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Lexington 02421 Follen Heights
15 Cart Path Lane
$2,650,000
● House - Off Market

15 Cart Path Lane

Lexington, MA 02421
bedrooms
7 Beds
bathrooms
7 Baths, 1 Half Bath
square feet
6,419 Ft²
$3,738,715
RealtyHop Estimate
28.92%
Since Nov 1, 2020
MA-Boston
Primary Model

About This Property

An advanced home with the greenest technology of geothermal heating & cooling, this superbly-constructed home is designed to be energy-efficient while presenting features and amenities that will set the tone for the 21st century.... 7 bedrooms 7.5 luxurious bathrooms, ample closets, an elevator, grand foyer with double ceiling, three beautifully finished levels above ground...30,000+ sf lot on cul-de sac Situated in a tranquil, village-like setting of 19 house lots. Access to Western Greenway Trail, Lot is adjacent to 75 acres open space with wildlife, yet within minutes to major commuter routes. Also, the bonus of Lexington's first-class school system.
Unit Size
6,419 Ft²
Days on Market
-
Land Size
0.70 acres
Price per sqft
$452
Property Type
House
Property Taxes
$479
HOA Dues
$78
Year Built
2019

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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: 5 months ago (MLSPIN #72616523)

Price History

Date / Event Date Event Price
Oct 5, 2020 Sold
Premium
Sold
Feb 6, 2020 Listed by Otis Realty Inc. $2,900,000
Listed by Otis Realty Inc.

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Total Rooms: 13
  • Bedroom Count: 7
  • Bathroom Count: 8
  • Full Bathrooms: 7
  • Partial Bathrooms: 8
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 2,773
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,435
  • Total Building Area: 6,371
  • Gross Building Area: 12,093
  • Building Area: 6,371
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 6,371
  • Heating Fuel Type: 3

    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:0002 L:00001D
  • Lot: 1D
  • Municipality: LEXINGTON
  • Latitude: 42.4114
  • Longitude: -71.2234

    Address

  • Full Address: 15 Cart Path Ln
  • Address - House Number: 15
  • Address - Street Name: Cart Path
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lexington
  • Carrier Code: C006
  • 4-Digit Zip Code: 8246
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $3,463,200

    Appraisal Valuation

  • Standard Deviation: 0.1573
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 3,425,128
  • High Value: 3,964,173
  • Low Value: 2,886,084

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,664,000
  • Assessed Land Value: $623,000
  • Assessed Improvements Value: $2,041,000

    Sales

  • Current Sale Contract Date: Sep 23, 2020
  • Current Sale Recording Date: Oct 05, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 178985
  • Previous Sale Recording Date: Jan 29, 2018
  • 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:

$1,400,000

Sale Price/ft²

$528

Below Asking

0.02%

Average Days on Market

58

Average Home Size

3851 ft²

Average Home Age

54.7 years

Currently For Sale

11 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72616523

Frequently Asked Questions

When was property at 15 Cart Path Lane built and last sold?
The property at 15 Cart Path Lane was built in 2019 and last sold on Sep 23, 2020 for $2,650,000.
How much is this home worth?
The estimated value of the home located at 15 Cart Path Lane is $2,908,800.
What are some comparable homes to 15 Cart Path Lane?
There are currently no comparable homes to 15 Cart Path Lane.
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