NOT LISTED FOR SALE

7 Central Square Unit 501 Lynn, MA 01901

Downtown Lynn Neighborhood

Estimated Value: $290,000 - $326,000

2 Beds
1 Bath
677 Sq Ft
8,712 Sq Ft Lot Lot

Sale Details

Date Sold: March 6, 2019

Last sale price $209,000 $309 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $2,230 / mo

127 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 March 2019

Live 24 minutes from Boston, a mile from the ocean, and in the heart of Lynn's vibrant Downtown Cultural District! This rare top-floor, 2-bedroom corner unit has soaring ceilings and enormous windows with panoramic views—including High Rock Tower, five murals, and a peek of the ocean. Be steps away from the MBTA commuter rail and enjoy a range of public transportation options. A short drive from Logan Airport, too. With this unit's sweeping open concept, the lucky owner will experience authentic loft living, including a skylight, new flooring in bedrooms, 5 newer windows, newer water heater, new garbage disposal and new dishwasher. Join Lynn's downtown renaissance with top restaurants, bakeries, cafes, cultural events, and shops—all a stone's throw from your new home! Close to North Shore Community College and Lynn, Nahant, and Swampscott beaches. In-building laundry, pets allowed with condo association approval, and parking available on street, nearby lots and MBTA garage.

Last Agent to Sell the Property

Carol Curley

Century 21 North East Homes Listed on: 09/06/2018

Co-Listed By

Eileen Jonah

Century 21 North East

Last Buyer's Agent

Karen Cashman

Cashman Real Estate License #454501211

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1903

Lot Details

  • 8,712

HOA Fees

  • $393 per month

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • 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

Listing and Financial Details

  • Assessor Parcel Number M:082 B:624 L:010 S:015

Property Details

Home Type

Condominium

Year Built

Built in 1903

Lot Details

8,712 Sq Ft Lot

HOA Fees

$393 per month

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: Mid-Rise
  • Other Agent: 2.00
  • Year Built Description: Approximate, Renovated Since
  • List Price Per Sq Ft: 295.27
  • Comp Based On: Net Sale Price
  • Year Built: 1903
  • Lead Paint: Unknown
  • Unit Building: 501
  • Unit Level: 5
  • Unit Placement: Top/Penthouse
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1903

Interior Features

  • Flooring: Wood, Tile, Hardwood
  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
  • No Bedrooms: 2
  • Master Bedroom: On Level: First Floor, Dimension: 14X12, Recessed Lighting
  • Bedroom 2: On Level: First Floor, Dimension: 11X9, Recessed Lighting
  • Full Bathrooms: 1
  • No Rooms: 4
  • Kitchen: On Level: First Floor, Dimension: 8X7, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Recessed Lighting
  • Living Room: On Level: First Floor, Dimension: 17X12, Skylight, Flooring - Hardwood, Flooring - Wood
  • Basement: Y
  • No Living Levels: 5
  • Main Lo: C95102
  • Main So: AC0849
  • Estimated Sq Ft: 677.00

Exterior Features

  • Beach Ownership: Public
  • Beachfront Flag: Yes
  • Beach Miles To: 1/2 to 1 Mile
  • Construction: Frame, Brick
  • Roof Material: Rubber
  • Exterior: Brick
  • Exterior Unit Features: City View(s)

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Sewage District: Lynn
  • Cooling: Central Air
  • Cooling Zones: 1
  • Heating: Forced Air, Gas
  • Heat Zones: 1

Condo/Co-op/Association

  • Fee Interval: Monthly
  • Amenities: Public Transportation, Shopping, Laundromat, House of Worship, Marina, Private School, Public School, T-Station
  • HOA Fees: 393.00
  • Association Fee Includes: Water, Sewer, Master Insurance, Laundry Facilities, Elevator, Refuse Removal
  • Condo Association: Yes
  • Association Security: Intercom
  • Management: Professional - Off Site

Association/Amenities

  • Condominium Name: Lofts at Central Square Condominium

Lot Info

  • Assessments: 148900.00
  • Acre: 0.20
  • Lot Size: 8540.00
  • Page: 206
  • Parcel Number: M:082 B:624 L:010 S:015
  • Zoning: CBD

Rental Info

  • Pets Allowed: Yes w/ Restrictions

Tax Info

  • Taxes: 2256.00
  • Assessor Parcel Number: 4625592

Multi Family

  • No Units: 22
  • No Units Owner Occ: 13

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2018
Closed on
Mar 4, 2019
Sold by
Bought by
Seller's Agent
Carol Curley
Century 21 North East Homes
Buyer's Agent
Karen Cashman
Cashman Real Estate
List Price
$219,900
Sold Price
$209,000
Premium/Discount to List
-$10,900
-4.96%
Current Estimated Value
$300,487

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,487
Avg. Annual Appreciation
5.10%
Original Mortgage
$213,493
Outstanding Balance
$186,934
Interest Rate
4.4%
Mortgage Type
VA
Estimated Equity
$113,553

Purchase Details

Closed on
May 1, 2015
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
3.76%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 30, 2006
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
6.58%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$209,000 --
-- --
-- --
$185,000 --
$185,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $213,493
Previous Owner $155,000
Previous Owner $175,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/06/2019 03/06/19 Sold $209,000 +4.6% $309 / Sq Ft
01/11/2019 01/11/19 Pending -- -- --
01/03/2019 01/03/19 Price Changed $199,900 -8.7% $295 / Sq Ft
11/26/2018 11/26/18 Price Changed $219,000 -0.4% $323 / Sq Ft
11/06/2018 11/06/18 For Sale $219,900 0.0% $325 / Sq Ft
09/17/2018 09/17/18 Pending -- -- --
09/06/2018 09/06/18 For Sale $219,900 -- $325 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $2,598 $250,800 $0 $250,800
2024 $2,490 $236,500 $0 $236,500
2023 $2,296 $205,900 $0 $205,900
2022 $2,276 $183,100 $0 $183,100
2021 $2,575 $197,600 $0 $197,600
2020 $2,372 $177,000 $0 $177,000
2019 $2,484 $173,700 $0 $173,700
2018 $2,272 $148,900 $0 $148,900
2017 $2,200 $141,000 $0 $141,000
2016 $1,917 $118,500 $0 $118,500
2015 $1,888 $112,700 $0 $112,700
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2019

    Carol Curley

    Century 21 North East Homes

    (617) 347-8910

    9 Total Sales

    Carol Curley
    Section Image
  • Eileen Jonah

    Seller Co-Listing Agent in 2019

    Eileen Jonah

    Century 21 North East

    (781) 718-7665

    1 in this area

    102 Total Sales

    Eileen Jonah
    Section Image

  • K

    Buyer's Agent in 2019

    Karen Cashman

    Cashman Real Estate

    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72390236

MLS Property Information Network (MLS PIN)

APN: LYNN-000082-000624-000010-000015-000015

Massachusetts Essex County Lynn 01901 Downtown Lynn

7 Central Square Unit 501, Lynn, MA

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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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