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Lexington 02421 Lexington Town Center
2 Rowland Avenue
$1,660,000
● House - Off Market

2 Rowland Avenue

Lexington, MA 02421
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,521 Ft²
$8,864
Est. Monthly

About This Property

Nestled on a quaint side street off "the avenue," just steps from the town center, this colonial-style home exudes classic New England charm. Architect designed 2 story addition includes open cherry kitchen and family room with vaulted ceiling, sky lights and gas fireplace. The second floor boasts three bedrooms, providing ample space for a growing family or accommodating guests. The thoughtfully designed primary suite offers a serene retreat-like feel with tub and doors leading to a romantic balcony. Additional finished space in the lower level includes a cozy family room, office and great storage. Step outside to enjoy the delightful gardens and tranquil, private brick patio area while sipping your morning coffee or hosting gatherings. Don't miss your opportunity to fall in love with this impeccable home!
Unit Size
2,521 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$595
Property Type
House
Property Taxes
$1,499
HOA Dues
-
Year Built
1916

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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 #73202045)

Price History

Date / Event Date Event Price
Mar 22, 2024 Sold
Premium
Sold
Feb 21, 2024 In contract -
In contract
Feb 13, 2024 Listed by William Raveis R.E. & Home Services $1,500,000
Listed by William Raveis R.E. & Home Services
Aug 8, 2013 Sold
Premium
Sold
Jun 5, 2013 Listed by William Raveis R.E. & Home Services $935,000
Listed by William Raveis R.E. & Home Services

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1916
  • Effective Year Built: 1916
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 1,338
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,917
  • Total Building Area: 2,000
  • Gross Building Area: 3,509
  • Building Area: 2,000
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,000
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000136
  • 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:0040 L:000033
  • Lot: 33
  • Municipality: LEXINGTON
  • Latitude: 42.4437
  • Longitude: -71.2204

    Address

  • Full Address: 2 Rowland Ave
  • Address - House Number: 2
  • Address - Street Name: Rowland
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lexington
  • Carrier Code: C004
  • 4-Digit Zip Code: 5646
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,712,100

    Appraisal Valuation

  • Standard Deviation: 0.0784
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 94
  • Final Value: 1,572,007
  • High Value: 1,695,396
  • Low Value: 1,448,618

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,317,000
  • Assessed Land Value: $734,000
  • Assessed Improvements Value: $583,000

    Sales

  • Current Sale Contract Date: Mar 22, 2024
  • Current Sale Recording Date: Mar 22, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 28317
  • Previous Sale Recording Date: Aug 08, 2013
  • Previous Sale Amount: $1,115,000
  • Previous Sale Document Type: O
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:

$2,150,000

Sale Price/ft²

$587

Below Asking

0.02%

Average Days on Market

68

Average Home Size

3666 ft²

Average Home Age

78.4 years

Currently For Sale

16 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# 73202045

Frequently Asked Questions

When was property at 2 Rowland Avenue built and last sold?
The property at 2 Rowland Avenue was built in 1916 and last sold on Mar 22, 2024 for $1,660,000.
How much is this home worth?
The estimated value of the home located at 2 Rowland Avenue is $1,500,386.
What are some comparable homes to 2 Rowland Avenue?
There are currently no comparable homes to 2 Rowland Avenue.
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