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87 Broad St #3, Lynn, MA, 01902

3beds
2baths
1,244sqft
$429,900
$346price/sqft
$3,065/moest. monthly cost
$122,600/yrincome needed

About This Home

Spacious, updated, and perfectly located — this 3-bedroom, 2 full bathroom top floor condo checks every box. With over 1,200 square feet of living space, high ceilings, and hardwood floors throughout, the layout feels open and inviting from the moment you arrive. The kitchen has been thoughtfully updated with quartz countertops, upgraded cabinets, and modern appliances. Separate living and dining areas offer flexibility for any lifestyle, and a covered balcony extends your living space outdoors. Two assigned parking spaces and a shared yard add everyday practicality, while the pet-friendly association ensures the whole family is welcome. Setback from the road and nestled between a church and a school, you're less than half a mile to the beach, minutes from the commuter rail to Boston, and within easy reach of great restaurants and shops. A rare find at this size and location.

Getting Around

93
WalkingWalker's Paradise
46
TransitSome Transit
65
BikeBikeable

Schools

Construction

Condition

  • Year built: 1900

Materials

  • Roof: Rubber
  • Construction materials: Frame

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Range,Dishwasher,Disposal,Microwave,Refrigerator,Washer,Dryer
  • Laundry features: In Basement,In Building

Basement

  • Has basement: Yes

Bathroom1

  • Features: Bathroom - Full, Bathroom - Tiled With Tub & Shower
  • Level: First

Bathroom2

  • Features: Bathroom - With Shower Stall
  • Level: First

Bedroom2

  • Features: Flooring - Hardwood
  • Level: First

Bedroom3

  • Features: Flooring - Hardwood
  • Level: First

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Features: Flooring - Hardwood
  • Level: First

Features

  • Window features: Insulated Windows
  • Flooring: Tile,Hardwood
  • Finished area above ground: 1,244
  • Common walls with other units/homes: No One Above

Heating & Cooling

  • Heating features: Natural Gas
  • Cooling features: Wall Unit(s)

Interior Area

  • Total structure area: 1,244
  • Total interior livable area: 1,244 sqft

Kitchen

  • Features: Flooring - Hardwood
  • Level: First

Living Room

  • Features: Flooring - Hardwood
  • Level: First

Master Bedroom

  • Features: Flooring - Hardwood
  • Level: First

Property

Details

  • Parcel number: 4698833
  • Zoning: R5
  • Exclusions: Window Air Conditioners. Personal Belongings. Wall Mount In Bedroom Stays. Tv Is Personal Property.

Features

  • Exterior features: Balcony
  • Waterfront features: Ocean,3/10 to 1/2 Mile To Beach,Beach Ownership(Public)

Parking

  • Total spaces: 2
  • Parking features: Off Street,Assigned
  • Uncovered spaces: 2

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

  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

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 $2,173$26,076
Home Insurance *$180$2,160
Property Taxes $358$4,296
Electricity $354$4,259
Total$3,065$36,780
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$105,085/yr
40% on housing$91,950/yr
45% on housing$81,733/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

$346This listing

vs Other Active Listings

Avg $/sqft

ZIP 01902$274
Essex County$385

vs Homes Sold Last Month

Median $/sqft

ZIP 01902$383
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
2026-07-15Price change$429,900
2026-06-24Listed for sale$449,900
2023-10-27Sold$389,000
2023-09-07Listed for sale$389,900
2022-12-02Listed for rent$2,600

For Sale by Agent

AgentBob Raiche
BrokerageLAER Realty Partners

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