S
Seller's Agent in 2024
Soraya Cacici
Nest Forward
589 Essex St Unit 407 Lynn, MA 01901
Central Lynn NeighborhoodEstimated Value: $378,000 - $426,000
1
Bed
1
Bath
936
Sq Ft
$362/mo
HOA Fee
Highlights
- Marina
- Medical Services
- Open Floorplan
- Golf Course Community
- 0.58 Acre Lot
- Deck
About This Home
As of June 2024Your North Shore lifestyle awaits at sought-after Sloan Machinery Lofts! Top floor unit w/deeded roof rights and parking, in-unit laundry w/storage, and large walk-in closet. This beautifully designed brick-and-beam industrial loft offers a versatile open concept layout w/dramatic 12’ ceilings, warm oak floors, and oversized windows, creating an airy, light-filled space. Fully applianced kitchen. Professionally managed HOA w/high owner occupancy and healthy financials. Recent $9,500 unit assessment paid in full for new roof. Pet friendly and FHA approved. Experience the neighborhood's diverse businesses, eateries, museums, art galleries, murals, and farmer's market. Downtown Lynn's Commuter Rail offers a quick 20 minute train ride to Boston! Walkable to the ocean and beaches along the gorgeous stretch of Lynn Shore/Nahant Beach Coastal Reservation. Don't miss The Northern Strand Bike Trail, majestic Lynn Woods, and Gannon Golf Course. Easy access to Logan Airport and major highways.
Last Agent to Sell the Property
Soraya Cacici
Nest Forward Listed on: 05/28/2024
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,230
Year Built
- Built in 1892
Lot Details
- Near Conservation Area
- End Unit
- Two or More Common Walls
HOA Fees
- $362 Monthly HOA Fees
Home Design
- Post and Beam
- Entry on the 4th floor
- Brick Exterior Construction
Interior Spaces
- 936 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Ceiling Fan
- Entryway
- Dining Area
- Storage Room
- Intercom
Kitchen
- Stove
- Range
- Microwave
- Freezer
- Dishwasher
- Stainless Steel Appliances
- Kitchen Island
- Solid Surface Countertops
- Disposal
Flooring
- Wood
- Ceramic Tile
Bedrooms and Bathrooms
- 1 Primary Bedroom on Main
- Walk-In Closet
- 1 Full Bathroom
- Bathtub with Shower
- Linen Closet In Bathroom
Laundry
- Laundry on main level
- Dryer
- Washer
Parking
- 1 Car Parking Space
- Paved Parking
- Open Parking
- Off-Street Parking
- Deeded Parking
- Assigned Parking
Accessible Home Design
- Level Entry For Accessibility
Outdoor Features
- Walking Distance to Water
- Deck
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
- Individual Controls for Heating
Listing and Financial Details
- Assessor Parcel Number M:069 B:642 L:013 S:029,4562870
Community Details
Overview
- Association fees include water, sewer, insurance, maintenance structure, snow removal, trash, reserve funds
- 32 Units
- Mid-Rise Condominium
- Sloan Machinery Lofts Community
Amenities
- Medical Services
- Common Area
- Shops
- Elevator
Recreation
- Marina
- Golf Course Community
- Community Pool
- Park
- Jogging Path
- Bike Trail
Pet Policy
- Call for details about the types of pets allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Aug 28, 2024
Sold by
Strowman Laura B
Bought by
Laura B Strowman Ret and Strowman
Current Estimated Value
Purchase Details
Listed on
May 28, 2024
Closed on
Jun 28, 2024
Sold by
Chagnon Charlene M
Bought by
Strowman Laura B
Seller's Agent
Soraya Cacici
Nest Forward
Buyer's Agent
Janice Kostopoulos
Coldwell Banker Realty - Marblehead
List Price
$399,000
Sold Price
$405,000
Premium/Discount to List
$6,000
1.5%
Views
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
0.16%
Original Mortgage
$230,000
Interest Rate
7.02%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Sep 7, 2005
Sold by
589 Essex Llc
Bought by
Chagnon Charlene M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$154,200
Interest Rate
5.79%
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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Laura B Strowman Ret | -- | None Available | |
| Laura B Strowman Ret | -- | None Available | |
| Laura B Strowman Ret | -- | None Available | |
| Strowman Laura B | $405,000 | None Available | |
| Strowman Laura B | $405,000 | None Available | |
| Strowman Laura B | $405,000 | None Available | |
| Chagnon Charlene M | $247,200 | -- | |
| Chagnon Charlene M | $247,200 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Strowman Laura B | $230,000 | |
| Previous Owner | Chagnon Charlene M | $260,000 | |
| Previous Owner | Chagnon Charlene M | $154,200 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/28/2024 06/28/24 | Sold | $405,000 | +1.5% | $433 / Sq Ft |
| 06/03/2024 06/03/24 | Pending | -- | -- | -- |
| 05/28/2024 05/28/24 | For Sale | $399,000 | -- | $426 / 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 | $4,205 | $405,900 | $0 | $405,900 |
| 2024 | $4,230 | $401,700 | $0 | $401,700 |
| 2023 | $4,206 | $377,200 | $0 | $377,200 |
| 2022 | $4,154 | $334,200 | $0 | $334,200 |
| 2021 | $4,141 | $317,800 | $0 | $317,800 |
| 2020 | $4,590 | $342,500 | $0 | $342,500 |
| 2019 | $4,446 | $310,900 | $0 | $310,900 |
| 2018 | $4,359 | $287,700 | $0 | $287,700 |
| 2017 | $3,863 | $247,600 | $0 | $247,600 |
| 2016 | $2,822 | $174,400 | $0 | $174,400 |
| 2015 | $2,581 | $154,100 | $0 | $154,100 |
Source: Public Records
Agents Affiliated with this Home
-
-
Janice Kostopoulos
Buyer's Agent in 2024
Janice Kostopoulos
Coldwell Banker Realty - Marblehead
(617) 365-6316
1 in this area
26 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73243211
APN: LYNN-000069-000642-000013-000029-000029
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