NOT LISTED FOR SALE

2 Edward Ave Lynnfield, MA 01940

Estimated Value: $855,000 - $1,154,000

3 Beds
2 Baths
2,002 Sq Ft
$493/Sq Ft Est. Value

Last Sold June 09, 2020

Last sale price $675,000 $337 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $6,013/month

19 Days on Market

Highlights

  • Wood Flooring
  • Fenced Yard
  • Security Service
  • Lynnfield High School Rated A
  • Patio
  • Central Air

About This Home

As of June 2020

WOW - so many updates! This 3+ BR 2 BA contemporary was extensively renovated in last 5 years. Wonderful open floor plan with hardwood throughout. Amazing flow starting as you enter the brand new entryway to the foyer, continuing into the completely remodeled kitchen, then beyond to the dining area, then finally the generous living room with wood-burning brick fireplace as it's focal point. 3 BRs including first floor master, full BA, and a lovely family room round out the main level. Walls taken down, hardwood extended, kitchen re-imagined, recessed lighting added, all to give you an amazing living experience. Upstairs you have two more large rooms and a 3/4 BA (could easily be a master suite). Lovely patio area and fenced side and back yard for a wonderful outdoor experience. Other updates include new high efficiency gas furnace (converted from oil), new HW heater, 200A electric, central A/C, and BRAND NEW ROOF (January 2020). Wonderful neighborhood setting and commuter-friendly!

Last Agent to Sell the Property

Christopher Cassidy

Keller Williams Realty Evolution Listed on: 04/16/2020

Keller Williams Realty Evolution

Last Buyer's Agent

Christopher Cassidy

Keller Williams Realty Evolution Listed on: 04/16/2020

Keller Williams Realty Evolution

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,316

Year Built

  • Built in 1950

Lot Details

  • Year Round Access
  • Fenced Yard
  • Property is zoned RB

Kitchen

  • Oven
  • Range Hood
  • Microwave
  • Dishwasher
  • ENERGY STAR Range

Flooring

  • Wood
  • Wall to Wall Carpet
  • Tile

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Patio
  • Storage Shed

Utilities

  • Central Air
  • Hot Water Baseboard Heater
  • Heating System Uses Gas
  • Natural Gas Water Heater
  • Private Sewer
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Basement

Community Details

  • Security Service

Listing and Financial Details

  • Assessor Parcel Number M:0032 B:0000 L:2814

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,316

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Single Family Type: Detached
  • Style: Contemporary, Ranch, Multi-Level
  • Other Agent: 1.00
  • Year Built Description: Actual
  • List Price Per Sq Ft: 349.60
  • Comp Based On: Net Sale Price
  • Year Built: 1950
  • Lead Paint: Unknown
  • Year Round: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1950

Interior Features

  • Fireplaces: 1
  • Flooring: Tile, Wall to Wall Carpet, Hardwood
  • Interior Amenities: Security System, Cable Available, Internet Available - Fiber-Optic
  • Appliances: Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer, Vent Hood, Range - ENERGY STAR, Oven - ENERGY STAR
  • No Bedrooms: 3
  • Master Bedroom: On Level: First Floor, Dimension: 13X12, Closet, Flooring - Hardwood
  • Bedroom 2: On Level: First Floor, Dimension: 11X8, Closet, Flooring - Hardwood
  • Bedroom 3: On Level: First Floor, Dimension: 11X11, Closet, Flooring - Hardwood
  • Full Bathrooms: 2
  • Bathroom 1: On Level: First Floor, Bathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile
  • Bathroom 2: On Level: Second Floor, Bathroom - 3/4, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile
  • No Rooms: 9
  • Dining Room: On Level: First Floor, Dimension: 16X12, Flooring - Hardwood, Open Floor Plan
  • Family Room: On Level: First Floor, Dimension: 20X11, Flooring - Wall to Wall Carpet
  • Kitchen: On Level: First Floor, Dimension: 16X9, Flooring - Hardwood, Pantry, Countertops - Stone/Granite/Solid, Countertops - Upgraded, Cabinets - Upgraded, Open Floor Plan, Recessed Lighting, Remodeled, Stainless Steel Appliances, Gas Stove
  • Laundry: On Level: Basement
  • Living Room: On Level: First Floor, Dimension: 17X12, Flooring - Hardwood, Open Floor Plan, Remodeled
  • Basement: Y
  • Basement Features: Full, Interior Access, Bulkhead, Concrete Floor, Unfinished Basement
  • Other Room 1: Name: Mud Room, On Level: First Floor, Dimension: 20X10, Closet, Flooring - Stone/Ceramic Tile
  • Other Room 2: Name: Bonus Room, Dimension: 23X9, Closet, Flooring - Wall to Wall Carpet
  • Other Room 3: Name: Office, Dimension: 12X11, Closet, Flooring - Wall to Wall Carpet
  • Main Lo: AN1405
  • Main So: AN1405
  • Estimated Sq Ft: 2002.00

Exterior Features

  • Construction: Frame
  • Roof Material: Asphalt/Fiberglass Shingles
  • Exterior: Vinyl
  • Exterior Features: Patio, Storage Shed, Fenced Yard
  • Foundation: Poured Concrete
  • Insulation Feature: Full

Garage/Parking

  • Parking Feature: Off-Street, Stone/Gravel, Paved Driveway
  • Parking Spaces: 6

Utilities

  • Sewer: Private Sewerage
  • Water: City/Town Water
  • Electric Features: Circuit Breakers, 200 Amps
  • Cooling: Central Air
  • Cooling Zones: 1
  • Heating: Hot Water Baseboard, Gas
  • Heat Zones: 2
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range, for Gas Oven, for Electric Dryer, Washer Hookup

Condo/Co-op/Association

  • Amenities: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf Course, Bike Path, Conservation Area, Highway Access, House of Worship, Public School

Schools

  • Elementary School: Summer St
  • Middle School: Lynnfield
  • High School: Lynnfield

Lot Info

  • Assessments: 497300.00
  • Acre: 0.24
  • Lot Size: 10468.00
  • Page: 398
  • Parcel Number: M:0032 B:0000 L:2814
  • Zoning: RB
  • Lot Description: Corner, Paved Drive, Level

Green Features

  • Energy Features: Insulated Windows, Storm Windows, Insulated Doors, Storm Doors, Prog. Thermostat

Tax Info

  • Taxes: 6922.00
  • Assessor Parcel Number: 1981850

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2020
Closed on
Jun 7, 2020
Sold by
Banks Christine M and Banks Edward D
Bought by
Lopilato Francis G
Seller's Agent
Christopher Cassidy
Keller Williams Realty Evolution
Buyer's Agent
Christopher Cassidy
Keller Williams Realty Evolution
List Price
$699,900
Sold Price
$675,000
Premium/Discount to List
-$24,900
-3.56%
Current Estimated Value
$987,809

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$312,809
Avg. Annual Appreciation
7.20%

Purchase Details

Listed on
May 21, 2015
Closed on
Jul 2, 2015
Sold by
Mallett William J and Mallett Julie A
Bought by
Banks Edward D and Banks Christine M
Seller's Agent
Carpenter and Roberts Hometeam
Berkshire Hathaway HomeServices Commonwealth Real Estate
Buyer's Agent
Christopher Cassidy
Keller Williams Realty Evolution
List Price
$499,900
Sold Price
$510,000
Premium/Discount to List
$10,100
2.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.84%
Original Mortgage
$492,150
Interest Rate
4.25%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 8, 2004
Sold by
Montgomery Janet C
Bought by
Mallett William J and Mallett Julie A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lopilato Francis G $675,000 None Available
Banks Edward D $510,000 --
Mallett William J $428,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Banks Edward D $492,150
Previous Owner Mallett William J $100,000
Previous Owner Mallett William J $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2020 06/09/20 Sold $675,000 -3.6% $337 / Sq Ft
05/05/2020 05/05/20 Pending -- -- --
04/16/2020 04/16/20 For Sale $699,900 +37.2% $350 / Sq Ft
07/02/2015 07/02/15 Sold $510,000 +2.0% $256 / Sq Ft
06/16/2015 06/16/15 Pending -- -- --
05/21/2015 05/21/15 For Sale $499,900 -- $251 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,316 $882,200 $542,200 $340,000
2024 $8,915 $848,200 $521,300 $326,900
2023 $8,979 $794,600 $494,400 $300,200
2022 $8,509 $709,700 $454,000 $255,700
2021 $7,224 $544,400 $346,400 $198,000
2020 $6,922 $497,300 $299,300 $198,000
2019 $6,731 $483,900 $285,900 $198,000
2018 $6,510 $473,100 $285,900 $187,200
2017 $6,519 $473,100 $285,900 $187,200
2016 $6,007 $414,300 $255,600 $158,700
2015 -- $394,100 $255,600 $138,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72644700

MLS Property Information Network (MLS PIN)

APN: LYNF-000032-000000-002814