Active
123 Days on market
420 Salem St Lynnfield — Photo 1 of 6
Recent Drop: $50,999
$849,999$799,000
$799,000
420 Salem St, Lynnfield, MA 01940
Lynnfield, MA 01940
Beds
3
Baths
1.5
SqFt
2,554
Style
Single Family
Built
1880
Unbelievable opportunity !!! Just about 2 acres of land ( over 85,000 square feet). This is a knockdown or rebuild with a some of the work already started. Come and build your dream house in a Wonderful and quiet area of Lynnfield. You will appreciate the oversized garage with lots of options fo any use.... SEE ATTACHED PLOT PLAN AND BUILDING PLANS ( ALL APPROVED)
Market Value Analysis
This Property
Size (SqFt) →Price →This Property$313/sqft
Local Avg (Lynnfield)$449/sqft
30% BelowMarket Average
* Analysis is based on 17 actively listed and recently sold comparable properties strictly within Lynnfield, MA.
Property Details
Financials
Original Price$849,999
Annual Taxes$8,502
Parking
Garage8
Off-Street18
Interior Specifications
Total Rooms7
Fireplaces1
Flooring--
BasementPartial, Dirt Floor
Climate & Utilities
HeatingBaseboard, Oil
CoolingWindow Unit(s)
WaterOther
SewerOther
Building & Exterior
ConstructionFrame
RoofShingle
FoundationBlock
ZoningRB
Property & Lot
Acres1.96
SqFt Lot85,321
Lot Features--
Neighborhood
Shopping • Park • Walk/Jog Trails • Medical Facility • Laundromat • Bike Path
Geography
Property History
Price Drop
$799,000
Was $849,999
Jun 24, 2026
MLS® 73503998
Listed
$849,999
Apr 19, 2026
MLS® 73503998
Sold
$750,000
Mar 5, 2025
MLS® 73320359
Terminated
$799,900
Jan 20, 2025
MLS® 73320359
Listed
$799,900
Dec 17, 2024
MLS® 73320359
Population
13,285
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
Median Household Income
$173K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
Renter-Occupied Homes
12.3%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
New Construction Permits — Essex County
992 housing units permitted in the last 12 months (-15% vs the prior 12 months) — 515 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jun '26)
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 2,554 sq ft principal dwelling). Lot size: 85,321 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Listing Provided By
Listing Agent: Francis Santaniello
Listing Office: Weichert REALTORS® Blueprint Brokers
MLS® Number: 73503998
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