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7 Central Sq Suite 203, Lynn, MA, 01901

1beds
1baths
855sqft
$309,900
$362price/sqft
$2,313/moest. monthly cost
$92,520/yrincome needed

About This Home

Oversized 1-bedroom loft-style condo in the heart of Downtown Lynn. Located on the 2nd floor, this spacious unit features high ceilings and six tall windows that fill the home with natural light and offer vibrant city views of trees and the park. The open layout allows for easy conversion of the living area into a second room or office. Laundry room is directly across the unit door. Positioned above a coffee shop, grocery stores, pizza restaurant, and nail hair salon. Across from a lively park with seasonal events and a neighboring museum. Art galleries and live theater are just steps away. Walking distance to markets, commuter rail station (2 stops to Boston), Lynn Ferry terminal, and Seaport Landing Marina. Minutes to North Shore Community College, Community Health Center, beach park with fishing pier, Lynn Beach, and indoor garage parking. Lynn is undergoing $150 million in city improvements to enhance waterfront access, walkability, and downtown appeal.

Getting Around

95
WalkingWalker's Paradise
48
TransitSome Transit
58
BikeBikeable

Schools

Construction

Condition

  • Year built: 1903

Type & Style

  • Home type: Condo
  • Architectural style: Other (See Remarks)
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Microwave,Refrigerator,Washer,Dryer
  • Laundry features: Electric Dryer Hookup

Basement

  • Has basement: Yes

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Window features: Screens
  • Flooring: Carpet,Laminate,Marble
  • Finished area above ground: 855

Heating & Cooling

  • Heating features: Baseboard,Electric Baseboard
  • Cooling features: Central Air

Interior Area

  • Total structure area: 855
  • Total interior livable area: 855 sqft

Master Bedroom

  • Features: Walk-In Closet(s)

Property

Accessibility

  • Accessibility features: Accessible Entrance

Details

  • Parcel number: M:082 B:624 L:010 S:005,4680890
  • Zoning: CBD

Features

  • Exterior features: Screens

Lot

  • Lot size: 8,542 sqft

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Inland Flooding
Ice Storm
Lightning
Tsunami

FEMA Declared Disasters Across Massachusetts Counties

Hurricane

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,567$18,804
Home Insurance *$134$1,608
Property Taxes $258$3,096
Electricity $354$4,259
Total$2,313$27,756
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$79,302/yr
40% on housing$69,390/yr
45% on housing$61,680/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.2%
8.2%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: -0.5%
-0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$362This listing

vs Other Active Listings

Avg $/sqft

ZIP 01901$199
Essex County$385

vs Homes Sold Last Month

Median $/sqft

ZIP 01901$541
Essex County$387

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-08Listed for sale$309,900
2026-03-05Listing removed$298,900
2025-12-10Listed for sale$298,900
2025-09-01Listing removed$299,900
2025-06-26Listed for sale$299,900
2019-06-24Sold$170,000
2019-05-02Pending sale$174,900
2019-03-21Price change$174,900
2019-02-18Listed for sale$199,900
2015-08-11Sold$900,000
2012-03-02Listing removed$99,000
2011-12-02Listed for sale$99,000

For Sale by Agent

AgentLisa Berry
BrokerageSimply Sell Realty

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