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Lexington 02421 Follen Heights
197 Follen Road
Photo of 197 Follen Road
Sold on Oct 18, 2007

1

Map

$865,000
● House - Off Market

197 Follen Road

Lexington, MA 02421
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,574 Ft²
$1,623,797
RealtyHop Estimate
91.26%
Since Nov 1, 2007
MA-Boston
Primary Model

About This Property

Charming and spacious Royal Barry Wills cape in coveted Follen Hill.  Beautiful cherry kitchen with counters and floors of matching granite.  Breakfast room with French door to patio.  Large living room with beautiful fireplace and hutch.  Family room with walls of glass.  Spacious master suite with luxurious full bath. Additional guest suite with central A/C. Possible 4th BR doubles as office. Private, Level fenced backyard boardered with mature plantings and Koi pond.  Just move in and enjoy
Unit Size
2,574 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$330
Property Type
House
Property Taxes
$945
HOA Dues
-
Year Built
1941

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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 #70625161)

Price History

Date / Event Date Event Price
Oct 18, 2007 Sold
Premium
Sold
Aug 2, 2007 Listed $849,000
Listed

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1941
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 994
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,357
  • Total Building Area: 2,520
  • Gross Building Area: 4,494
  • Building Area: 2,520
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,520
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000284
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358100

Zoning

  • Zoning: RS

Geography

  • Parcel: LEXI M:0022 L:000241
  • Lot: 241
  • Municipality: LEXINGTON
  • Latitude: 42.4297
  • Longitude: -71.2146

    Address

  • Full Address: 197 Follen Rd
  • Address - House Number: 197
  • Address - Street Name: Follen
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C032
  • 4-Digit Zip Code: 5912
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,869,400
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 1,651,902
  • High Value: 1,920,494
  • Low Value: 1,383,310

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,438,000
  • Assessed Land Value: $898,000
  • Assessed Improvements Value: $540,000

    Sales

  • Current Sale Recording Date: Oct 18, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 48
  • Current Sale Input Document Number: 01456798
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 Follen Heights

Stats & Trends

Median Asking:

$1,400,000

Sale Price/ft²

$526

Below Asking

0.02%

Average Days on Market

58

Average Home Size

4206 ft²

Average Home Age

43.6 years

Currently For Sale

9 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# 70625161

Frequently Asked Questions

When was property at 197 Follen Road built and last sold?
The property at 197 Follen Road was built in 1941 and last sold on Jan 1, 1970 for $865,000.
How much is this home worth?
The estimated value of the home located at 197 Follen Road is $893,487.
What are some comparable homes to 197 Follen Road?
There are currently no comparable homes to 197 Follen Road.
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