NOT LISTED FOR SALE

7 Central Square Unit 503 Lynn, MA 01901

Downtown Lynn Neighborhood

Estimated Value: $251,000 - $278,000

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

Last Sold May 16, 2022

Last sale price $230,000 $354 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $1,633/month

1 Day on Market

Highlights

  • Waterfront
  • 4-minute walk to Lynn
  • High-Rise Condominium
  • Forced Air Heating and Cooling System
  • Laundry Facilities
  • 1-minute walk to Lynn Heritage State Park

About This Home

As of May 2022

Welcome to your stylish retreat at The Lofts at 7 Central, a fully furnished sun-filled, top-floor condo that blends historic charm with modern convenience. Just 20 minutes to Boston by train and only 1 mile to the ocean, this unit offers unbeatable location and lifestyle.

Features include soaring ceilings with skylights, oversized windows framing the cityscape of Central Square, a sleek galley kitchen, and a spacious open-concept layout ideal for entertaining or working from home. Recent upgrades include a modernized bathroom, newer hot water heater, and plush bedroom carpeting for added comfort.

Enjoy pet-friendly living with secure nearby garage parking, all within a well-managed building with a strong, engaged owner’s association.

Situated in the heart of revitalized Downtown Lynn, you’re steps from the commuter rail, restaurants, coffee shops, bars, beaches, arts scene, farmer’s market, and more. With affordability and urban vibrancy, this location offers a smart alternative to Boston living—without compromising on access or amenities.

Last Agent to Sell the Property

Gary Fikes

MP Signature Realty LLC Listed on: 03/18/2022

Last Buyer's Agent

Kevin Ochoa

United Brokers

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,809

Year Built

  • Built in 1903

Lot Details

  • 8,538

Home Design

  • 650 Sq Ft Home

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Additional Features

  • Waterfront
  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 4668265

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include water, sewer, insurance, maintenance structure, ground maintenance, snow removal
  • 18 Units
  • High-Rise Condominium
  • 5-Story Property

Amenities

  • Laundry Facilities

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,809

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: High-Rise
  • Year Built: 1903
  • Buyer Agency: 2%
  • Buyer Agency Type: %
  • Entry Level: 5
  • Transaction Broker: 2%
  • Transaction Broker Type: %
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • Special Features: VirtualTour
  • Stories: 5

Interior Features

  • Fireplace YN: No
  • Total Bedrooms: 1
  • Full Bathrooms: 1
  • Total Bathrooms: 1
  • Total Bathrooms: 1
  • Master Bathroom Features: No
  • Living Area: 650
  • Stories Total: 5
  • MAIN LO: AN4267
  • LIST PRICE PER Sq Ft: 346
  • PRICE PER Sq Ft: 353.85
  • MAIN SO: BB9067

Exterior Features

  • Waterfront Features: Beach Front
  • Waterfront YN: Yes

Garage/Parking

  • Garage YN: No

Utilities

  • Sewer: Public Sewer
  • Cooling: Central Air
  • Heating: Forced Air
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Laundry
  • Association Fee: 362
  • Association YN: Yes
  • UNIT BUILDING: 503

Fee Information

  • Association Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal

Lot Info

  • Parcel Number: 4668265
  • Zoning: CBD
  • Farm Land Area Units: Square Feet
  • Lot Size Units: Acres
  • Property Attached YN: Yes
  • PAGE: 179

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 2809.27
  • Tax Book Number: 27047

Multi Family

  • Number Of Units Total: 18
  • Basement Included Sq Ft: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2022
Closed on
May 16, 2022
Sold by
Coyne John F
Bought by
Mathew Idicula S
Seller's Agent
Gary Fikes
MP Signature Realty LLC
Buyer's Agent
Kevin Ochoa
United Brokers
List Price
$224,900
Sold Price
$230,000
Premium/Discount to List
$5,100
2.27%
Current Estimated Value
$259,892

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,892
Avg. Annual Appreciation
3.90%
Original Mortgage
$172,500
Outstanding Balance
$164,869
Interest Rate
5.3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$95,023

Purchase Details

Closed on
Jul 25, 2007
Sold by
Central Square Rt and Grigsby Taran
Bought by
Coyne John F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,873
Interest Rate
6.78%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Mathew Idicula S $230,000 None Available
Mathew Idicula S $230,000 None Available
Coyne John F $134,900 --
Coyne John F $134,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mathew Idicula S $172,500
Closed Mathew Idicula S $172,500
Previous Owner Coyne John F $103,873
Previous Owner Coyne John F $26,980
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2025 07/03/25 Off Market $1,900 -- --
05/30/2025 05/30/25 For Rent $1,900 0.0% --
05/16/2022 05/16/22 Sold $230,000 +2.3% $354 / Sq Ft
03/20/2022 03/20/22 Pending -- -- --
03/18/2022 03/18/22 For Sale $224,900 -- $346 / 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 $2,310 $223,000 $0 $223,000
2024 $2,304 $218,800 $0 $218,800
2023 $2,480 $222,400 $0 $222,400
2022 $2,656 $213,700 $0 $213,700
2021 $2,809 $215,600 $0 $215,600
2020 $2,748 $205,100 $0 $205,100
2019 $3,102 $216,900 $0 $216,900
2018 $1,962 $128,500 $0 $128,500
2017 $1,900 $121,800 $0 $121,800
2016 $1,658 $102,500 $0 $102,500
2015 $1,630 $97,300 $0 $97,300
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2022

    Gary Fikes

    MP Signature Realty LLC

    (260) 402-7448

    1 in this area

    6 Total Sales

    Gary Fikes
    Section Image
  • Kevin Ochoa

    Buyer's Agent in 2022

    Kevin Ochoa

    United Brokers

    (857) 753-7184

    2 in this area

    46 Total Sales

    Kevin Ochoa
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72954914

MLS Property Information Network (MLS PIN)

APN: LYNN-000082-000624-000010-000017-000017

Massachusetts Essex County Lynn 01901 Downtown Lynn

7 Central Square Unit 503, Lynn, MA

This home is located at 7 Central Square Unit 503, Lynn, MA 01901 since 18 March 2022 and is currently estimated at $259,892, approximately $399 per square foot. This property was built in 1903. 7 Central Square Unit 503 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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