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Lexington 02421 Prospect Hill
17 Deering Ave.
$740,000
● House - Off Market

17 Deering Ave.

Lexington, MA 02421
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,659 Ft²
$977,132
RealtyHop Estimate
50.56%
Since Apr 1, 2018
MA-Boston
Primary Model

About This Property

What an Opportunity!! Terrific 7 room, 2-3 bedroom, 2 full bath, Ranch sited in an extremely quiet and wonderful neighborhood convenient to all Lexington has to offer. Lovingly maintained by the current owners for over 40 years, the Main Level features an open floorplan with Kitchen, Dining Room, large Fire-placed, Living Room, 2 sizeable Bedrooms and a Full Bath. AC on both Levels.The finished Lower Level, with direct access to the garage, boasts a Family Room/ 3rd bedroom, Office and another Full Bathroom. On a corner lot, with a separate 2nd entrance/exit from Gafford St, this lovely Ranch has an idyllic Backyard with Patio, Gardens, Raised Picnic area with seating and Storage Shed. New Roof in 2016. Superb location close to Mass Ave, Schools and ready access to Rt. 128.
Unit Size
1,659 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$391
Property Type
House
Property Taxes
$661
HOA Dues
-
Year Built
1949

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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 #72287415)

Price History

Date / Event Date Event Price
Mar 23, 2018 Sold
Premium
Sold
Mar 1, 2018 Listed by Coldwell Banker Residential Brokerage - Lexington $649,000
Listed by Coldwell Banker Residential Brokerage - Lexington

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 800
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,500
  • Total Building Area: 1,040
  • Gross Building Area: 2,344
  • Building Area: 1,040
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,040
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000172
  • 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:0042 L:000178
  • Lot: 178
  • Municipality: LEXINGTON
  • Latitude: 42.4431
  • Longitude: -71.2495

    Address

  • Full Address: 17 Deering Ave
  • Address - House Number: 17
  • Address - Street Name: Deering
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lexington
  • Carrier Code: C045
  • 4-Digit Zip Code: 7501
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,008,800
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1767
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 77
  • Final Value: 1,011,016
  • High Value: 1,189,752
  • Low Value: 832,280

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $776,000
  • Assessed Land Value: $552,000
  • Assessed Improvements Value: $224,000

    Sales

  • Current Sale Recording Date: Mar 23, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 38983
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 Prospect Hill

Stats & Trends

Median Asking:

$1,749,500

Sale Price/ft²

$582

Below Asking

0.01%

Average Days on Market

69

Average Home Size

3928 ft²

Average Home Age

29.5 years

Currently For Sale

6 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 72287415

Frequently Asked Questions

When was property at 17 Deering Avenue built and last sold?
The property at 17 Deering Avenue was built in 1949 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 Deering Avenue is $663,897.
What are some comparable homes to 17 Deering Avenue?
There are currently no comparable homes to 17 Deering Avenue.
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