NOT LISTED FOR SALE

7 Central Square Unit 203 Lynn, MA 01901

Downtown Lynn Neighborhood

Estimated Value: $282,000 - $305,552

1 Bed
1 Bath
855 Sq Ft
8,538 Sq Ft Lot

Last Sold June 24, 2019

Last sale price $170,000 $199 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $1,823/month

73 Days on Market

Highlights

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

About This Home

As of June 2019

A COMMUTER DREAM !!! Great one bedroom condo at the Lofts of Central Square! This unit includes : an open floor plan, high ceilings, fully applianced upgraded kitchen, good sized bedroom with large walk-in closet, central air and more. Laundry room on each floor. Pet friendly. Located steps to Commuter Rail with two stops to Boston. Walking distance to the ocean. Close to Logan Airport. Easy access to 1/1A/129/95. Next to Downtown Lynn's popular restaurants, shops, pubs, cafes, beaches, farmer's market, grocery stores, North Shore college and much more. ATTENTION INVESTORS : THIS UNIT MAY BE PURCHASED AS A PACKAGE WITH UNITS 307 (MLS 72454334) FOR $400,000.

Last Agent to Sell the Property

Sima Rotenberg

William Raveis R.E. & Home Services Listed on: 02/18/2019

William Raveis R.E. & Home Services

Last Buyer's Agent

Ping Chen

Senne License #449588178

Senne

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,189

Year Built

  • Built in 1903

Lot Details

  • 8,538

Kitchen

  • Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Additional Features

  • Basement

Community Details

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,189

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: Mid-Rise
  • Other Agent: 2.00
  • Year Built Description: Actual
  • List Price Per Sq Ft: 204.56
  • Comp Based On: Net Sale Price
  • Year Built: 1903
  • Lead Paint: Unknown
  • Unit Building: 203
  • Unit Level: 2
  • Unit Placement: Middle
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1903

Interior Features

  • Flooring: Tile, Wall to Wall Carpet, Hardwood
  • Appliances: Range, Dishwasher, Disposal, Refrigerator
  • No Bedrooms: 1
  • Master Bedroom: On Level: Second Floor, Closet - Walk-in, Flooring - Wall to Wall Carpet
  • Full Bathrooms: 1
  • Bathroom 1: On Level: Second Floor
  • Bathroom 2: Bathroom - With Tub & Shower, Closet - Linen
  • No Rooms: 3
  • Kitchen: On Level: Second Floor, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Cabinets - Upgraded
  • Living Room: On Level: Second Floor, Flooring - Hardwood
  • Basement: Y
  • No Living Levels: 2
  • Main Lo: C58300
  • Main So: B99241
  • Estimated Sq Ft: 855.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Beach Miles To: 1 to 2 Mile
  • Construction: Brick
  • Roof Material: Rubber
  • Exterior: Brick
  • Insulation Feature: Full

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Cooling: Central Air
  • Heating: Forced Air, Gas

Condo/Co-op/Association

  • HOA Fees: 393.00
  • Association Fee Includes: Water, Sewer, Master Insurance, Security, Laundry Facilities, Elevator, Exterior Maintenance, Snow Removal, Reserve Funds
  • Condo Association: Yes
  • Association Security: Intercom
  • Management: Professional - Off Site

Association/Amenities

  • Condominium Name: Lofts at 7 Central Square Condominium

Lot Info

  • Assessments: 205500.00
  • Page: 544
  • Zoning: residentia

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Taxes: 2938.65
  • Assessor Parcel Number: 4625593

Multi Family

  • No Units: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 18, 2019
Closed on
Jun 13, 2019
Sold by
7 Central Square Llc
Bought by
Millan Hernan
Seller's Agent
Sima Rotenberg
William Raveis R.E. & Home Services
Buyer's Agent
Ping Chen
Senne
List Price
$199,900
Sold Price
$170,000
Premium/Discount to List
-$29,900
-14.96%
Current Estimated Value
$294,888

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$124,888
Avg. Annual Appreciation
9.20%
Original Mortgage
$144,500
Outstanding Balance
$127,576
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$167,312

Purchase Details

Closed on
Aug 11, 2015
Sold by
Boston Congress Street
Bought by
7 Central Square Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,510,000
Interest Rate
4.03%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Millan Hernan $170,000 --
Millan Hernan $170,000 --
7 Central Square Llc $900,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Millan Hernan $144,500
Closed Millan Hernan $144,500
Previous Owner 7 Central Square Llc $5,510,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2019 06/24/19 Sold $170,000 -2.8% $199 / Sq Ft
05/02/2019 05/02/19 Pending -- -- --
03/20/2019 03/20/19 Price Changed $174,900 -12.5% $205 / Sq Ft
02/18/2019 02/18/19 For Sale $199,900 -- $234 / 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 $3,189 $307,800 $0 $307,800
2024 $3,177 $301,700 $0 $301,700
2023 $3,159 $283,300 $0 $283,300
2022 $3,120 $251,000 $0 $251,000
2021 $3,298 $253,100 $0 $253,100
2020 $3,221 $240,400 $0 $240,400
2019 $3,639 $254,500 $0 $254,500
2018 $2,293 $150,600 $0 $150,600
2017 $2,218 $142,200 $0 $142,200
2016 $1,927 $119,100 $0 $119,100
2015 -- $113,000 $0 $113,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72454344

MLS Property Information Network (MLS PIN)

APN: LYNN-000082-000624-000010-000005-000005