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420 Salem St, Lynnfield MA 01940

Lynnfield, MA 01940
$750,000
Est. $4,665/month
3
Beds
1.5
Baths
2,554
Sq Ft
$294
Price/Sq Ft
1.96
Acres
1880
Year Built
33
Days on Market
Closed Listed Dec 17, 2024 • MLS# 73320359 Copied!

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

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Property Overview

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

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

3 Car Garage

Home Facts

Type Residential
Style Single Family Residence
Year Built 1880
Living Area 2,554 sq ft
Lot Size 1.96 acres
Bedrooms 3
Full Baths 1
Half Baths 1
Total Rooms 7

Interior

Heating Baseboard, Oil
Cooling None
Flooring None
Appliances Water Heater
Fireplace None
Fireplaces 1
Basement Full, Dirt Floor
Laundry First Floor
Features None

Exterior

Construction Frame
Architecture Other (see Remarks)
Roof None
Features Porch, Storage, Barn/stable
Pool None
Spa None
Fencing None
Patio/Porch Porch

Parking

Garage Spaces 3
Has Garage Yes
Features Detached, Heated Garage, Storage, Workshop In Garage, Paved Drive, Off Street, Paved
Total Spaces 7

Utilities

Electric None
Water Public
Sewer Private Sewer
Gas None
Other None

Financial

Annual Tax $8,073
Assessed Value $768,100

Interior Features

Flooring:
Appliances: Water Heater
Interior Features:
Windows:
Basement: Full, Dirt Floor
Laundry: First Floor
Security:

Construction & Materials

Style: Other (See Remarks)
Year Built: 1880
Structure Type:
Exterior Materials: Frame
Roof:
Foundation: Stone

Heating, Cooling & Utilities

Heating: Baseboard, Oil
Cooling: None
Hot Water:
Water Source: Public
Sewer: Private Sewer
Energy Features:

Exterior & Lot

Exterior Features: Porch, Storage, Barn/Stable
Patio & Porch: Porch
Fencing:
Other Structures: Barn/Stable
Lot Features: Wooded, Easements
Road Surface:

Parking & Garage

Garage Spaces: 3
Total Parking Spaces: 7
Parking Features: Detached, Heated Garage, Storage, Workshop in Garage, Paved Drive, Off Street, Paved

Special Features

Fireplaces: 1
Fireplace Type:
Community Amenities: Public Transportation, Shopping, Park, Highway Access

Location

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Neighborhood

420 Salem St, 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
0.7 mi
Grades PK-08
A
Huckleberry Hill School
0.7 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
1.8 mi
36 students Less Diverse
Grades PK
A
Summer Street School
1.8 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
2.2 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
Bridgewell Program
0.9 mi
Grades 09-12
A
Lynnfield High School
1.9 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
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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 $673
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

11.8%
Price Range
35
Total Days on Market

Property Timeline

Current Active Listing - MLS #73503998
Full transaction history available when tracking began
🏡
Currently Listed
Apr 19, 2026
$849,999
MLS #73503998 - Active
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
Apr 20, 2026 Sold $849,999
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
Listing Data Updated Mar 5, 2025 3:37 PM EST
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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