$250,000
SOLD JAN 5, 2017

88 Franklin St Unit 303 Lynn, MA 01902

Central Lynn Neighborhood
2 Beds
2 Baths
2,021 Sq Ft
0.27 Acres

Recently Sold

$124 Per Sq Ft

11% Below List Price

24 Days on Market

About This Home

As of June 2018

OPEN HOUSE 10/15 11:00am-12:30pm! Beautiful 2 bedroom, 2 bath penthouse loft located in a converted 19th Century Firehouse. Inside you will find 2000+ square feet of living space spread out over 2 floors complete with hardwood floors, whitewashed exposed brick, large windows and a flexible floor plan. Updated kitchen with white cabinets, carrera marble countertops, stainless steel appliances and a granite breakfast bar overlooking the open concept living area. Master bedroom located on the main living level with his and her closets, in unit washer/dryer hookups, FHA gas heat with central air, additional basement storage and deeded 2 car off-street parking located directly in front of the building! Professionally managed, pet friendly association. Centrally located within close proximity to area amenities, the commuter rail, NSCC, Lynn Woods Reservation and the Ocean. Don't miss this excellent opportunity to become the newest homeowner at Ladder 3 Lofts!

Last Agent to Sell the Property

Amy Wallick

Lamacchia Realty, Inc. Listed on: 09/25/2016

Lamacchia Realty, Inc.

Last Buyer's Agent

Janice Hoffman

Signs of Success Realty Group

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,015

Year Built

1890

Lot Details

0

Listing Details

  • Unit Level: 3
  • Unit Placement: Top/Penthouse
  • Property Type: Condominium/Co-Op
  • Lead Paint: Unknown
  • Year Round: Yes
  • Special Features: None
  • Property Sub Type: Condos
  • Year Built: 1890

Interior Features

  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
  • Has Basement: Yes
  • Number of Rooms: 5
  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf Course, Medical Facility, Laundromat, Highway Access, House of Worship, Marina, Public School, T-Station
  • Electric: Circuit Breakers
  • Energy: Insulated Windows, Prog. Thermostat
  • Flooring: Tile, Hardwood
  • Interior Amenities: Cable Available
  • Bedroom 2: Second Floor
  • Bathroom #1: First Floor
  • Bathroom #2: Second Floor
  • Kitchen: First Floor
  • Laundry Room: First Floor
  • Living Room: First Floor
  • Master Bedroom: First Floor
  • Master Bedroom Description: Closet, Flooring - Hardwood
  • Dining Room: First Floor
  • No Living Levels: 2

Exterior Features

  • Construction: Brick
  • Exterior: Brick
  • Beach Ownership: Public

Garage/Parking

  • Parking: Off-Street, Tandem, Deeded, Paved Driveway
  • Parking Spaces: 2

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Cooling Zones: 1
  • Heat Zones: 1
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range, for Gas Oven, for Gas Dryer, Washer Hookup
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Condo/Co-op/Association

  • Condominium Name: Ladder 3 Lofts Condominium
  • Association Fee Includes: Water, Sewer, Master Insurance, Exterior Maintenance, Landscaping, Snow Removal, Extra Storage, Reserve Funds
  • Association Security: Intercom
  • Management: Professional - Off Site
  • Pets Allowed: Yes
  • No Units: 14
  • Unit Building: 303

Fee Information

  • Fee Interval: Monthly

Lot Info

  • Assessor Parcel Number: M:053 B:718 L:001 S:015
  • Zoning: R4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 24, 2020
Sold by
Rogers Alex J
Bought by
Rogers Alex J and Rogers Shanique M
Current Estimated Value
$522,185

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$302,000
Outstanding Balance
$269,578
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$233,632

Purchase Details

Listed on
Apr 17, 2018
Closed on
Jun 8, 2018
Sold by
Jancie Hoffman 2016 Lt
Bought by
Rogers Alex J
Seller's Agent
Janice Hoffman
Signs of Success Realty Group
Buyer's Agent
Marilyn Ellis
Leading Edge Real Estate
List Price
$300,000
Sold Price
$315,000
Premium/Discount to List
$15,000
5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.71%
Original Mortgage
$305,550
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 25, 2016
Closed on
Jan 5, 2017
Sold by
Musser Eric and Musser Leslie
Bought by
Janice Hoffman 2016 Lt
Seller's Agent
Amy Wallick
Lamacchia Realty, Inc.
Buyer's Agent
Janice Hoffman
Signs of Success Realty Group
List Price
$279,900
Sold Price
$250,000
Premium/Discount to List
-$29,900
-10.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.67%

Purchase Details

Listed on
Apr 22, 2013
Closed on
Jul 17, 2013
Sold by
Franklin Pt and Franklin Carafa
Bought by
Jamison Leslie and Musser Eric
Seller's Agent
Kimberly Dowling
Vylla Home
Buyer's Agent
Jeffrey Chubb
Real Broker MA, LLC
List Price
$199,900
Sold Price
$199,000
Premium/Discount to List
-$900
-0.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.80%
Original Mortgage
$189,050
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 22, 2013
Closed on
Jun 3, 2013
Sold by
Perez Bahareh
Bought by
Pt Franklin
Seller's Agent
Kimberly Dowling
Vylla Home
Buyer's Agent
Jeffrey Chubb
Real Broker MA, LLC
List Price
$199,900
Sold Price
$199,000
Premium/Discount to List
-$900
-0.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,050
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 4, 2007
Sold by
Rcg Franklin Fir Llc
Bought by
Perez Benjamin J and Perez Bahareh
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Not Resolvable $315,000 --
Not Resolvable $250,000 --
Deed $199,000 --
Deed $199,000 --
Foreclosure Deed $119,500 --
Foreclosure Deed $119,500 --
Deed $315,000 --
Deed $315,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $100,000 Credit Line Revolving
Open $302,000 New Conventional
Previous Owner $305,550 New Conventional
Previous Owner $189,050 New Conventional
Previous Owner $74,052 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2018 06/08/18 Sold $315,000 +5.0% $156 / Sq Ft
04/24/2018 04/24/18 Pending -- -- --
04/17/2018 04/17/18 For Sale $300,000 +20.0% $148 / Sq Ft
01/05/2017 01/05/17 Sold $250,000 -5.7% $124 / Sq Ft
10/19/2016 10/19/16 Pending -- -- --
10/11/2016 10/11/16 Price Changed $265,000 -5.3% $131 / Sq Ft
09/25/2016 09/25/16 For Sale $279,900 +40.7% $138 / Sq Ft
07/17/2013 07/17/13 Sold $199,000 -0.5% $98 / Sq Ft
05/01/2013 05/01/13 Pending -- -- --
04/22/2013 04/22/13 For Sale $199,900 -- $99 / 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 $4,015 $387,500 $0 $387,500
2024 $4,067 $386,200 $0 $386,200
2023 $4,043 $362,600 $0 $362,600
2022 $4,053 $326,100 $0 $326,100
2021 $4,114 $315,700 $0 $315,700
2020 $4,016 $299,700 $0 $299,700
2019 $3,406 $238,200 $0 $238,200
2018 $3,707 $244,700 $0 $244,700
2017 $3,438 $220,400 $0 $220,400
2016 $2,874 $177,600 $0 $177,600
2015 $3,000 $179,100 $0 $179,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72072776

MLS Property Information Network (MLS PIN)

APN: LYNN-000053-000718-000001-000015-000015