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Lexington 02420 Lexington Town Center
17 Cottage St
$740,000
● House - Off Market

17 Cottage St

Lexington, MA 02420
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,600 Ft²
$1,241,547
RealtyHop Estimate
65.76%
Since Nov 1, 2016
MA-Boston
Primary Model

About This Property

A delightful Nantucket style Cottage on quaint side street steps to town center, bike path & Farmers' Market. Completely renovated with all amenities needed for carefree living. Light, open & airy the living room and dining area offers inviting entertaining space. The kitchen offers gas stove, plenty of storage and corner sink.  The first floor den has french doors to the porch and fenced Beacon Hill yard. The 2nd floor offers a full bath and two bedrooms plus a small a joining room with pocket doors that is suitable for a nursery, dressing room or office. There is an alcove with shelving and desk area that can be modified for closet.  Private patio, 3 season porch, central A/C and storage shed. Two double driveways offer plenty of parking. Level yard with perennial gardens. Please call to see this gem.
Unit Size
1,600 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$468
Property Type
House
Property Taxes
$745
HOA Dues
-
Year Built
1830

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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: 6 months ago (MLSPIN #72063598)

Price History

Date / Event Date Event Price
Oct 27, 2016 Sold
Premium
Sold
Sep 7, 2016 Listed by William Raveis R.E. & Home Services $749,000
Listed by William Raveis R.E. & Home Services
May 24, 2012 Sold
Premium
Sold
Apr 10, 2012 Listed by William Raveis R.E. & Home Services $619,000
Listed by William Raveis R.E. & Home Services
Oct 28, 2005 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1830
  • Effective Year Built: 1830
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • 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: 619
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,324
  • Total Building Area: 1,491
  • Gross Building Area: 2,293
  • Building Area: 1,491
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,491
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000145
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358500

Zoning

  • Zoning: RO

Geography

  • Parcel: LEXI M:0048 L:000256
  • Lot: 256
  • Municipality: LEXINGTON
  • Latitude: 42.4462
  • Longitude: -71.2177

    Address

  • Full Address: 17 Cottage St
  • Address - House Number: 17
  • Address - Street Name: Cottage
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lexington
  • Carrier Code: C044
  • 4-Digit Zip Code: 2201
  • Zip Code: 02420

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,092,000

    Appraisal Valuation

  • Standard Deviation: 0.2268
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 68
  • Final Value: 1,183,880
  • High Value: 1,452,435
  • Low Value: 915,326

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $840,000
  • Assessed Land Value: $555,000
  • Assessed Improvements Value: $285,000

    Sales

  • Current Sale Recording Date: Oct 27, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 192161
  • Previous Sale Recording Date: May 24, 2012
  • Previous Sale Amount: $670,000
  • 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 Lexington Town Center

Stats & Trends

Median Asking:

$2,174,500

Sale Price/ft²

$591

Below Asking

0.02%

Average Days on Market

66

Average Home Size

3826 ft²

Average Home Age

77.6 years

Currently For Sale

16 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: 6 months ago
Data Source: MLS PIN, MLS# 72063598

Frequently Asked Questions

When was property at 17 Cottage Street built and last sold?
The property at 17 Cottage Street was built in 1830 and last sold on Jan 1, 1970 for $740,000.
How much is this home worth?
The estimated value of the home located at 17 Cottage Street is $758,610.
What are some comparable homes to 17 Cottage Street?
There are currently no comparable homes to 17 Cottage Street.
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