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Lexington 02420 North Lexington
16 Gleason Road
$535,000
● House - Off Market

16 Gleason Road

Lexington, MA 02420
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,424 Ft²
$1,060,578
RealtyHop Estimate
112.54%
Since May 1, 2012
MA-Boston
Primary Model

About This Property

Inviting English Cottage in the Manor with  level landscaped lot.  The versatile floor plan offers a front to back fireplaced livingroom with large picture window and lovely views.  Sunroom/office with built-ins.  The glass french door in kitchen and sunroom provide easy access to the outdoors.  A fourth bedroom on the first floor add to the versatility of the floor plan.  A special home in a sought after neighborhood!      Any offers will be presented to the owner on Monday 3/26 at noon.
Unit Size
1,424 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$350
Property Type
House
Property Taxes
$6,467
HOA Dues
-
Year Built
2014

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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 #71355895)

Price History

Date / Event Date Event Price
Mar 7, 2016 Sold
Premium
Sold
Apr 24, 2012 Sold
Premium
Sold
Mar 23, 2012 Listed by The Higgins Group REALTORS® $499,000
Listed by The Higgins Group REALTORS®

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 6
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • 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: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,412
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,829
  • Total Building Area: 3,769
  • Gross Building Area: 7,614
  • Building Area: 3,769
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,769
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LEXINGTON
  • Land Acres: 0000000180
  • 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:0071 L:000115
  • Lot: 115
  • Municipality: LEXINGTON
  • Latitude: 42.4644
  • Longitude: -71.2391

    Address

  • Full Address: 16 Gleason Rd
  • Address - House Number: 16
  • Address - Street Name: Gleason
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C019
  • 4-Digit Zip Code: 3308
  • Zip Code: 02420

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,249,000
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 2,124,653
  • High Value: 2,470,113
  • Low Value: 1,779,194

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,730,000
  • Assessed Land Value: $683,000
  • Assessed Improvements Value: $1,047,000

    Sales

  • Current Sale Recording Date: Mar 07, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 35479
  • Previous Sale Recording Date: Apr 24, 2012
  • Previous Sale Amount: $535,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: UNK
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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71355895

Frequently Asked Questions

When was property at 16 Gleason Road built and last sold?
The property at 16 Gleason Road was built in 2014 and last sold on Jan 1, 1970 for $1,415,000.
How much is this home worth?
The estimated value of the home located at 16 Gleason Road is $522,918.
What are some comparable homes to 16 Gleason Road?
There are currently no comparable homes to 16 Gleason Road.
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