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2 Chestnut Ter, Lynn, MA, 01904

3beds
1baths
1,536sqft
$570,000
$371price/sqft
$3,912/moest. monthly cost
$156,480/yrincome needed

About This Home

Welcome to this bright, sun-drenched home with lovely views of Flax Pond! The open-concept living and kitchen area features soaring cathedral ceilings and multiple skylights, creating an airy, inviting space filled with natural light. The kitchen is beautifully appointed with stainless steel appliances, white shaker cabinets, and granite countertops.The partially finished basement offers flexible space, perfect for a family room, home office, or workout area. The upper level features two, possibly three, bedrooms, including a pass-through room ideal for a nursery, office, or creative space. The spacious main bedroom is a true retreat, flooded with sunlight throughout the day. A wonderful opportunity to enjoy comfortable living with scenic pond views!

Getting Around

87
WalkingVery Walkable
45
TransitSome Transit
70
BikeVery Bikeable

Schools

Construction

Condition

  • Year built: 1900

Materials

  • Foundation: Other

Type & Style

  • Home type: SingleFamily
  • Architectural style: Other (See Remarks)
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Gas Water Heater
  • Laundry features: In Basement

Basement

  • Has basement: Yes
  • Basement: Partial

Bathroom1

  • Level: First

Bedroom2

  • Level: Second

Bedroom3

  • Level: Second

Bedroom4

  • Level: Second

Bedrooms & Bathrooms

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

Dining Room

  • Level: First

Features

  • Finished area below ground: 430
  • Finished area above ground: 1,106

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 1,536
  • Total interior livable area: 1,536 sqft

Kitchen

  • Level: First

Living Room

  • Level: First

Master Bedroom

  • Level: First

Property

Details

  • Parcel number: 1990565
  • Zoning: R2

Features

  • Has view: Yes
  • View description: Scenic View(s)

Lot

  • Lot size: 1,721 sqft
  • Features: Other

Parking

  • Total spaces: 2
  • Uncovered spaces: 2

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 $2,882$34,584
Home Insurance *$192$2,304
Property Taxes $484$5,808
Electricity $354$4,259
Total$3,912$46,944
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$134,125/yr
40% on housing$117,360/yr
45% on housing$104,320/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

$371This listing

vs Other Active Listings

Avg $/sqft

ZIP 01904$309
Essex County$385

vs Homes Sold Last Month

Median $/sqft

ZIP 01904$409
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)

Price History

DateEventPrice
2026-05-06Listed for sale$589,999
2026-04-10Listing removed$599,999
2026-02-16Listed for sale$599,999
2025-08-26Sold$512,500
2025-07-31Contingent$529,900
2025-07-14Price change$529,900
2025-06-16Price change$549,900
2025-06-03Listed for sale$599,900
2025-03-17Sold$349,860
2025-01-21Contingent$375,000
2025-01-16Listed for sale$375,000
1995-08-30Sold$85,000

For Sale by Agent

AgentMarissa Amin
BrokerageAmo Realty - Boston City Properties

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