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285 Lynn Shore Drive # 402, Lynn MA 01902

Lynn, MA 01902
$250,000
2
Beds
1
Baths
764
Sq Ft
$327
Price/Sq Ft
1893
Year Built
25
Days on Market
Closed Listed Aug 27, 2024 • MLS# 73282293 Copied! • Updated Nov 9, 2024

Sale Statistics

Sale Overview
Original List Price: $270,000
Final Sale Price: $250,000
Difference: $20,000 (-7.4%)
Performance Metrics
92.6%
List to Sale Ratio
Sold below asking price
25
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $353
Sale $/sq ft: $327
This property sold for $327 per square foot
Sale Summary

This property sold for 7.4% below the original asking price.

With only 25 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 8 similar properties sold within 0.5 miles in the last 90 days

This Property
$327/sq ft
Area Average
$398/sq ft
Difference
17.8%

This property sold below the area average, potentially representing good value for the buyer.

About this home

Stunning ocean views from this renovated Lynn Shore condo. This spacious oceanfront home has new stainless appliances, a renovated kitchen with stone counters, and a new bathroom. There are multiple beaches in the vicinity that are open to the public and there are beaches and parks right across the street. There is a Commuter Rail under a mile away and it is only a two stop ride to Boston. Minutes to Lynn and Swampscott's popular restaurants, shops, pubs, cafes, breweries, farmer’s markets, grocery stores, parks! Easy access to Routes 1/1A/129/95. Pets allowed. This property can either be owner financed or it has to be a cash purchase, 20% down minimum requirement for owner financing and subject to applicant financial review. Please read disclosures about this building, property is in the process of hiring a management company.

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Recently Sold Nearby

Property History

Market Insights

30.4%
Price Range
28
Total Days on Market

Property Timeline

Current Active Listing - MLS #73545737
Full transaction history available when tracking began
🏡
Currently Listed
Jul 7, 2026
$359,000
MLS #73545737 - Active
Sold
Nov 1, 2024
$250,000
Property sold
Days on Market: 28
🏠
Listed for Sale
Aug 28, 2024
$270,000
Original listing
Office: Compass

Tax History

Year Taxes Assessment
2024 $2,634 $250,100

Financial Details

Annual Property Tax
$2,634
Tax Year 2024
HOA Fee
$627
Per month
Assessed Value
$250,100

Facts & Features

Home Facts

Type Residential
Style Condominium
Year Built 1893
Living Area 764 sq ft
Bedrooms 2
Full Baths 1
Total Rooms 3

Interior

Heating Hot Water
Cooling Window Unit(s)
Flooring None
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer
Fireplace None
Basement Y
Laundry None
Features None

Exterior

Construction None
Architecture None
Roof None
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features None
Electric None
Water Public
Sewer Public Sewer
Gas None
Other None
Annual Tax $2,634
Assessed Value $250,100

HOA & Community

HOA Fee $627
Fee Includes Heat, Water, Sewer, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash
Amenities Hot Water, Elevator(s), Storage
Optional Fee Includes None
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type ["High-Rise"]
Unit/Building 402
Sq Ft Source Public Record
Documents Master Deed, Unit Deed, Rules & Regs, Management Association Bylaws, Association Financial Statements, Other (see Remarks)
County Essex
Total market time (incl. prior listings) 28 days

Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1893
Bedrooms
2
Full Bathrooms
1
Living Area
764 sq ft
Total Rooms
3
Stories
1
Entry Level
4

Room Details

Other Floor

Kitchen
Bathroom2
Bathroom1
Bedroom2
Bedroom5
Bedroom4
Dining Room
Bedroom3
Living Room
Family Room
Bathroom3
Master Bedroom
Office
Master Bathroom

Interior Features

Flooring:
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Freezer
Interior Features:
Windows:
Basement: Y
Laundry:
Security:

Construction & Materials

Year Built: 1893
Structure Type: High-Rise
Exterior Materials:
Roof:
Foundation:
Stories: 1

Heating, Cooling & Utilities

Heating: Hot Water
Cooling: Window Unit(s)
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
Other Structures:
Lot Features:
Road Surface:

Parking & Garage

Parking Features:

Special Features

Waterfront: Yes
Waterfront Type: Waterfront, Ocean, Ocean, 0 to 1/10 Mile To Beach, Beach Ownership(Public)
Community Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Medical Facility, Laundromat, Bike Path, House of Worship, Marina, Private School, Public School, T-Station, University
School District
Lynn School District local
D
School Safety 2024-25
3.5% Above Average
3.0% Suspensions 0.3% In-School 0.1% Expulsions 0.4% Emergency
2.0% below state avg
E

Elementary Schools

10 schools
B-
KIPP Academy Lynn Charter School
1.0 mi | #197 of 346 | Score: 51.6
Improved 64 spots from last year
-6.6 below state avg
1,637 students Moderate
High Graduation Rate Rising School College Ready Curriculum
Grades K-12
C-
Lynn Vocational Technical Institute
1.1 mi | #284 of 346 | Score: 42.8
Improved 50 spots from last year
-15.5 below state avg
1,584 students Moderate
Early College Program Rising School Career Tech Programs
Grades PK-12
The Hathaway School
1.1 mi
Grades PK-08
St. Pius V Elementary School
1.6 mi
Grades PK-08
Sacred Heart Elementary School
2.1 mi
Grades PK-08
North Shore Christian School
2.2 mi
Grades PK-08
TEAMS Academy at Virginia Barton Center
2.9 mi
Grades PK-12
C-
Brickett Elementary School
0.4 mi | #688 of 824 | Score: 36.3
Improved 101 spots from last year
-21.9 below state avg
318 students Moderate
Rising School
Grades K-05
C-
E. J. Harrington Elementary School
0.4 mi | #717 of 824 | Score: 34.2
Improved 76 spots from last year
-24 below state avg
687 students Moderate
Rising School
Grades PK-05
C-
Ingalls School
0.8 mi | #673 of 824 | Score: 37.3
Improved 125 spots from last year
-20.9 below state avg
719 students Moderate
Rising School
Grades K-05
M

Middle Schools

2 schools
C-
Thurgood Marshall Middle School
0.7 mi | #311 of 352 | Score: 30.5
Improved 40 spots from last year
-27.7 below state avg
1,310 students Moderate
Rising School
Grades 06-08
C+
Pickering Middle School
2.2 mi | #226 of 352 | Score: 38.6
Improved 81 spots from last year
-19.6 below state avg
583 students Diverse
Rising School
Grades 06-08
H

High Schools

6 schools
B
Fredrick Douglass Collegiate Academy
0.5 mi | #12 of 25 | Score: 33.4
Improved 330 spots from last year
-24.8 below state avg
235 students Moderate
Early College Program Rising School
Grades 06-12
St. Mary's High School
0.9 mi
Grades 07-12
City Arts & Sciences Academy at Fecteau-Leary
1.1 mi
Grades 06-12
B-
Harold Durgin Success Academy
1.1 mi | #16 of 25 | Score: 30.4
Improved 329 spots from last year
-27.8 below state avg
94 students Diverse
Rising School Career Tech Programs
Grades 09-12
D
Lynn English High School
1.3 mi | #318 of 346 | Score: 33.5
Improved 37 spots from last year
-24.8 below state avg
2,062 students Moderate
18 sports • 1,425 athletes
Early College Program Rising School Career Tech Programs Strong Athletics
Grades 09-12
C-
Classical High School
2.7 mi | #302 of 346 | Score: 37.9
Improved 51 spots from last year
-20.3 below state avg
1,795 students Moderate
Early College Program Rising School Career Tech Programs
Grades 09-12
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Location

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Neighborhood

285 Lynn Shore Drive # 402, Lynn MA 01902

Lynn, MA 01902

Listing Information

Listing Office Compass
Office Phone 617-752-6845
Agent MLS ID CN255980
Office MLS ID AN3337
Listing Data Updated Nov 9, 2024 11:37 PM EST
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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Steven Novak
Steven Novak
BMN Boston Real Estate
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BMN Boston Real Estate

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