15 Chatham Way Lynnfield — Photo 1 of 30
$1,199,000
Investment Analysis — 15 Chatham Way
Lynnfield, MA 01940 — King James Grant
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 1.92% cap rate and $23,068/yr in estimated NOI at the $1,199,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
3
SqFt
2,406
Style
Single Family
Built
1960
Location! Welcome to the King James Grant neighborhood! Set on a beautifully landscaped 1.5 acre lot this lovely home has an open concept, custom kitchen blending into the dining area and sun-filled family room. Steps away you'll find a bright and spacious living room complete with fireplace and a large bay window. The finished lower level, with its separate entrance, lends itself to a comfortable and private space for overnight guests. This versatile space features a kitchen, living room, and full bath. Enjoy entertaining family and friends by the in-ground, heated pool with two convenient, roomy cabanas. Ideally located with easy access to I 95 and Lynnfield's dynamic Market Street center. This mid-century home in one of Lynnfield's most sought-after locations is truly a rare find.
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 2,406 sq ft principal dwelling). Lot size: 61,855 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.
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.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Gas Water Heater • Range • Dishwasher • Microwave • Refrigerator • Freezer • Washer • Dryer • Second Dishwasher • Plumbed For Ice Maker
Neighborhood
Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails • Golf
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,FirstCathedral Ceiling(s), Flooring - Hardwood, Window(s) - Bay/Bow/Box, Cable Hookup, Exterior Access, High Speed Internet Hookup
Dining Room
Lvl Main,FirstFlooring - Hardwood, Window(s) - Bay/Bow/Box
Kitchen
Lvl Main,FirstFlooring - Stone/Ceramic Tile, Dining Area, Countertops - Stone/Granite/Solid, High Speed Internet Hookup, Open Floorplan, Recessed Lighting, Stainless Steel Appliances, Gas Stove, Peninsula, Lighting - Overhead
Family Room
Lvl Main,FirstCathedral Ceiling(s), Ceiling Fan(s), Flooring - Hardwood, Window(s) - Bay/Bow/Box, Balcony / Deck, Cable Hookup, Deck - Exterior, Exterior Access, High Speed Internet Hookup
Master Bedroom
Lvl Main,FirstBathroom - Full, Cedar Closet(s), Closet, Flooring - Hardwood, Window(s) - Bay/Bow/Box, Cable Hookup
Bedroom 2
Lvl Main,FirstBedroom 3
Lvl FirstCloset, Flooring - Hardwood, Window(s) - Bay/Bow/Box, High Speed Internet Hookup
Bathroom 1
Lvl Main,FirstBathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Window(s) - Bay/Bow/Box, Countertops - Stone/Granite/Solid, Jacuzzi / Whirlpool Soaking Tub, Recessed Lighting, Remodeled, Soaking Tub
Bathroom 2
Lvl Main,FirstBathroom - Full, Bathroom - Tiled With Tub & Shower, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Remodeled
Bathroom 3
Lvl BasementBathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile, Window(s) - Bay/Bow/Box, Countertops - Stone/Granite/Solid, Dryer Hookup - Electric, Washer Hookup, Soaking Tub
Listing Agent: Jayne Sacco
Listing Office: Aluxety
MLS® Number: 73561900
