231 Salem St, Lynnfield MA 01940

Lynnfield, MA 01940
$1,325,000
Est. $7,052/month
4
Beds
3.5
Baths
3,100
Sq Ft
$427
Price/Sq Ft
1.24
Acres
2024
Year Built
Single Family Residence
Type
63
Days on Market
Closed Listed Sep 28, 2025 • MLS# 73294275

About this home

Welcome to this stunning New Construction Colonial, nestled on a private 1.24-acre lot. This home features 4 spacious bedrooms, 3 ½ luxurious bathrooms, high ceilings, and gleaming hardwood floors throughout. The heart of the home is the beautifully designed kitchen, with custom white cabinetry, a large quartz island, and top-of-the-line stainless steel appliances—perfect for hosting and creating memories. The sun-drenched dining area flows seamlessly into the inviting family room, creating an ideal space for gathering. Enjoy quiet moments in the versatile living room or study. Upstairs, the master suite is a true retreat, with a spa-like bath, walk-in closet, and Three additional bedrooms. The finished lower level offers endless possibilities for recreation or play. Outside, the expansive yard is perfect for outdoor activities and entertaining. With an attached two-car garage and proximity to MarketStreet and major highways, this home offers privacy and convenience. Welcome home!

Sale Statistics

Sale Overview
Original List Price: $1,449,000
Final Sale Price: $1,325,000
Difference: $124,000 (-8.6%)
Performance Metrics
91.4%
List to Sale Ratio
Sold below asking price
63
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $467
Sale $/sq ft: $427
This property sold for $427 per square foot
Sale Summary

This property sold for 8.6% below the original asking price.

The property spent 63 days on market before selling.

Facts & Features

Property Overview

Property Type
Single Family Residence
Property Category
Residential
Year Built
2024
Bedrooms
4
Full Bathrooms
3
Half Bathrooms
1
Living Area
3,100 sq ft
Total Rooms
8

Interior Features

Flooring
Tile, Laminate, Hardwood
Heating
Forced Air, Propane
Has Heating
Yes
Cooling
Central Air
Has Cooling
Yes
Has Fireplace
No
Appliances
Water Heater, Range, Oven, Dishwasher, Microwave, Refrigerator
Interior Features
Bathroom - Full, Bathroom, Bonus Room
Laundry Features
Electric Dryer Hookup, Recessed Lighting, Second Floor
Basement Details
Full
Window Features
Screens

Exterior & Structure

Construction Materials
Frame
Architectural Style
Colonial
Roof
Shingle
Foundation
Concrete Perimeter
Exterior Features
Deck - Composite, Sprinkler System, Screens
Patio/Porch Features
Deck - Composite
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
1.24 acres
Lot Size
54,014 sq ft
Lot Size Area
1.2400
Lot Features
Cleared, Level
Road Frontage Type
Public

Parking & Garage

Garage Spaces
2
Has Garage
Yes
Attached Garage
Yes
Has Carport
No
Total Non-Garage Parking Spaces
6
Parking Features
Attached, Paved Drive, Paved
Covered Parking Spaces
2

Utilities & Systems

Water Source
Public
Sewer
Private Sewer
Electric
220 Volts

Community & HOA

Community Features
Shopping, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Conservation Area, Highway Access, Private School, Public School
HOA
No
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$999,999
Tax Year
2024
Tax Assessed Value
$605,000
Parcel Number
1983415
Zoning
RB

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Attached Property
Yes
Disclosures
Propane Gas, Builder is related to listing agent

Location

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Neighborhood

231 Salem St, 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 $83,333
Homeowners Insurance $200
PMI $0

Property History

Market Insights

61.8%
Price Range
65
Total Days on Market
1
Previous Sales

Property Timeline

Sold
Dec 17, 2024
$1,325,000
Property sold
Days on Market: 65
🏠
Listed for Sale
Sep 24, 2024
$1,389,000
Original listing
Agent: Louise Touchette Team Office: Coldwell Banker Realty - Lynnfield
Previous Transaction - MLS #73183821
Full transaction history available when tracking began
🏷️
Previously Sold
Jan 4, 2024
$530,000
MLS #73183821

Price & Status History

Date Event Price Change
Sep 24, 2024 New Listing Added $1,389,000
Jan 4, 2024 Sold $530,000

Market Statistics

Days on Market
63 days
Price per Sq Ft
$427

Tax History

Year Taxes Assessment
2024 $999,999 $605,000

Financial Details

Annual Property Tax
$999,999
Tax Year 2024
Assessed Value
$605,000

Listing Information

Listing Agent Louise Touchette Team
Listing Office Coldwell Banker Realty - Lynnfield
Agent MLS ID TM350730
Office MLS ID AN6219

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