$535,000
●
Condo -
Off Market
2 Smith Farm Lane #2
Lexington, MA 02421
2 Beds
3 Baths,
1
Half Bath
2,070 Ft²
$1,141,776
RealtyHop Estimate
105.73%
Since Sep 1, 2009
MA-Boston
Primary Model
About This Property
Southern exposure, walls of glass, lofted spaces & cathedral
ceilings all seem to infuse this fantastic open concept townhome
with amazing natural light. This elegant home features a serene
setting. Rustic beams used as decorative accents throughout. Custom
kitchen with granite countertops and stainless appliances. Also,
hardwood floors,two car garage,gas fireplace,central air,central
vacuum,wired for sound system,security system,heat alarm & abundant
storage.
Unit Size
2,070 Ft²
Days on Market
-
Land Size
-
Price per sqft
$268
Property Type
Condo
Property Taxes
$617
HOA Dues
$494
Year Built
2002
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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 years ago (MLSPIN #70956699)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 21, 2009 | Sold | ||
| Sold | |||
| Aug 4, 2009 | Listed by Coldwell Banker Realty - Lexington | $555,000 | |
| Listed by Coldwell Banker Realty - Lexington | |||
| Jan 20, 2003 | Sold | ||
| Sold | |||
| Mar 23, 2002 | Listed by The Collaborative Companies | $599,900 | |
| Listed by The Collaborative Companies | |||
| | |||
|
RENOVATED 18TH CENTURY BARN, CUSTOM BEADBOARD KITCHEN, GRANITE COUNTERTOPS, STAINLESS APPLIANCES, GLEAMING WIDE OAK FLOORING, AUTHENTIC EXPOSED BEAMS, LARGE INVITING PRIVATE PATIO. ONLY 16 TO BE BUILT. MODEL OPEN. VISIT SALES OFFICE
| |||
Property Highlights
Air Conditioning
Garage
Parking Available
Fireplace
Interior Details
Level: First
Width: 11
Length: 11
Features: Flooring - Hardwood, Countertops - Stone/Granite/Solid
Area: 121
Level: Third
Features: Skylight, Walk-In Closet(s)
Width: 11
Length: 15
Area: 165
Width: 10
Features: Cathedral Ceiling(s), Flooring - Hardwood
Length: 11
Level: First
Area: 110
Length: 21
Level: First
Features: Flooring - Hardwood
Width: 11
Area: 231
Features: Bathroom - Full, Cathedral Ceiling(s), Walk-In Closet(s)
Level: Second
Length: 16
Width: 11
Area: 176
Features: Yes
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Countertops - Stone/Granite/Solid, Loft, Bathroom, Central Vacuum, Other
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Gas Water Heater, Tank Water Heaterless, Utility Connections for Gas Dryer, Utility Connections for Electric Dryer
Flooring Type: Wood, Tile, Carpet
Laundry Features: Second Floor, Washer Hookup
Rooms: 6
Has Fireplace
Fireplace Features: Family Room
Fireplaces: 1
Basement: Y
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Garage Door Opener, Off Street
Garage Spaces: 2
Exterior Details
Entry Level: 1
Security Features: Security System
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Olde Smith Farm
Structure Type: Townhouse
Stories (Total): 3
Building Area Units: Square Feet
Window Features: Insulated Windows, Storm Window(s)
Construction Materials: Frame
Patio and Porch Features: Porch, Patio
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: res
Parcel Number: M:0059 L:058F1, 4448851
Water Source: Public, City/Town Water, City/Town Sewer
Financial Details
Tax Assessed Value: $571,000
Tax Annual Amount: $7,406
Utilities Details
Utilities: for Gas Dryer, for Electric Dryer, Washer Hookup
Cooling Type: Central Air
Heating Type: Baseboard, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash
HOA Fee: $494
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Stable(s), Golf, Medical Facility
Pets Allowed: Yes w/ Restrictions
Complex is Completed
Management: Professional - Off Site
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
08/04/2009
|
2 Bed
|
3 Bath
|
2070 ft²
|
$555,000
2 Bed
3 Bath
2070 ft²
|
$535,000
-3.60%
08/21/2009
|
Karen Butt
Compass
| |
|
03/23/2002
|
2 Bed
|
3 Bath
|
1903 ft²
|
$599,900
2 Bed
3 Bath
1903 ft²
|
$590,000
-1.65%
01/20/2003
|
Sue Hawkes
The Collaborative Companies
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017