420 Salem St, Lynnfield MA 01940

Lynnfield, MA 01940
$750,000
Est. $3,992/month
3
Beds
1.5
Baths
2,554
Sq Ft
$294
Price/Sq Ft
1.96
Acres
1880
Year Built
Single Family Residence
Type
33
Days on Market
Closed Listed Sep 29, 2025 • MLS# 73320359

About this home

ATTENTION; DEVELOPERS, INVESTORS AND CONTRACTORS!! Bring your vision and don't miss out on this once in a lifetime rare opportunity to build your dream home on a 1.96 acre lot in Lynnfield. Home requires extensive repair or teardown however some unique amenities include an oversized heated 2 car garage with 1/2 bath perfect for the car enthusiast or workshop, two storage sheds and large unpaved driveway. The lot could potentially be subdivided. Home is set back allowing for privacy yet is just minutes away from Market Street, Whole Foods, fine dining, shopping and major highways. Buyer is responsible for any and all inspections needed to sell the property. There is an electrical easement on property along with conservation/wetlands buyers to do their due diligence regarding all aspects of home/land. Property sold as is. CASH ONLY

Sale Statistics

Sale Overview
Original List Price: $799,900
Final Sale Price: $750,000
Difference: $49,900 (-6.2%)
Performance Metrics
93.8%
List to Sale Ratio
Sold below asking price
33
Days on Market
Average time
Price per Square Foot Analysis
Original $/sq ft: $313
Sale $/sq ft: $294
This property sold for $294 per square foot
Sale Summary

This property sold for 6.2% below the original asking price.

The property spent 33 days on market before selling.

Facts & Features

Property Overview

Property Type
Single Family Residence
Property Category
Residential
Year Built
1880
Bedrooms
3
Full Bathrooms
1
Half Bathrooms
1
Living Area
2,554 sq ft
Total Rooms
7

Interior Features

Heating
Baseboard, Oil
Has Heating
Yes
Cooling
None
Has Cooling
No
Has Fireplace
Yes
Number of Fireplaces
1
Appliances
Water Heater
Laundry Features
First Floor
Basement Details
Full, Dirt Floor

Exterior & Structure

Construction Materials
Frame
Architectural Style
Other (See Remarks)
Foundation
Stone
Exterior Features
Porch, Storage, Barn/Stable
Patio/Porch Features
Porch
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
1.96 acres
Lot Size
85,321 sq ft
Lot Size Area
1.9600
Lot Features
Wooded, Easements
Road Frontage Type
Public

Parking & Garage

Garage Spaces
3
Has Garage
Yes
Attached Garage
No
Has Carport
No
Total Non-Garage Parking Spaces
4
Parking Features
Detached, Heated Garage, Storage, Workshop in Garage, Paved Drive, Off Street, Paved
Covered Parking Spaces
3

Utilities & Systems

Water Source
Public
Sewer
Private Sewer

Community & HOA

Community Features
Public Transportation, Shopping, Park, Highway Access
HOA
No
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$8,073
Tax Year
2024
Tax Assessed Value
$768,100
Parcel Number
M:0051 B:0000 L:1737,1983477
Zoning
RB

Additional Details

Year Built Source
Public Records
Year Built Details
Approximate,Unknown/Mixed
Attached Property
No
Disclosures
House is in need of extensive repair/teardown. Property sold as is. Sellers will leave any unwanted items behind in/on property. Seller requires a 90 day use and occupancy post closing. There is an electrical easement on property along with some conservation/wetlands.

Location

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Neighborhood

420 Salem St, Lynnfield MA 01940

Lynnfield, MA 01940

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $673
Homeowners Insurance $200
PMI $0

Property History

Market Insights

6.2%
Price Range
35
Total Days on Market

Property Timeline

Sold
Mar 5, 2025
$750,000
Property sold
Days on Market: 35
🏠
Listed for Sale
Dec 17, 2024
$799,900
Original listing
Agent: The Apex Team Office: Apex Realty Group, LLC

Price & Status History

Date Event Price Change
Dec 17, 2024 New Listing Added $799,900

Market Statistics

Days on Market
33 days
Price per Sq Ft
$294

Tax History

Year Taxes Assessment
2024 $8,073 $768,100

Financial Details

Annual Property Tax
$8,073
Tax Year 2024
Assessed Value
$768,100

Listing Information

Listing Agent The Apex Team
Listing Office Apex Realty Group, LLC
Agent MLS ID TM335186
Office MLS ID AN2707

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