NOT LISTED FOR SALE

87 Broad St Unit 1 Lynn, MA 01902

Diamond District Neighborhood

Estimated Value: $429,314 - $450,000

3 Beds
2 Baths
1,244 Sq Ft
$287/mo HOA Fee

Last Sold May 28, 2024

Last sale price $408,000 $328 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,925/month

5 Days on Market

Highlights

  • 0.18 Acre Lot
  • Window Unit Cooling System
  • Baseboard Heating

About This Home

As of May 2024

Large 3 Bedroom, 2 Full Bathroom, and 1244 square foot condo with a Separate Living Room and Dining Room plus One Off- Street Parking Spot. This First Floor unit features Hardwood Floors throughout, a Modern Kitchen, Shared Yard Space, and Laundry Hookups in the Basement. Walk to local shops, restaurants, and the Beach is close by. Commuter rail is right around to the corner for easy access to Downtown Boston...Staged pictures of the living room and one bedroom are from Unit 2 in this building which is the same exact layout as this condo. This condo is not staged and currently has tenants living in the unit with their furniture. Tenants will be vacating in 60 days

Last Agent to Sell the Property

Sean Connolly

RE/MAX 360 Listed on: 03/13/2024

RE/MAX 360

Co-Listed By

Connolly Gallo Team

RE/MAX 360

Last Buyer's Agent

Sarah MacBurnie

Ocean's Edge Real Estate

Ocean's Edge Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,726

Year Built

  • Built in 1900

Lot Details

  • 7,841

HOA Fees

  • $287 Monthly HOA Fees

Parking

  • 1 Car Parking Space

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 1,244 Sq Ft Home
  • 1-Story Property
  • Basement

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Baseboard Heating

Listing and Financial Details

  • Assessor Parcel Number M:082 B:598 L:014 S:001,4698833

Community Details

Overview

  • Association fees include water, sewer, insurance, ground maintenance, snow removal, reserve funds
  • 5 Units

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,726

Year Built

Built in 1900

Lot Details

0

HOA Fees

$287 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Structure Type: 2/3 Family
  • Year Built: 1900
  • Entry Level: 1
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 1

Interior Features

  • Entry Location: Unit Placement(Street)
  • Fireplace YN: No
  • Total Bedrooms: 3
  • Full Bathrooms: 2
  • Total Bathrooms: 2
  • Basement: Y
  • Living Area: 1244
  • Spa YN: No
  • Stories Total: 1
  • MAIN LO: AN4305
  • MAIN SO: AN8447

Exterior Features

  • Home Warranty YN: No
  • Waterfront Features: Beach Front, Ocean, 1/2 to 1 Mile To Beach, Beach Ownership(Public)
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Total Parking Spaces: 1

Utilities

  • Sewer: Public Sewer
  • Cooling: Window Unit(s)
  • Heating: Baseboard, Natural Gas
  • Cooling Y N: Yes
  • Heating YN: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 287
  • Association Fee Frequency: Monthly
  • Senior Community YN: No
  • ResoAssociationFeeFrequency: Monthly

Fee Information

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

Lot Info

  • Parcel Number: M:082 B:598 L:014 S:001,4698833
  • Zoning: R5
  • Farm Land Area Units: Square Feet
  • Lot Size Acres: 0.18
  • Lot Size Sq Ft: 7967
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 2726

Multi Family

  • Number Of Units Total: 5
  • Basement Included Sq Ft: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2024
Closed on
May 28, 2024
Sold by
Liebman Eric M and Strauss Gilly
Bought by
Norris William D
Seller's Agent
Sean Connolly
RE/MAX 360
Buyer's Agent
Sarah MacBurnie
Ocean's Edge Real Estate
List Price
$419,900
Sold Price
$408,000
Premium/Discount to List
-$11,900
-2.83%
Views
149
Current Estimated Value
$439,579

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,579
Avg. Annual Appreciation
4.99%
Original Mortgage
$324,000
Outstanding Balance
$319,358
Interest Rate
7.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$120,221

Purchase Details

Closed on
Nov 17, 2009
Sold by
Delacruz Medelin
Bought by
87-89 Broad Street Rt and Liebman

Purchase Details

Closed on
Feb 23, 2007
Sold by
87-89 Broad St Condo T and Liebman
Bought by
Delacruz Medelin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,500
Interest Rate
6.23%
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

Date Buyer Sale Price Title Company
Norris William D $408,000 None Available
Norris William D $408,000 None Available
87-89 Broad Street Rt $75,000 --
87-89 Broad Street Rt $75,000 --
Delacruz Medelin $191,000 --
Delacruz Medelin $191,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Norris William D $324,000
Closed Norris William D $324,000
Previous Owner Delacruz Medelin $195,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2024 05/28/24 Sold $408,000 -2.8% $328 / Sq Ft
03/19/2024 03/19/24 Pending -- -- --
03/13/2024 03/13/24 For Sale $419,900 -- $338 / 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 $3,984 $384,600 $0 $384,600
2024 $2,726 $258,900 $0 $258,900
2023 $2,428 $217,800 $0 $217,800
2022 $2,352 $189,200 $0 $189,200
2021 $2,332 $179,000 $0 $179,000
2020 $1,960 $146,300 $0 $146,300
2019 $1,965 $137,400 $0 $137,400
2018 $1,971 $130,100 $0 $130,100
2017 $1,830 $117,300 $0 $117,300
2016 $1,814 $112,100 $0 $112,100
2015 $1,648 $98,400 $0 $98,400
Source: Public Records

Agents Affiliated with this Home

  • Sean Connolly

    Seller's Agent in 2024

    Sean Connolly

    RE/MAX 360

    (614) 327-2093

    5 in this area

    46 Total Sales

    Sean Connolly
    Section Image
  • Connolly Gallo Team

    Seller Co-Listing Agent in 2024

    Connolly Gallo Team

    RE/MAX 360

    (978) 808-6718

    5 in this area

    75 Total Sales

    Connolly Gallo Team
    Section Image
  • Sarah MacBurnie

    Buyer's Agent in 2024

    Sarah MacBurnie

    Ocean's Edge Real Estate

    (978) 337-9955

    1 in this area

    85 Total Sales

    Sarah MacBurnie
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73211546

MLS Property Information Network (MLS PIN)

APN: LYNN-000082-000598-000014-000001-000001

Massachusetts Essex County Lynn 01902 Diamond District

87 Broad St Unit 1, Lynn, MA

Not Listed for Sale

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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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