1 Spencer Street
About This Property
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 4, 2025 | Sold | ||
| Sold | |||
| May 9, 2025 | In contract | - | |
| In contract | |||
| Apr 29, 2025 | Listed | $1,249,000 | |
| Listed | |||
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Tucked away on a quiet cul-de-sac in a desirable location in Lexington, direct access to the Minuteman Bikeway, the 183-acre Great Meadow, and Wilson Farm, this meticulously maintained and thoughtfully updated Colonial is a true find. Step onto the inviting farmer’s porch and into an open-concept living and dining area featuring gleaming hardwood floors and a maple kitchen. Three spacious bedrooms plus a dedicated office, extensive custom built-ins, and two full baths. A side-entry mudroom and the finished basement offers a bonus room/additional office and a workshop. Outside, a powered garden shed makes bike storage effortless, and the newly paved patio with gazebo (doubles as a carport!). Recent upgrades include a high-efficiency 4-zone heating and cooling system and updated windows. All of this, just a short stroll to public transportation, shopping, dining, and an easy drive to Route 2. Move right in and start enjoying all this exceptional property and neighborhood have to offer.
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| Feb 26, 2025 | Listed by Coldwell Banker Realty - Newton | $1,249,000 | |
| Listed by Coldwell Banker Realty - Newton | |||
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Welcome home to a hard to beat location on a cul-de-sac with quick access to the Minuteman Bikeway, the 183-acre Great Meadow & Wilson Farm. This meticulously maintained & updated Village Colonial has an inviting farmer’s porch, an open concept living/dining with gleaming hardwood floors, maple kitchen, 3 bedrooms & an office. The private primary bedroom with skylights and two closets is a perfect retreat from your busy lifestyle. Extensive custom built-ins throughout including in the two full baths and side mudroom keeping everything organized and accessible. The basement has an additional bonus room plus a workshop. There is a custom garden shed with electricity for easy access to your bicycles, new paved patio as well as a gazebo that doubles up as a carport. Recent updates include a 4 zone central heat/cool system & updated windows. The property is exceptionally located, a quick walk to public transportation or a short drive to Route 2 the opportunities are endless.
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| Oct 20, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017