$184,933
●
Condo -
Off Market
33-35 Central Sq #301
Lynn, MA 01901
1 Bed
1 Bath
765 Ft²
$207,240
RealtyHop Estimate
12.06%
Since Jan 1, 2022
MA-Boston
Primary Model
About This Property
***Deed and income restricted - MUST be a first time homebuyer,
take first time homebuyer's class, be owner occupant, and meet
income eligibility.*** Absolutely incredible opportunity to own
this affordable loft inspired unit, steps to the Commuter Rail and
walkable to the ocean. This bright and spacious one bedroom condo
has so much to offer. High owner occupancy elevator building,
versatile open floor plan, high ceilings, large windows that span
the entire front of the unit - visually opening up the entire space
and flooding it with sunlight, central AC, basement washer/dryer,
pet friendly, and private storage in basement. Enjoy downtown
Lynn's vibrancy and walkability to popular restaurants, shops,
cafes, brewery, farmer's market, grocery stores, parks, library,
museum, world-class public art, and stunning industrial-era
architecture. Also enjoy nearby Seaport Marina, majestic Lynn
Woods, and the Northern Strand Community Bike Trail. Easy access to
Routes 1A/1/128/95/93
Unit Size
765 Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$242
Property Type
Condo
Property Taxes
$182
HOA Dues
$310
Year Built
1903
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 5 years ago (MLSPIN #72916403)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 22, 2021 | Sold | ||
| Sold | |||
| Nov 4, 2021 | Listed by Nest Forward | $184,933 | |
| Listed by Nest Forward | |||
| May 6, 2016 | Sold | ||
| Sold | |||
| Aug 27, 2015 | Listed by Compass | $138,000 | |
| Listed by Compass | |||
| | |||
|
Lofts in the heart of Lynn's Cultural District. With an eye on the future, this historic building has been transformed it into 8 gleaming lofts with fully equipped stainless/granite kitchens, soaring ceilings, exposed brick, hardwood and expansive windows that provide plenty of natural light and city views. Lynn's downtown area has undergone a renaissance attracting 5-star restaurants, bakeries, cultural events and it's also within walking distance of Lynn, Nahant and Swampscott beaches. Being less than 20 minutes from Boston, there are several convenient public transportation options including the commuter rail, water shuttle, and MBTA. This is a unique and exciting opportunity for the buyer that's been waiting for an ideal urban-living option. Deed restrictions apply - inquire with REALTOR.
| |||
Property Highlights
Air Conditioning
Interior Details
Level: First
Width: 9.1
Length: 14.6
Features: Closet, Flooring - Laminate, Open Floorplan, Gas Stove, Lighting - Overhead
Area: 132.859999
Area: 46.48
Features: Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
Length: 5.6
Level: First
Width: 8.3
Width: 28.5
Features: Flooring - Laminate, Open Floorplan, Lighting - Pendant
Length: 16.6
Level: First
Area: 473.1
Length: 16.6
Level: First
Area: 473.1
Features: Flooring - Laminate, Open Floorplan, Lighting - Pendant
Width: 28.5
Features: Ceiling Fan(s), Walk-In Closet(s), Flooring - Laminate
Level: First
Length: 13.4
Width: 16.9
Area: 226.459999
Full Bathrooms: 1
Interior Features: Walk-In Closet(s)
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer, Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Oven
Flooring Type: Tile, Wood Laminate
Laundry Features: In Basement, Common Area, In Building
Rooms: 3
Basement: Y
Exterior Details
Has Property Attached
Entry Level: 3
Security Features: Intercom
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: Station Lofts
Structure Type: Mid-Rise
Stories (Total): 1
Building Area Units: Square Feet
Construction Materials: Brick
Lead Paint: Unknown
Lot Size Area: 0.04
Lot Size Units: Acres
Lot Size Acres: 0.04
Zoning: CBD
Parcel Number: M:082 B:624 L:013 S:004
Water Source: Public
Financial Details
Tax Assessed Value: $167,800
Tax Annual Amount: $2,186
Utilities Details
Utilities: for Gas Range, for Gas Oven
Cooling Type: Central Air, Individual, Unit Control
Heating Type: Forced Air, Natural Gas, Individual, Unit Control
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Reserve Funds
HOA/Condo/Coop Amenities: Laundry, Elevator(s), Storage
Association Fee Frequency: Monthly
HOA Fee: $310
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station, University, Other
Pets Allowed: Yes w/ Restrictions
Complex is Completed
Management: Owner Association
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
09/05/2023
|
Studio
|
1 Bath
|
548 ft²
|
$214,999
Studio
1 Bath
548 ft²
|
$250,000
+16.28%
10/17/2023
|
Myrna Jean Charles
Weichert REALTORS® Blueprint Brokers
| |
|
11/04/2021
|
1 Bed
|
1 Bath
|
765 ft²
|
$184,933
1 Bed
1 Bath
765 ft²
|
$184,933
12/22/2021
|
Soraya Cacici
Nest Forward
| |
|
06/02/2018
|
Studio
|
1 Bath
|
584 ft²
|
$129,000
Studio
1 Bath
584 ft²
|
$129,000
08/09/2018
|
Eileen Jonah-Daly
Century 21 North East
| |
|
06/29/2016
|
Studio
|
1 Bath
|
548 ft²
|
$125,000
Studio
1 Bath
548 ft²
|
$115,000
-8.00%
09/13/2016
|
Eileen Jonah-Daly
Century 21 North East
| |
|
04/13/2016
|
1 Bed
|
1 Bath
|
775 ft²
|
$167,000
1 Bed
1 Bath
775 ft²
|
$167,000
08/19/2016
|
Eileen Jonah-Daly
Century 21 North East
| |
|
08/27/2015
|
1 Bed
|
1 Bath
|
775 ft²
|
$138,000
1 Bed
1 Bath
775 ft²
|
$138,000
05/06/2016
|
Eileen Jonah-Daly
Century 21 North East
| |
|
08/27/2015
|
1 Bed
|
1 Bath
|
775 ft²
|
$160,000
1 Bed
1 Bath
775 ft²
|
$160,000
05/10/2016
|
Eileen Jonah-Daly
Century 21 North East
| |
|
08/27/2015
|
1 Bed
|
1 Bath
|
775 ft²
|
$167,000
1 Bed
1 Bath
775 ft²
|
$167,500
+0.30%
05/31/2016
|
Eileen Jonah-Daly
Century 21 North East
| |
|
08/27/2015
|
Studio
|
1 Bath
|
548 ft²
|
$100,000
Studio
1 Bath
548 ft²
|
$100,000
05/16/2016
|
Eileen Jonah-Daly
Century 21 North East
| |
|
08/27/2015
|
Studio
|
1 Bath
|
548 ft²
|
$125,000
Studio
1 Bath
548 ft²
|
$125,000
06/22/2016
|
Eileen Jonah-Daly
Century 21 North East
| |
|
05/20/2011
| |
Loft
|
-
|
9080 ft²
|
$139,900
Loft
-
9080 ft²
|
$140,000
+0.07%
10/17/2011
|
Patricia Ng
Berkshire Hathaway HomeServices Commonwealth Real Estate
|
|
07/21/2003
| |
Loft
|
2 Bath
|
9080 ft²
|
$499,000
Loft
2 Bath
9080 ft²
|
$465,000
-6.81%
01/09/2004
|
Zee Mah
Hoskins Realty, Inc.
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017