
5 Morrill Place Lynn — Photo 1 of 23
Recent Drop: $34,000
$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
* Analysis is based on 24 actively listed and recently sold comparable properties strictly within Lynn, MA.
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
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
Living Room
Lvl First13 x 11
Flooring - Vinyl
Dining Room
Lvl First11 x 10
Flooring - Vinyl
Kitchen
Lvl First12 x 14
Flooring - Vinyl, Remodeled, Stainless Steel Appliances
Office
Lvl First6 x 10
Flooring - Vinyl
Primary Bedroom
Lvl Second13 x 11
Walk-In Closet(s), Flooring - Hardwood
Bedroom 2
Lvl Second8 x 8
Bedroom 3
Lvl Second8 x 8
Bathroom 1
Lvl Second8 x 7
Bathroom - With Shower Stall, Flooring - Stone/Ceramic Tile
Property History
$450,000
Was $484,000
Aug 10, 2026
MLS® 73540468
$484,000
Was $499,000
Jul 27, 2026
MLS® 73540468
$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 Agent: John Farrell
Listing Office: Coldwell Banker Realty - Beverly
MLS® Number: 73540468









