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Lexington 02421 Prospect Hill
11 Welch Road
$1,330,000
● House - Off Market

11 Welch Road

Lexington, MA 02421
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,627 Ft²
$2,560,820
RealtyHop Estimate
89.83%
Since Dec 1, 2013
MA-Boston
Primary Model

About This Property

DESIREABLE NEIGHBORHOOD CLOSE TO CENTER AND NEARBY SCHOOLS. THIS 5 BR, 4.5 BA HOME WILL BE BUILT WITH ENERGY SAVINGS IN MIND. 2ND FLOOR FEATURES A LARGE MSTR BR & JACK AND JILL SETUP. WALK UP 3RD FLOOR IS FINISHED, HARDWOOD THROUGHOUT,  ALLOWANCES AVAILABLE. NOVEMBER 2013 OCCUPANCY,  PROPANE AVAILABLE FOR HEATING AND COOKING, GOURMET KITCHEN  FEATURES S.S. APPLIANCES W/ GRANITE ISLAND.  THIS BUILDING CO. WELCOMES THE DISCERNING CLIENT
Unit Size
4,627 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$292
Property Type
House
Property Taxes
$529
HOA Dues
-
Year Built
2013

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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 #71600030)

Price History

Date / Event Date Event Price
Oct 29, 2020 Sold
Premium
Sold
Sep 3, 2020 Listed by RE/MAX Prestige $1,650,000
Listed by RE/MAX Prestige
Nov 19, 2013 Sold
Premium
Sold
Oct 22, 2013 Listed by RE/MAX Prestige $1,349,000
Listed by RE/MAX Prestige

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2013
  • Effective Year Built: 2013
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 6
  • 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: 1,616
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,073
  • Total Building Area: 4,160
  • Gross Building Area: 8,236
  • Building Area: 4,160
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,160
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000185
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358400

Zoning

  • Zoning: RS

Geography

  • Parcel: LEXI M:0050 L:000104
  • Lot: 104
  • Municipality: LEXINGTON
  • Latitude: 42.4455
  • Longitude: -71.2495

    Address

  • Full Address: 11 Welch Rd
  • Address - House Number: 11
  • Address - Street Name: Welch
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C017
  • 4-Digit Zip Code: 7518
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,282,800

    Appraisal Valuation

  • Standard Deviation: 0.2261
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 68
  • Final Value: 2,356,177
  • High Value: 2,888,923
  • Low Value: 1,823,430

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,756,000
  • Assessed Land Value: $685,000
  • Assessed Improvements Value: $1,071,000

    Sales

  • Current Sale Contract Date: Aug 23, 2020
  • Current Sale Recording Date: Oct 29, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1858651
  • Previous Sale Recording Date: Nov 19, 2013
  • Previous Sale Amount: $1,330,000
  • Previous Sale Document Type: O
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 Prospect Hill

Stats & Trends

Median Asking:

$1,874,500

Sale Price/ft²

$582

Below Asking

0.01%

Average Days on Market

69

Average Home Size

3887 ft²

Average Home Age

25 years

Currently For Sale

4 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: 4 months ago
Data Source: MLS PIN, MLS# 71600030

Frequently Asked Questions

When was property at 11 Welch Road built and last sold?
The property at 11 Welch Road was built in 2013 and last sold on Aug 23, 2020 for $1,680,000.
How much is this home worth?
The estimated value of the home located at 11 Welch Road is $1,665,117.
What are some comparable homes to 11 Welch Road?
There are currently no comparable homes to 11 Welch Road.
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