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385 Summer Street, Lynnfield MA 01940

Lynnfield, MA 01940
$725,000
Est. $3,859/month
3
Beds
2
Baths
1,381
Sq Ft
$525
Price/Sq Ft
19.85
Acres
1951
Year Built
Single Family Residence
Type
106
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73119555

About this home

Beautiful property overlooking Reedy Meadow providing privacy, tranquility and the beauty of nature, Unique opportunity to own such a large parcel of natural scenic land. Property includes 2 parcels. One consisting of 3-bedroom ranch on a 26,000 sq ft lot and second parcel of 18 acres of land. Property has many possibilities. Seller has done engineering and perk testing for septic for potential lot in 2 locations. Being together. Only one house lot possible. Not eligible for development due to wetland restrictions. Incredible property and could be a magnificent estate viewing beautiful sunsets overlooking the Meadow.

Sale Statistics

Sale Overview
Original List Price: $899,900
Final Sale Price: $725,000
Difference: $174,900 (-19.4%)
Performance Metrics
80.6%
List to Sale Ratio
Sold below asking price
106
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft: $652
Sale $/sq ft: $525
This property sold for $525 per square foot
Sale Summary

This property sold for 19.4% below the original asking price.

At 106 days on market, this property took longer than average to sell.

Facts & Features

Property Overview

Property Type
Single Family Residence
Property Category
Residential
Year Built
1951
Bedrooms
3
Full Bathrooms
2
Living Area
1,381 sq ft
Total Rooms
6

Interior Features

Flooring
Tile, Hardwood
Heating
Baseboard, Oil
Has Heating
Yes
Cooling
None
Has Cooling
No
Fireplace Features
Living Room
Has Fireplace
Yes
Number of Fireplaces
1
Appliances
Electric Water Heater, Water Heater, Range, Dishwasher
Interior Features
Central Vacuum
Laundry Features
In Basement
Basement Details
Full, Walk-Out Access, Interior Entry

Exterior & Structure

Construction Materials
Frame
Architectural Style
Ranch
Roof
Shingle
Foundation
Concrete Perimeter
Exterior Features
Porch - Enclosed, Patio, Storage, Sprinkler System
Patio/Porch Features
Porch - Enclosed, Patio
Has Spa
No
View
Scenic View(s)
Has View
Yes
Waterfront Property
No

Lot & Land

Lot Size
19.85 acres
Lot Size
864,474 sq ft
Lot Size Area
19.8500
Lot Features
Wooded, Easements, Additional Land Avail., Flood Plain, Marsh
Road Frontage Type
Public, Private Road

Parking & Garage

Garage Spaces
1
Has Garage
Yes
Attached Garage
Yes
Has Carport
No
Total Non-Garage Parking Spaces
2
Parking Features
Attached, Paved Drive, Shared Driveway, Off Street
Covered Parking Spaces
1

Utilities & Systems

Water Source
Public
Sewer
Private Sewer
Electric
Circuit Breakers

Community & HOA

Community Features
Shopping, Park, Golf, Public School
HOA
No
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$7,608
Tax Year
2023
Tax Assessed Value
$673,300
Tax Lot
2187
Tax Map Number
034
Parcel Number
1981973
Zoning
RA

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Attached Property
No
Disclosures
Septic for 3 bedroom home failed. 2 Parcels Map 34 Lot 21871 which is house on 26, 000 sq ft lot and Map 34 Lot 2885 838, 474 sq ft of land which includes wetlands . Not eligible to be more than one house .

Location

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Neighborhood

385 Summer Street, Lynnfield MA 01940

Lynnfield, MA 01940

Walkability

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Schools

Elementary School
Summer Street
Rating information coming soon

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $634
Homeowners Insurance $200
PMI $0

Property History

Market Insights

13.7%
Price Range
107
Total Days on Market

Property Timeline

✓
Sold
Dec 15, 2023
$725,000
Property sold
Days on Market: 107
🏠
Listed for Sale
Jun 2, 2023
$839,900
Original listing
Agent: Helen Bolino Office: Berkshire Hathaway HomeServices Commonwealth Real Estate

Price & Status History

Date Event Price Change
Jun 2, 2023 New Listing Added $839,900 —

Market Statistics

Days on Market
106 days
Price per Sq Ft
$525

Tax History

Year Taxes Assessment
2023 $7,608 $673,300

Financial Details

Annual Property Tax
$7,608
Tax Year 2023
Assessed Value
$673,300

Listing Information

Listing Agent Helen Bolino
Listing Office Berkshire Hathaway HomeServices Commonwealth Real Estate
Agent MLS ID C4366999
Office MLS ID AN4887

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