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55 Addison Ave, Lynn, MA, 01902

3beds
1baths
1,083sqft
$569,000
$525price/sqft
$3,953/moest. monthly cost
$158,120/yrincome needed

About This Home

Welcome to 55 Addison Ave! Charming East Lynn bungalow featuring refinished hardwood floors, fresh paint, an updated kitchen, flexible bonus space, and a spacious basement. Enjoy a fenced backyard, detached 2-car garage, and off-street parking. Conveniently located near shopping, parks, public transportation, and major routes. Move-in ready and full of potential—don’t miss this opportunity!

Getting Around

59
WalkingSomewhat Walkable
34
TransitSome Transit
39
BikeSomewhat Bikeable

Schools

6/10
HoodGrades PK-50.3 mi
1/10
Lynn English High SchoolGrades 9-120.6 mi

Construction

Condition

  • Year built: 1925

Materials

  • Foundation: Concrete Perimeter,Block,Stone
  • Roof: Shingle,Wood
  • Construction materials: Conventional (2x4-2x6)

Type & Style

  • Home type: SingleFamily
  • Architectural style: Cottage,Bungalow
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Range,Refrigerator,Washer/Dryer

Basement

  • Has basement: Yes
  • Basement: Full,Concrete,Unfinished

Bedrooms & Bathrooms

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

Features

  • Window features: Insulated Windows,Storm Window(s)
  • Flooring: Tile,Carpet,Hardwood
  • Number of fireplaces: 2
  • Fireplace: Yes
  • Finished area above ground: 1,083

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,083
  • Total interior livable area: 1,083 sqft

Property

Details

  • Parcel number: 1997175
  • Zoning: res
  • Other equipment: Satellite Dish

Features

  • Patio & porch: Porch,Porch - Enclosed
  • Exterior features: Porch,Porch - Enclosed,Rain Gutters,Fenced Yard,Satellite Dish
  • Fencing: Fenced/Enclosed,Fenced

Lot

  • Lot size: 2,491 sqft
  • Features: Other

Parking

  • Total spaces: 6
  • Parking features: Detached,Paved Drive,Off Street,Paved
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes
  • Uncovered spaces: 4

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 $2,877$34,524
Home Insurance *$239$2,868
Property Taxes $483$5,796
Electricity $354$4,259
Total$3,953$47,436
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$135,531/yr
40% on housing$118,590/yr
45% on housing$105,413/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

$525This listing

vs Other Active Listings

Avg $/sqft

ZIP 01902$272
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)

Price History

DateEventPrice
2026-08-12Listed for sale$566,000
2026-08-11Listing removed$569,000
2026-06-16Listed for sale$569,000
2026-05-18Listing removed$549,000
2026-05-05Contingent$549,000
2026-03-18Listed for sale$549,000
2023-07-19Sold$465,000
2023-06-16Contingent$499,900
2023-05-25Price change$499,900
2023-05-17Listed for sale$519,900
2020-06-27Listing removed$359,900
2020-06-21Pending sale$359,900
2020-06-16Listed for sale$359,900
2020-06-06Pending sale$359,900
2020-06-02Listed for sale$359,900
2016-10-14Sold$273,450
2016-09-08Pending sale$279,900
2016-07-13Listed for sale$279,900
2002-10-04Sold$239,900

For Sale by Agent

AgentSonia Lithgow
BrokerageTropical Realty

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