$5,522 Closing Credit¹
#73342384, Jenna DeRose, Listing office: NextGen Realty, Inc.
$454,900 List price
589 Essex St Unit 405 Lynn, MA 01901
$5,402
Closing credit¹
2 beds
1 full
1,157 sqft
0.6 acres
$393 / sqft
Condo
Property details
About 589 Essex St Unit 405
Sophisticated penthouse loft in the iconic and architecturally striking Sloan Machinery Building, showcasing soaring 12’ beamed ceilings, dramatic 6-ft industrial-style windows, exposed brick walls, and exclusive deeded roof rights directly above the unit. Legally a 2-bedroom, this residence is currently configured as an expansive 1-bedroom, offering a flexible and airy open-concept layout. Interior highlights include rich hardwood flooring, a skylit kitchen with granite countertops and stainless steel appliances, two thoughtfully designed custom PAX walk-in closets, in-unit washer/dryer, a high-efficiency Bosch Combi boiler, and an updated AC system. Includes deeded heated garage parking. This professionally managed, pet-friendly, FHA-approved elevator building features secure ButterflyMX video intercom access. Ideally situated just 0.5 miles from the commuter rail and moments from Lynn’s vibrant restaurants, beaches, shops, and cultural venues—with convenient access to Boston!
Highlights
Home typeCondominium
HeatingForced Air, Natural Gas
StatusActive
(New)
(New)
CoolingCentral Air
Size1,157 sqft
Lot size0.58 Acres
Year built1823
ParkingUnder, Heated Garage, Deeded, Off Street
MLS #73396652
Attached garage1 space
Summary
- Full Bathrooms: 1
- Appliances: Range, Dishwasher, Microwave, Refrigerator, Freezer, Washer, Dryer
- Flooring Type: Wood
- Total Bedroom Count: 2
- Garage Space: 1 space
- Attached Garage: Yes
- Parking: Under, Heated Garage, Deeded, Off Street
- Exterior: Deck - Roof + Access Rights
- Heating: Forced Air, Natural Gas
- Cooling: Central Air
- List Price: $454,900
- Price/SqFt: $393
- HOA Amount: $440 Monthly
- Annual Tax Amount: $4,362
- Tax Year: 2024
- Directions: Rt 1A to Union St, to Baldwin, to Essex. 107 to Lawton, to Hamilton, to Rock, to Rockaway, to Essex.
- Year Built: 1823
- Stories: 1
- Living Area: 1,157 SqFt
- Lot Size: 0.58 Acres
- MLS Number: 73396652
- MLS Name: MLS Property Information Network
- Office Name: Amicone & Associates
- Office Phone: (978) 998-2867
- Listing Agent: Nikolas Amicone
Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/27/2025, 1:45:29 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$454,900
589 Essex St Unit 405
$5,402
closing credit¹
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 30, 2020 | Home Sold | $380,000 |
| Sep 09, 2005 | Home Sold | $306,950 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $414,200 | $4,362 |
| 2023 | $389,100 | $4,338 |
| 2022 | $361,000 | $4,487 |
| 2021 | $340,200 | $4,433 |
History based on county public records data.
Nearby schools
2
Cobbet Elementary School
Public District KG-5
0.2 mi
•40 Franklin St
2
Washington Elementary School
Public District PK-5
0.3 mi
•58 Blossom St
3
Robert L Ford
Public District 1-5
0.4 mi
•49 Hollingsworth St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $25,617. Most Lynn, MA residents have annual incomes less than $<35k. Most families are single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
60%
<35k
34%
35k-100k
4%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
60%
Single, No Kids
19%
Single, with Kids
8%
Married, No Kids
13%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
7%
12-17 yrs old
32%
18-34 yrs old
34%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Pro Wrestling
Figure Skating
Where do the neighbors shop?
Burlington
Family Dollar
Forever 21
Where do the neighbors go to eat?
Popeyes
Cicis Pizza
Church's Chicken
What do the neighbors drive?
Dodge
Pontiac
Cadillac
What do the neighbors listen to?
Urban Contemporary
Jazz
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 589 Essex St Unit 405
The listing price of 589 Essex St Unit 405 property is $454,900.
The property 589 Essex St Unit 405 is a condo located in Lynn, Massachusetts, 01901.
Active Listing: 589 Essex St Unit 405 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 589 Essex St Unit 405 are: Cobbet Elementary School (GreatSchools Rating 2/10), Washington Elementary School (GreatSchools Rating 2/10), Robert L Ford (GreatSchools Rating 3/10), Thurgood Marshall Middle School (GreatSchools Rating 4/10), Pickering Middle School (GreatSchools Rating 4/10), Breed Middle School (GreatSchools Rating 2/10), Kipp Academy Lynn Charter School (GreatSchools Rating 5/10), Fecteau-Leary Junior/Senior High School (GreatSchools Rating 1/10), Lynn Vocational Technical Institute (GreatSchools Rating 3/10).
According to the records, the last property tax for 2024 is $4,362 (source: MLS/based on county public records data).
The last sale was on November 30, 2020 for $380,000 (source: MLS/tax record).
The property at 589 Essex St Unit 405 has 2 bedrooms and 1 bathroom.
The property 589 Essex St Unit 405 is 1,157 SqFt (source: MLS/tax record).
The year of construction for 589 Essex St Unit 405 is 1823.
This home is located at 589 Essex St Unit 405 in Lynn, MA and zip code 01902. This 1,157 square foot home, which was built in 1823, sits on a 0.58 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since June 25, 2025 and is currently priced at $454,900.
Over 35 listings were sold over their listed price in May 2025 in Lynn, MA. In the same period over 13 listings were sold below the listed price and 5 listings were sold for the listed price. Between April and May 2025, Lynn, MA real estate market has seen increase in the number of listings by 2.5%. Listings spent 22 days on the market in May 2025, and had a median list price of $589,200 during the same period.
From Rocket Homes Real Estate and based on county public records data.