Active Under Contract
21 Days on market
55 Addison Ave Lynn — Photo 1 of 16
Recent Drop: $21,000
$566,000$545,000
$545,000
55 Addison Ave, Lynn, MA 01902
Lynn, MA 01902
Beds
4
Baths
1
SqFt
1,083
Style
Single Family
Built
1925
Welcome to 55 Addison Ave! Charming East Lynn bungalow featuring refinished hardwood floors, fresh paint, an updated kitchen, flexible bonus space, and a spacious basement. Enjoy a fenced backyard, detached 2-car garage, and off-street parking. Conveniently located near shopping, parks, public transportation, and major routes. Move-in ready and full of potential—don’t miss this opportunity!
Market Value Analysis
This Property
Size (SqFt) →Price →This Property$503/sqft
Local Avg (Lynn)$393/sqft
28% AboveMarket Average
* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Lynn, MA.
Property Details
Financials
Original Price$566,000
Annual Taxes$5,052
Parking
Garage2
Off-Street6
Interior Specifications
Total Rooms6
Fireplaces1
FlooringTile, Carpet, Hardwood
BasementFull, Concrete, Unfinished
Climate & Utilities
HeatingForced Air, Natural Gas
CoolingCentral Air
WaterPublic
SewerPublic Sewer
Building & Exterior
ConstructionConventional (2x4-2x6)
RoofShingle, Wood
FoundationConcrete Perimeter, Block, Stone
Zoningres
Property & Lot
Acres0.06
SqFt Lot2,491
Lot FeaturesOther
Amenities & Appliances
Range • Refrigerator • Washer/Dryer
Neighborhood
Public Transportation • Shopping • Park • Laundromat • Highway Access • House of Worship
Geography
Property History
Price Drop
$545,000
Was $566,000
Aug 22, 2026
MLS® 73562871
Listed
$566,000
Aug 12, 2026
MLS® 73562871
Population
50,066
U.S. Census Bureau, ACS 2024 5-Year Estimates (B01003)
Median Household Income
$67K
U.S. Census Bureau, ACS 2024 5-Year Estimates (B19013)
Renter-Occupied Homes
63.1%
U.S. Census Bureau, ACS 2024 5-Year Estimates (B25003)
New Construction Permits — Essex County
992 housing units permitted in the last 12 months (-15% vs the prior 12 months) — 515 in 5+ unit buildings
U.S. Census Bureau, Building Permits Survey (through Jun '26)
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 542 sq ft (the lesser of 900 sq ft or half the 1,083 sq ft principal dwelling). Lot size: 2,491 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Listing Provided By
Listing Agent: Sonia Lithgow
Listing Office: Tropical Realty
MLS® Number: 73562871
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