S
Seller's Agent in 2021
Soraya Cacici
Nest Forward
589 Essex St Unit 404 Lynn, MA 01901
Central Lynn Neighborhood
2
Beds
1
Bath
1,155
Sq Ft
0.58
Acres
About This Home
As of June 2021FHA approved! Deeded roof rights/garage parking. This top-floor, 2 bed/1 bath, brick/beam 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: 05/23/2017
Last Buyer's Agent
Soraya Cacici
Nest Forward Listed on: 05/23/2017
Property Details
Home Type
Condominium
Est. Annual Taxes
$4,538
Year Built
1823
Lot Details
0
Listing Details
- Unit Level: 4
- Unit Placement: Upper, Middle
- Property Type: Condominium/Co-Op
- CC Type: Condo
- Style: Mid-Rise
- Other Agent: 2.50
- Handicap Access: Yes
- Lead Paint: Unknown
- Year Built Description: Approximate
- Special Features: None
- Property Sub Type: Condos
- Year Built: 1823
Interior Features
- Has Basement: No
- Number of Rooms: 3
- 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, Other (See Remarks)
- Flooring: Wood, Tile, Wall to Wall Carpet
- Interior Amenities: Intercom
- No Bedrooms: 2
- Full Bathrooms: 1
- No Living Levels: 1
- Main Lo: AC0684
- Main So: AC0684
Exterior Features
- Construction: Brick, Post & Beam
- Exterior: Brick
- Beach Ownership: Public
Garage/Parking
- Garage Parking: Under, Deeded, Assigned
- Garage Spaces: 2
- Parking: Off-Street, Assigned, Deeded
- Parking Spaces: 0
Utilities
- 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, Exterior Maintenance, Snow Removal, Extra Storage, Reserve Funds
- Association Security: Intercom
- Management: Professional - Off Site, Owner Association
- Pets Allowed: Yes w/ Restrictions
- No Units: 32
- Unit Building: 404
Fee Information
- Fee Interval: Monthly
Lot Info
- Assessor Parcel Number: M:069 B:642 L:013 S:026
- Zoning: BD
- Acre: 0.58
- Lot Size: 25425.00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 20, 2021
Closed on
Jun 15, 2021
Sold by
Bumsted Mary E
Bought by
Choi Jeesu and Tangkhar Tenzin
Seller's Agent
Soraya Cacici
Nest Forward
Buyer's Agent
Rajit Shrestha
360 Realty LLC
List Price
$389,900
Sold Price
$405,000
Premium/Discount to List
$15,100
3.87%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,038
Avg. Annual Appreciation
4.25%
Original Mortgage
$364,500
Outstanding Balance
$333,582
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$149,906
Purchase Details
Listed on
May 23, 2017
Closed on
Aug 31, 2017
Sold by
Smithson Nigel
Bought by
Bumsted Mary E
Seller's Agent
Soraya Cacici
Nest Forward
Buyer's Agent
Soraya Cacici
Nest Forward
List Price
$325,000
Sold Price
$309,999
Premium/Discount to List
-$15,001
-4.62%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.31%
Original Mortgage
$247,900
Interest Rate
3.96%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 25, 2005
Sold by
589 Essex Llc
Bought by
Smithson Nigel
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$303,125
Interest Rate
5.72%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Not Resolvable | $405,000 | None Available | |
| Not Resolvable | $309,999 | -- | |
| Deed | $312,500 | -- | |
| Deed | $312,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $364,500 | Purchase Money Mortgage | |
| Closed | $364,500 | Purchase Money Mortgage | |
| Previous Owner | $125,000 | Unknown | |
| Previous Owner | $247,900 | New Conventional | |
| Previous Owner | $303,125 | Purchase Money Mortgage | |
| Previous Owner | $9,375 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/15/2021 06/15/21 | Sold | $405,000 | +3.9% | $351 / Sq Ft |
| 04/28/2021 04/28/21 | Pending | -- | -- | -- |
| 04/20/2021 04/20/21 | For Sale | $389,900 | +25.8% | $338 / Sq Ft |
| 08/31/2017 08/31/17 | Sold | $309,999 | 0.0% | $268 / Sq Ft |
| 07/18/2017 07/18/17 | Pending | -- | -- | -- |
| 07/14/2017 07/14/17 | Price Changed | $309,999 | -2.8% | $268 / Sq Ft |
| 06/15/2017 06/15/17 | Price Changed | $319,000 | -1.8% | $276 / Sq Ft |
| 05/23/2017 05/23/17 | For Sale | $325,000 | -- | $281 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
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 | $4,538 | $438,000 | $0 | $438,000 |
| 2024 | $4,344 | $412,500 | $0 | $412,500 |
| 2023 | $4,321 | $387,500 | $0 | $387,500 |
| 2022 | $4,470 | $359,600 | $0 | $359,600 |
| 2021 | $4,416 | $338,900 | $0 | $338,900 |
| 2020 | $4,599 | $343,200 | $0 | $343,200 |
| 2019 | $4,294 | $300,300 | $0 | $300,300 |
| 2018 | $4,230 | $278,500 | $0 | $278,500 |
| 2017 | $4,093 | $262,400 | $0 | $262,400 |
| 2016 | $3,560 | $220,000 | $0 | $220,000 |
| 2015 | $3,261 | $194,700 | $0 | $194,700 |
Source: Public Records
Agents Affiliated with this Home
-
-
Rajit Shrestha
Buyer's Agent in 2021
Rajit Shrestha
360 Realty LLC
(617) 824-0724
1 in this area
145 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72169500
APN: LYNN-000069-000642-000013-000026-000026
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