Active
102 Days on market
5 Morrill Place Lynn — Photo 1 of 23

5 Morrill Place Lynn — Photo 1 of 23

Recent Drop: $34,000

$484,000
$450,000

$450,000

5 Morrill Place, Lynn, MA 01902

Lynn, MA 01902 — East Lynn

Beds

2

Baths

1

SqFt

1,175

Style

Single Family

Built

1880

This New England cottage offers functional updates and a highly connected location. The main level begins with an entry foyer opening into the living space and an updated kitchen with new cabinetry, countertops, and stainless steel appliances. An office sits right next to the kitchen, maintaining an open connection to the cooking space and living room, alongside a separate dining room. Just off the kitchen, a covered porch includes a deep storage closet. Upstairs, the second level accommodates an updated bathroom and two bedrooms, including one with an adaptable two-room configuration that works well for a suite, office, or project room. Outside, you will find a small fenced yard and a side driveway for off-street parking. Mechanical upgrades include a newer heating system, washer, and dryer. Located near downtown, Central Square, and Wyoma Square, the property offers easy access to the Lynn Commuter Rail Station, local beaches, and the coastline.

Key facts

It was listed on June 23, 2026. The price has come down from an original $499,000 to $450,000 across 2 changes, most recently on August 10, 2026. The annual property taxes are $4,960 (2026 tax year). It sits on a 0.05-acre (1,982 sq ft) lot.

Market Value Analysis

This Property
Size (SqFt) →Price →
This Property$383/sqft
Local Avg (Lynn)$419/sqft
9% BelowMarket Average

* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Lynn, MA.

Property Details

Financials

Original Price$499,000
Annual Taxes$4,960

Parking

Garage0
Off-Street2

Interior Specifications

Total Rooms5
FireplacesNone
FlooringWood, Tile, Vinyl, Flooring - Vinyl
BasementInterior Entry, Unfinished

Climate & Utilities

HeatingHot Water, Steam, Oil
CoolingWindow Unit(s), Wall Unit(s)
WaterPublic
SewerPublic Sewer

Building & Exterior

ConstructionFrame
RoofShingle
FoundationStone, Brick/Mortar
ZoningR2

Property & Lot

Acres0.05
SqFt Lot1,982
Lot FeaturesLevel

Amenities & Appliances

Tankless Water Heater • Range • Dishwasher • Refrigerator • Washer • Dryer

Neighborhood

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

Geography

Floorplan Breakdown

Structural Layout

Second
Primary BedroomBedroom 2Bedroom 3Bathroom 1
First
Living RoomDining RoomKitchenOffice
Living Room
Lvl First

13 x 11

Flooring - Vinyl

Dining Room
Lvl First

11 x 10

Flooring - Vinyl

Kitchen
Lvl First

12 x 14

Flooring - Vinyl, Remodeled, Stainless Steel Appliances

Office
Lvl First

6 x 10

Flooring - Vinyl

Primary Bedroom
Lvl Second

13 x 11

Walk-In Closet(s), Flooring - Hardwood

Bedroom 2
Lvl Second

8 x 8

Bedroom 3
Lvl Second

8 x 8

Bathroom 1
Lvl Second

8 x 7

Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile

Property History

Price Drop
$450,000

Was $484,000

Aug 10, 2026

MLS® 73540468

Price Drop
$484,000

Was $499,000

Jul 27, 2026

MLS® 73540468

Listed
$499,000

Jun 23, 2026

MLS® 73540468

Questions about this home

When was 5 Morrill Place, Lynn listed?

5 Morrill Place, Lynn was listed on June 23, 2026.

Has the price of 5 Morrill Place, Lynn changed?

The price has come down from an original $499,000 to $450,000 across 2 changes, most recently on August 10, 2026.

What are the property taxes for 5 Morrill Place, Lynn?

The annual property taxes for 5 Morrill Place, Lynn are $4,960 (2026 tax year).

How big is the lot at 5 Morrill Place, Lynn?

5 Morrill Place, Lynn sits on a 0.05-acre (1,982 sq ft) lot.

What is the status of 5 Morrill Place, Lynn?

5 Morrill Place, Lynn is actively listed for sale.

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

1,060 housing units permitted in the last 12 months (-11% vs the prior 12 months) — 603 in 5+ unit buildings

U.S. Census Bureau, Building Permits Survey (through Jul '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: 588 sq ft (the lesser of 900 sq ft or half the 1,175 sq ft principal dwelling). Lot size: 1,982 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: John Farrell

Listing Office: Coldwell Banker Realty - Beverly

MLS® Number: 73540468