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1200 Salem St # 131, Lynnfield MA 01940

Lynnfield, MA 01940
$570,000
Est. $3,979/month
2
Beds
3
Baths
2,060
Sq Ft
$277
Price/Sq Ft
1985
Year Built
5
Days on Market
Closed Listed Aug 18, 2021 • MLS# 72882981 Copied!

About this home

Impeccable, UPGRADED townhome located in desirable Cedar Pond Complex. This multi level home is a bright, corner unit with lots of natural light, updated kitchen with granite coutertops, JennAir stove, stainless steel appliances. All new hardwood stairs and hallway. The dining room is open concept with parquet floors. The living room features hardwood floor, gas fireplace leading to a spacious deck. The master bedroom is spacious with two walk in closets, master marble bath with jacuzzi tub . The lowel level is a finished family room with a half bath, access to garage and patio. This home is a MUST SEE and is in MOVE IN CONDITION!

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Property Overview

Property Type
Condominium
Listing Type
For Sale
Year Built
1985
Bedrooms
2
Full Bathrooms
2
Half Bathrooms
2
Living Area
2,060 sq ft
Total Rooms
6
Stories
3
Entry Level
1

Sale Statistics

Sale Overview
Original List Price: $509,900
Final Sale Price: $570,000
Difference: +$60,100 (+11.8%)
Performance Metrics
111.8%
List to Sale Ratio
Sold above asking price
5
Days on Market
Very fast sale
Price per Square Foot Analysis
Original $/sq ft: $248
Sale $/sq ft: $277
This property sold for $277 per square foot
Sale Summary

This property sold for 11.8% above the original asking price, indicating strong buyer demand.

With only 5 days on market, this was a quick sale compared to typical market conditions.

Nearby Sales Comparison

Based on 3 similar properties sold within 0.5 miles in the last 90 days

This Property
$277/sq ft
Area Average
$356/sq ft
Difference
22.3%

This property sold below the area average, potentially representing good value for the buyer.

Facts & Features

1 Car Garage
Central AC

Home Facts

Type Residential
Style Condominium
Year Built 1985
Living Area 2,060 sq ft
Bedrooms 2
Full Baths 2
Half Baths 2
Total Rooms 6

Interior

Heating Central, Forced Air, Natural Gas
Cooling Central Air
Flooring Wood, Tile, Carpet
Appliances Range, Dishwasher, Disposal, Microwave, Refrigerator
Fireplace Family Room, Living Room
Fireplaces 2
Basement N
Laundry Third Floor, Electric Dryer Hookup, Washer Hookup
Features None

Exterior

Construction Frame
Architecture None
Roof Shingle
Features Deck, Patio
Pool None
Spa None
Fencing None
Patio/Porch Deck, Patio

Parking

Garage Spaces 1
Has Garage Yes
Features Under, Off Street
Total Spaces 3

Utilities

Electric 100 Amp Service
Water Public
Sewer Public Sewer
Gas None
Other For Electric Range, For Electric Dryer, Washer Hookup

Financial

Annual Tax $4,964
Assessed Value $473,200

Interior Features

Flooring: Wood, Tile, Carpet
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator
Interior Features:
Windows:
Basement: N
Laundry: Third Floor, Electric Dryer Hookup, Washer Hookup
Security: Intercom, TV Monitor

Construction & Materials

Year Built: 1985
Structure Type: Townhouse
Exterior Materials: Frame
Roof: Shingle
Foundation:
Stories: 3

Heating, Cooling & Utilities

Heating: Central, Forced Air, Natural Gas
Heating Zones: 1
Cooling: Central Air
Hot Water:
Water Source: Public
Sewer: Public Sewer
Energy Features:

Exterior & Lot

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

Parking & Garage

Garage Spaces: 1
Garage Type: Attached
Total Parking Spaces: 3
Parking Features: Under, Off Street

Special Features

Fireplaces: 2
Fireplace Type: Family Room, Living Room
Community Amenities: Public Transportation, Shopping, Pool, Tennis Court(s), Medical Facility, Highway Access, House of Worship, Public School

Location

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Neighborhood

1200 Salem St # 131, Lynnfield MA 01940

Lynnfield, MA 01940

Walkability

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Nearby Schools

School District
Peabody School District local
C
School Safety 2024-25
2.1% Average
1.9% Suspensions 1.7% In-School 0.2% Emergency
3.4% below state avg
E

Elementary Schools

3 schools
Our Lady of the Assumption School
0.9 mi
Grades PK-08
C+
Capt. William G. Shoemaker Elementary School
1.1 mi | #545 of 824 | Score: 43.2
Improved 7 spots from last year
-15 below state avg
361 students Diverse
Diverse Student Body
Grades PK-05
C
John E. McCarthy School
1.4 mi | #612 of 824 | Score: 40.0
Dropped 34 spots from last year
-18.2 below state avg
385 students Diverse
Diverse Student Body
Grades K-05
H

High Schools

2 schools
Bridgewell Program
0.7 mi
Grades 09-12
C
Peabody Veterans Memorial High School
1.9 mi | #251 of 346 | Score: 45.9
Improved 8 spots from last year
-12.3 below state avg
1,333 students Diverse
19 sports • 1,614 athletes
Career Tech Programs Strong Athletics
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 $414
Homeowners Insurance $200
HOA Fee $483/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

26.1%
Price Range
9
Total Days on Market
1
Previous Sales

Property Timeline

Previous Transaction - MLS #73322362
Full transaction history available when tracking began
🏷️
Previously Sold
Feb 13, 2025
$690,000
MLS #73322362
Sold
Sep 27, 2021
$570,000
Property sold
Days on Market: 9
🏠
Listed for Sale
Aug 18, 2021
$509,900
Original listing
Agent: Robert Drummey Office: NE Property Consultants

Price & Status History

Date Event Price Change
Feb 13, 2025 Sold $690,000
Aug 18, 2021 New Listing Added $509,900

Market Statistics

Days on Market
5 days
Price per Sq Ft
$277

Tax History

Year Taxes Assessment
2021 $4,964 $473,200

Financial Details

Annual Property Tax
$4,964
Tax Year 2021
HOA Fee
$483
Per month
Assessed Value
$473,200

Listing Information

Listing Agent Robert Drummey
Listing Office NE Property Consultants
Agent MLS ID C3588945
Office MLS ID AN0420
Listing Data Updated Oct 14, 2021 5:38 PM 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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Market Analytics for Lynnfield, MA

Real-time market trends and pricing data for this area

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