Google street view image for 16 Homestead Rd, Lynnfield, MA 01940

Off market dec 2002 for $552K

$1,070,474

Est. refi paymentEst. refi $2,181/mo

•

2.5 ba

•

2,587

sq ft

16 Homestead Rd, Lynnfield, MA 01940

About this home

16 Homestead Rd is a 2,587 square foot house on a 10,454 square foot lot with 4 bedrooms and 2.5 bathrooms. - it last sold on December 27, 2002 for $552,000. Based on Redfin's Lynnfield data, we estimate the home's value is $1,070,474.

Single-familyProperty Type

1941Year Built

10,454 sq ftLot Size

$414Est. Price/Sq.Ft.

1 garage spacesParking

Source:Public Records

Redfin Estimate

$1,070,474

$518K since sold in December 2002$1,000 since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 20.2% higher than the average sale price ($891K) of 6 comparable homes.

SOLD AUG 24, 2026
$1,511,000
A
4 beds2.5 baths2,912 sq ft
22 Homestead Rd, Lynnfield, MA 01940
SOLD SEP 2, 2026
$800,000
B
4 beds2.5 baths2,100 sq ft
10 Perley Ave, Peabody, MA 01960
SOLD JUL 15, 2026
$765,000
C
4 beds2 baths2,144 sq ft
31 Herrick Rd, Peabody, MA 01960
SOLD OCT 9, 2026
$687,500
D
3 beds2 baths1,629 sq ft
11 Homestead Rd, Lynnfield, MA 01940
SOLD JAN 14, 2026
$870,000
E
4 beds2.5 baths2,384 sq ft
24 Perley Ave, Peabody, MA 01960
SOLD SEP 28, 2026
$710,000
F
3 beds3 baths2,618 sq ft
45 Bradford Rd, Peabody, MA 01960

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Earn from this home

Sell

$878,421

Est. take-home

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Est. cash available

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Rent

$3,454/mo

Redfin rental estimate

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Market trends in 01940, MA

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

102.4%

0.0% MoM

Median sale price

$1.2M

$124K MoM

Avg. days on market

23d

1 days MoM

Recently sold homes

11 MoM

New listings for sale

OPEN TODAY, 4:30PM TO 6PM
$1,499,000
5 beds2.5 baths5,384 sq ft
9 Spearfield Ln, Lynnfield, MA 01940
OPEN TODAY, 4PM TO 6PM
$1,295,000
3 beds3 baths3,168 sq ft
16 Midland Rd, Lynnfield, MA 01940
OPEN SAT, 11AM TO 1PM
$939,900
2 beds2.5 baths2,100 sq ft
900 Lynnfield St #15, Lynnfield, MA 01940
OPEN SUN, 3PM TO 4:30PM
$1,899,000
3 beds3.5 baths3,900 sq ft
50 Chestnut St, Lynnfield, MA 01940
OPEN SUN, 1PM TO 2:30PM
$999,000
3 beds1.5 baths1,950 sq ft
19 Longbow Rd, Lynnfield, MA 01940
See all

Provided by Redfin

Sale history for 16 Homestead Rd

Year

Property tax

Land + Additions

Assessment*

2023

$9,003 (+5.3%)

$495,300 + $301,400

$796,700

2022

$8,550 (+8.6%)

$454,900 + $258,200

$713,100

2021

$7,876 (+2.0%)

$370,600 + $222,900

$593,500

2020

$7,723

$331,900 + $222,900

$554,800

2019

$7,717 (+1.1%)

$331,900 + $222,900

$554,800

2018

$7,634 (+2.0%)

$331,900 + $222,900

$554,800

2017

$7,483 (+7.2%)

$320,100 + $222,900

$543,000

2016

$6,980 (+0.3%)

$274,600 + $206,800

$481,400

2015

$6,961 (+2.4%)

$273,600 + $206,800

$480,400

2014

$6,800 (+3.8%)

$273,600 + $186,800

$460,400

2013

$6,553 (+5.9%)

$252,700 + $189,500

$442,200

2012

$6,186 (+5.7%)

$244,300 + $189,500

$433,800

2011

$5,852 (+3.0%)

$244,300 + $189,500

$433,800

2010

$5,683 (+5.9%)

$262,800 + $179,800

$442,600

2009

$5,365

$278,000 + $199,300

$477,300

Tax history for 16 Homestead Rd

Year

Property tax

Land + Additions

Assessment*

2023

$9,003 (+5.3%)

$495,300 + $301,400

$796,700

2022

$8,550 (+8.6%)

$454,900 + $258,200

$713,100

2021

$7,876 (+2.0%)

$370,600 + $222,900

$593,500

2020

$7,723

$331,900 + $222,900

$554,800

2019

$7,717 (+1.1%)

$331,900 + $222,900

$554,800

2018

$7,634 (+2.0%)

$331,900 + $222,900

$554,800

2017

$7,483 (+7.2%)

$320,100 + $222,900

$543,000

2016

$6,980 (+0.3%)

$274,600 + $206,800

$481,400

2015

$6,961 (+2.4%)

$273,600 + $206,800

$480,400

2014

$6,800 (+3.8%)

$273,600 + $186,800

$460,400

2013

$6,553 (+5.9%)

$252,700 + $189,500

$442,200

2012

$6,186 (+5.7%)

$244,300 + $189,500

$433,800

2011

$5,852 (+3.0%)

$244,300 + $189,500

$433,800

2010

$5,683 (+5.9%)

$262,800 + $179,800

$442,600

2009

$5,365

$278,000 + $199,300

$477,300

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Property details

Interior

Basement Information
Basement Sq. Ft: 1,084
Basement Type: Finished

Bathroom Information
# of Full Baths: 2
# of 1/2 Baths: 1

Heating & Cooling
Heating Type: Forced Air

Fireplace Information
# of Fireplaces: 1
Has Fireplace

Room Information
# of Rooms: 8

Exterior

Exterior Information
Physical Condition: Good
Building Style Type: Colonial
Construction Type: Frame
Exterior Wall: Wood Siding/Shingle
Roof Shape Type: Gable

Property Information
Subdivision Name: PLAN 23
Living Sq. Ft: 2,587
Gross Sq. Ft: 3,848
# of Units: 1
# of Stories: 2

Parking & Garage Information
Parking Type: Attached Garage
Garage / Carport Type: Attached

Lot Information
# of Buildings: 1
Land Sq. Ft: 10,454
Municipality Name: LYNNFIELD
Acres: 0.24
Zoning Code: RB
State Use Description: 1-FAMILY RESIDENCE

Financial

Assessor Information
Assessment Year: 2023

Public facts

Beds: 4
Baths: 2.5
Sq. Ft.: 2,587
Stories: 2.0
Lot Size: 10,454 square feet
Style: Single Family Residential
Year Built: 1941
Year Renovated: —
County: Essex County
APN: 1980943

Home facts updated by county records on Jul 20, 2023

Around this home

Schools

Summer Street School

Public K-4 • Assigned • 0.6mi

9/10

Lynnfield Middle School

Public 5-8 • Assigned • 0.7mi

8/10

Lynnfield High School

Public 9-12 • Assigned • 0.4mi

9/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Local insights from Redfin agents

Lynnfield remains a competitive seller’s market, defined by chronically low inventory and high demand. While the "frenzy" of the pandemic years has cooled slightly—allowing buyers a bit more breathing room for inspections and negotiation—prices for...
3 weeks ago • Lynnfield
Emmanuel Paul
Redfin Premier agent
381 deals
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Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

4/10 Fire Factor

0.93% chance of being in a wildfire in next 30 years

5/10 Heat Factor

7 days above 98° expected this year, 15 days in 30 years

6/10 Wind Factor

59% 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

Lynnfield, MA • 01940

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.1 hours in June and 4.4 hours in December, placing it below the U.S. average for solar exposure.

9.1 hrs

4.4 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$1.02M – $1.23M

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Nearby similar homes

OPEN TODAY, 4:30PM TO 6PM

$1,499,000

5 beds2.5 baths5,384 sq ft

9 Spearfield Ln, Lynnfield, MA 01940

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Listing provided by Zillow

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OPEN SUN, 11AM TO 12:30PM

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OPEN SAT, 1PM TO 2:30PM

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OPEN SUN, 1PM TO 2:30PM

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New listings for sale in 01940

OPEN TODAY, 4:30PM TO 6PM

$1,499,000

5 beds2.5 baths5,384 sq ft

9 Spearfield Ln, Lynnfield, MA 01940

OPEN TODAY, 4PM TO 6PM

$1,295,000

3 beds3 baths3,168 sq ft

16 Midland Rd, Lynnfield, MA 01940

OPEN SAT, 11AM TO 1PM

$939,900

2 beds2.5 baths2,100 sq ft

900 Lynnfield St #15, Lynnfield, MA 01940

OPEN SUN, 3PM TO 4:30PM

$1,899,000

3 beds3.5 baths3,900 sq ft

50 Chestnut St, Lynnfield, MA 01940

OPEN SUN, 1PM TO 2:30PM

$999,000

3 beds1.5 baths1,950 sq ft

19 Longbow Rd, Lynnfield, MA 01940

Home values near 16 Homestead Rd

Data from public records.

Address	Redfin Estimate
51 Homestead Road, Lynnfield, MA 4 Beds \| 2 Baths \| 2166 Sq. Ft.	$945,500
9 Homestead Road, Lynnfield, MA 3 Beds \| 1.5 Baths \| 2023 Sq. Ft.	$982,027

Address	Redfin Estimate
10 Homestead Road, Lynnfield, MA 3 Beds \| 1.5 Baths \| 1146 Sq. Ft.	$753,691
11 Homestead Road, Lynnfield, MA 3 Beds \| 2 Baths \| 1629 Sq. Ft.	$761,806

Address	Redfin Estimate
53 Homestead Road, Lynnfield, MA 2 Beds \| 2 Baths \| 1960 Sq. Ft.	$891,916
55 Homestead Road, Lynnfield, MA 3 Beds \| 1.5 Baths \| 1850 Sq. Ft.	$866,100

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