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Lexington 02421 North Lexington
1 Patterson Road
$1,221,000
● House - Off Market

1 Patterson Road

Lexington, MA 02421
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,000 Ft²
$1,861,843
RealtyHop Estimate
55.41%
Since Sep 1, 2017
MA-Boston
Primary Model

About This Property

Built  2005 this center entrance colonial home offers 9 rooms 4 bedrooms 2.5 bath 2 over sized garage, 3000Sqft living space on 1/4 acre lot.  The first floor features living room, formal dining room, kitchen with breakfast bar and eating area, family room with gas fire place off the kitchen and office. The second floor features 4 bedrooms with a front to back master, master bath and walk-in closet. 3 other good sized bedrooms.  Unfinished basement can be potential for expansion.  Walk to Hasting elementary school, close to public transportation and easy access to I-95.
Unit Size
3,000 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$399
Property Type
House
Property Taxes
$1,190
HOA Dues
-
Year Built
2005

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #72193272)

Price History

Date / Event Date Event Price
Aug 18, 2017 Sold
Premium
Sold
Jul 6, 2017 Listed by Coldwell Banker Residential Brokerage - Lexington $1,198,000
Listed by Coldwell Banker Residential Brokerage - Lexington
Sep 1, 2005 Sold
Premium
Sold
Feb 10, 2005 Listed by Coldwell Banker Residential Brokerage - Lexington $989,000
Listed by Coldwell Banker Residential Brokerage - Lexington
Feb 24, 2003 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,108
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,427
  • Total Building Area: 2,913
  • Gross Building Area: 4,700
  • Building Area: 2,913
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,913
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000285
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358600

Zoning

  • Zoning: RO

Geography

  • Parcel: LEXI M:0059 L:000117
  • Lot: 117
  • Municipality: LEXINGTON
  • Latitude: 42.451
  • Longitude: -71.2576

    Address

  • Full Address: 1 Patterson Rd
  • Address - House Number: 1
  • Address - Street Name: Patterson
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C040
  • 4-Digit Zip Code: 6407
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,898,000

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,824,735
  • High Value: 2,148,136
  • Low Value: 1,501,334

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,460,000
  • Assessed Land Value: $658,000
  • Assessed Improvements Value: $802,000

    Sales

  • Current Sale Recording Date: Aug 18, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 133130
  • Previous Sale Recording Date: Sep 01, 2005
  • Previous Sale Amount: $940,000
  • Previous Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About North Lexington

Stats & Trends

Median Asking:

$1,600,000

Sale Price/ft²

$561

Below Asking

0.02%

Average Days on Market

63

Average Home Size

3612 ft²

Average Home Age

45.5 years

Currently For Sale

27 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72193272

Frequently Asked Questions

When was property at 1 Patterson Road built and last sold?
The property at 1 Patterson Road was built in 2005 and last sold on Jan 1, 1970 for $1,221,000.
How much is this home worth?
The estimated value of the home located at 1 Patterson Road is $1,226,912.
What are some comparable homes to 1 Patterson Road?
There are currently no comparable homes to 1 Patterson Road.
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