Lynn, MA Real Estate

An Overview of The Community

The large, dynamic metropolis of Lynn stands in Essex County just ten miles north of downtown Boston. Households relocating to this locale discover an impressive variety of houses, condos, townhomes and rental apartments here. With a population of well over 90,000 people, this urban center has become the ninth largest in Massachusetts.

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The communities of Swampscott, Salem, and Peabody border this City on the northeast and north. Lynnfield adjoins it on the northwest. Saugus, Cliftondale, and Revere extend along its outskirts from the west and southwest towards the south. Much of the eastern edge consists of Atlantic coastal shoreline. A narrow cape extends eastward from the beach to form a promontory of land comprising the independent municipalities of Nahant and Little Nahant.

This vibrant area offers many exciting employment and educational opportunities. Its population has grown in size during recent years. Residents enjoy quick access to the Port of Boston via either State Route 1A or the Salem Turnpike. Logan International Airport operates within easy commuting distance, just five miles south of the southern border of the city. A number of Massachusetts Bay Transportation Authority buses furnish regular transportation into Boston, as does the MBTA commuter railway. It makes a stop here along its Newbury to Rockport route.

Its coastal location means the community also benefits from seasonal ferry services. The City recently renovated an aging maritime facility near Blossom Street, adding more parking space and repairing the wharf. Today travelers can journey from this location to Boston's Central Wharf by ferry boat between late June and mid-September.

This area has developed a growing tourism industry. Residents of the community enjoy immediate access to coastal Lynn Heritage State Park and the city's beachfront. The Longyear Museum maintained the nearby Mary Baker Eddy House at 8 Broad Street as a tourist attraction for many years. (The founder of Christian Science resided in this city between 1875 and 1882.)

Since 1881, the City has maintained the Lynn Woods Reservation located close to its northwestern border. This scenic area of wetlands, water, and woods today serves as an important natural watershed. It offers miles of scenic walking trails and adjoins a formal public garden. Additionally, a well-planned series of parks and green belts intersperse residential areas here, providing locations for the enjoyment of outdoor areas.

This city maintains a long history as an industrial, manufacturing and commercial center. Its developed urban infrastructure offers residents a full range of services. In recent years, urban renewal has helped revitalize the community. A number of renovation projects remain ongoing at this time, particularly along the waterfront.

Today, residents easily access world-class shopping, dining, and entertainment opportunities within the immediate vicinity. Hospitals and medical clinics in the area provide emergency and specialized health care services. They include prestigious Massachusetts General Hospital, a very highly rated facility in nearby Boston. Some excellent private and public schools also operate within this community and its environs.

The City maintains a number of unique neighborhoods. These include East Lynn, West Lynn, Raddin Station, and Wyoma. Additionally, a few mainly industrial and manufacturing districts form distinctive locales here, particularly in the extreme southern portion of the town.

Single Family Houses For Sale or Lease

People searching for standalone housing in this location enjoy a wide selection of old and new modular, wood frame and brick houses. Although not widely available, lots suitable for residential development do reach the marketplace from time to time also. The community does not have an extensive market for mobile homes at the current time, although some nearby cities (including Peabody) encompass several trailer parks.

The prices of houses vary widely. A number of factors may influence listing prices for these properties. Important considerations include the location, the construction materials, the age, the condition, the available square footage, the floorplan, and the presence of a yard (or not). Some buyers will pay more money for homes offering in-demand amenities, such as multiple bathrooms, attached multi-car garages, home automation, and built-in appliances.

Prices in this housing category fall across a broad spectrum, ranging from the high $100,000s to well over $500,000. The age and size of the community means home buyers can locate houses dating from a variety of different time periods. Whether you prefer rambling ranch homes constructed during the 1950s, automated energy-efficient houses from the current decade, or any of the architectural styles popular during the interim, you'll enjoy an excellent opportunity to locate your ideal residence in this city!

Available older homes on the market frequently include renovated or updated structures built during earlier eras. In some cases, homeowners will choose to modernize an existing kitchen or add additional bathrooms or bedrooms during the course of their ownership of a residence. Recently renovated houses sometimes offer exceptional home values. Updating may allow a property owner to include modern conveniences, while still maintaining the most important aspects of an older dwelling's original design.

Condos And Townhouses For Sale or Lease

Property seekers in this city discover a wealth of condo and townhome properties for sale or lease. A wide array of styles and floor plans offer great variability. Buyers can select properties in planned residential communities. They also discover a number of units available in older homes or buildings converted to condo or townhome use.

The price of an individual unit may vary widely based upon a number of considerations. The location and management issues affecting the residential community sometimes factor into listing prices. Additionally, the square footage of a property, the age, the condition, and the presence of attractive group amenities may figure into a sales price for a condo or a townhome.

In this community, the availability of allocated covered parking sometimes enhances marketability. Prospective purchasers should also make inquiries concerning any applicable rules within a condominium or townhome community before entering into a lease agreement. For example, it usually proves helpful to pay close attention to the existing monthly, quarterly, or annual association dues. Too low a figure may suggest sporadic of insufficient maintenance efforts.

Regulations within residential communities sometimes vary widely concerning issues such as pet policies, subleasing provisions (if any), and the use of community amenities, such as group dining rooms or athletic facilities. Some condominium or townhome association charters place age restrictions upon property ownership, while others do not. Additionally, you'll discover both furnished and unfurnished units available for purchase or lease in some locations.

Customer who require specific amenities in a condo or a townhome, such as a unit equipped with a customized floorplan, may decide to purchase a unit directly from a builder or developer. This large urban marketplace often permits home seekers to choose condos and townhomes from either existing owners who have decided to re-sell or developers.

Opting for a custom-built property may entail a waiting period during project construction. However, customers who do choose to order patio homes, condos or townhomes directly from a builder may obtain more choices with respect to the finishing of their units. For instance, in some cases builders will permit buyers to specify features such as the presence or absence of a patio or a balcony, the selection of the floor plan, and the height of kitchen cabinets.

An impressive variety of condo and townhome selections in this market pleases many home seekers. In recent years, prices for these units have covered a spectrum. In general, large customized units in new building tend to command higher prices than previously owned small units within the same location. The extent of the total usable floor space usually contributes significantly to the sales price.

Apartments

Home seekers in this city will discover numerous rental apartments. Apartment complexes and apartment buildings supply the greatest number of units by far. However, customers can also locate apartments in some older houses. Available rental units in the community run the gamut from efficiency and studio apartments to multi-bedroom and multi-bath luxury penthouse suites.

Rental prices vary widely within this marketplace. They cover a spectrum from well under a $1,000 per month to several thousands of dollars per month. The location, the size, the age, the condition, the floor plan, the availability of in-demand community amenities, and the presence of panoramic views may all influence rental prices. Usually, larger apartment units command higher rents than smaller apartments in the same building.

The urban environment of the city has likely contributed to the popularity of apartments as a housing selection here. The city offers a well-developed transportation infrastructure, so residents in some situations can rely upon mass transit systems to reach commuting destinations. Some apartment buildings in the downtown area offer convenient foot access to employment, shopping, and entertainment facilities. However, home seekers will discover apartments for rent throughout the city. The excellent transportation infrastructure provides convenient mass transit alternatives to driving in many situations.

Apartment seekers may need to search diligently in order to locate pet friendly apartment complexes. Landlords in the community frequently place size or weight restrictions on pets, particularly on dogs. In some cases, tenants may negotiate with landlords concerning this issue. Some pet-friendly apartment complexes permit pets upon the payment of an additional deposit to cover potential damage.

Additionally, tenants may find they must pay additional charges for specific optional utility services, particularly television, Internet and phone service. In some cases, landlords will include many basic utilities, such as electricity and heating and cooling systems, within the monthly rental fee. In order to determine the full price of a rental unit, tenants may wish to inquire about this issue prior to signing a formal lease agreement.

Most landlords in this city require tenants to submit an initial application and a security deposit. Tenants with a poor credit history may encounter a more difficult time obtaining approval than tenants with excellent credit records. Tenants may benefit by conducting research prior to entering into a rental agreement to determine how well landlords satisfy tenant requests for repair and maintenance services.

Effective Ways to Search For Real Property Here

During 2016, the median value of a standalone house or condo in this city stood slightly below the median price for the entire state of Massachusetts. This statistic might indicate some purchasers may locate attractive property values here in the future. However, it could also reflect the prevalence of a large supply of affordably priced residential units.

Among all types of available housing, standalone houses commanded the highest per capita prices. The median gross rent for every category of housing during that year stood just below $1,190. Market conditions in this city remain subject to supply and demand, so property seekers should anticipate possible fluctuations in sales prices over time.

A gradual appreciation in land values here during recent decades likely contributes to current home sales figures. It has also inspired some developers to renovate underutilized locations in this city for residential purposes recently. As the population has increased, the area has witnessed a rising demand for homes.

Median list prices in this city vary significantly from one location to another, often by tens of thousands of dollars. As you evaluate real property in Massachusetts, you may find it helpful to obtain knowledgeable assistance from Boston City Properties. Our team possesses expertise in analyzing and predicting realty trends. We use our familiarity with local real estate market conditions to assist our customers.

Our company possesses intimate familiarity with the local real estate marketplace in Boston and outlying cities. We help both people selling properties, and home seekers and investors. If you plan on hunting for homes in Lynn soon, we can assist you in locating listings meeting your requirements. Ask us to help you expedite and streamline your search efforts.

Available to Assist You

To speak with a representative of Boston City Properties, simply use the convenient website contact form. You can also reach us by dialing 617-247-1933. We assist both customers listing real property and prospective buyers. Call us soon to obtain fast, skilled real property services!

Lynn Condo Developments

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