Active Under Contract
18 Days on market
15 Island Road Lynnfield — Photo 1 of 35

15 Island Road Lynnfield — Photo 1 of 35

$1,179,900

Investment Analysis — 15 Island Road

Lynnfield, MA 01940

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 4-bedroom in 01940 carries an estimated $4,300/mo in gross rent — about a 2.33% cap rate and $27,546/yr in estimated NOI at the $1,179,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

4

Baths

2.5

SqFt

2,176

Style

Single Family

Built

2003

Welcome to this beautifully maintained, like-new home in a desirable Lynnfield location! Built in 2003 and thoughtfully cared for, this inviting property offers four bedrooms, 2½ baths, spacious rooms, and quality updates throughout. The first floor features gleaming hardwood floors and ceramic tile, while all four bedrooms showcase brand-new wall-to-wall carpeting. Plantation shutters throughout the home add timeless style and privacy. The spacious primary suite offers a walk-in closet and a generous ensuite bath with a double-sink vanity and oversized shower. Large closets throughout provide exceptional storage, while convenient first-floor laundry adds everyday ease.Enjoy peeks of the pond and relax or entertain on the lovely composite deck overlooking the yard.Recent improvements include a 50 year architectural new roof in 2024 and one new HVAC unit in 2025. The oversized two-car garage provides plenty of room for vehicles and storage. The unfinished basement, with its high ceilings, offers exciting potential for future expansion of living space.Ideally located near the shops and restaurants at Market Street, this home combines comfort, convenience, and easy living in one of Lynnfield's sought-after locations. As an added bonus, all furniture and appliances are included as gifts to the buyer -ask List Agent for details. This exceptional home is truly move-in ready!

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 2,176 sq ft principal dwelling). Lot size: 9,252 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.

Immersive Experience

Property Details

Financials

Original Price$1,179,900
Annual Taxes$11,670

Parking

Garage2
Off-Street6

Interior Specifications

Total Rooms8
Fireplaces1
FlooringWood, Tile, Carpet, Flooring - Hardwood
BasementUnfinished

Climate & Utilities

HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPrivate Sewer

Building & Exterior

Construction--
RoofShingle
FoundationConcrete Perimeter
ZoningRA

Property & Lot

Acres0.21
SqFt Lot9,252
Lot FeaturesOther

Amenities & Appliances

Gas Water Heater • Water Heater • Range • Dishwasher • Microwave • Refrigerator • Washer • Dryer • Plumbed For Ice Maker

Neighborhood

Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails • Stable(s)

Geography

Floorplan Breakdown

Structural Layout

Second
Master BedroomBedroom 2Bedroom 3Bedroom 4Bathroom 2Bathroom 3
First
Living RoomKitchenFamily RoomBathroom 1
Living Room
Lvl First

Flooring - Hardwood, Crown Molding

Kitchen
Lvl First

Closet/Cabinets - Custom Built, Flooring - Stone/Ceramic Tile, Dining Area, Exterior Access, Recessed Lighting, Stainless Steel Appliances, Gas Stove, Peninsula, Lighting - Pendant

Family Room
Lvl First

Flooring - Hardwood, Lighting - Overhead, Crown Molding

Master Bedroom
Lvl Second

Bathroom - Full, Ceiling Fan(s), Walk-In Closet(s), Flooring - Wall to Wall Carpet, Crown Molding

Bedroom 2
Lvl Second
Bedroom 3
Lvl Second

Flooring - Wall to Wall Carpet, Closet - Double

Bedroom 4
Lvl Second

Closet, Flooring - Wall to Wall Carpet

Bathroom 1
Lvl First

Bathroom - Half, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid, Cabinets - Upgraded, Lighting - Sconce

Bathroom 2
Lvl Second

Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Closet - Linen, Closet/Cabinets - Custom Built, Flooring - Stone/Ceramic Tile, Lighting - Sconce

Bathroom 3
Lvl Second

Bathroom - Full, Bathroom - With Tub & Shower, Closet - Linen, Closet/Cabinets - Custom Built, Flooring - Stone/Ceramic Tile, Lighting - Sconce

Listing Provided By

Listing Agent: Deborah Caniff

Listing Office: Coldwell Banker Realty - Lynnfield

MLS® Number: 73567877