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Lexington 02421 North Lexington
16 Constitution Rd
$1,070,000
● House - Off Market

16 Constitution Rd

Lexington, MA 02421
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,882 Ft²
$1,260,698
RealtyHop Estimate
12.06%
Since Jan 1, 2022
MA-Boston
Primary Model

About This Property

Rare opportunity to own this long time family home in Lexington! This beautiful 4 Bedroom is ideally located in a neighborhood that is a short distance from Lexington's tremendous schools, Entertain your friends and family with the beautiful outdoor area with deck overlooking the yard featuring a gunite pool and walk out partially finished basement. Hardwood floors throughout the bedrooms and living areas. Enjoy the custom cabinetry and a sunroom that can serve multiple uses. The home has amazing opportunities for a new home owner to add their own personal touches to an already beautiful home in one of the most coveted areas around.
Unit Size
1,882 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$598
Property Type
House
Property Taxes
$1,053
HOA Dues
-
Year Built
1956

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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 years ago (MLSPIN #72913092)

Price History

Date / Event Date Event Price
Dec 20, 2021 Sold
Premium
Sold
Oct 26, 2021 Listed by United Real Estate, LLC $1,125,000
Listed by United Real Estate, LLC
Nov 4, 2020 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 1,052
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,470
  • Total Building Area: 1,882
  • Gross Building Area: 3,574
  • Building Area: 1,882
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,882
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000516
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: RS

Geography

  • Parcel: LEXI M:0058 L:000056
  • Lot: 56
  • Municipality: LEXINGTON
  • Latitude: 42.4515
  • Longitude: -71.2533

    Address

  • Full Address: 16 Constitution Rd
  • Address - House Number: 16
  • Address - Street Name: Constitution
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C027
  • 4-Digit Zip Code: 6629
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,372,800
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,340,522
  • High Value: 1,578,105
  • Low Value: 1,102,939

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,056,000
  • Assessed Land Value: $668,000
  • Assessed Improvements Value: $388,000

    Sales

  • Current Sale Contract Date: Dec 20, 2021
  • Current Sale Recording Date: Dec 20, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 273641
  • Previous Sale Recording Date: Nov 04, 2020
  • Previous Sale Contract Date: Oct 20, 2020
  • Previous Sale Amount: $363,645
  • Previous Sale Document Type: O
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:

$1,639,500

Sale Price/ft²

$561

Below Asking

0.02%

Average Days on Market

63

Average Home Size

3578 ft²

Average Home Age

45.6 years

Currently For Sale

28 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 years ago
Data Source: MLS PIN, MLS# 72913092

Frequently Asked Questions

When was property at 16 Constitution Road built and last sold?
The property at 16 Constitution Road was built in 1956 and last sold on Dec 20, 2021 for $1,070,000.
How much is this home worth?
The estimated value of the home located at 16 Constitution Road is $0.
What are some comparable homes to 16 Constitution Road?
There are currently no comparable homes to 16 Constitution Road.
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