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Lexington 02421 Follen Heights
2 Sunset Ridge
$1,528,000
● House - Off Market

2 Sunset Ridge

Lexington, MA 02421
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,162 Ft²
$2,679,737
RealtyHop Estimate
91.68%
Since Jul 1, 2013
MA-Boston
Primary Model

About This Property

Spacious 5 bedroom Colonial nestled on a picturesque lot on peaceful cul de sac in desirable Follen Hill. Beautifully sited to capture serene views of Daisy Wilson conservation land and sunsets. An open concept kitchen, dining area and Fpl'd 2 story FR with wall of windows flows into an inviting 3 season screened porch and expansive deck providing an ideal space for today's lifestyle. The spacious lower level offers a recreation room, bonus room, lots of storage, exterior access and a full bath.
Unit Size
4,162 Ft²
Days on Market
-
Land Size
0.84 acres
Price per sqft
$336
Property Type
House
Property Taxes
$1,752
HOA Dues
-
Year Built
1987

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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 years ago (MLSPIN #71507646)

Price History

Date / Event Date Event Price
Sep 28, 2020 Sold
Premium
Sold
Feb 6, 2020 Listed by Barrett Sotheby's International Realty $1,848,000
Listed by Barrett Sotheby's International Realty
Jul 1, 2013 Sold
Premium
Sold
Apr 11, 2013 Listed by Barrett Sotheby's International Realty $1,398,000
Listed by Barrett Sotheby's International Realty

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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: 9
  • Basement Area: 897
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 36,534
  • Total Building Area: 4,628
  • Gross Building Area: 7,854
  • Building Area: 4,628
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 4,628
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000839
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358100

Zoning

  • Zoning: RS

Geography

  • Parcel: LEXI M:0022 L:000295
  • Lot: 295
  • Municipality: LEXINGTON
  • Latitude: 42.4279
  • Longitude: -71.2133

    Address

  • Full Address: 2 Sunset Rdg
  • Address - House Number: 2
  • Address - Street Name: Sunset
  • Address - Suffix Type: Rdg
  • State: MA
  • City Name: Lexington
  • Carrier Code: C032
  • 4-Digit Zip Code: 6031
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,971,800

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 2,615,017
  • High Value: 3,078,480
  • Low Value: 2,151,553

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,286,000
  • Assessed Land Value: $837,000
  • Assessed Improvements Value: $1,449,000

    Sales

  • Current Sale Contract Date: Sep 02, 2020
  • Current Sale Recording Date: Sep 28, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1854491
  • Previous Sale Recording Date: Jul 01, 2013
  • Previous Sale Amount: $1,528,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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 Follen Heights

Stats & Trends

Median Asking:

$1,389,000

Sale Price/ft²

$529

Below Asking

0.02%

Average Days on Market

57

Average Home Size

3979 ft²

Average Home Age

40.7 years

Currently For Sale

12 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 71507646

Frequently Asked Questions

When was property at 2 Sunset Ridge Road built and last sold?
The property at 2 Sunset Ridge Road was built in 1987 and last sold on Sep 2, 2020 for $1,850,000.
How much is this home worth?
The estimated value of the home located at 2 Sunset Ridge Road is $0.
What are some comparable homes to 2 Sunset Ridge Road?
There are currently no comparable homes to 2 Sunset Ridge Road.
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