$648,452Average Value$246Average Price per Sq Ft3Homes For Sale
Residential living in a diverse community
Named after the former Richard Fay's Estate, Fay’s Estate is a residential community in the coastal city of Lynn, a place known for its manufacturing roots and cultural diversity. Today, Lynn attracts homebuyers for its relatively more affordable housing stock and accessibility to the Boston Metropolis. “There are a lot of legacy families or people who were born and raised here. You still have an immigrant population that continues to migrate through and grow,” says Albert DiVirgilio, a local broker at RE/MAX 360 and whose father, also named Albert, was mayor of Lynn in the 1980s. “It's always been a good mix, and it’s always been a hardworking community.”
New England homes in Fay's Estate
Fay’s Estate is mainly comprised of single-story cottages, Cape Cods and ranch styles as well as two-story Colonial Revivals and raised ranches. Primarily built in the late 1800s to mid-1950s, single-family homes with three or four bedrooms usually list between $450,000 and $950,000. Residential streets can be narrow and rustic, with trees sporadically lined against the sidewalks. Properties in designated flood zones may be required to purchase flood insurance.
Rows of Cape Cod homes are found in Faye's Estate.
Colonial homes are common in the Faye's Estate area.
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Myriad trails in the municipal park Lynn Woods Reservation
The Lynn Woods Reservation has over 2,200 acres of forested woodlands, a popular cave named Dungeon Rock, several gardens and over 30 miles of trails for recreational horseback riding, hiking and mountain biking. “It’s a nice area for people to go for walks with their dogs, run or walk, and to get away from life,” DiVirgilio says. Manning Field and Fraiser Field sit adjacent to each other and are popular for sports games and practices. Folks can take their dogs to Barkland Avenue Dog Park, and the neighborhood is about 5 miles away from Nahant Bay, which is popular for water activities such as boating or swimming.
Joggers enjoy the trails in Lynn Woods close to Faye's Estate.
Faye's Estate residents enjoy a bike ride to nearby Lynn beaches.
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Easy access to Boston
While the neighborhood is car-dependent, there are several Massachusetts Bay Transportation Authority bus stops on Western Ave and Fays Ave. The city also has a commuter rail station at Lynn Interim, and commuters can take the Newburyport/Rockport Line for direct access to Boston. Those who drive can take Massachusetts State Route 1A or Interstate 93 to get to downtown Boston or the Boston Logan International Airport, which are about 12 to 13 miles south of Lynn. Salem Hospital is slightly up north in Salem. The neighborhood also has a crime score of 2 out of 10, which is below the national average score of 4.
Lynn Public Schools
Young students may attend Aborn Elementary School, which is rated C-plus by Niche. Pickering Middle School and Lynn English High School both score a C. English High partners with Salem State University and North Shore Community College to provide students with early college courses.
Lynn English High School has an overall rating of B on Niche.
Kids in the Faye's Estate area can enroll in Pickering Middle School.
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Dine-out options around Lynn
Popular restaurants around Lynn include Lynnapesaukee Four Winds Pub & Grill, which is known for its wood-fired gastropub fare, and Nightshade Noodle Bar, a trendy fusion eatery serving French and Vietnamese cuisine. Stop & Shop is located along Washington Street. Walmart, Target and Market Basket are in Salem, a town about 2 miles northeast of the neighborhood.
Faye's Estate folks enjoy breakfast in nearby April II in Salem.
Faye's Estate folks meet up at nearby Buchanan Cafe for a beverage.
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City-wide celebrations in Lynn
The Lynn Arts & Culture Festival features live music, arts and crafts and food and is held in multiple locations around the downtown trolley stops. Additional events include the Youth Pride event and the annual Juneteenth Celebration. In the summertime, the Lynn Carnival comes to the city and has amusement rides, games and food concessions.
Visitors of Faye's Estate are welcomed by the Lynn sign on Western Ave.
You can find homes adorned with American flags in Faye's Estate.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Juan Lopera-Martinez,
an experienced agent in this neighborhood.
Parks in this Area
Barkland Avenue Dog Park
Red Rock Park
Lakeshore Park
Bike Trails
Fishing
Lake
Clark Street Playground
Flax Pond Park
Keaney Park
Magnolia Park
Lynn Woods Reservation
Transit
Airport
General Edward Lawrence Logan International
20 min drive
Bus
Western Ave & Fays Ave
Bus
Highland Ave & Belleaire Ave
Crime and Safety
1 - Low Crime, 10 - High Crime
Fays Estate
US
Homicide
2
4
Sexual Assault
1
4
Assault with Weapon
2
4
Robbery
2
4
Burglary
2
4
Motor Vehicle Theft
2
4
Larceny
2
4
Crime Score
2
4
Source: WhatIsMyCrimeRisk.com
Fays Estate Demographics and Home Trends
On average, homes in Fays Estate, Lynn sell after 43 days on the market compared to the national average of 70 days. The median sale price for homes in Fays Estate, Lynn over the last 12 months is $389,500, down 76% from the median home sale price over the previous 12 months.
Rarely seen LEAD COMPLIANT Single family home in a quiet residential neighborhood. ONLY 1ST MONTHS RENT AND $500 SEC PLUS BROKER FEE DUE AT LEASE SIGNING FOR WELL QUALIFIED APPLICANTS. This home is 4 bedrooms and 2 baths offering a fully fenced in back yard with two outdoor seating areas along with a newly renovated kitchen boasting quartz counters w/ modern tile backsplash , recently renovated
Interested in learning more about homes in this area?
Reach out to
Juan Lopera-Martinez,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Owners
Demographics
Total Population
1,630
Median Age
44
Population Density
8 ppl/acre
Population under 18
20.5%
On par with the national average
23.8%
Population over 65
21.3%
On par with the national average
19.1%
Finances
Median Household Income
$121,058
Significantly above the national average
$71,702
Average Household Income
$146,087
Education and Workforce
High School Graduates
90.4%
College Graduates
20%
Below the national average
34.1%
Advanced Degrees
7.9%
Below the national average
13.3%
% Population in Labor Force
68.5%
Weather
Annual Precipitation
48''
Average Winter Low Temperature
17°F
Average Summer High Temperature
80°F
Annual Snowfall
26''
Area Factors
Somewhat Bikeable
Bike Score®
17/ 100
Car-Dependent
Walk Score®
29/ 100
Some Transit
Transit Score®
28/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
