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Lexington 02420 North Lexington
15 Dewey Rd
$1,195,000
● House - Off Market

15 Dewey Rd

Lexington, MA 02420
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,650 Ft²
$1,199,007
RealtyHop Estimate
0.34%
Since Jul 1, 2023
MA-Boston
Primary Model

About This Property

Wonderful Peacock Farm-style midcentury-modern home filled with natural light located on a huge wooded lot in the beloved Turning Mill neighborhood. The original post-and-beam modern design by pioneering architect Walter Pierce has been updated with an open kitchen/living area and a new energy-efficient heat pump for central AC and heat. Sparkling modern kitchen (2016) with an island/breakfast bar. Soaring ceilings and a fireplace in the living room. Flexible space on the first level, with a large family room and half bath. Full bath was renovated 2016. Newly painted inside and out. With such a large lot, there is expansion potential. So close to Estabrook Elementary School. Residents treasure the private neighborhood Paint Rock swimming pool. The roof was replaced circa 2014.
Unit Size
1,650 Ft²
Days on Market
-
Land Size
0.75 acres
Price per sqft
$724
Property Type
House
Property Taxes
$1,000
HOA Dues
-
Year Built
1958

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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 #73103685)

Price History

Date / Event Date Event Price
Jun 21, 2023 Sold
Premium
Sold
May 14, 2023 In contract -
In contract
Apr 26, 2023 Listed by Compass $1,195,000
Listed by Compass
Sep 30, 2015 Sold
Premium
Sold
Mar 20, 2015 Listed by Compass $699,000
Listed by Compass
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 21
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 6
  • Roof Cover Type: 14
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 174
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 32,613
  • Total Building Area: 1,200
  • Gross Building Area: 1,812
  • Building Area: 1,200
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 14
  • Heated Square Feet: 1,200
  • Heating Fuel Type: 8

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000749
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358700

Zoning

  • Zoning: RO

Geography

  • Parcel: LEXI M:0089 L:000046
  • Lot: 46
  • Municipality: LEXINGTON
  • Latitude: 42.4832
  • Longitude: -71.2365

    Address

  • Full Address: 15 Dewey Rd
  • Address - House Number: 15
  • Address - Street Name: Dewey
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C011
  • 4-Digit Zip Code: 1017
  • Zip Code: 02420

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,199,900
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1782
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 76
  • Final Value: 1,115,095
  • High Value: 1,313,912
  • Low Value: 916,279

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $923,000
  • Assessed Land Value: $681,000
  • Assessed Improvements Value: $242,000

    Sales

  • Current Sale Contract Date: Jun 21, 2023
  • Current Sale Recording Date: Jun 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1939184
  • Previous Sale Recording Date: Feb 25, 2016
  • 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 North Lexington

Stats & Trends

Median Asking:

$1,600,000

Sale Price/ft²

$561

Below Asking

0.02%

Average Days on Market

63

Average Home Size

3612 ft²

Average Home Age

45.5 years

Currently For Sale

27 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# 73103685

Frequently Asked Questions

When was property at 15 Dewey Road built and last sold?
The property at 15 Dewey Road was built in 1958 and last sold on Jun 21, 2023 for $1,195,000.
How much is this home worth?
The estimated value of the home located at 15 Dewey Road is $1,176,179.
What are some comparable homes to 15 Dewey Road?
There are currently no comparable homes to 15 Dewey Road.
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