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Lexington 02421 Five Fields
188 Spring Street
$655,000
● House - Off Market

188 Spring Street

Lexington, MA 02421
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,859 Ft²
$1,455,625
RealtyHop Estimate
118.89%
Since Feb 1, 2012
MA-Boston
Primary Model

About This Property

Enjoy the convenience of an ideal commuter location w/easy access to Rts. 2 & 128. This well-maintained, spacious home with lots of light, is set back from the street beyond a circular drive & features a fireplaced living room, dining & family rooms with walls of glass and sliders to large deck overlooking private, sweeping views. Renovated kitchen w/granite counters & Sub-Zero refrigerator, steps away from laundry, half bath & office or guest room. Second floor offers generous master bedroom w/
Unit Size
2,859 Ft²
Days on Market
-
Land Size
1.18 acres
Price per sqft
$233
Property Type
House
Property Taxes
$731
HOA Dues
-
Year Built
1974

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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 #71231915)

Price History

Date / Event Date Event Price
Oct 29, 2021 Sold
Premium
Sold
Sep 9, 2021 Listed by RE/MAX Landmark, REALTORS® $1,200,000
Listed by RE/MAX Landmark, REALTORS®
Jul 21, 2021 Sold
Premium
Sold
Jun 16, 2021 Listed by RE/MAX Landmark, REALTORS® $1,189,000
Listed by RE/MAX Landmark, REALTORS®
Jan 12, 2012 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • 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: 1,206
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 51,344
  • Total Building Area: 2,124
  • Gross Building Area: 4,566
  • Building Area: 2,124
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 2,124
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001179
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358300

Zoning

  • Zoning: RO

Geography

  • Parcel: LEXI M:0012 L:000015
  • Lot: 15
  • Municipality: LEXINGTON
  • Latitude: 42.4196
  • Longitude: -71.251

    Address

  • Full Address: 188 Spring St
  • Address - House Number: 188
  • Address - Street Name: Spring
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lexington
  • Carrier Code: C042
  • 4-Digit Zip Code: 8023
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,664,000

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,472,075
  • High Value: 1,732,973
  • Low Value: 1,211,176

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,280,000
  • Assessed Land Value: $573,000
  • Assessed Improvements Value: $707,000

    Sales

  • Current Sale Contract Date: Oct 29, 2021
  • Current Sale Recording Date: Oct 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 238154
  • Previous Sale Recording Date: Jul 21, 2021
  • Previous Sale Contract Date: Jul 20, 2021
  • Previous Sale Amount: $1,200,000
  • 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 Five Fields

Stats & Trends

Median Asking:

$2,220,000

Sale Price/ft²

$554

Below Asking

0.02%

Average Days on Market

64

Average Home Size

3904 ft²

Average Home Age

29 years

Currently For Sale

1 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# 71231915

Frequently Asked Questions

When was property at 188 Spring Street built and last sold?
The property at 188 Spring Street was built in 1974 and last sold on Oct 29, 2021 for $1,235,000.
How much is this home worth?
The estimated value of the home located at 188 Spring Street is $1,211,126.
What are some comparable homes to 188 Spring Street?
There are currently no comparable homes to 188 Spring Street.
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