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Lexington 02421 North Lexington
15 Patterson Rd
$387,000
● House - Off Market

15 Patterson Rd

Lexington, MA 02421
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,974 Ft²
$807,300
RealtyHop Estimate
108.28%
Since Nov 1, 2012
MA-Boston
Primary Model

About This Property

Stay cool in this sunny contemporary home in the hasting school neighborhood. Dramatic living room with walls of glass & high ceilings are unusual for a home in the price range. Many improvements including; central a/c, new appliances, 200 amp electric, new rubber roof,, new heating system and oil tank.. Energy efficient. A truly unique home, close to the bus line to alewife train station, yet steps away from the trails at minuteman national park. A nice choice!
Unit Size
1,974 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$196
Property Type
House
Property Taxes
$464
HOA Dues
-
Year Built
1951

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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 #71402224)

Price History

Date / Event Date Event Price
Oct 26, 2012 Sold
Premium
Sold
Jun 26, 2012 Listed by William Raveis R.E. & Home Services $387,600
Listed by William Raveis R.E. & Home Services
Feb 8, 2008 Sold
Premium
Sold
Nov 12, 2007 Listed by William Raveis R.E. & Home Services $389,900
Listed by William Raveis R.E. & Home Services
Apr 1, 1999 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1951
  • Effective Year Built: 1951
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 21
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 6
  • Roof Cover Type: 16
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 846
  • Garage Type: 3
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,150
  • Total Building Area: 1,128
  • Gross Building Area: 2,346
  • Building Area: 1,128
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,128
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000302
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358600

Zoning

  • Zoning: RO

Geography

  • Parcel: LEXI M:0059 L:000111
  • Lot: 111
  • Municipality: LEXINGTON
  • Latitude: 42.4527
  • Longitude: -71.2573

    Address

  • Full Address: 15 Patterson Rd
  • Address - House Number: 15
  • Address - Street Name: Patterson
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C040
  • 4-Digit Zip Code: 6407
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $887,900

    Appraisal Valuation

  • Standard Deviation: 0.1555
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 837,021
  • High Value: 967,240
  • Low Value: 706,801

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $683,000
  • Assessed Land Value: $479,000
  • Assessed Improvements Value: $204,000

    Sales

  • Current Sale Recording Date: Oct 26, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000023
  • Previous Sale Recording Date: Feb 08, 2008
  • Previous Sale Amount: $357,651
  • 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71402224

Frequently Asked Questions

When was property at 15 Patterson Road built and last sold?
The property at 15 Patterson Road was built in 1951 and last sold on Jan 1, 1970 for $387,000.
How much is this home worth?
The estimated value of the home located at 15 Patterson Road is $436,044.
What are some comparable homes to 15 Patterson Road?
There are currently no comparable homes to 15 Patterson Road.
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