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344 Broadway, Lynnfield, MA, 01940

3beds
1baths
1,546sqft
$1,110,000
$718price/sqft
$6,462/moest. monthly cost
$258,480/yrincome needed

About This Home

Unique property located on route 1 south bound. 210 ' of frontage right on route 1 consists of single family all brick dwelling and a building/greenhouse that once housed a florist. .Fantastic visibility! Thousands of vehicles passing by daily ! Opportunity knocks for certain businesses such as home office, garden, nurseries, child care, education, non profit, religious etc. The property can be rented out to 2 DIFFERENT TENANTS The tenant for the house can be different from the tenant for the building The use is to be approved by town for renting the building Buyer/buyer's agent to perform your own due diligence. Interior access to property only to serious buyers. Title V to be requested upon written offer if applicable. The house needs some TLC and the building/greenhouse is in dis- repair. Single family house is approx 1546 sq ft and building/greenhouse is approx 2000 sq ft.

Getting Around

47
WalkingCar-Dependent
0
TransitVery Limited Transit
26
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 9-122.3 mi

Construction

Condition

  • Year built: 1934

Materials

  • Foundation: Concrete Perimeter
  • Roof: Shingle

Type & Style

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

Interior

Appliances

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

Basement

  • Has basement: Yes
  • Basement: Full

Bedroom2

  • Features: Closet, Flooring - Hardwood
  • Level: First

Bedroom3

  • Features: Closet, Flooring - Hardwood
  • Level: First

Bedrooms & Bathrooms

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

Features

  • Bonus Room
  • Number of fireplaces: 1
  • Fireplace features: Living Room
  • Fireplace: Yes
  • Finished area above ground: 1,546

Heating & Cooling

  • Heating features: Baseboard,Oil
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,546
  • Total interior livable area: 1,546 sqft

Kitchen

  • Level: First

Living Room

  • Level: Main,First

Master Bathroom

  • Features: No

Master Bedroom

  • Features: Closet, Flooring - Hardwood
  • Level: First

Property

Details

  • Parcel number: 1983701
  • Zoning: LB
  • Foundation area: 1760

Lot

  • Lot size: 0.57 Acres
  • Features: Corner Lot

Parking

  • Total spaces: 9
  • Parking features: Attached,Paved Drive,Off Street,Paved
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • Has uncovered spaces: Yes
  • Uncovered spaces: 8

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 $5,612$67,344
Home Insurance *$299$3,588
Property Taxes $197$2,364
Electricity $354$4,259
Total$6,462$77,544
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$221,554/yr
40% on housing$193,860/yr
45% on housing$172,320/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

$718This listing

vs Other Active Listings

Avg $/sqft

ZIP 01940$452
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
2026-05-06Price change$1,110,000
2025-04-26Listed for sale$1,199,888
2018-08-17Sold$665,000
2018-08-01Pending sale$699,000
2018-08-01Listed for sale$699,000
2018-05-22Listing removed$699,000
2018-05-14Listed for sale$699,000
2014-01-14Listing removed$850,000
2013-11-18Listed for sale$850,000
2013-09-25Listing removed$799,900
2013-05-24Listed for sale$799,900
2011-03-15Sold$360,000

For Sale by Agent

AgentJulie Tsakirgis Group
BrokerageRE/MAX Property Shoppe, Inc.

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