Active

143 Days on market

420 Salem St Lynnfield — Photo 1 of 6

Recent Drop: $50,999

$849,999

$799,000

420 Salem St, Lynnfield, MA 01940

Lynnfield, MA 01940

Beds

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)$470/sqft

33% BelowMarket Average

* Analysis is based on 18 actively listed and recently sold comparable properties strictly within Lynnfield, MA.

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.

Full Lynnfield, MA market report ZIP 01940 market data

Listing Provided By

Listing Agent: Francis Santaniello

Listing Office: Weichert REALTORS® Blueprint Brokers

MLS® Number: 73503998