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16 Fernway, Lynnfield MA 01940

Lynnfield, MA 01940
$1,022,000
Est. $6,201/month
4
Beds
3
Baths
3,332
Sq Ft
$307
Price/Sq Ft
0.34
Acres
1963
Year Built
15
Days on Market
Closed Listed Sep 18, 2024 • MLS# 73291720 Copied!

About this home

Exceptional location! Nestled in a sought after Lynnfield neighborhood, this 4BR Colonial is just mins from parks, schools, and the vibrant Lynnfield Market Street with dining, Starbucks, Whole Foods, fitness studios, & more. The 1st floor includes 2 large living areas, dining rm, office space & delightful sunroom perfect for entertaining. The updated eat-in kitchen boasts a bright solarium w/ a wall of windows, seamlessly connecting to the private backyard. Upstairs, the primary suite offers a luxurious en-suite bath and ample closet space, while 3 large bedrooms and a full bath complete the floor. The finished basement adds a versatile bonus room, ideal for a gym, playroom, or extra family space plus storage & a workshop. Outside, unwind on the charming patio with lush landscaping & a tranquil water feature. Hardwood floors, gas heat, 2 car attached garage & more! Potential for in-law suite adds unmatched versatility in one of Lynnfield’s most desirable neighborhoods!

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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
3,332 sq ft
Total Rooms
8

Sale Statistics

Sale Overview
Original List Price: $1,115,000
Final Sale Price: $1,022,000
Difference: $93,000 (-8.3%)
Performance Metrics
91.7%
List to Sale Ratio
Sold below asking price
15
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $335
Sale $/sq ft: $307
This property sold for $307 per square foot
Sale Summary

This property sold for 8.3% below the original asking price.

With only 15 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

2 Car Garage

Home Facts

Type Residential
Style Single Family Residence
Year Built 1963
Living Area 3,332 sq ft
Lot Size 0.34 acres
Bedrooms 4
Full Baths 3
Total Rooms 8

Interior

Heating Baseboard, Natural Gas
Cooling Window Unit(s)
Flooring Tile, Carpet, Hardwood, Flooring - Wood, Flooring - Stone/ceramic Tile, Flooring - Wall To Wall Carpet, Flooring - Hardwood
Appliances Gas Water Heater, Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Fireplace Family Room, Living Room
Fireplaces 2
Basement Full, Partially Finished, Interior Entry, Garage Access
Laundry Main Level, Electric Dryer Hookup, Washer Hookup, First Floor
Features Slider, Lighting - Overhead, Closet, Sun Room, Bonus Room, Foyer

Exterior

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

Parking

Garage Spaces 2
Has Garage Yes
Features Attached, Under, Garage Door Opener, Paved Drive, Off Street, Paved
Total Spaces 4

Utilities

Electric None
Water Public
Sewer Private Sewer
Gas None
Other For Electric Range, For Electric Oven, For Electric Dryer, Washer Hookup

Financial

Annual Tax $10,000
Assessed Value $951,500

Interior Features

Flooring: Tile, Carpet, Hardwood, Flooring - Wood, Flooring - Stone/Ceramic Tile, Flooring - Wall to Wall Carpet, Flooring - Hardwood
Appliances: Gas Water Heater, Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Interior Features: Slider, Lighting - Overhead, Closet, Sun Room, Bonus Room, Foyer
Windows: Screens
Basement: Full, Partially Finished, Interior Entry, Garage Access
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
Heating Zones: 5
Cooling: Window Unit(s)
Hot Water:
Water Source: Public
Sewer: Private Sewer
Energy Features:

Exterior & Lot

Exterior Features: Porch - Enclosed, Deck, Deck - Wood, Patio, Rain Gutters, Screens
Patio & Porch: Porch - Enclosed, Deck, Deck - Wood, Patio
Fencing:
Other Structures: Workshop
Lot Features: Wooded
Road Surface:

Parking & Garage

Garage Spaces: 2
Garage Type: Attached
Total Parking Spaces: 4
Parking Features: Attached, Under, Garage Door Opener, Paved Drive, Off Street, Paved

Special Features

Fireplaces: 2
Fireplace Type: Family Room, Living Room
Community Amenities: Shopping, Park, Golf, Medical Facility, Conservation Area, Highway Access, House of Worship, Public School

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

4 schools
Our Lady of the Assumption School
1.2 mi
Grades PK-08
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

2 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
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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 $833
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

-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

16.7%
Price Range
16
Total Days on Market

Property Timeline

Current Active Listing - MLS #73509078
Full transaction history available when tracking began
🏡
Currently Listed
Apr 29, 2026
$1,200,000
MLS #73509078 - Active
Sold
Nov 1, 2024
$1,022,000
Property sold
Days on Market: 16
🏠
Listed for Sale
Sep 18, 2024
$999,900
Original listing
Agent: Maureen Moran Office: Leading Edge Real Estate

Price & Status History

Date Event Price Change
Apr 29, 2026 Sold $1,200,000
Sep 18, 2024 New Listing Added $999,900

Market Statistics

Days on Market
15 days
Price per Sq Ft
$307

Tax History

Year Taxes Assessment
2024 $10,000 $951,500

Financial Details

Annual Property Tax
$10,000
Tax Year 2024
Assessed Value
$951,500

Listing Information

Listing Agent Maureen Moran
Listing Office Leading Edge Real Estate
Agent MLS ID CN235628
Office MLS ID AN5774
Listing Data Updated Nov 1, 2024 2:34 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

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