg. Annual Appreciation
4.98%
Original Mortgage
$280,500
Outstanding Balance
$261,663
Interest Rate
3.11%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$131,399

Purchase Details

Closed on
Oct 7, 2005
Sold by
589 Essex Llc
Bought by
Maher Maurice J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,400
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Giannasca Michael F $330,000 None Available
Giannasca Michael F $330,000 None Available
Maher Maurice J $241,900 --
Maher Maurice J $241,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Giannasca Michael F $280,500
Closed Giannasca Michael F $280,500
Previous Owner Maher Maurice J $163,700
Previous Owner Maher Maurice J $181,400
Previous Owner Maher Maurice J $60,475
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/24/2022 01/24/22 Sold $330,000 0.0% $373 / Sq Ft
12/13/2021 12/13/21 Pending -- -- --
10/14/2021 10/14/21 For Sale -- -- --
10/04/2021 10/04/21 Off Market $330,000 -- --
09/08/2021 09/08/21 For Sale $375,000 0.0% $424 / Sq Ft
11/01/2016 11/01/16 Rented $1,500 0.0% --
10/18/2016 10/18/16 Under Contract -- -- --
10/04/2016 10/04/16 Price Changed $1,500 -6.3% $2 / Sq Ft
09/19/2016 09/19/16 For Rent $1,600 +14.3% --
10/03/2013 10/03/13 Rented $1,400 0.0% --
10/03/2013 10/03/13 For Rent $1,400 -- --
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 $4,087 $394,500 $0 $394,500
2024 $4,014 $381,200 $0 $381,200
2023 $3,992 $358,000 $0 $358,000
2022 $3,944 $317,300 $0 $317,300
2021 $3,934 $301,900 $0 $301,900
2020 $4,360 $325,400 $0 $325,400
2019 $4,223 $295,300 $0 $295,300
2018 $3,927 $273,400 $0 $273,400
2017 $3,674 $235,500 $0 $235,500
2016 $2,687 $166,100 $0 $166,100
2015 $2,461 $146,900 $0 $146,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72891590

MLS Property Information Network (MLS PIN)

APN: LYNN-000069-000642-000013-000025-000025