8 Spinney Path #4 Lynn — Photo 1 of 34
$630,000
Investment Analysis — 8 Spinney Path #4
Lynn, MA 01902
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01902 carries an estimated $3,080/mo in gross rent — about a 3.43% cap rate and $21,614/yr in estimated NOI at the $630,000 list price. Adjust every assumption in the calculator below.
Beds
3
Baths
2
SqFt
1,653
Style
Single Family
Built
2000
Welcome back to this beautifully maintained Colonial, tucked away on a charming cul-de-sac in Lynn's highly sought-after Diamond District. After a brief pause from the market, this exceptional home is now available again—proving that sometimes, it's simply about the right timing. Built in 2000, the home continues to offer modern comforts, quality finishes, and partial ocean views surrounded by the area's natural beauty.A welcoming foyer opens to a spacious, open-concept main level featuring the living room, dining area, and kitchen—an ideal layout for everyday living and effortless entertaining. Just off the kitchen, enjoy a screened-in sunroom and an expansive deck, perfect for outdoor dining, relaxing, or hosting gatherings. Upstairs, you'll find generously sized bedrooms with hardwood flooring, oversized walk-in closets, and a spacious full bath complete with a Jacuzzi tub. The finished lower level offers impressive ceiling height and outstanding potential for additional living space, a home gym, or recreation area.Ideally located near the beach, Lynn Woods Reservation, the commuter rail, and an array of popular restaurants and cafés, this home offers the perfect blend of coastal living and everyday convenience. The home is back on the market and ready for its next chapter. Property is for sale under “condominium” ownership.
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: 827 sq ft (the lesser of 900 sq ft or half the 1,653 sq ft principal dwelling). Lot size: 35,035 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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Public Transportation • Shopping • Bike Path • House of Worship • Private School • Public School
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Listing Agent: Eugene Diaz
Listing Office: Coldwell Banker Realty - Lynnfield
MLS® Number: 73573096
