$167,000
●
Condo -
Off Market
33 Central Sq #501
Lynn, MA 01901
1 Bed
1 Bath
775 Ft²
$278,217
RealtyHop Estimate
66.60%
Since Sep 1, 2016
MA-Boston
Primary Model
About This Property
Lofts in the heart of Lynn's Cultural District. With an eye
on the future, this historic building has been transformed 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 is also within
walking distance to North Shore Community College, 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. Laundry
room and storage units. This is a unique and exciting
opportunity for the buyer that's been waiting for an ideal urban
living option.
Unit Size
775 Ft²
Days on Market
-
Land Size
0.04 acres
Price per sqft
$215
Property Type
Condo
Property Taxes
-
HOA Dues
$272
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: 4 years ago (MLSPIN #71987495)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 19, 2016 | Sold | ||
| Sold | |||
| Apr 13, 2016 | Listed by RE/MAX 360 | $167,000 | |
| Listed by RE/MAX 360 | |||
Property Highlights
Air Conditioning
Interior Details
Level: First
Features: Flooring - Hardwood, Countertops - Stone/Granite/Solid, Stainless Steel Appliances
Features: Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
Level: First
Features: Walk-In Closet(s), Flooring - Hardwood
Level: First
Level: First
Features: Flooring - Wood
Full Bathrooms: 1
Appliances: Range, Dishwasher, Microwave, Refrigerator, Gas Water Heater, Utility Connections for Gas Range
Flooring Type: Wood, Tile, Hardwood
Laundry Features: In Basement, Common Area
Rooms: 3
Basement: N
Exterior Details
Has Property Attached
Entry Level: 5
Security Features: Intercom
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: Station Lofts
Structure Type: Mid-Rise
Stories (Total): 5
Building Area Units: Square Feet
Window Features: Insulated Windows
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, 2003394
Water Source: Public
Utilities Details
Utilities: for Gas Range
Cooling Type: Central Air, Unit Control
Heating Type: Forced Air, Natural Gas, Unit Control
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Insurance, Trash
HOA/Condo/Coop Amenities: Laundry, Elevator(s), Storage
Association Fee Frequency: Monthly
HOA Fee: $272
Community Features: Public Transportation, Shopping, Laundromat, House of Worship, Marina, Private School, Public School, T-Station, University, Other
Complex is Completed
Management: Other (See Remarks)
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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