CCertihomes
lot 4 Vallis Way, Lynnfield, MA 01940

$1,299,000

0 beds 0 baths 409 days on marketActive

About this home

With only two lots available, this is a unique chance to build a dream home on level ground & free of wetlands, which is indeed a rarity. The ongoing street installation, set to complete about April 2024, adds to the readiness of the site. It's important to note that the price mentioned is for the land only. This gorgeous subdivision, encompassing a scenic 8-acre area, will eventually house just four homes, making it a private and desirable location. The options for building are flexible, with one lot offering the choice of using an independent builder or not, while the other lot is set for a spec home which the developer expects to have ready near the end of 2024. Prospective buyers or visitors should remember to coordinate with the listing agent before walking or driving on the property, respecting the ongoing construction and paving work. The zoning allowing 4 bedroom homes plus offices is suitable for 3500-7000 sq ft homes. Youtube drone video available

Affordability — calculate your monthly payment

Adjust your budget to see what's left after housing, utilities and transportation. Numbers below assume a 5% down, 30YrJumbo at 4% APR.

Your estimated payment
$9,880/mo

Real estate (PITI + HOA + PMI)
$9,549
Principal + interest$5,892
Property tax + insurance$3,170
PMI / 2nd mortgage$487
Utilities
$1,196
Heating + cooling$436
Internet + TV + phone$158
Water + sewer + garbage$58
Transportation
$116
Car insurance + maintenance$116
Other (entertainment)
$158
$9,880/mo TLC
Budget$10,380/mo
Remaining after TLC$500/mo
Purchase price
$1,299,000
Down payment
$64,950 (5%)
Loan amount
$1,234,050
APR
4%

Quick facts

Type
Residential
Style
Year built
Lot size
0.93 ac
Stories
0
Heating
Cooling
Water
Public
HOA
Annual tax
MLS #
73073588
County
Essex

Home features

Community
Sidewalks
Sewer
Private Sewer

Lot features

Underground Storage Tank, Level, Wooded, Cul-De-Sac, Curbs & Gutters, Storm Drains, Sidewalks, Lot Staked

Schools

Elementary
Summer St
Middle
Lms
High
Lhs

Neighborhood — 01940

MetricThis ZIPCountyUSA
Population13,0806,444,931299,088,112
Population Change Since19902.00%7.00%20.00%
Population Density1,252786
Male6,4993,127,134147,432,321
Female6,5813,317,797151,655,844
Never Married2,1671,612,88563,775,926
Married6,9772,586,314123,120,365
Separated157247,85712,639,686
Widowed656363,59415,467,586
Divorced560436,88823,075,029
Number Of House Hold4,5572,431,591111,826,380
Average House Hold Size2.872.562.60
Medial Age43.1537.2535.46
Median House Hold Income$95,121$57,698$48,276
Average House Hold Income$130,838$75,023$63,629
P C I$45,583$29,196$24,529
M D I$73,979$48,105$41,133
A T H E$86,143$57,083$50,898
S T R5.00%5.00%
W C J77.56%81.38%77.74%
(Zip) Code
1940

Data via Certihomes neighborhood index. Comparisons across this ZIP, county and the United States.

Map & walkability

Open in Google Maps →
MLSPIN

Listing information last refreshed 1/25/2023. Provided courtesy of the listing office via MLSPIN. Information deemed reliable but not guaranteed.