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Lexington 02421 Follen Heights
1 Piper Road
$695,000
● House - Off Market

1 Piper Road

Lexington, MA 02421
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,980 Ft²
$1,436,826
RealtyHop Estimate
105.29%
Since May 1, 2010
MA-Boston
Primary Model

About This Property

Meticulous brick ranch on a 30,310 sq. ft. lot in a beautiful & tranquil setting. This unique home offers a spacious open floor plan with 2,980 sq. ft. of living space on one level and features a formal living room with fireplace, formal dining room, large eat-in kitchen with center island, sunfilled family room, 4 spacious bedrooms, 2.5 baths, amazing expansion potential in the walk out lower level & a 2 car garage. Convenient location with easy access to major routes & public transportation.
Unit Size
2,980 Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$235
Property Type
House
Property Taxes
$684
HOA Dues
-
Year Built
1975

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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: 6 months ago (MLSPIN #70968730)

Price History

Date / Event Date Event Price
Apr 22, 2010 Sold
Premium
Sold
Sep 1, 2009 Listed by Coldwell Banker Residential Brokerage - Lexington $699,900
Listed by Coldwell Banker Residential Brokerage - Lexington

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1975
  • Effective Year Built: 1975
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 42
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 2,480
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,435
  • Total Building Area: 2,980
  • Gross Building Area: 6,130
  • Building Area: 2,980
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,980
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000699
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358300

Zoning

  • Zoning: RO

Geography

  • Parcel: LEXI M:0010 L:000065
  • Lot: 65
  • Municipality: LEXINGTON
  • Latitude: 42.4201
  • Longitude: -71.2308

    Address

  • Full Address: 1 Piper Rd
  • Address - House Number: 1
  • Address - Street Name: Piper
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C036
  • 4-Digit Zip Code: 8106
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,472,900
  • Initial Tax Delinquent Year: 1982

    Appraisal Valuation

  • Standard Deviation: 0.1599
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 80
  • Final Value: 1,430,200
  • High Value: 1,658,971
  • Low Value: 1,201,430

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,133,000
  • Assessed Land Value: $527,000
  • Assessed Improvements Value: $606,000

    Sales

  • Current Sale Recording Date: Apr 22, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00063719
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 Follen Heights

Stats & Trends

Median Asking:

$1,400,000

Sale Price/ft²

$526

Below Asking

0.02%

Average Days on Market

58

Average Home Size

4018 ft²

Average Home Age

49.8 years

Currently For Sale

10 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

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 70968730

Frequently Asked Questions

When was property at 1 Piper Road built and last sold?
The property at 1 Piper Road was built in 1975 and last sold on Jan 1, 1970 for $695,000.
How much is this home worth?
The estimated value of the home located at 1 Piper Road is $756,560.
What are some comparable homes to 1 Piper Road?
There are currently no comparable homes to 1 Piper Road.
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