$125,000
●
Condo -
Off Market
33 Central Sq #502
Lynn, MA 01901
Studio
1 Bath
548 Ft²
$209,106
RealtyHop Estimate
67.28%
Since Jul 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 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 to North Shore Community College and 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 units, Storage
room. This is a unique and exciting opportunity for the buyer
that's been waiting for an ideal urban-living option.
Unit Size
548 Ft²
Days on Market
-
Land Size
-
Price per sqft
$228
Property Type
Condo
Property Taxes
-
HOA Dues
$182
Year Built
1903
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Cap Rate Calculator
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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 #71895741)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 22, 2016 | Sold | ||
| Sold | |||
| Aug 27, 2015 | Listed by M. Celata Real Estate | $125,000 | |
| Listed by M. Celata Real Estate | |||
Property Highlights
Air Conditioning
Interior Details
Features: Bathroom - Tiled With Shower Stall
Features: Flooring - Wood, Countertops - Stone/Granite/Solid, Stainless Steel Appliances
Features: Flooring - Hardwood, Recessed Lighting
Full Bathrooms: 1
Appliances: Range, Dishwasher, Microwave, Refrigerator, Gas Water Heater, Utility Connections for Gas Range
Flooring Type: Wood, Tile
Laundry Features: In Basement, Common Area, In Building
Rooms: 1
Basement: N
Parking Details
Parking Features: None
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: High-Rise
Stories (Total): 5
Building Area Units: Square Feet
Window Features: Storm Window(s)
Construction Materials: Brick
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: cbd
Parcel Number: 2003394
Water Source: Public
Utilities Details
Utilities: for Gas Range
Cooling Type: Central Air, Unit Control
Heating Type: Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Insurance
HOA/Condo/Coop Amenities: Elevator(s), Storage
Association Fee Frequency: Monthly
HOA Fee: $182
Community Features: Public Transportation, Shopping, Medical Facility, Laundromat, Marina, Private School, Public School, T-Station, University
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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