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Lexington 02421 Follen Heights
10 Lantern Ln
$1,199,000
● House - Off Market

10 Lantern Ln

Lexington, MA 02421
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,043 Ft²
$1,927,104
RealtyHop Estimate
60.73%
Since Apr 1, 2017
MA-Boston
Primary Model

About This Property

Just fabulous! Follen Hill 4-bed 2.5-bath custom Tudor with heated 2 car garage, brimming with both classic charm and modern amenities. Elegant foyer, imposing staircases, open concept floorplan, architecturally designed family room with over-sized fireplace, wood beamed ceilings, and huge sliders leading to the balcony. Private study or additional bedroom; master suite, jacuzzi, finished lower level. Major renovation 2004, including heating system, A/C, roof, gutters, marble bath on 2nd. Convenient to public school, transportation, shopping, Cambridge, and Boston.
Unit Size
3,043 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$394
Property Type
House
Property Taxes
$1,549
HOA Dues
-
Year Built
1968

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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 #72094547)

Price History

Date / Event Date Event Price
Mar 30, 2017 Sold
Premium
Sold
Nov 17, 2016 Listed by Coldwell Banker Residential Brokerage - Lexington $1,199,000
Listed by Coldwell Banker Residential Brokerage - Lexington
Apr 30, 2010 Sold
Premium
Sold
May 1, 2009 Listed by Coldwell Banker Residential Brokerage - Lexington $939,900
Listed by Coldwell Banker Residential Brokerage - Lexington
Apr 27, 2001 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 12
  • 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: 1,435
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,936
  • Total Building Area: 3,043
  • Gross Building Area: 5,744
  • Building Area: 3,043
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,043
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000366
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358100

Zoning

  • Zoning: RO

Geography

  • Parcel: LEXI M:0015 L:000081
  • Lot: 81
  • Municipality: LEXINGTON
  • Latitude: 42.427
  • Longitude: -71.2155

    Address

  • Full Address: 10 Lantern Ln
  • Address - House Number: 10
  • Address - Street Name: Lantern
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lexington
  • Carrier Code: C032
  • 4-Digit Zip Code: 6005
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,953,900

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,811,901
  • High Value: 2,133,027
  • Low Value: 1,490,775

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,503,000
  • Assessed Land Value: $808,000
  • Assessed Improvements Value: $695,000

    Sales

  • Current Sale Contract Date: Mar 29, 2017
  • Current Sale Recording Date: Mar 30, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1756994
  • Previous Sale Recording Date: Apr 30, 2010
  • Previous Sale Amount: $918,000
  • Previous Sale Document Type: 48
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:

$1,379,000

Sale Price/ft²

$529

Below Asking

0.02%

Average Days on Market

57

Average Home Size

3979 ft²

Average Home Age

40.7 years

Currently For Sale

12 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# 72094547

Frequently Asked Questions

When was property at 10 Lantern Lane built and last sold?
The property at 10 Lantern Lane was built in 1968 and last sold on Mar 29, 2017 for $1,199,000.
How much is this home worth?
The estimated value of the home located at 10 Lantern Lane is $1,220,401.
What are some comparable homes to 10 Lantern Lane?
There are currently no comparable homes to 10 Lantern Lane.
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