1200 Salem Street #119 Lynnfield — Photo 1 of 42
$899,000
Investment Analysis — 1200 Salem Street #119
Lynnfield, MA 01940
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01940 carries an estimated $3,900/mo in gross rent — about a 2.47% cap rate and $22,215/yr in estimated NOI at the $899,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
3
SqFt
2,076
Style
Condominium
Built
1985
Exceptional Corner Townhouse at Cedar Pond Village | Completely Remodeled | Three Finished Levels Welcome to this rare and spacious corner townhouse in the highly desirable second phase of Cedar Pond Village, completely remodeled in 2024. Offering three finished levels, gorgeous hardwood floors throughout the first two levels, abundant natural light, and resort-style amenities, this home truly stands apart.The main level features a sophisticated open-concept design with a stunning new kitchen offering quartz countertops, stainless steel appliances, a five-burner gas range, under-counter microwave, and oversized center island with seating. The kitchen flows seamlessly into the living room, highlighted by a cathedral ceiling, fireplace, recessed lighting, and beautiful bow window. A new sliding glass door leads to an oversized composite deck, creating an exceptional outdoor living and entertaining space rarely found in the community.The second floor features two spacious cathedral-ceiling bedrooms, including a primary suite with its own full bathroom. A second full bathroom with shower and convenient second-floor laundry complete the level. The finished lower level offers tremendous flexibility with a second fireplace and space for a family room, media room, home office, bedroom, gym, or recreation area. Direct access to the backyard, attached one-car garage, and additional storage add convenience. Major 2024 improvements include two new gas HVAC systems, new 50-gallon gas water heater, new composite deck, and new sliding door. Additional highlights include a rare corner location, oversized outdoor space, and private driveway with parking for up to three vehicles,(two tandem). Enjoy country-club-style living with an outdoor pool, clubhouse, fitness room, tennis courts, and bocce court directly across the street. Conveniently located near Route 1, I-95, and Market Street. A truly distinctive Cedar Pond residence—beautifully renovated, exceptionally maintained, and move-in ready.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
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Listing Agent: Anthony F. Addonizio
Listing Office: Hancock Properties
MLS® Number: 73573303
