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420 Salem St, Lynnfield, MA, 01940

$799,900

Home List Price

$9,499*

Closing Credit

3 Bedrooms
1 Full Bath, 1 Partial
2,554 SqFt
$313/SqFt
House

Location

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420 Salem St, Lynnfield$799,900

Buyer Closing Credits

$9,499*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDetached, Heated Garage, Storage, Workshop in Garage, Paved Drive, Off Street, Paved
Garage3 spaces
Year Built1880
HeatingBaseboard, Oil
CoolingNone
BasementYes
MLS #73320359
Lot Size1.96 Acres
StatusActive
(New)

About 420 Salem St

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.

Property Details

Property Features

Property Information:

  • Architectural Style: Other (See Remarks)
  • Year Built: 1880
  • Living Area: 2,554 SqFt

Listing Office:

  • Office Name: Apex Realty Group, LLC
  • Office Phone: (978) 276-3333
  • Listing Agent: The Apex Team

Interior Features

Interior Information:

  • Appliances: Water Heater
  • Basement: Yes

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 1
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Exterior: Porch, Storage, Barn/Stable

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: No
  • Parking: Detached, Heated Garage, Storage, Workshop in Garage, Paved Drive, Off Street, Paved

Lot Features

Lot Information:

  • Lot: Wooded, Easement
  • Lot Size: 1.96 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Oil
  • Cooling: None

Other

Directions Information:

  • Directions: See GPS for directions

Price Information

Listing Price Info

Price Summary:

  • List Price: $799,900
  • Price Per SqFt: $313/SqFt

Tax Information:

  • Annual Amount: $7,245
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Lynnfield, MA.

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Lynnfield, MA

City

Med. Sold Price

$955K

Med. Price/SqFt

$398

Avg. Days On Market

22

# of Sold Homes

13

420 Salem St vs Lynnfield

1 DAY ON ROCKET

-21 Days

$799,900

-$155.1K Less

$313/SqFt

-$85 Less

KEY TAKEAWAY

This property is $155.1K less than the Median Sold Price and $85/SqFt less than other homes in Lynnfield, MA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MLS Property Information Network
  • MLS Number: #73320359

Listing Office:

  • Office Name: Apex Realty Group, LLC
  • Office Phone: (978) 276-3333
  • Listing Agent: The Apex Team

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/17/2024, 11:55:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$7,245$546,000
2020$6,888$494,800
2019$6,449$463,600
2018$6,379$463,600
2017$6,034$437,900

History based on county public records data.

Payment Calculator

$4,060

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,465

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4301811
5
/10

  • Huckleberry Hill Elementary School

  • 5 Knoll Rd

  • 0.68 miles

  • Public District Grades KG-4

school-card-donut-4301812
9
/10

  • Summer Street Elementary School

  • 262 Summer St

  • 1.74 miles

  • Public District Grades KG-4

school-card-donut-4301813
7
/10

  • Woodville Elementary School

  • 30 Farm St

  • 1.91 miles

  • Public District Grades KG-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $77,292. Typical income of Lynnfield, MA residents is less than $35k annually. The majority of families are married, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 420 Salem St

What is the listing price of this property?

The listing price of 420 Salem St property is $799,900.

What type of property is this?

The property 420 Salem St is a house located in Lynnfield, Massachusetts, 01940.

Is this property for sale now?

Active Listing: 420 Salem St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $7,245 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 420 Salem St has 3 bedrooms and 1 full and 1 half bathrooms.

What is the square footage of this property?

The property 420 Salem St is 2,554 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 420 Salem St is 1880.

Rocket Homes›Massachusetts›Essex County›Lynnfield›01940›420 Salem St

This home is located at 420 Salem St in Lynnfield, MA and zip code 01940. This 2,554 square foot home, which was built in 1880, sits on a 1.96 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since December 17, 2024 and is currently priced at $799,900.

In November 2024 more than 6 listings in Lynnfield, MA were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 5 were sold below. In November 2024 in Lynnfield, MA there were 15.2% less homes for sale than in October 2024. While the average time on the market in November 2024 was 22 days, the median list price was $955,000.

From Rocket Homes Real Estate and based on county public records data.

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