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505 Summer St, Lynnfield MA 01940

Lynnfield, MA 01940
$815,000
Est. $4,338/month
3
Beds
1.5
Baths
1,824
Sq Ft
$447
Price/Sq Ft
0.48
Acres
1928
Year Built
Single Family Residence
Type
15
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73149103

About this home

Welcome to Lynnfield, where this charming centrally located 3 bedroom 1.5 bathroom home awaits its new owner! Situated directly across from the picturesque Pillings Pond, you'll be able to take in the stunning water views from your front steps. As you step inside, you'll immediately be drawn to the beautiful open kitchen with granite counters and island, eat in area, and stainless appliances, perfect for entertaining and cooking up delicious meals. The dining room is spacious with built ins and can comfortably seat all of your guests, while the fireplace living room provides a cozy and inviting atmosphere for relaxing after a long day. With half an acre of land, you'll have plenty of space to enjoy the outdoors, whether it's gardening, playing with your pets, or simply taking in the fresh air. Utilize Pillings Pond all year round from Kayaking and fishing in the warmer months to Ice Skating in the winter, Don't miss this opportunity to own a piece of Lynnfield's natural beauty!

Sale Statistics

Sale Overview
Original List Price: $835,000
Final Sale Price: $815,000
Difference: $20,000 (-2.4%)
Performance Metrics
97.6%
List to Sale Ratio
Sold below asking price
15
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $458
Sale $/sq ft: $447
This property sold for $447 per square foot
Sale Summary

This property sold for 2.4% 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
1928
Bedrooms
3
Full Bathrooms
1
Half Bathrooms
1
Living Area
1,824 sq ft
Total Rooms
8

Interior Features

Flooring
Tile, Hardwood, Flooring - Hardwood
Heating
Electric Baseboard, Hot Water, Natural Gas, Electric
Has Heating
Yes
Cooling
Wall Unit(s)
Has Cooling
Yes
Fireplace Features
Living Room
Has Fireplace
Yes
Number of Fireplaces
1
Appliances
Range, Dishwasher, Microwave, Refrigerator
Interior Features
Walk-In Closet(s), Closet, Bonus Room
Laundry Features
In Basement, Electric Dryer Hookup, Washer Hookup
Basement Details
Full, Walk-Out Access, Interior Entry, Concrete

Exterior & Structure

Architectural Style
Cape
Roof
Shingle
Foundation
Concrete Perimeter
Exterior Features
Rain Gutters
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.48 acres
Lot Size
20,730 sq ft
Lot Size Area
0.4800
Road Frontage Type
Public

Parking & Garage

Has Garage
No
Total Non-Garage Parking Spaces
6
Parking Features
Paved Drive, Off Street

Utilities & Systems

Utilities Available
for Gas Range, for Electric Dryer, Washer Hookup
Water Source
Public
Sewer
Private Sewer
Electric
100 Amp Service
Security Features
Security System
Energy Efficient Features
Thermostat

Community & HOA

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

Financial & Tax Information

Annual Tax Amount
$6,947
Tax Year
2023
Tax Assessed Value
$614,800
Parcel Number
M:0035 B:0000 L:2482,1982165
Zoning
RA

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Attached Property
No
Disclosures
Subject to sellers securing specific propety which is already under agreement/ closing 10/13 requested. Small crack in dining window and basement window. Front roof is approx 10 years old. Gas converted heating approx 10 years old. Home is sold AS IS.
Exclusions
Washer Dryer

Location

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Neighborhood

505 Summer St, Lynnfield MA 01940

Lynnfield, MA 01940

Walkability

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Schools

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

Monthly Payment Calculator

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%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $579
Homeowners Insurance $200
PMI $0

Property History

Market Insights

2%
Price Range
16
Total Days on Market

Property Timeline

✓
Sold
Oct 13, 2023
$815,000
Property sold
Days on Market: 16
🏠
Listed for Sale
Aug 16, 2023
$799,000
Original listing
Agent: Hixon + Bevilacqua Home Group Office: Coldwell Banker Realty - Lynnfield

Price & Status History

Date Event Price Change
Aug 16, 2023 New Listing Added $799,000 —

Market Statistics

Days on Market
15 days
Price per Sq Ft
$447

Tax History

Year Taxes Assessment
2023 $6,947 $614,800

Financial Details

Annual Property Tax
$6,947
Tax Year 2023
Assessed Value
$614,800

Listing Information

Listing Agent Hixon + Bevilacqua Home Group
Listing Office Coldwell Banker Realty - Lynnfield
Agent MLS ID TM351528
Office MLS ID AN6219

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