29 Days on market

2 Colonial Road Lynnfield — Photo 1 of 40

$599,999

2 Colonial Road, Lynnfield, MA 01940

Lynnfield, MA 01940

Beds

Baths

SqFt

1,238

Style

Single Family

Built

1915

WATERFRONT OPPORTUNITY – Just twenty minutes north of Boston! Waterfront single family home on highly desirable Pilling's Pond. Enjoy breathtaking views, boating, and aquatic wildlife all year long! This quaint Cape has three bedrooms, one bath, a living room, a dining room, and an eat-in kitchen. There are hardwood floors throughout. Bring your plans and ideas to make this your forever home. The 16' X 38' In-ground Pool is grandfathered in and has endless possibilities. New roof and newer heating system. This contractor’s special requires a buyer with creative vision to fully renovate and unlock the property's unique waterfront potential. Property is being sold "as is," as the private sewerage system Title 5 not done. This home serves as the perfect blank canvas to build substantial equity in an elite Lynnfield location. NO FLOOR INSURANCE REQUIRED FOR THIS PROPERTY. Offers due September 1st

Market Value Analysis

This Property

Size (SqFt) →Price →

This Property$485/sqft

Local Avg (Lynnfield)$450/sqft

8% AboveMarket Average

* Analysis is based on 21 actively listed and recently sold comparable properties strictly within Lynnfield, MA.

Financials

Original Price$599,999

Annual Taxes$7,130

Parking

Garage0

Off-Street3

Interior Specifications

Total Rooms5

FireplacesNone

FlooringTile, Carpet, Hardwood

BasementFull, Concrete

Climate & Utilities

HeatingForced Air, Natural Gas

CoolingNone

WaterPublic

SewerPrivate Sewer

Building & Exterior

ConstructionFrame, Stone

RoofShingle

FoundationBlock

ZoningRES

Property & Lot

Acres0.15

SqFt Lot6,652

Lot FeaturesOther

Amenities & Appliances

Gas Water Heater • Range • Dishwasher • Refrigerator

Neighborhood

Pool • Other

Geography

Floorplan Breakdown

Structural Layout

First

Living RoomDining RoomKitchenPrimary BedroomBedroom 2Bedroom 3Bathroom 1

Living Room

Lvl First

10 x 18

Flooring - Hardwood, Balcony / Deck

Dining Room

Lvl First

8 x 13

Flooring - Hardwood

Kitchen

Lvl First

22 x 10

Flooring - Hardwood

Primary Bedroom

Lvl First

11 x 15

Flooring - Wall to Wall Carpet

Bedroom 2

Lvl First

10 x 13

Bedroom 3

Lvl First

8 x 10

Flooring - Hardwood

Bathroom 1

Lvl First

8 x 5

Bathroom - Full

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

1,060 housing units permitted in the last 12 months (-11% vs the prior 12 months) — 603 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '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: 619 sq ft (the lesser of 900 sq ft or half the 1,238 sq ft principal dwelling). Lot size: 6,652 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: Joseph Firicano

Listing Office: Boston Hub Real Estate

MLS® Number: 73567598