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741 Salem St, Lynnfield, MA, 01940

4beds
3baths
3,648sqft
$967,000
$265price/sqft
$6,169/moest. monthly cost
$246,760/yrincome needed

About This Home

Rare opportunity to own one of the town’s most stunning Victorian homes .space and yard for everyone Elegance ! Enter into a gracious foyer featuring a grand staircase. An inviting Living Room , dining room & "parlor" with beamed ceilings, crystal chandeliers and oversized windows & tall ceilings. 3 levels of beautiful space for everyone to enjoy Impressive beamed ceilings, crystal lighting, 3 elegant fireplace mantels, light-filled rooms showcase home’s charm & craftsmanship. Every room is generously sized & offers flexible use to suit your needs. Finished 3rd floor provides perfect space: private retreat, man cave, playroom, additional bedroom living area. Front & back stairways Beautiful level yard Detached garage Roof 6 yrs Heating is gas

Getting Around

48
WalkingCar-Dependent
0
TransitVery Limited Transit
28
BikeSomewhat Bikeable

Schools

6/10
Huckleberry Hill SchoolGrades K-41.1 mi
7/10
Lynnfield Middle SchoolGrades 5-82.8 mi
9/10
Lynnfield High SchoolGrades 9-122.2 mi

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 1890

Materials

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

Type & Style

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

Interior

Appliances

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

Basement

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

Bathroom1

  • Features: Bathroom - Full, Bathroom - With Shower Stall, Beamed Ceilings, Flooring - Stone/Ceramic Tile
  • Level: First
  • Area: 54

Bathroom2

  • Features: Bathroom - Half, Flooring - Stone/Ceramic Tile
  • Level: First

Bathroom3

  • Features: Bathroom - Full, Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
  • Level: Second
  • Area: 80

Bedroom2

  • Features: Ceiling Fan(s), Beamed Ceilings, Closet, Flooring - Hardwood, Lighting - Overhead
  • Level: Second
  • Area: 300

Bedroom3

  • Features: Closet, Flooring - Hardwood, Lighting - Overhead
  • Level: Second
  • Area: 255

Bedroom4

  • Features: Flooring - Laminate
  • Level: Third
  • Area: 135

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Dining Room

  • Features: Flooring - Wall to Wall Carpet, Flooring - Wood, Lighting - Overhead
  • Level: Main,First
  • Area: 240

Family Room

  • Features: Beamed Ceilings, Flooring - Wall to Wall Carpet, Flooring - Wood, Lighting - Overhead
  • Level: Main,First
  • Area: 330

Features

  • Ceiling Fan(s),Pantry,Cabinets - Upgraded,Cathedral Ceiling(s),Beamed Ceilings,Kitchen,Great Room,Play Room
  • Door features: French Doors
  • Flooring: Wood,Tile,Carpet,Hardwood,Flooring - Stone/Ceramic Tile,Laminate
  • Number of fireplaces: 3
  • Fireplace features: Dining Room,Family Room,Living Room
  • Fireplace: Yes
  • Finished area above ground: 3,648

Heating & Cooling

  • Heating features: Central,Hot Water,Natural Gas,Fireplace
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 3,648
  • Total interior livable area: 3,648 sqft

Kitchen

  • Level: Main,First
  • Area: 117

Living Room

  • Features: Beamed Ceilings, Closet/Cabinets - Custom Built, Flooring - Wall to Wall Carpet, Flooring - Wood, Lighting - Sconce, Lighting - Overhead
  • Level: Main,First
  • Area: 360

Master Bathroom

  • Features: No

Master Bedroom

  • Features: Ceiling Fan(s), Walk-In Closet(s), Flooring - Hardwood
  • Level: Second
  • Area: 240

Property

Details

  • Parcel number: 1983645
  • Zoning: RA
  • Foundation area: 576

Features

  • Patio & porch: Porch,Deck - Wood
  • Exterior features: Porch,Deck - Wood,Balcony,Rain Gutters,Storage,Professional Landscaping,Fenced Yard
  • Fencing: Fenced

Lot

  • Lot size: 0.66 Acres
  • Features: Level

Parking

  • Total spaces: 13
  • Parking features: Detached,Garage Door Opener,Storage,Carriage Shed,Paved Drive,Off Street,Paved
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • Has uncovered spaces: Yes
  • Uncovered spaces: 12

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

  • Hurricane
    HurricaneModerate
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Hurricane
Inland Flooding
Ice Storm
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 $4,889$58,668
Home Insurance *$261$3,132
Property Taxes $300$3,600
Electricity $719$8,632
Total$6,169$74,028
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$211,508/yr
40% on housing$185,070/yr
45% on housing$164,506/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

$265This listing

vs Other Active Listings

Avg $/sqft

ZIP 01940$465
Essex County$385

vs Homes Sold Last Month

Median $/sqft

ZIP 01940$387
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
2026-04-26Price change$967,000
2026-03-18Price change$999,900
2026-03-05Listed for sale$1,100,000
2026-03-05Contingent$1,100,000
2026-02-12Listed for sale$1,100,000
1988-12-27Sold$137,500

For Sale by Agent

AgentJulie Tsakirgis Group
BrokerageRE/MAX Property Shoppe, Inc.

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