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1100 Salem St # 55, Lynnfield MA 01940

Lynnfield, MA 01940
$560,000
Est. $3,956/month
2
Beds
2.5
Baths
1,388
Sq Ft
$403
Price/Sq Ft
1983
Year Built
70
Days on Market
Closed Listed Aug 5, 2024 • MLS# 73273739 Copied!

About this home

PRICE REDUCTION...Tranquil Setting in Desirable Lynnfield Cedar Pond Community So convenient to all Surrounding Areas Including Popular Market Place with Lots of Shopping and Trendy Restaurants Open Floor Plan to Sit and Enjoy this Wonderful Condominium.. Seller has Taken Special Care of Her Home She Has Enjoyed for Many Years An Entertainers Delight with Newly Renovated Kitchen and all Updated Appliances Two and One Half Newly Updated Baths, Lots of Storage Space Throughout the Unit. 2nd Floor Has 2 Generous Sized Bedrooms, Main Br With It's Own Bath and California Closets. W/D on This Floor for Convenience . All Rooms are Bright and Sunny Throughout the Day. Exclusive Area in Complex Includes Pool, Clubhouse with Exercise Room and Tennis Courts For You to Enjoy or Just Take a Quiet Relaxing Walk Around the Complex ,Visitor Parking . OPEN HOUSE SAT 9/28 12-2PM

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1983
Bedrooms
2
Full Bathrooms
2
Half Bathrooms
1
Living Area
1,388 sq ft
Total Rooms
5
Stories
2
Entry Level
2

Sale Statistics

Sale Overview
Original List Price: $579,000
Final Sale Price: $560,000
Difference: $19,000 (-3.3%)
Performance Metrics
96.7%
List to Sale Ratio
Sold below asking price
70
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $417
Sale $/sq ft: $403
This property sold for $403 per square foot
Sale Summary

This property sold for 3.3% below the original asking price.

The property spent 70 days on market before selling.

Nearby Sales Comparison

Based on 5 similar properties sold within 0.5 miles in the last 90 days

This Property
$403/sq ft
Area Average
$344/sq ft
Difference
+17.3%

This property sold for significantly more per square foot than similar nearby properties, suggesting premium features or condition.

Facts & Features

1 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1983
Living Area 1,388 sq ft
Bedrooms 2
Full Baths 2
Half Baths 1
Total Rooms 5

Interior

Heating Forced Air, Heat Pump, Electric
Cooling Central Air
Flooring Carpet, Laminate
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace None
Basement N
Laundry In Unit
Features None

Exterior

Construction None
Architecture None
Roof None
Features None
Pool Association, In Ground
Spa None
Fencing Security
Patio/Porch None

Parking

Garage Spaces 1
Has Garage Yes
Features Carport, Off Street, Deeded, Guest
Total Spaces 2

Utilities

Electric None
Water Public
Sewer Public Sewer
Gas None
Other None

Financial

Annual Tax $4,027
Assessed Value $441,600

Interior Features

Flooring: Carpet, Laminate
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features:
Windows:
Basement: N
Laundry: In Unit
Security: Intercom, TV Monitor, Security Gate

Construction & Materials

Year Built: 1983
Structure Type: Garden, Mid-Rise
Exterior Materials:
Roof:
Foundation:
Stories: 2

Heating, Cooling & Utilities

Heating: Forced Air, Heat Pump, Electric
Heating Zones: 2
Cooling: Central Air
Cooling Zones: 2
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Garage Spaces: 1
Total Parking Spaces: 2
Parking Features: Carport, Off Street, Deeded, Guest

Location

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Neighborhood

1100 Salem St # 55, Lynnfield MA 01940

Lynnfield, MA 01940

Walkability

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Nearby Schools

School District
Lynnfield School District local
A
School Safety 2024-25
0.3% Low
0.2% Suspensions 0.1% Emergency
5.2% below state avg
E

Elementary Schools

4 schools
Our Lady of the Assumption School
0.9 mi
Grades PK-08
A
Huckleberry Hill School
1.9 mi | #149 of 824 | Score: 57.1
Dropped 122 spots from last year
-1.1 below state avg
416 students Moderate
Strong Attendance
Grades K-04
Lynnfield Preschool
3.0 mi
36 students Less Diverse
Grades PK
A
Summer Street School
3.0 mi | #118 of 824 | Score: 58.1
Improved 37 spots from last year
-0.1 below state avg
440 students Less Diverse
Rising School Strong Attendance
Grades K-04
M

Middle Schools

1 school
A
Lynnfield Middle School
3.5 mi | #58 of 352 | Score: 55.5
Improved 34 spots from last year
-2.7 below state avg
698 students Moderate
Rising School Strong Attendance
Grades 05-08
H

High Schools

2 schools
Bridgewell Program
0.7 mi
Grades 09-12
A
Lynnfield High School
2.8 mi | #62 of 346 | Score: 65.4
Dropped 41 spots from last year
+7.2 above state avg
588 students Moderate
18 sports • 1,490 athletes
High Graduation Rate College Ready Curriculum Strong Athletics Strong Attendance
Grades 09-12
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Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

Monthly Payment Breakdown

Principal & Interest $0
Property Tax $336
Homeowners Insurance $200
HOA Fee $589/mo
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

0.2%
Price Range
72
Total Days on Market

Property Timeline

Sold
Nov 7, 2024
$560,000
Property sold
Days on Market: 72
🏠
Listed for Sale
Aug 5, 2024
$559,000
Original listing
Agent: Diane Cambria Office: Century 21 North East

Price & Status History

Date Event Price Change
Aug 5, 2024 New Listing Added $559,000

Market Statistics

Days on Market
70 days
Price per Sq Ft
$403

Tax History

Year Taxes Assessment
2024 $4,027 $441,600

Financial Details

Annual Property Tax
$4,027
Tax Year 2024
HOA Fee
$589
Monthly
Assessed Value
$441,600

Listing Information

Listing Agent Diane Cambria
Listing Office Century 21 North East
Agent MLS ID C9500136
Office MLS ID AN4342
Listing Data Updated Nov 10, 2024 2:47 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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Market Analytics for Lynnfield, MA

Real-time market trends and pricing data for this area

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