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16 Fernway, Lynnfield MA 01940

Lynnfield, MA 01940
$1,022,000
Est. $5,440/month
4
Beds
3
Baths
3,332
Sq Ft
$307
Price/Sq Ft
0.34
Acres
1963
Year Built
Single Family Residence
Type
15
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73291720

About this home

Exceptional location! Nestled in a sought after Lynnfield neighborhood, this 4BR Colonial is just mins from parks, schools, and the vibrant Lynnfield Market Street with dining, Starbucks, Whole Foods, fitness studios, & more. The 1st floor includes 2 large living areas, dining rm, office space & delightful sunroom perfect for entertaining. The updated eat-in kitchen boasts a bright solarium w/ a wall of windows, seamlessly connecting to the private backyard. Upstairs, the primary suite offers a luxurious en-suite bath and ample closet space, while 3 large bedrooms and a full bath complete the floor. The finished basement adds a versatile bonus room, ideal for a gym, playroom, or extra family space plus storage & a workshop. Outside, unwind on the charming patio with lush landscaping & a tranquil water feature. Hardwood floors, gas heat, 2 car attached garage & more! Potential for in-law suite adds unmatched versatility in one of Lynnfield’s most desirable neighborhoods!

Sale Statistics

Sale Overview
Original List Price: $1,115,000
Final Sale Price: $1,022,000
Difference: $93,000 (-8.3%)
Performance Metrics
91.7%
List to Sale Ratio
Sold below asking price
15
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $335
Sale $/sq ft: $307
This property sold for $307 per square foot
Sale Summary

This property sold for 8.3% below the original asking price.

With only 15 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
Single Family Residence
Property Category
Residential
Year Built
1963
Bedrooms
4
Full Bathrooms
3
Living Area
3,332 sq ft
Total Rooms
8

Interior Features

Flooring
Tile, Carpet, Hardwood, Flooring - Wood, Flooring - Stone/Ceramic Tile, Flooring - Wall to Wall Carpet, Flooring - Hardwood
Heating
Baseboard, Natural Gas
Has Heating
Yes
Cooling
Window Unit(s)
Has Cooling
Yes
Fireplace Features
Family Room, Living Room
Has Fireplace
Yes
Number of Fireplaces
2
Appliances
Gas Water Heater, Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features
Slider, Lighting - Overhead, Closet, Sun Room, Bonus Room, Foyer
Laundry Features
Main Level, Electric Dryer Hookup, Washer Hookup, First Floor
Basement Details
Full, Partially Finished, Interior Entry, Garage Access
Window Features
Screens

Exterior & Structure

Construction Materials
Frame
Architectural Style
Colonial
Roof
Shingle
Foundation
Other
Exterior Features
Porch - Enclosed, Deck, Deck - Wood, Patio, Rain Gutters, Screens
Patio/Porch Features
Porch - Enclosed, Deck, Deck - Wood, Patio
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.34 acres
Lot Size
15,002 sq ft
Lot Size Area
0.3400
Lot Features
Wooded
Road Frontage Type
Public

Parking & Garage

Garage Spaces
2
Has Garage
Yes
Attached Garage
Yes
Has Carport
No
Total Non-Garage Parking Spaces
2
Parking Features
Attached, Under, Garage Door Opener, Paved Drive, Off Street, Paved
Covered Parking Spaces
2

Utilities & Systems

Utilities Available
for Electric Range, for Electric Oven, for Electric Dryer, Washer Hookup
Water Source
Public
Sewer
Private Sewer

Community & HOA

Community Features
Shopping, Park, Golf, Medical Facility, Conservation Area, Highway Access, House of Worship, Public School
HOA
No
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$10,000
Tax Year
2024
Tax Assessed Value
$951,500
Parcel Number
M:0045 B:0000 L:1952,1982946
Zoning
RA

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate
Attached Property
No
Disclosures
Title V certification is in process/will be completed. Fireplace flames are digitally staged. 3/4 bath (not full) on first floor. Foundation is made of cinder blocks.

Location

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Neighborhood

16 Fernway, Lynnfield MA 01940

Lynnfield, MA 01940

Walkability

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Schools

Elementary School
Huckleberry
Rating information coming soon
Middle School
Lms
Rating information coming soon
High School
Lhs
Rating information coming soon

Monthly Payment Calculator

%
%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $833
Homeowners Insurance $200
PMI $0

Property History

Market Insights

2.2%
Price Range
16
Total Days on Market

Property Timeline

✓
Sold
Nov 1, 2024
$1,022,000
Property sold
Days on Market: 16
🏠
Listed for Sale
Sep 18, 2024
$999,900
Original listing
Agent: Maureen Moran Office: Leading Edge Real Estate

Price & Status History

Date Event Price Change
Sep 18, 2024 New Listing Added $999,900 —

Market Statistics

Days on Market
15 days
Price per Sq Ft
$307

Tax History

Year Taxes Assessment
2024 $10,000 $951,500

Financial Details

Annual Property Tax
$10,000
Tax Year 2024
Assessed Value
$951,500

Listing Information

Listing Agent Maureen Moran
Listing Office Leading Edge Real Estate
Agent MLS ID CN235628
Office MLS ID AN5774

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