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Single Family Residence at 505 Lowell Street, Lynnfield MA 01940
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$999,000

505 Lowell Street, Lynnfield MA 01940
Lynnfield, MA 01940
Listed by The Apex Team
Bedrooms
3
Bathrooms
1.5
Living area
1,983 sqft
Year built
1949

About this home

A rare opportunity on a sprawling 1.68-acre lot, offering the scale & potential developers & investors are searching for. The welcoming foyer sets the tone & flows effortlessly into the formal LR & DR, creating an inviting layout ideal for entertaining. The updated kitchen is warm & functional, opening to a generous deck, perfect for morning coffee. A cozy FR w/ fireplace offers an ideal space for family to gather. A dedicated office offers a quiet work-from-home space. The primary BR features a double closet, while the add’l 2 BR’s are also spacious. The updated full bath impresses w/ double vanity, walk-in shower & floor-to-ceiling tile. A ½ half bath adds ease for guests. The unfinished walk-up attic & basement provide valuable potential to create add’l living space for today’s needs. The lot provides a blank canvas for an addition, pool, or private outdoor retreat to become a true showstopper. Easy access to Rt 128, 95 & 93. Minutes to MarketStreet. Cash/Construction loan buyers only. Don't miss it!

Highlights

Fireplace

Property details

MLS
MLS Property Information Network
MLS #
73529167
Property type
Single Family Residence
Subdivision
N/A
Status
Active
Days on market
144
On market date
June 3, 2026
Stories
N/A
Total bathrooms
1.5
Garage spaces
2
Parking spaces
6
Lot size
1.68 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
John E Burke
1.51 mi away · Grades 0-5
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
243
Student:teacher ratio
11.6:1
District
Peabody
Middle
Lynnfield Middle School
1.33 mi away · Grades 5-8
Nearest school -- attendance-zone data not available here
3.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
693
Student:teacher ratio
15.1:1
District
Lynnfield
High
Lynnfield High
1.57 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
564
Student:teacher ratio
12.0:1
District
Lynnfield

Walkability

Blended score for Lynnfield's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). EPA National Walkability Index only -- nearby-amenity data not cached yet for this area.

29
Car-dependent
out of 100
EPA National Walkability Index
5.8 / 20 -- Below average walkable

Market position

How this listing compares to current activity in Lynnfield, from live MLS data.

On the market 144 days -- 47 more days than Lynnfield's current average of 97 days.
For reference, the median list price across 74 active listings in Lynnfield right now is $1,110,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Est. monthly payment
$6,166/mo
$199,800 down
$799,200 loan
Principal & interest$5,184
Property tax (est.)$833
Home insurance (est.)$150

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Data source: Listing information provided by MLS Property Information Network via Trestle/CoreLogic. Last updated August 21, 2026.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.