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20 Melvin Ave, Lynn, MA, 01902

3beds
3baths
2,226sqft
$329,900
$148price/sqft
$2,524/moest. monthly cost
$100,960/yrincome needed

About This Home

Swampscott/Lynn Line! Rare Development Opportunity! Existing Commercial Property being Sold AS-IS! Architectural plans and ZBA approval included. Proposed Single Family Is Not Built and Is Not Included in the Purchase Price. Proposed Design Features A Stunning New Single-Family Home Offering Modern Living Across Three Levels. The First Floor Includes A Two-Car Garage, Utility Room, And A Walk-Out Bonus Room Or Potential In-Law Studio Suite Complete With A Full Bath And Closet, Providing Flexible Living Options For Extended Family, Guests, Or A Home Office. The Second Floor Boasts A Bright And Spacious Open-Concept Floor Plan Featuring A Modern Kitchen, Dining Area, Expansive Living Room & A Full Bathroom. The Third Floor Offers Three Generously Sized Bedrooms, Including Laundry & A Luxurious Primary Suite With A Walk-In Closet And Private Full Bath. A Desirable Location Convenient To Shopping, Dining, Beaches & More. Don't Miss This Exceptional Opportunity!

Getting Around

72
WalkingVery Walkable
40
TransitSome Transit
50
BikeBikeable

Schools

9/10
AbornGrades K-50.2 mi

Construction

Condition

  • New construction: Yes
  • Year built: 2026

Materials

  • Foundation: Concrete Perimeter
  • Roof: Shingle
  • Construction materials: Frame

Type & Style

  • Home type: SingleFamily
  • Architectural style: Colonial
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Gas Water Heater
  • Laundry features: Remodeled,Third Floor

Bathroom1

  • Features: Bathroom - Full, Remodeled
  • Level: First

Bathroom2

  • Features: Bathroom - Full, Remodeled
  • Level: Main,Second

Bathroom3

  • Features: Bathroom - Full, Remodeled
  • Level: Third

Bedroom2

  • Features: Closet, Remodeled
  • Level: Third
  • Area: 162.75

Bedroom3

  • Features: Closet, Remodeled
  • Level: Third
  • Area: 162.75

Bedroom4

  • Features: Bathroom - Full, Closet, Exterior Access, Remodeled
  • Level: First
  • Area: 250

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 3
  • Main level bathrooms: 1

Dining Room

  • Features: Open Floorplan, Remodeled
  • Level: Main,Second
  • Area: 128.1

Features

  • Finished area above ground: 2,226

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,226
  • Total interior livable area: 2,226 sqft

Kitchen

  • Features: Kitchen Island, Open Floorplan, Remodeled
  • Level: Main,Second
  • Area: 128.1

Living Room

  • Features: Remodeled
  • Level: Main,Second
  • Area: 361.98

Master Bedroom

  • Features: Bathroom - Full, Walk-In Closet(s), Remodeled
  • Level: Third
  • Area: 245.341999999

Property

Details

  • Parcel number: 1997625
  • Zoning: R!

Features

  • Waterfront features: Ocean,1 to 2 Mile To Beach,Beach Ownership(Public)

Lot

  • Lot size: 1,725 sqft

Parking

  • Total spaces: 2
  • Parking features: Attached,Under,Paved Drive,Off Street
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Lightning
Tsunami

FEMA Declared Disasters Across Massachusetts Counties

Hurricane

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,668$20,016
Home Insurance *$138$1,656
Property Taxes $280$3,360
Electricity $438$5,267
Total$2,524$30,288
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$86,537/yr
40% on housing$75,720/yr
45% on housing$67,306/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.2%
8.2%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: -0.5%
-0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$148This listing

vs Other Active Listings

Avg $/sqft

ZIP 01902$275
Essex County$385

vs Homes Sold Last Month

Median $/sqft

ZIP 01902$383
Essex County$387

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-06-23Listed for sale$329,900

New Construction

AgentColleen Toner
BrokerageToner Real Estate, LLC

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