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Arlington 02474 Arlington Heights
20 Lorraine Terrace
$702,500
● House - Off Market

20 Lorraine Terrace

Arlington, MA 02474
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,586 Ft²
$931,297
RealtyHop Estimate
48.06%
Since Aug 1, 2018
MA-Boston
Primary Model

About This Property

This well maintained 3 bedrooms 1 bath ranch located quiet street in Turkey hill. Recent updates include a newer roof (2012), updated electric and central AC. Hardwood floor throughout for the first floor. Heated sunroom can be used for playroom or dining room and finished lower level. Fenced in a large deck off the kitchen is perfect for entertaining and privacy. This corner lot house also potential for expansion for 2nd floor (the seller has drawings). This house can be the ideal for starter home or downsizing. Close to shops, restaurants and RT2.
Unit Size
1,586 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$397
Property Type
House
Property Taxes
$495
HOA Dues
-
Year Built
2020

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72324907)

Price History

Date / Event Date Event Price
Nov 12, 2020 Sold
Premium
Sold
Sep 24, 2020 Listed by Coldwell Banker Residential Brokerage - Lexington $1,599,000
Listed by Coldwell Banker Residential Brokerage - Lexington
Jul 10, 2018 Sold
Premium
Sold
May 10, 2018 Listed by Coldwell Banker Residential Brokerage - Lexington $629,000
Listed by Coldwell Banker Residential Brokerage - Lexington
Jul 24, 2007 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • 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: 3
  • Basement Area: 936
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,390
  • Total Building Area: 3,222
  • Gross Building Area: 4,724
  • Building Area: 3,222
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 3
  • Heated Square Feet: 3,222
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MORNINGSIDE MANOR
  • Land Acres: 0000000147
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Arlington School District
  • School Tax School District: ARLINGTON PS
  • Census Tract: 356400

Zoning

  • Zoning: R1

Geography

  • Account Number: 76740
  • Parcel: ARLI M:118.0 B:0007 L:0004
  • Block: 7
  • Lot: 4
  • Municipality: ARLINGTON
  • Latitude: 42.4341
  • Longitude: -71.1742

    Address

  • Full Address: 20 Lorraine Ter
  • Address - House Number: 20
  • Address - Street Name: Lorraine
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Arlington
  • Carrier Code: C024
  • 4-Digit Zip Code: 1406
  • Zip Code: 02474

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,800,800

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 79
  • Final Value: 1,823,243
  • High Value: 2,119,694
  • Low Value: 1,526,792

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,700,500
  • Assessed Land Value: $495,400
  • Assessed Improvements Value: $1,205,100

    Sales

  • Current Sale Contract Date: Nov 10, 2020
  • Current Sale Recording Date: Nov 12, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 211793
  • Previous Sale Recording Date: Jul 10, 2018
  • Previous Sale Amount: $702,500
  • 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 Arlington Heights

Stats & Trends

Median Asking:

$1,095,000

Sale Price/ft²

$564

Below Asking

0.01%

Average Days on Market

48

Average Home Size

3214 ft²

Average Home Age

53.6 years

Currently For Sale

27 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 months ago
Data Source: MLS PIN, MLS# 72324907

Frequently Asked Questions

When was property at 20 Lorraine Terrace built and last sold?
The property at 20 Lorraine Terrace was built in 2020 and last sold on Nov 10, 2020 for $1,572,500.
How much is this home worth?
The estimated value of the home located at 20 Lorraine Terrace is $1,616,130.
What are some comparable homes to 20 Lorraine Terrace?
There are currently no comparable homes to 20 Lorraine Terrace.
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