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Lexington 02421 Lexington Town Center
2 Forest Street
Photo of 2 Forest Street
Sold on Jul 3, 2009

1

Map

$879,000
● House - Off Market

2 Forest Street

Lexington, MA 02421
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,006 Ft²
$1,804,616
RealtyHop Estimate
105.30%
Since Aug 1, 2009
MA-Boston
Primary Model

About This Property

In the heart of Lexington Center near high school, shops, restaurants, w/lrg private landscaped yard! Open floor plan has unique blend of Royal Barry Wills-style charm, (fireplaced LR) & 2 distinctive modern architect-designed additions. 1st fl addition includes expansive office w/cathedral ceiling & built-ins, spac. MBR w/sumptious BA. 2nd level has 2 BR and BA. Off kitchen is a sunny step-down FRM w/walls of glass overlooking deck & fenced-in yard. Semi-fin LL w/sep entrance. Many ammenities.
Unit Size
3,006 Ft²
Days on Market
-
Land Size
0.41 acres
Price per sqft
$292
Property Type
House
Property Taxes
$973
HOA Dues
-
Year Built
1942

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 5 months ago (MLSPIN #70893852)

Price History

Date / Event Date Event Price
Jul 3, 2009 Sold
Premium
Sold
Mar 26, 2009 Listed $879,000
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1942
  • Effective Year Built: 1942
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 2,340
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,114
  • Total Building Area: 4,057
  • Gross Building Area: 7,324
  • Building Area: 4,057
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 4,057
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000416
  • 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:0049 L:000024
  • Lot: 24
  • Municipality: LEXINGTON
  • Latitude: 42.4452
  • Longitude: -71.2292

    Address

  • Full Address: 2 Forest St
  • Address - House Number: 2
  • Address - Street Name: Forest
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lexington
  • Carrier Code: C039
  • 4-Digit Zip Code: 4911
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,516,800

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 2,306,713
  • High Value: 2,715,536
  • Low Value: 1,897,890

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,936,000
  • Assessed Land Value: $847,000
  • Assessed Improvements Value: $1,089,000

    Sales

  • Current Sale Recording Date: Jul 03, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00127291
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:

$2,199,000

Sale Price/ft²

$591

Below Asking

0.01%

Average Days on Market

71

Average Home Size

3553 ft²

Average Home Age

80.3 years

Currently For Sale

23 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: 5 months ago
Data Source: MLS PIN, MLS# 70893852

Frequently Asked Questions

When was property at 2 Forest Street built and last sold?
The property at 2 Forest Street was built in 1942 and last sold on Jan 1, 1970 for $879,000.
How much is this home worth?
The estimated value of the home located at 2 Forest Street is $931,353.
What are some comparable homes to 2 Forest Street?
There are currently no comparable homes to 2 Forest Street.
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