
24 Edgemere Rd Lynnfield — Photo 1 of 42
$1,279,000
Investment Analysis — 24 Edgemere Rd
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 1.96% cap rate and $25,017/yr in estimated NOI at the $1,279,000 list price. Adjust every assumption in the calculator below.
Beds
4
Baths
3
SqFt
2,959
Style
Single Family
Built
1970
Welcome to 24 Edgemere Rd, a beautifully maintained Colonial set on 1.22 acres in desirable Lynnfield. Offering a wonderful combination of space, comfort and thoughtful updates, this home features 4 bedrooms and 3 full baths, with one bedroom currently being used as a spacious walk-in closet. The main level offers a great flow for everyday living and entertaining with a well-appointed kitchen, dining room, living room, home office and an inviting four-season room filled with natural light. Gleaming hardwood floors and updated baths add to the home’s warmth and appeal.The finished lower level provides even more flexible living space and can easily accommodate a second family room, home gym, playroom, additional office or entertaining area. With multiple gathering spaces throughout the home, there is plenty of room to work, relax and entertain.Step outside to enjoy the composite deck and patio overlooking the spacious backyard, offering a wonderful setting for outdoor dining, entertaining or simply relaxing. A newer shed provides convenient additional storage.The home has benefited from numerous improvements over the years, including a kitchen renovation in 2016,irrigation system on well water, updated windows, electrical panels, baths, hot water heater, central air components, hardwood flooring and more. The sunroom was converted in 2018 to the beautiful four-season room, creating additional year-round living space.Ideally located close to Lynnfield schools, shopping, restaurants and major routes, this wonderful property offers the space and flexibility today’s buyers are looking for in a convenient Lynnfield location. A fantastic opportunity to make 24 Edgemere Rd your new home!
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 2,959 sq ft principal dwelling). Lot size: 53,313 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.
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Interior Specifications
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Building & Exterior
Property & Lot
Amenities & Appliances
Range • Dishwasher • Microwave • Refrigerator
Neighborhood
Shopping • Park • Walk/Jog Trails • Golf • Medical Facility • Conservation Area
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl Main,First12 x 23
Flooring - Hardwood, Open Floorplan, Recessed Lighting, Crown Molding
Dining Room
Lvl Main,First16 x 15
Flooring - Hardwood, Chair Rail
Kitchen
Lvl Main,First12 x 15
Flooring - Hardwood, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Cabinets - Upgraded, Exterior Access, Open Floorplan
Family Room
Lvl Main,First13 x 12
Flooring - Stone/Ceramic Tile, Recessed Lighting
Master Bedroom
Lvl Second11 x 14
Bathroom - Full, Bathroom - Double Vanity/Sink, Walk-In Closet(s), Closet/Cabinets - Custom Built, Double Vanity
Bedroom 2
Lvl Second13 x 7
Bedroom 3
Lvl Second15 x 9
Closet, Flooring - Hardwood
Bedroom 4
Lvl Second12 x 13
Closet, Flooring - Hardwood
Listing Agent: Louise Touchette Team
Listing Office: Coldwell Banker Realty - Lynnfield
MLS® Number: 73572598
