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Lexington 02421 Lexington Town Center
16 Grapevine Ave
$652,000
● House - Off Market

16 Grapevine Ave

Lexington, MA 02421
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,080 Ft²
$962,316
RealtyHop Estimate
48.06%
Since Aug 1, 2018
MA-Boston
Primary Model

About This Property

Attention contractors, investors, developers and anyone who wants a wonderful, affordable opportunity to live in an Ideal Lexington commuter location! This warm and inviting Sun-filled single family home would be great for rehab/reno project and/or an owner occupied. Needs your TLC and personal touches. This home has spacious floor plans, many large bedrooms and EIK's. Very commuter friendly. Being sold AS IS. Sellers and listing agent make no representation as to possible use. Buyers and buyer's agent to perform their own Due Diligence.
Unit Size
1,080 Ft²
Days on Market
-
Land Size
0.76 acres
Price per sqft
$602
Property Type
House
Property Taxes
$800
HOA Dues
-
Year Built
2019

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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 #72319997)

Price History

Date / Event Date Event Price
Jan 22, 2021 Sold
Premium
Sold
Jun 27, 2020 Listed by Cameron Prestige, LLC $1,549,000
Listed by Cameron Prestige, LLC
Jul 2, 2018 Sold
Premium
Sold
May 3, 2018 Listed by Cameron Prestige, LLC $649,950
Listed by Cameron Prestige, LLC

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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: 1,290
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 33,049
  • Total Building Area: 2,990
  • Gross Building Area: 4,776
  • Building Area: 2,990
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,990
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000759
  • 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:0032 L:00032B
  • Lot: 32B
  • Municipality: LEXINGTON
  • Latitude: 42.4368
  • Longitude: -71.2335

    Address

  • Full Address: 16 Grapevine Ave
  • Address - House Number: 16
  • Address - Street Name: Grapevine
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lexington
  • Carrier Code: C047
  • 4-Digit Zip Code: 7005
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,106,000

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,977,007
  • High Value: 2,327,395
  • Low Value: 1,626,619

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,620,000
  • Assessed Land Value: $773,000
  • Assessed Improvements Value: $847,000

    Sales

  • Current Sale Contract Date: Jan 06, 2021
  • Current Sale Recording Date: Jan 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 15733
  • Previous Sale Recording Date: Jul 02, 2018
  • Previous Sale Amount: $652,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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 Lexington Town Center

Stats & Trends

Median Asking:

$1,999,500

Sale Price/ft²

$599

Below Asking

0.01%

Average Days on Market

74

Average Home Size

4203 ft²

Average Home Age

80 years

Currently For Sale

25 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# 72319997

Frequently Asked Questions

When was property at 16 Grapevine Avenue built and last sold?
The property at 16 Grapevine Avenue was built in 2019 and last sold on Jan 6, 2021 for $1,500,000.
How much is this home worth?
The estimated value of the home located at 16 Grapevine Avenue is $1,622,477.
What are some comparable homes to 16 Grapevine Avenue?
There are currently no comparable homes to 16 Grapevine Avenue.
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