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5 Morrill Pl, Lynn, MA, 01902

2beds
1baths
1,175sqft
$484,000
$412price/sqft
$3,415/moest. monthly cost
$136,600/yrincome needed

About This Home

This New England cottage offers functional updates and a highly connected location. The main level begins with an entry foyer opening into the living space and an updated kitchen with new cabinetry, countertops, and stainless steel appliances. An office sits right next to the kitchen, maintaining an open connection to the cooking space and living room, alongside a separate dining room. Just off the kitchen, a covered porch includes a deep storage closet. Upstairs, the second level accommodates an updated bathroom and two bedrooms, including one with an adaptable two-room configuration that works well for a suite, office, or project room. Outside, you will find a small fenced yard and a side driveway for off-street parking. Mechanical upgrades include a newer heating system, washer, and dryer. Located near downtown, Central Square, and Wyoma Square, the property offers easy access to the Lynn Commuter Rail Station, local beaches, and the coastline.

Getting Around

80
WalkingVery Walkable
41
TransitSome Transit
30
BikeSomewhat Bikeable

Schools

4/10
1/10
Lynn English High SchoolGrades 9-120.2 mi

Construction

Condition

  • Year built: 1880

Materials

  • Foundation: Stone,Brick/Mortar
  • Roof: Shingle
  • Construction materials: Frame

Type & Style

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

Interior

Appliances

  • Appliances included: Tankless Water Heater,Range,Dishwasher,Refrigerator,Washer,Dryer
  • Laundry features: In Basement,Electric Dryer Hookup,Washer Hookup

Basement

  • Has basement: Yes
  • Basement: Interior Entry,Unfinished

Bathroom1

  • Features: Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile
  • Level: Second
  • Area: 56

Bedroom2

  • Features: Closet, Flooring - Hardwood
  • Level: Second
  • Area: 64

Bedroom3

  • Level: Second
  • Area: 64

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Features: Flooring - Vinyl
  • Level: First
  • Area: 110

Features

  • Closet,Home Office,Foyer,Bonus Room,High Speed Internet
  • Door features: Insulated Doors,Storm Door(s)
  • Window features: Insulated Windows,Screens
  • Flooring: Wood,Tile,Vinyl,Flooring - Vinyl
  • Finished area above ground: 1,175

Heating & Cooling

  • Heating features: Hot Water,Steam,Oil
  • Cooling features: Window Unit(s),Wall Unit(s)

Interior Area

  • Total structure area: 1,175
  • Total interior livable area: 1,175 sqft

Kitchen

  • Features: Flooring - Vinyl, Remodeled, Stainless Steel Appliances
  • Level: First
  • Area: 168

Living Room

  • Features: Flooring - Vinyl
  • Level: First
  • Area: 143

Master Bathroom

  • Features: No

Master Bedroom

  • Features: Walk-In Closet(s), Flooring - Hardwood
  • Level: Second
  • Area: 143

Office

  • Features: Flooring - Vinyl
  • Level: First
  • Area: 60

Property

Accessibility

  • Accessibility features: No

Details

  • Parcel number: M:084 B:696 L:006,2004974
  • Zoning: R2
  • Foundation area: 650

Features

  • Patio & porch: Porch
  • Exterior features: Porch,Rain Gutters,Screens,Fenced Yard
  • Fencing: Fenced
  • Waterfront features: Ocean,Beach Ownership(Public)
  • Frontage length: 50.00

Lot

  • Lot size: 1,982 sqft
  • Features: Level

Parking

  • Total spaces: 2
  • Parking features: Paved Drive,Off Street,Tandem,Paved
  • Has uncovered spaces: Yes
  • 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

  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

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 $2,447$29,364
Home Insurance *$203$2,436
Property Taxes $411$4,932
Electricity $354$4,259
Total$3,415$40,980
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$117,085/yr
40% on housing$102,450/yr
45% on housing$91,066/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

$412This listing

vs Other Active Listings

Avg $/sqft

ZIP 01902$273
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
2026-08-10Price change$450,000
2026-07-27Price change$484,000
2026-06-23Listed for sale$499,000
1997-06-25Sold$56,500
1988-12-21Sold$113,000

For Sale by Agent

AgentJohn Farrell
BrokerageColdwell Banker Realty - Beverly

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