$337,900
↓ $1K (0.3%)
●
Condo -
For Sale
693 Western Ave #404
Lynn, MA 01905
1 Bed
1 Bath
634 Ft²
$2,132
Est. Monthly
$242
HOA / Fees
5.76%
Cap Rate
About This Property
Experience modern luxury in this stunning 1-bedroom condo, built in
2019 and perfectly situated in a highly desirable location! The
phenomenal open-concept layout features recessed lighting,
stainless steel appliances, in-unit laundry, a video-enabled
intercom, and a prewired security system. Enjoy the convenience of
deeded one-car parking and the bonus of climate-controlled
additional storage space. This dog-friendly unit is close to
beaches, shopping, top-rated restaurants, schools, major highways,
and public transportation. A rare opportunity to own in an
unbeatable location-don't miss out!
Unit Size
634 Ft²
Days on Market
-
Land Size
0.51 acres
Price per sqft
$533
Property Type
Condo
Property Taxes
$231
HOA Dues
$242
Year Built
2019
Listed By
Zambrano Properties & Associates
RE/MAX 360
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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: 5 days ago (MLSPIN #73318652)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 7, 2025 | Price Decreased |
$337,900
↓ $1K
(0.3%) | |
| Price Decreased | |||
| Feb 12, 2025 | Price Decreased |
$338,900
↓ $1K
(0.3%) | |
| Price Decreased | |||
| Jan 25, 2025 | Relisted | $339,900 | |
| Relisted | |||
| Jan 9, 2025 | In contract | - | |
| In contract | |||
| Dec 9, 2024 | Listed by RE/MAX 360 | $339,900 | |
| Listed by RE/MAX 360 | |||
Show More
Property Highlights
Parking Available
Elevator
Air Conditioning
Parking Details
Parking Features: Deeded
Interior Details
Full Bathrooms: 1
Interior Features: Elevator
Appliances: Range, Oven, Dishwasher, Microwave, Washer, Dryer
Flooring Type: Laminate
Laundry Features: In Unit
Rooms: 3
Basement: Y
Exterior Details
Has Property Attached
Entry Level: 4
Year Built Source: Public Records
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: 693 Western Ave Condominiums
Structure Type: Detached, Mid-Rise
Stories (Total): 1
Building Area Units: Square Feet
Lead Paint: None
Lot Size Area: 0.51
Lot Size Units: Acres
Lot Size Acres: 0.51
Zoning: BD
Parcel Number: M:053 B:264 L:007 S:023, 5113744
Water Source: Public
Financial Details
Tax Assessed Value: $262,900
Tax Annual Amount: $2,768
Utilities Details
Utilities: for Gas Range
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Water, Sewer, Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash
HOA/Condo/Coop Amenities: Elevator(s)
Association Fee Frequency: Monthly
HOA Fee: $242
Community Features: Public Transportation, Park, Walk/Jog Trails, Laundromat, Highway Access, House of Worship, Public School
Pets Allowed: Yes w/ Restrictions
Complex is Completed
Management: Professional - Off Site
693 Western Ave #404, Lynn, MA, 01905
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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
Condo
2
Beds
2
Baths
884 ft²
$362/ft²
$320,000
Oct 25, 2019
$320,000
Dec 11, 2019
$594/mo
Condo
2
Beds
2
Baths
976 ft²
$348/ft²
$340,000
May 4, 2020
$340,000
Jul 20, 2020
$574/mo
Condo
2
Beds
2
Baths
1,021 ft²
$377/ft²
$385,000
Apr 12, 2021
$385,000
Jul 23, 2021
$605/mo
Condo
2
Beds
2
Baths
1,021 ft²
$316/ft²
$322,950
Oct 3, 2019
$322,950
Dec 13, 2019
$642/mo
Condo
2
Beds
2
Baths
1,021 ft²
$299/ft²
$305,000
Oct 29, 2019
$305,000
Dec 16, 2019
$642/mo
Condo
2
Beds
1
Bath
838 ft²
$382/ft²
$320,000
Aug 4, 2020
$320,000
Oct 9, 2020
$513/mo
In Contract
Condo
2
Beds
1
Bath
734 ft²
$463/ft²
$339,990
Sep 6, 2024
-
$560/mo
In Contract
Condo
2
Beds
1
Bath
824 ft²
$431/ft²
$355,000
Oct 24, 2024
-
$588/mo
In Contract
Condo
2
Beds
1
Bath
1,195 ft²
$292/ft²
$349,000
Aug 29, 2024
-
$667/mo
In Contract
Condo
2
Beds
1
Bath
1,206 ft²
$315/ft²
$379,900
Oct 3, 2024
-
$463/mo
In Contract
Multifamily
6
Beds
3
Baths
2,875 ft²
$139/ft²
$399,000
Feb 3, 2017
-
$459/mo
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
10/16/2024
|
2 Bed
|
2 Bath
|
926 ft²
|
$424,900
2 Bed
2 Bath
926 ft²
|
$426,000
+0.26%
12/05/2024
|
-
|
Vincent Kaba
Keller Williams - Eastern Middlesex
| |
|
08/07/2024
|
2 Bed
|
2 Bath
|
926 ft²
|
$414,900
2 Bed
2 Bath
926 ft²
|
$416,000
+0.27%
09/26/2024
|
-
|
Nidia Peguero
Century 21 North East
| |
|
09/12/2023
|
2 Bed
|
2 Bath
|
-
|
$399,000
2 Bed
2 Bath
|
-
-
|
-
|
Heidelberg Nunez-Sethi
Tremont Realty Group, LLC
| |
|
04/12/2021
|
2 Bed
|
2 Bath
|
1021 ft²
|
$345,000
2 Bed
2 Bath
1021 ft²
|
$385,000
+11.59%
07/23/2021
|
-
|
Deshdeep Sethi
Tremont Realty Group, LLC
| |
|
08/04/2020
|
2 Bed
|
1 Bath
|
838 ft²
|
$329,900
2 Bed
1 Bath
838 ft²
|
$320,000
-3.00%
10/09/2020
|
-
|
Randolph Herman
Keller Williams Realty Evolution
| |
|
07/27/2020
|
2 Bed
|
1 Bath
|
929 ft²
|
$349,000
2 Bed
1 Bath
929 ft²
|
$345,000
-1.15%
10/13/2020
|
-
|
Kimberly O'Neil Mara
Century 21 North East
| |
|
05/04/2020
|
2 Bed
|
2 Bath
|
976 ft²
|
$340,000
2 Bed
2 Bath
976 ft²
|
$340,000
07/20/2020
|
-
|
Marisol Aldana
Century 21 North East
| |
|
11/05/2019
|
1 Bed
|
1 Bath
|
685 ft²
|
$228,900
1 Bed
1 Bath
685 ft²
|
$228,900
11/29/2019
|
-
|
Jose Clavel
Pena Realty Corporation
| |
|
11/04/2019
|
2 Bed
|
1 Bath
|
929 ft²
|
$309,900
2 Bed
1 Bath
929 ft²
|
$305,000
-1.58%
12/17/2019
|
-
|
Patrick Hermans
J. Borstell Real Estate, Inc.
| |
|
11/01/2019
|
2 Bed
|
2 Bath
|
922 ft²
|
$309,900
2 Bed
2 Bath
922 ft²
|
$305,000
-1.58%
11/22/2019
|
-
|
Didier Lopez
RE/MAX One Call Realty
| |
|
10/30/2019
|
1 Bed
|
1 Bath
|
685 ft²
|
$228,900
1 Bed
1 Bath
685 ft²
|
$228,000
-0.39%
12/13/2019
|
-
|
Keith Jones
Redfin Corp.
| |
|
10/29/2019
|
2 Bed
|
1 Bath
|
838 ft²
|
$283,900
2 Bed
1 Bath
838 ft²
|
$280,000
-1.37%
11/25/2019
|
-
|
Justin Barall
Berkshire Hathaway Home Service New England Properties
| |
|
10/29/2019
|
2 Bed
|
2 Bath
|
1021 ft²
|
$326,900
2 Bed
2 Bath
1021 ft²
|
$305,000
-6.70%
12/16/2019
|
-
|
Nidia Peguero
Century 21 North East
| |
|
10/29/2019
|
2 Bed
|
2 Bath
|
884 ft²
|
$309,900
2 Bed
2 Bath
884 ft²
|
$305,000
-1.58%
12/06/2019
|
-
|
Katie DiVirgilio
RE/MAX 360
| |
|
10/25/2019
|
2 Bed
|
1 Bath
|
929 ft²
|
$304,900
2 Bed
1 Bath
929 ft²
|
$300,000
-1.61%
12/23/2019
|
-
|
Irina Spiegel
Benoit Real Estate Group ,LLC
| |
|
10/25/2019
|
2 Bed
|
2 Bath
|
884 ft²
|
$319,900
2 Bed
2 Bath
884 ft²
|
$320,000
+0.03%
12/11/2019
|
-
|
Vijoy Abraham
Abraham Realty
| |
|
10/25/2019
|
2 Bed
|
1 Bath
|
838 ft²
|
$283,900
2 Bed
1 Bath
838 ft²
|
$278,900
-1.76%
11/22/2019
|
-
|
Steven Petrello
Century 21 North East
| |
|
10/24/2019
|
2 Bed
|
1 Bath
|
929 ft²
|
$309,900
2 Bed
1 Bath
929 ft²
|
$320,000
+3.26%
11/26/2019
|
-
|
Kimberly O'Neil Mara
Century 21 North East
| |
|
10/21/2019
|
2 Bed
|
2 Bath
|
1021 ft²
|
$326,900
2 Bed
2 Bath
1021 ft²
|
$334,400
+2.29%
11/22/2019
|
-
|
Marcos Doliver
Prime Choice Real Estate
| |
|
10/18/2019
|
2 Bed
|
1 Bath
|
929 ft²
|
$304,900
2 Bed
1 Bath
929 ft²
|
$305,000
+0.03%
11/25/2019
|
-
|
Katie DiVirgilio
RE/MAX 360
| |
|
10/18/2019
|
2 Bed
|
2 Bath
|
922 ft²
|
$309,900
2 Bed
2 Bath
922 ft²
|
$309,900
11/25/2019
|
-
|
Katie DiVirgilio
RE/MAX 360
| |
|
10/17/2019
|
2 Bed
|
1 Bath
|
929 ft²
|
$309,900
2 Bed
1 Bath
929 ft²
|
$309,900
12/20/2019
|
-
|
Michael Montero
Realty One Group Nest
| |
|
10/09/2019
|
1 Bed
|
1 Bath
|
634 ft²
|
$225,000
1 Bed
1 Bath
634 ft²
|
$225,000
11/20/2019
|
-
|
Katie DiVirgilio
RE/MAX 360
| |
|
10/09/2019
|
2 Bed
|
1 Bath
|
911 ft²
|
$305,000
2 Bed
1 Bath
911 ft²
|
$305,000
11/22/2019
|
-
|
Lisa Dooley
Berkshire Hathaway HomeServices Commonwealth Real Estate
| |
|
10/03/2019
|
1 Bed
|
1 Bath
|
685 ft²
|
$233,900
1 Bed
1 Bath
685 ft²
|
$231,400
-1.07%
12/23/2019
|
-
|
David Sugarman
Harvard Ave. Realty
| |
|
10/03/2019
|
2 Bed
|
2 Bath
|
1021 ft²
|
$326,900
2 Bed
2 Bath
1021 ft²
|
$322,950
-1.21%
12/13/2019
|
-
|
Katie DiVirgilio
RE/MAX 360
| |
|
10/02/2019
|
2 Bed
|
1 Bath
|
838 ft²
|
$283,900
2 Bed
1 Bath
838 ft²
|
$283,900
11/27/2019
|
-
|
Arthur Martiroso
Keller Williams Realty
| |
|
10/02/2019
|
2 Bed
|
1 Bath
|
927 ft²
|
$304,900
2 Bed
1 Bath
927 ft²
|
$300,000
-1.61%
12/09/2019
|
-
|
Aleksandra Frasheri
Century 21 Cityside
| |
|
07/03/2019
|
2 Bed
|
1 Bath
|
865 ft²
|
$309,900
2 Bed
1 Bath
865 ft²
|
$305,000
-1.58%
12/13/2019
|
-
|
Richard Powers
Toner Real Estate, LLC
| |
|
05/15/2019
|
2 Bed
|
1 Bath
|
760 ft²
|
$289,900
2 Bed
1 Bath
760 ft²
|
$279,950
-3.43%
11/14/2019
|
-
|
Richard Powers
Toner Real Estate, LLC
|
Building Info
