NOT LISTED FOR SALE

7 Central Square Unit 201 Lynn, MA 01901

Downtown Lynn Neighborhood

Estimated Value: $291,000 - $380,000

1 Bed
1 Bath
844 Sq Ft
$414/mo HOA Fee

Last Sold July 13, 2018

Last sale price $243,000 $288 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $2,526/month

27 Days on Market

Highlights

  • Wood Flooring
  • 4-minute walk to Lynn
  • 1-minute walk to Lynn Heritage State Park
  • Intercom
  • Forced Air Heating and Cooling System

About This Home

As of July 2018

A commuter's dream! Steps to Commuter Rail with two stops to Boston or 35 minutes to Boston on Lynn's Commuter Ferry. 1 mile to the ocean! 9.5 miles to Logan Airport and easy access to 1/1A/129/95. This end-unit fills with natural light and includes an open floor plan, high ceilings, dramatic oversized floor-to-ceiling windows with views of Central Square's impressive architecture, adjacent rented parking, pet friendly, and a very strong owner's association. With Boston prices soaring, Coastal Lynn offers a competitive edge of affordability and livability within ten miles to Downtown Boston. Governor Baker's economic development team has their eyes on Lynn, and you should too! Downtown Lynn's vibrant urban scene offers walkability to popular restaurants, shops, pubs, cafes, brewery, beaches, farmer's market, community gardens, grocery stores, theatre, library, museum, the arts/murals, and so much more! Lynn Woods is also not to be missed! Seller will pay for one year of parking.

Last Agent to Sell the Property

Soraya Cacici

Nest Forward Listed on: 05/10/2018

Co-Listed By

Betsy Williams

Century 21 North East

Last Buyer's Agent

Elizabeth Bain

Commonwealth Standard Realty Advisors

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,158

Year Built

  • Built in 1903

Lot Details

  • 8,712

HOA Fees

  • $414 per month

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Utilities

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

Additional Features

  • Basement

Community Details

  • Call for details about the types of pets allowed

Listing and Financial Details

  • Assessor Parcel Number M:082 B:624 L:010 S:003

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,158

Year Built

Built in 1903

Lot Details

0

HOA Fees

$414 per month

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: Mid-Rise
  • Other Agent: 2.50
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 293.84
  • Comp Based On: Net Sale Price
  • Year Built: 1903
  • Lead Paint: Unknown
  • Unit Building: 201
  • Unit Level: 2
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1903

Interior Features

  • Flooring: Wood, Tile
  • Interior Amenities: Intercom
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer
  • No Bedrooms: 1
  • Master Bedroom: On Level: First Floor, Dimension: 14X12, Closet - Walk-in, Flooring - Wall to Wall Carpet, Window(s) - Bay/Bow/Box, Recessed Lighting
  • Full Bathrooms: 1
  • Bathroom 1: On Level: First Floor, Dimension: 7X8, Bathroom - Full
  • No Rooms: 3
  • Family Room: On Level: First Floor
  • Kitchen: On Level: First Floor, Dimension: 11X9, Flooring - Stone/Ceramic Tile, Window(s) - Bay/Bow/Box, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Open Floor Plan, Recessed Lighting
  • Living Room: On Level: First Floor, Dimension: 21X15, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Recessed Lighting
  • Basement: Y
  • Other Room 1: Name: Other, Dimension: 7X7, Closet - Walk-in, Flooring - Wall to Wall Carpet
  • No Living Levels: 1
  • Main Lo: AC0684
  • Main So: AN2589
  • Estimated Sq Ft: 844.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Beach Miles To: 1 to 2 Mile
  • Exterior: Brick

Garage/Parking

  • Parking Feature: Off-Street, Rented
  • Parking 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
  • HOA Fees: 414.00
  • Association Fee Includes: Water, Sewer, Master Insurance, Laundry Facilities, Elevator, Refuse Removal, Reserve Funds
  • Condo Association: Yes

Association/Amenities

  • Condominium Name: Lofts at Central Square Condominium

Lot Info

  • Assessments: 148900.00
  • Acre: 0.20
  • Lot Size: 8540.00
  • Page: 343
  • Parcel Number: M:082 B:624 L:010 S:003
  • Zoning: CBD

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Taxes: 2256.00
  • Assessor Parcel Number: 4626892

Multi Family

  • No Units: 22
  • No Units Owner Occ: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2018
Closed on
Jul 13, 2018
Sold by
Paul Ritmo Lt
Bought by
Jarvis Craig S
Seller's Agent
Soraya Cacici
Nest Forward
Buyer's Agent
Elizabeth Bain
Commonwealth Standard Realty Advisors
List Price
$259,900
Sold Price
$243,000
Premium/Discount to List
-$16,900
-6.5%
Current Estimated Value
$334,867

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,867
Avg. Annual Appreciation
4.68%
Original Mortgage
$233,000
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 15, 2015
Sold by
Ritmo Paul
Bought by
Paul Ritmo Lt

Purchase Details

Closed on
Jun 22, 2006
Sold by
Central Square Rt and Grigsby Taran
Bought by
Ritmo Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$166,237
Interest Rate
6.59%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Jarvis Craig S $243,000 --
Jarvis Craig S $243,000 --
Paul Ritmo Lt -- --
Paul Ritmo Lt -- --
Ritmo Paul $195,000 --
Ritmo Paul $195,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jarvis Craig S $226,450
Closed Jarvis Craig S $233,000
Previous Owner Ritmo Paul $166,237
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2018 07/13/18 Sold $243,000 -2.0% $288 / Sq Ft
06/06/2018 06/06/18 Pending -- -- --
05/23/2018 05/23/18 Price Changed $248,000 -4.6% $294 / Sq Ft
05/10/2018 05/10/18 For Sale $259,900 -- $308 / 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 $3,158 $304,800 $0 $304,800
2024 $3,147 $298,900 $0 $298,900
2023 $3,131 $280,800 $0 $280,800
2022 $3,084 $248,100 $0 $248,100
2021 $3,259 $250,100 $0 $250,100
2020 $3,185 $237,700 $0 $237,700
2019 $3,598 $251,600 $0 $251,600
2018 $2,256 $148,900 $0 $148,900
2017 $2,193 $140,600 $0 $140,600
2016 $1,906 $117,800 $0 $117,800
2015 -- $110,800 $0 $110,800
Source: Public Records

Agents Affiliated with this Home

  • Soraya Cacici

    Seller's Agent in 2018

    Soraya Cacici

    Nest Forward

    (781) 572-8725

    10 in this area

    39 Total Sales

    Soraya Cacici
    Section Image

  • B

    Seller Co-Listing Agent in 2018

    Betsy Williams

    Century 21 North East

    (800) 844-7653

    16 Total Sales

    Betsy Williams
    Section Image
  • Elizabeth Bain

    Buyer's Agent in 2018

    Elizabeth Bain

    Commonwealth Standard Realty Advisors

    (508) 954-1935

    233 Total Sales

    Elizabeth Bain
    Section Image
See All Agents

Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72324829

MLS Property Information Network (MLS PIN)

APN: LYNN-000082-000624-000010-000003-000003

Massachusetts Essex County Lynn 01901 Downtown Lynn

7 Central Square Unit 201, Lynn, MA

This home is located at 7 Central Square Unit 201, Lynn, MA 01901 since 10 May 2018 and is currently estimated at $334,867, approximately $396 per square foot. This property was built in 1903. 7 Central Square Unit 201 is a home located in Essex County with nearby schools including E.J. Harrington School, William R. Fallon School, and Fecteau-Leary Junior/Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MLS Property Information Network (MLS PIN) The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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