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Lexington 02420 North Lexington
2 Nowers Road
Photo of 2 Nowers Road
Sold on Jul 17, 2007

1

Map

$915,000
● House - Off Market

2 Nowers Road

Lexington, MA 02420
bedrooms
6 Beds
bathrooms
4 Baths
square feet
4,155 Ft²
$1,731,554
RealtyHop Estimate
87.40%
Since Aug 1, 2007
MA-Boston
Primary Model

About This Property

Immaculate tri-level home with 6 bedrooms, 4 bathrooms, 3 fireplaces, a  TV/entertainment/game room with your own 15' working bar. Sauna, hot tub, oversized inground pool. Features include central air, 2-car garage, 3 driveways, gleaming Brazilian cherry hardwood floors, granite/oak/gas kitchen w hrdwd flrs, circular staircase, central vac, au-pair suite, cedar closet, 5-zone heat, new roof, master suite,chandeliers,landscaped grounds, & over 4000sq.ft. of truly comfortable living.
Unit Size
4,155 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$222
Property Type
House
Property Taxes
$722
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: 4 months ago (MLSPIN #70570664)

Price History

Date / Event Date Event Price
Jul 18, 2007 Sold
Premium
Sold
May 3, 2007 Listed $924,000
Listed
Dec 7, 2001 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,696
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 11,920
  • Total Building Area: 3,115
  • Gross Building Area: 7,257
  • Building Area: 3,115
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,115
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000274
  • 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:0071 L:000279
  • Lot: 279
  • Municipality: LEXINGTON
  • Latitude: 42.4651
  • Longitude: -71.2339

    Address

  • Full Address: 2 Nowers Rd
  • Address - House Number: 2
  • Address - Street Name: Nowers
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C019
  • 4-Digit Zip Code: 1607
  • Zip Code: 02420

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,735,500
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1775
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,742,728
  • High Value: 2,052,120
  • Low Value: 1,433,337

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,335,000
  • Assessed Land Value: $726,000
  • Assessed Improvements Value: $609,000

    Sales

  • Current Sale Recording Date: Jul 18, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00132245
  • Previous Sale Recording Date: Dec 07, 2001
  • Previous Sale Amount: $672,450
  • Previous Sale Document Type: 27
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:

$1,615,000

Sale Price/ft²

$563

Below Asking

0.02%

Average Days on Market

63

Average Home Size

3578 ft²

Average Home Age

45.6 years

Currently For Sale

28 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: 4 months ago
Data Source: MLS PIN, MLS# 70570664

Frequently Asked Questions

When was property at 2 Nowers Road built and last sold?
The property at 2 Nowers Road was built in 1949 and last sold on Jan 1, 1970 for $915,000.
How much is this home worth?
The estimated value of the home located at 2 Nowers Road is $932,883.
What are some comparable homes to 2 Nowers Road?
There are currently no comparable homes to 2 Nowers Road.
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