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Lexington 02421 Prospect Hill
15 Downing Road
$416,000
● House - Off Market

15 Downing Road

Lexington, MA 02421
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,344 Ft²
$926,710
RealtyHop Estimate
118.10%
Since Jan 1, 2003
MA-Boston
Primary Model

About This Property

CHARMING CAPE IN DESIRABLE PROSPECT HILL NBHD. 3 BEDROOMS, 1 1/2 BATHS, E-I KIT., LR W/FPL, FORMAL DR, LOTS OF HARDWD, 1-CAR GAR. WALK TO BEACH & PUBLIC TRANS. GREAT POTENTIAL FOR EXPANSION. SUBJ. TO SELLERS RELO.
Unit Size
1,344 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$316
Property Type
House
Property Taxes
$359
HOA Dues
-
Year Built
1960

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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 #30641631)

Price History

Date / Event Date Event Price
Dec 17, 2002 Sold
Premium
Sold
Sep 3, 2002 Listed by Coldwell Banker Residential Brokerage - Concord $424,900
Listed by Coldwell Banker Residential Brokerage - Concord
Sep 28, 1993 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 528
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,686
  • Total Building Area: 1,344
  • Gross Building Area: 2,304
  • Building Area: 1,344
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000222
  • 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:0033 L:000162
  • Lot: 162
  • Municipality: LEXINGTON
  • Latitude: 42.4354
  • Longitude: -71.2403

    Address

  • Full Address: 15 Downing Rd
  • Address - House Number: 15
  • Address - Street Name: Downing
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C021
  • 4-Digit Zip Code: 6918
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,168,700

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 1,130,956
  • High Value: 1,314,844
  • Low Value: 947,067

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $899,000
  • Assessed Land Value: $701,000
  • Assessed Improvements Value: $198,000

    Sales

  • Current Sale Recording Date: Dec 17, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 48
  • Current Sale Input Document Number: 1244807
  • Previous Sale Recording Date: Sep 28, 1993
  • Previous Sale Amount: $240,000
  • Previous Sale Document Type: 43
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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 30641631

Frequently Asked Questions

When was property at 15 Downing Road built and last sold?
The property at 15 Downing Road was built in 1960 and last sold on Jan 1, 1970 for $416,000.
How much is this home worth?
The estimated value of the home located at 15 Downing Road is $453,021.
What are some comparable homes to 15 Downing Road?
There are currently no comparable homes to 15 Downing Road.
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