Beautifully maintained and thoughtfully designed, this charming Colonial offers a versatile layout with generous living spaces and room to grow. The main level features a welcoming living room with bay window, a spacious family room, and a large eat-in kitchen with abundant cabinetry, stone countertops, recessed lighting, and direct access to the deck ideal for everyday living and entertaining. The upper level offers two generously sized bedrooms with hardwood flooring, along with a full bath.The finished lower level adds approximately 677 square feet of versatile living space, complete with an additional bathroom and laundry area perfect for a home office, gym, guest space, playroom, or extended living needs. Outside, enjoy a private fenced backyard with a spacious deck and storage shed, creating a wonderful setting for summer gatherings, gardening, or simply relaxing outdoors. With two off-street parking spaces and a location just moments from the beach, shopping, dining, parks, public transportation, and the T, this home combines comfort, flexibility, and convenience in one inviting package.
Fayette Street, located between Central Square and Lynn Common, is a residential and commercial Lynn neighborhood with late-19th-century streetscapes and a walkable downtown edge. The neighborhood’s character concentrates around Central Square, where storefronts, cafés, and civic buildings set a steady, street-level rhythm. Community pillars include the Lynn Museum & Historical Society, the LynnArts cultural campus, and the Lynn Auditorium for concerts and performances. Triple-deckers and compact multifamily homes line side streets, while wider corridors carry buses and daily errands. Pocket parks and the Common add green relief near the brick-and-stone downtown blocks. The shoreline and Lynn Shore Drive sit a short ride away for open-water views and long walks.
Provided by Walk Score and Local Logic
Offer insights
47 Chestnut St · $549,900
$578K and above
75% chance or better to win
Why $578K+ is a strong offer
DAYS ON MARKET
13 days
The average home goes pending in 21 days.
SALE-TO-LIST
102.5%
Most homes are selling 2% above list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Bonus room
Storm windows
Recessed lighting
Window bay/bow/box
Cable hookups
Bedrooms
Master bedroom on the second floor with hardwood flooring and cable hookup
Second bedroom with hardwood flooring and cable hookup
Bathrooms
Two full bathrooms and one half bathroom
First-floor half bathroom with stone/ceramic tile flooring
Second-floor full bathroom with tiled shower stall, stone/granite/solid countertops, and stone/ceramic tile flooring
Master bathroom included
Kitchen
Dining area
Stone/granite/solid countertops
Deck access from kitchen (slider)
Recessed lighting
Laundry & utility
Washer and dryer provided
Washer hookup and electric dryer hookup in the basement
Flooring
Hardwood flooring
Vinyl flooring
Tile/stone flooring
Heating & cooling
Central heating (natural gas)
Central air conditioning
Has heating and cooling
Exterior features
Deck
Rain gutters
Storage
Fenced yard
Fenced property
Public road frontage on a paved street
Near bay and within 0–1/10 mile to the beach (public beach access)
Home design
Single family residence
Above-grade finished living area reported
Parking
Two off-street paved/open parking spaces (paved driveway)
Security
Security system installed
Construction
Shingle roof
Concrete perimeter foundation
Conventional 2x4–2x6 construction
Utilities
Public water
Public sewer
Electric service with circuit breakers
Gas connections for range and oven
Sump pump in basement
Gas water heater and water heater
HOA & community
Community features include public transportation, shopping, parks, public schools, and a T-Station
Not a senior community
Electricity and solar
View estimated energy costs and solar savings for this home
House is in good condition throughout. The property has a small fenced in back yard, close too public transportation and the beach. Bank owned property, all accepted offers must include a Bank of America pre-qual letter. Contact local BAC branch for a free no obligation pre-approval. Buyer will get free appraisal and credit report if financed through BAC. Cash buyers will need to verify funds. Property is sold AS IS.
Public Records
Jul 29, 2003
Sold
$222,000
$183/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$4,694 (+6.2%)
$174,700 + $246,300
$421,000
2022
$4,420 (+7.6%)
$136,400 + $219,200
$355,600
2021
$4,107 (+1.6%)
$111,800 + $203,400
$315,200
2020
$4,044 (+7.0%)
$114,900 + $186,900
$301,800
2019
$3,779 (+1.6%)
$88,700 + $175,600
$264,300
2018
$3,719 (+4.7%)
$99,600 + $145,900
$245,500
2017
$3,551 (+7.0%)
$87,500 + $140,100
$227,600
2016
$3,319 (+3.2%)
$73,100 + $132,000
$205,100
2015
$3,216 (+8.6%)
$77,400 + $114,600
$192,000
2014
$2,962 (+0.7%)
$64,100 + $108,800
$172,900
2013
$2,941 (−3.0%)
$65,600 + $108,100
$173,700
2012
$3,031 (+4.1%)
$72,700 + $113,500
$186,200
2011
$2,913 (+5.3%)
$59,400 + $120,200
$179,600
2010
$2,766 (−1.0%)
$56,300 + $121,800
$178,100
2009
$2,794
$87,700 + $131,600
$219,300
Public record
Beds
2
Baths
1.5
Stories
2
Lot width
—
Lot depth
—
Lot size
3,049 Sq. Ft.
Year renovated
1966
Finished Sq. Ft.
1,216
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,216
Year built
1920
Style
Single Family Residential
County
Essex County
APN
2000128
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 20, 2023.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 96° expected this year, 15 days in 30 years
6/10 Wind Factor
72% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Lynn, MA • 01902
Average low and high temperatures (°F)
34
21
36
22
49
33
57
41
67
51
78
62
83
67
78
62
72
58
63
47
53
38
39
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
61/ 100
Moderate sunlight
Sunscore
There appears to be some shading by surrounding buildings, terrain, and vegetation.
6.9 hrs
3.3 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 47 Chestnut St
$550,333
$433 over list price of $550K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $510K to $585K.