lot 1 Vallis Way, Lynnfield MA 01940

Lynnfield, MA 01940
$1,200,000
Est. $6,387/month
1.05
Acres
Residential
Type
783
Days on Market
Closed Listed Sep 28, 2025 • MLS# 73073585

About this home

LOT 1 IS 400' DOWN VALLIS WAY ON LEFT. This is a unique chance to build a dream home on level ground & free of wetlands, which is indeed a rarity. note that the price mentioned is for the land only. The binder coat of paving is complete This gorgeous subdivision, encompassing a scenic 7-acre area, will eventually house just four homes, making it a private and desirable location. The options for building are flexible, Offering the choice of using an independent builder. Prospective buyers or visitors should remember to coordinate with the listing agent The zoning allowing a 4 bedroom home plus offices is suitable for 3500-7000 sq ft homes. There are no wetlands in this subdivision.

Sale Statistics

Sale Overview
Original List Price: $1,299,000
Final Sale Price: $1,200,000
Difference: $99,000 (-7.6%)
Performance Metrics
92.4%
List to Sale Ratio
Sold below asking price
783
Days on Market
Extended listing
Sale Summary

This property sold for 7.6% below the original asking price.

At 783 days on market, this property took longer than average to sell.

Facts & Features

Property Overview

Property Type
Residential
Property Category
Land

Interior Features

Exterior & Structure

Waterfront Property
No

Lot & Land

Lot Size
1.05 acres
Lot Size
45,866 sq ft
Lot Size Area
1.0500
Lot Features
Level, Rolling Slope, Wooded, Cul-De-Sac, Curbs & Gutters, Storm Drains, Sidewalks
Road Surface Type
Paved

Parking & Garage

Utilities & Systems

Water Source
Public
Sewer
Private Sewer, Perc Test On File
Electric
Underground
Electric on Property
Yes
Gas
At Street

Community & HOA

Community Features
Sidewalks
HOA
No
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$99,999,999
Tax Year
9999
Tax Assessed Value
$999,999,999
Parcel Number
5231381
Additional Parcels
Yes
Zoning
RD

Additional Details

Location

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Neighborhood

lot 1 Vallis Way, Lynnfield MA 01940

Lynnfield, MA 01940

Walkability

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Schools

Elementary School
Summer St
Rating information coming soon
Middle School
Lms
Rating information coming soon
High School
Lhs
Rating information coming soon

Monthly Payment Calculator

%
%
Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $8,333,333
Homeowners Insurance $200
PMI $0

Property History

Market Insights

7.6%
Price Range
442
Total Days on Market

Property Timeline

Sold
May 13, 2025
$1,200,000
Property sold
Days on Market: 442
🏠
Listed for Sale
Jan 25, 2023
$1,299,000
Original listing
Agent: Rossetti/Poti Team Office: Coldwell Banker Realty - Lynnfield

Price & Status History

Date Event Price Change
Jan 25, 2023 New Listing Added $1,299,000

Market Statistics

Days on Market
783 days
Price per Sq Ft
$—

Tax History

Year Taxes Assessment
9999 $99,999,999 $999,999,999

Financial Details

Annual Property Tax
$99,999,999
Tax Year 9999
Assessed Value
$999,999,999

Listing Information

Listing Agent Rossetti/Poti Team
Listing Office Coldwell Banker Realty - Lynnfield
Agent MLS ID TEAM0130
Office MLS ID AN6219

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