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Lexington 02421 North Lexington
2 Martingale #LOT14
$1,540,000
● House - Off Market

2 Martingale #LOT14

Lexington, MA 02421
bedrooms
5 Beds
bathrooms
5 Baths
square feet
5,000 Ft²
$3,184,728
RealtyHop Estimate
99.67%
Since May 1, 2008
MA-Boston
Primary Model

About This Property

Welcome home, wonderful two story foyer with elegance and flair this home boast's a unique variation of ceiling heights and custom woodworking that is unsurpassed in its craftmanship. Custom Granite kitchens with top of the line stainless steel appliances. Beautiful vaulted ceiling family room w/stone fireplace open to the second story balcony.  Luxurious fireplaced master suite complete with steam shower and large sitting area. Large finished walk up attic with full bath.
Unit Size
5,000 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$319
Property Type
House
Property Taxes
-
HOA Dues
$42
Year Built
2008

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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 #70619771)

Price History

Date / Event Date Event Price
Apr 30, 2008 Sold
Premium
Sold
Jul 24, 2007 Listed by The Higgins Group REALTORS® $1,595,000
Listed by The Higgins Group REALTORS®

Property Highlights

Air Conditioning
Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 5
  • Bathroom Count: 6
  • Full Bathrooms: 6
  • Partial Bathrooms: 6
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 722
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,749
  • Total Building Area: 4,714
  • Gross Building Area: 8,020
  • Building Area: 4,714
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,714
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PINE MDW FARM
  • Land Acres: 0000000407
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358600

Zoning

  • Zoning: RS

Geography

  • Parcel: LEXI M:0058 L:00062R
  • Lot: 62R
  • Municipality: LEXINGTON
  • Latitude: 42.4548
  • Longitude: -71.2509

    Address

  • Full Address: 2 Martingale Rd
  • Address - House Number: 2
  • Address - Street Name: Martingale
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C027
  • 4-Digit Zip Code: 6535
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,653,300

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 2,543,851
  • High Value: 2,957,469
  • Low Value: 2,130,232

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,041,000
  • Assessed Land Value: $783,000
  • Assessed Improvements Value: $1,258,000

    Sales

  • Current Sale Recording Date: Apr 30, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00069927
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 North Lexington

Stats & Trends

Median Asking:

$1,599,000

Sale Price/ft²

$561

Below Asking

0.02%

Average Days on Market

68

Average Home Size

3697 ft²

Average Home Age

34.2 years

Currently For Sale

24 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# 70619771

Frequently Asked Questions

When was property at 2 Martingale Road built and last sold?
The property at 2 Martingale Road was built in 2008 and last sold on Jan 1, 1970 for $1,540,000.
How much is this home worth?
The estimated value of the home located at 2 Martingale Road is $1,610,950.
What are some comparable homes to 2 Martingale Road?
There are currently no comparable homes to 2 Martingale Road.
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