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1200 Salem St #135 Lynnfield — Photo 1 of 37

1200 Salem St #135 Lynnfield — Photo 1 of 37

$649,900

Investment Analysis — 1200 Salem St #135

Lynnfield, MA 01940

Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 3-bedroom in 01940 carries an estimated $3,900/mo in gross rent — about a 3.40% cap rate and $22,104/yr in estimated NOI at the $649,900 list price. Adjust every assumption in the calculator below.

View Standard Listing

Beds

3

Baths

3

SqFt

2,305

Style

Condominium

Built

1985

Open House Sunday 10/04 1:00PM-2:30PM. Welcome to Cedar Pond Village, where spacious living meets a peaceful natural setting. This beautifully maintained 3-beds, 2-full and 2-half-bath townhouse offers 2,305 square feet of thoughtfully designed living space. The main level features an inviting open-concept layout with hardwood floors, abundant natural light, and two fireplaces. The eat-in kitchen with granite countertops flows seamlessly into the dining and living areas, creating a comfortable space for both everyday living and entertaining. French doors open to a private deck overlooking the tranquil brook and surrounding landscape. The second level offers two generously sized bedrooms, including a spacious primary suite with cathedral ceiling, walk-in closet, and private full bath. A third bedroom on the top level provides additional privacy and flexibility—perfect for guests, a home office, studio, or private retreat. The finished lower level adds even more versatile family room living space with a fireplace, ample storage, and exterior access. With multiple levels of living and flexible spaces throughout, this home easily adapts to today's lifestyle. Residents of Cedar Pond Village enjoy an array of community amenities, including an in-ground pool, clubhouse, fitness center, tennis courts, and playground. Walking trail. Ideally located near major routes, shopping, dining, and everyday conveniences, this home offers the perfect combination of space, privacy, community amenities, and accessibility.

Estimates — not financial advice

These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.

Immersive Experience

Open Houses

Property Details

Financials

Original Price$649,900
Annual Taxes$5,940
HOA Fee$627

Parking

Garage1
Off-Street4

Interior Specifications

Total Rooms7
Fireplaces2
FlooringTile, Carpet, Hardwood, Flooring - Stone/Ceramic Tile
BasementY

Climate & Utilities

HeatingForced Air, Electric
CoolingCentral Air
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
Foundation--
ZoningR-5

Property & Lot

Acres--
SqFt Lot--
Lot Features--

Amenities & Appliances

Range • Dishwasher • Disposal • Refrigerator • Freezer • Washer • Dryer

Neighborhood

Public Transportation • Shopping • Pool • Tennis Court(s) • Park • Walk/Jog Trails

Geography

Floorplan Breakdown

Structural Layout

Third
Bedroom 3
Second
Primary BedroomBedroom 2Bathroom 2Bathroom 3
First
Living RoomBathroom 1
Basement
Family Room
Main,First
Dining RoomKitchen
Living Room
Lvl First

19 x 14

Flooring - Hardwood, French Doors, Deck - Exterior, Open Floorplan

Dining Room
Lvl Main,First

16 x 11

Flooring - Hardwood, Open Floorplan

Kitchen
Lvl Main,First

12 x 9

Flooring - Stone/Ceramic Tile, Window(s) - Bay/Bow/Box, Countertops - Stone/Granite/Solid, Breakfast Bar / Nook, Open Floorplan

Family Room
Lvl Basement

19 x 11

Closet, Flooring - Hardwood, French Doors, Exterior Access

Primary Bedroom
Lvl Second

14 x 11

Bathroom - Full, Cathedral Ceiling(s), Walk-In Closet(s), Flooring - Wall to Wall Carpet

Bedroom 2
Lvl Second

13 x 12

Bedroom 3
Lvl Third

14 x 11

Skylight, Cathedral Ceiling(s), Ceiling Fan(s), Closet, Flooring - Wall to Wall Carpet

Bathroom 1
Lvl First

6 x 3

Bathroom - Half, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid

Bathroom 2
Lvl Second

13 x 5

Bathroom - Full, Bathroom - Tiled With Tub & Shower, Countertops - Stone/Granite/Solid

Bathroom 3
Lvl Second

7 x 6

Bathroom - Full, Bathroom - With Shower Stall, Countertops - Stone/Granite/Solid

Listing Provided By

Listing Agent: The Synergy Group

Listing Office: The Synergy Group

MLS® Number: 73580473