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16 Fernway, Lynnfield MA 01940

Lynnfield, MA 01940
$1,200,000
Est. $7,139/month
4
Beds
3
Baths
3,387
Sq Ft
$354
Price/Sq Ft
0.34
Acres
1963
Year Built
4 hours 24 minutes
Time on Market
Active Open House Listed Apr 29, 2026 • MLS# 73509078 Copied!

About this home

Exceptional and rare opportunity in one of Lynnfield’s most desirable neighborhoods. This 4-BR/3BA Colonial offers over 3,300 sq ft, combining classic design with extensive recent improvements that enhance comfort & long-term value. The home features multiple living areas, sunlight-filled rooms, an updated kitchen with granite countertops/stainless steel appliances & a sun-drenched solarium overlooking a private backyard. Recent upgrades—including high-efficiency mini-split systems, electrical improvements, insulation, and interior paint throughout 1st & 2nd floors provide a level of investment rarely found at this price point. The lower-level recreation room is currently unfinished, offering excellent potential for future living space and square footage expansion. Ideally located near MarketStreet Lynnfield, parks, major commuter routes 128/93 & access to Lynnfield public schools. Open Houses Fri 5/1 5-6:30PM, Sat 5/2 12-1:30 & Sun 5/3 12-1:30 or Private Showings by appointment.

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Property Overview

Property Type
Single Family Residence
Listing Type
For Sale
Year Built
1963
Bedrooms
4
Full Bathrooms
3
Living Area
3,387 sq ft
Total Rooms
8

Open House Schedule

02
May
Saturday, May 2
12:00 PM - 1:30 PM EDT
03
May
Sunday, May 3
12:00 PM - 1:30 PM EDT
01
May
Friday, May 1
5:00 PM - 6:30 PM EDT

Facts & Features

2 Car Garage

Home Facts

Type Residential
Style Single Family Residence
Year Built 1963
Living Area 3,387 sq ft
Lot Size 0.34 acres
Bedrooms 4
Full Baths 3
Total Rooms 8

Interior

Heating Baseboard, Natural Gas, Ductless
Cooling Ductless
Flooring Wood, Tile, Carpet, Flooring - Wood, Flooring - Hardwood, Flooring - Stone/ceramic Tile, Flooring - Wall To Wall Carpet
Appliances Gas Water Heater, Range, Dishwasher, Refrigerator, Washer, Dryer, Plumbed For Ice Maker
Fireplace Family Room, Living Room
Fireplaces 2
Basement Full, Garage Access, Unfinished
Laundry Main Level, Electric Dryer Hookup, Washer Hookup, First Floor
Features Ceiling Fan(s), Slider, Lighting - Overhead, Closet, Recessed Lighting, Sun Room, Foyer, Bonus Room, Entry Hall, Center Hall, Wired For Sound

Exterior

Construction Frame
Architecture Colonial
Roof Shingle
Features Porch - Enclosed, Deck - Composite, Patio, Rain Gutters, Screens, Stone Wall
Pool None
Spa None
Fencing None
Patio/Porch Porch - Enclosed, Deck - Composite, Patio

Parking

Garage Spaces 2
Has Garage Yes
Features Attached, Under, Garage Door Opener, Storage, Paved Drive, Off Street, Paved
Total Spaces 6

Utilities

Electric 200+ Amp Service
Water Public
Sewer Private Sewer
Gas None
Other For Electric Range, For Electric Oven, For Electric Dryer, Washer Hookup, Icemaker Connection

Financial

Annual Tax $10,449
Assessed Value $989,500

Interior Features

Flooring: Wood, Tile, Carpet, Flooring - Wood, Flooring - Hardwood, Flooring - Stone/Ceramic Tile, Flooring - Wall to Wall Carpet
Appliances: Gas Water Heater, Range, Dishwasher, Refrigerator, Washer, Dryer, Plumbed For Ice Maker
Interior Features: Ceiling Fan(s), Slider, Lighting - Overhead, Closet, Recessed Lighting, Sun Room, Foyer, Bonus Room, Entry Hall, Center Hall, Wired for Sound
Windows: Insulated Windows, Screens
Basement: Full, Garage Access, Unfinished
Laundry: Main Level, Electric Dryer Hookup, Washer Hookup, First Floor
Security:

Construction & Materials

Style: Colonial
Year Built: 1963
Structure Type:
Exterior Materials: Frame
Roof: Shingle
Foundation: Other

Heating, Cooling & Utilities

Heating: Baseboard, Natural Gas, Ductless
Heating Zones: 4
Cooling: Ductless
Cooling Zones: 5
Hot Water:
Water Source: Public
Sewer: Private Sewer
Energy Features: Thermostat

Exterior & Lot

Exterior Features: Porch - Enclosed, Deck - Composite, Patio, Rain Gutters, Screens, Stone Wall
Patio & Porch: Porch - Enclosed, Deck - Composite, Patio
Fencing:
Other Structures:
Lot Features: Wooded, Gentle Sloping
Road Surface: Paved

Parking & Garage

Garage Spaces: 2
Garage Type: Attached
Total Parking Spaces: 6
Parking Features: Attached, Under, Garage Door Opener, Storage, Paved Drive, Off Street, Paved

Special Features

Fireplaces: 2
Fireplace Type: Family Room, Living Room
Community Amenities: Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Conservation Area, Highway Access, House of Worship, Public School, Sidewalks

Location

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Neighborhood

16 Fernway, 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

3 schools
A
Huckleberry Hill School
0.4 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
1.2 mi
36 students Less Diverse
Grades PK
A
Summer Street School
1.2 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
1.6 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

3 schools
A
Lynnfield High School
1.4 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
Bridgewell Program
1.4 mi
Grades 09-12
B+
Northeast Metropolitan Regional Vocational High School
1.8 mi | #141 of 346 | Score: 56.5
Improved 81 spots from last year
-1.7 below state avg
1,381 students Diverse
17 sports • 1,818 athletes
High Graduation Rate Rising School Career Tech Programs College Ready Curriculum
Grades 09-12
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $871
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

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

Rate Impact

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Current Rate
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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

14.8%
Price Range
1
Previous Sales

Property Timeline

🏠
Listed for Sale
Apr 29, 2026
$1,200,000
Original listing
Agent: Shari Melville Office: Citylight Homes LLC
Previous Transaction - MLS #73291720
Full transaction history available when tracking began
🏷️
Previously Sold
Nov 1, 2024
$1,022,000
MLS #73291720

Price & Status History

Date Event Price Change
Apr 29, 2026 New Listing Added $1,200,000
Nov 1, 2024 Sold $1,022,000

Market Statistics

Time on Market
4 hours 24 minutes
Price per Sq Ft
$354

Tax History

Year Taxes Assessment
2025 $10,449 $989,500

Financial Details

Annual Property Tax
$10,449
Tax Year 2025
Assessed Value
$989,500

Listing Information

Listing Agent Shari Melville
Listing Office Citylight Homes LLC
Agent MLS ID CN243802
Office MLS ID AN6617
Listing Data Updated Apr 29, 2026 9:03 AM EDT
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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