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Lexington 02421 Follen Heights
116 Concord Ave
$830,000
● House - Off Market

116 Concord Ave

Lexington, MA 02421
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,422 Ft²
$1,040,675
RealtyHop Estimate
38.94%
Since Apr 1, 2020
MA-Boston
Primary Model

About This Property

Excellent opportunity to get into Lexington. This colonial home has three bedrooms, 1.5 baths, eat-in kitchen, living room with fireplace, dining and family room with built in shelves : a great opportunity for first time home buyers or those downsizing. Hardwood floors, freshly painted walls and some newly replaced windows. This home is in the great location with its easy access to public transportation, shopping and major routes. Central air, two car garage, large back deck and yard. Potential opportunity for expansion.
Unit Size
1,422 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$527
Property Type
House
Property Taxes
$786
HOA Dues
-
Year Built
1964

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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 #72610792)

Price History

Date / Event Date Event Price
Mar 18, 2020 Sold
Premium
Sold
Jan 22, 2020 Listed by Keller Williams Realty Boston Northwest $749,000
Listed by Keller Williams Realty Boston Northwest
Aug 31, 2000 Sold
Premium
Sold
May 12, 2000 Listed by Keller Williams Realty Boston Northwest $435,000
Listed by Keller Williams Realty Boston Northwest

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 846
  • Garage Type: 7
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,500
  • Total Building Area: 1,422
  • Gross Building Area: 2,916
  • Building Area: 1,422
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,422
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000356
  • 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:0004 L:00043D
  • Lot: 43D
  • Municipality: LEXINGTON
  • Latitude: 42.4136
  • Longitude: -71.2144

    Address

  • Full Address: 116 Concord Ave
  • Address - House Number: 116
  • Address - Street Name: Concord
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lexington
  • Carrier Code: C006
  • 4-Digit Zip Code: 8204
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,082,900
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1763
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,078,530
  • High Value: 1,268,719
  • Low Value: 888,342

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $833,000
  • Assessed Land Value: $552,000
  • Assessed Improvements Value: $281,000

    Sales

  • Current Sale Contract Date: Mar 17, 2020
  • Current Sale Recording Date: Mar 18, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 40511
  • Previous Sale Recording Date: Aug 31, 2000
  • Previous Sale Amount: $405,000
  • 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 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

3812 ft²

Average Home Age

52.5 years

Currently For Sale

13 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

Unit for rent at 51 Nyack Avenue, LANSDOWNE, PA, 19050

$1,495 /mo

  • 2 Beds
  • 1 Bath
  • 750 ft²
51 Nyack Avenue #6, LANSDOWNE, PA, 19050 Listing by John M Sacks-Wilner

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72610792

Frequently Asked Questions

When was property at 116 Concord Avenue built and last sold?
The property at 116 Concord Avenue was built in 1964 and last sold on Mar 17, 2020 for $830,000.
How much is this home worth?
The estimated value of the home located at 116 Concord Avenue is $745,919.
What are some comparable homes to 116 Concord Avenue?
There are currently no comparable homes to 116 Concord Avenue.
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