NOT LISTED FOR SALE

88 Franklin St Unit 301 Lynn, MA 01902

Central Lynn Neighborhood

Estimated Value: $507,465 - $547,000

2 Beds
2 Baths
2,242 Sq Ft
$399/mo HOA Fee

Last Sold April 30, 2021

Last sale price $405,000 $181 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $3,642/month

6 Days on Market

Highlights

  • Wood Flooring
  • Intercom
  • Forced Air Heating and Cooling System

About This Home

As of April 2021

Welcome to “Ladder 3 Lofts,” loft living with the amenities of a single-family, all within a 19th-century firehouse originally built in 1890 & converted into 15 residential lofts in 2005. This 2 bedroom, 2 bath Penthouse Unit, graciously distributes into 2000+ square feet of living space spread over 2 floors. Complete with hardwood floors, large windows & a flexible floor plan. Kitchen with granite tops & breakfast bar overlooking the open concept living area. In unit washer/dryer hookups. Each unit is heated & cooled by a hydronic-gas forced-air system, delivered by exposed spiral ductwork. Storage & Deeded 2 Car off-street parking, located directly in front of the building! Professionally managed, pet friendly association. Centrally located within close proximity to the Commuter Rail, Down Town, Restaurants, Lynn Woods Reservation, area Beaches & essential services.

Last Agent to Sell the Property

Pedro Calcano

William Raveis R.E. & Home Services Listed on: 03/10/2021

William Raveis R.E. & Home Services

Last Buyer's Agent

DINA E

LAER Realty Partners

LAER Realty Partners

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,284

Year Built

  • Built in 1890

Lot Details

  • 0.27

HOA Fees

  • $399 per month

Utilities

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

Additional Features

  • Wood Flooring
  • Laundry in unit
  • Basement

Listing and Financial Details

  • Assessor Parcel Number M:053 B:718 L:001 S:013

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,284

Year Built

Built in 1890

Lot Details

0

HOA Fees

$399 per month

Listing Details

  • Property Type: Condominium/Co-Op
  • CC Type: Condo
  • Style: Mid-Rise
  • Other Agent: 2.00
  • Year Built Description: Approximate
  • List Price Per Sq Ft: 169.05
  • Comp Based On: Net Sale Price
  • Year Built: 1890
  • Lead Paint: Unknown
  • Unit Building: 301
  • Unit Level: 3
  • Unit Placement: Top/Penthouse
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1890

Interior Features

  • Flooring: Hardwood
  • Interior Amenities: Intercom
  • No Bedrooms: 2
  • Master Bedroom: On Level: Third Floor
  • Bedroom 2: On Level: Fourth Floor
  • Full Bathrooms: 2
  • Bathroom 1: On Level: Third Floor, Bathroom - Full
  • Bathroom 2: On Level: Fourth Floor, Bathroom - Full
  • No Rooms: 5
  • Dining Room: On Level: Third Floor, Ceiling - Cathedral, Flooring - Hardwood
  • Kitchen: On Level: Third Floor, Flooring - Hardwood, Countertops - Stone/Granite/Solid
  • Laundry Features: In Unit
  • Living Room: On Level: Third Floor, Ceiling - Cathedral, Flooring - Hardwood
  • Basement: Y
  • No Living Levels: 2
  • Main Lo: M59500
  • Main So: AN1199
  • Estimated Sq Ft: 2242.00

Exterior Features

  • Exterior: Brick

Garage/Parking

  • Parking Feature: Off-Street, Tandem, Deeded
  • Parking Spaces: 2

Utilities

  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range

Condo/Co-op/Association

  • Fee Interval: Monthly
  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf Course, Public School
  • HOA Fees: 399.00
  • Association Fee Includes: Water, Sewer, Master Insurance, Exterior Maintenance, Landscaping, Snow Removal, Extra Storage, Reserve Funds
  • Condo Association: Yes
  • Association Security: Intercom
  • Management: Professional - Off Site

Association/Amenities

  • Condominium Name: Ladder 3 Lofts Condominium

Lot Info

  • Assessments: 336900.00
  • Acre: 0.27
  • Lot Size: 11906.00
  • Page: 119
  • Parcel Number: M:053 B:718 L:001 S:013
  • Zoning: R4

Tax Info

  • Taxes: 4390.00
  • Assessor Parcel Number: 4595067
  • Tax Year: 2021

Multi Family

  • No Units: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2021
Closed on
Apr 30, 2021
Sold by
Pimentel Kelvin
Bought by
Alvarez Danny
Seller's Agent
Pedro Calcano
William Raveis R.E. & Home Services
Buyer's Agent
DINA E
LAER Realty Partners
List Price
$379,000
Sold Price
$405,000
Premium/Discount to List
$26,000
6.86%
Current Estimated Value
$522,479

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$117,479
Avg. Annual Appreciation
6.61%
Original Mortgage
$384,750
Outstanding Balance
$351,865
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$180,501

Purchase Details

Listed on
Oct 16, 2019
Closed on
Dec 3, 2019
Sold by
Bransfield David and Bransfield Eric
Bought by
Pimentel Kelvin
Seller's Agent
Katie DiVirgilio
RE/MAX 360
Buyer's Agent
Pedro Calcano
William Raveis R.E. & Home Services
List Price
$325,000
Sold Price
$350,000
Premium/Discount to List
$25,000
7.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.91%
Original Mortgage
$332,500
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 27, 2017
Closed on
Jan 30, 2018
Sold by
Mekhamatdinova Nataliya and Kozubek Elina
Bought by
Brasnfield Eric and Bransfield David
Seller's Agent
Katie DiVirgilio
RE/MAX 360
Buyer's Agent
Katie DiVirgilio
RE/MAX 360
List Price
$250,000
Sold Price
$260,000
Premium/Discount to List
$10,000
4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.53%
Original Mortgage
$234,000
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 17, 2014
Closed on
Nov 20, 2014
Sold by
Kuzontkoski Paula M and Fernandez Juan P
Bought by
Mekhamatdinova Nataliya and Kozubek Elina
Seller's Agent
Dan DelGrosso
Coldwell Banker Realty - Lynnfield
Buyer's Agent
Julie Spadorcia
Century 21 North East
List Price
$219,000
Sold Price
$200,000
Premium/Discount to List
-$19,000
-8.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.54%
Original Mortgage
$120,000
Interest Rate
4.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 19, 2010
Sold by
Fannie Mae
Bought by
Kuzontkoski Paula M and Fernandez Juan Pablo

Purchase Details

Closed on
Aug 20, 2010
Sold by
Bentley Michael D
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Dec 19, 2008
Sold by
Diplatzi Michael
Bought by
Bentley Michael D

Purchase Details

Closed on
Dec 5, 2008
Sold by
Mccullough Kimberly
Bought by
Diplatzi Michael W

Purchase Details

Closed on
Dec 29, 2006
Sold by
Firehous Rcg Franklin
Bought by
Mccullough Kimberly D
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
Alvarez Danny $405,000 None Available
Pimentel Kelvin $350,000 --
Brasnfield Eric $260,000 --
Mekhamatdinova Nataliya $200,000 --
Mekhamatdinova Nataliya $200,000 --
Kuzontkoski Paula M $178,000 --
Kuzontkoski Paula M $178,000 --
Federal National Mortgage Association $180,814 --
Federal National Mortgage Association $180,814 --
Bentley Michael D $233,000 --
Bentley Michael D $233,000 --
Diplatzi Michael W $130,000 --
Diplatzi Michael W $130,000 --
Mccullough Kimberly D $330,000 --
Mccullough Kimberly D $330,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alvarez Danny $384,750
Closed Alvarez Danny $384,750
Closed Alvarez Danny $15,000
Previous Owner Pimentel Kelvin $332,500
Previous Owner Brasnfield Eric $234,000
Previous Owner Mekhamatdinova Nataliya $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2021 04/30/21 Sold $405,000 +6.9% $181 / Sq Ft
03/16/2021 03/16/21 Pending -- -- --
03/10/2021 03/10/21 For Sale $379,000 +8.3% $169 / Sq Ft
12/03/2019 12/03/19 Sold $350,000 +7.7% $156 / Sq Ft
10/19/2019 10/19/19 Pending -- -- --
10/16/2019 10/16/19 For Sale $325,000 +25.0% $145 / Sq Ft
01/30/2018 01/30/18 Sold $260,000 +4.0% $116 / Sq Ft
01/04/2018 01/04/18 Pending -- -- --
12/27/2017 12/27/17 For Sale $250,000 +25.0% $112 / Sq Ft
11/20/2014 11/20/14 Sold $200,000 0.0% $89 / Sq Ft
08/14/2014 08/14/14 Off Market $200,000 -- --
08/11/2014 08/11/14 Price Changed $215,000 -1.8% $96 / Sq Ft
07/17/2014 07/17/14 For Sale $219,000 -- $98 / 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 $4,284 $413,500 $0 $413,500
2024 $4,339 $412,100 $0 $412,100
2023 $4,314 $386,900 $0 $386,900
2022 $4,326 $348,000 $0 $348,000
2021 $4,390 $336,900 $0 $336,900
2020 $4,287 $319,900 $0 $319,900
2019 $3,824 $267,400 $0 $267,400
2018 $4,017 $274,800 $0 $274,800
2017 $3,855 $247,100 $0 $247,100
2016 $3,221 $199,100 $0 $199,100
2015 -- $200,800 $0 $200,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72796531

MLS Property Information Network (MLS PIN)

APN: LYNN-000053-000718-000001-000013-000013