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Norfolk 02054
24 Lexington Ln
$562,000
● House - Off Market

24 Lexington Ln

Millis, MA 02054
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,044 Ft²
$3,332
Est. Monthly

About This Property

Welcome to this charming split-level home, nestled on a spacious, flat lot with a secluded backyard. The dining room is airy and luminous, featuring sliding doors that lead out to a deck. A generous master bedroom with ample closet space and the cozy living room, complete with a fireplace, and central air conditioning make this home comfortable in any season. Additionally, there's a family room in the lower level, perfect for a playroom or large family room. Living area is first floor only.
Unit Size
1,044 Ft²
Days on Market
-
Land Size
0.58 acres
Price per sqft
$527
Property Type
House
Property Taxes
$631
HOA Dues
-
Year Built
1973

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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: 5 months ago (MLSPIN #73250133)

Price History

Date / Event Date Event Price
Jul 26, 2024 Sold
Premium
Sold
Jun 26, 2024 In contract -
In contract
Jun 7, 2024 Listed by Realty Executives Boston West $549,900
Listed by Realty Executives Boston West
Jun 13, 2016 Sold
Premium
Sold
Apr 6, 2016 Listed by Realty Executives Boston West $349,900
Listed by Realty Executives Boston West

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,265
  • Total Building Area: 1,044
  • Gross Building Area: 2,344
  • Building Area: 1,044
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,044
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000580
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Millis School District
  • School Tax School District: MILLIS SD
  • Census Tract: 407102

Geography

  • Parcel: MILL M:041 B:0000060
  • Block: 60
  • Municipality: MILLIS
  • Latitude: 42.1447
  • Longitude: -71.3787

    Address

  • Full Address: 24 Lexington Ln
  • Address - House Number: 24
  • Address - Street Name: Lexington
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Millis
  • Carrier Code: C004
  • 4-Digit Zip Code: 1441
  • Zip Code: 02054

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $757,500

    Appraisal Valuation

  • Standard Deviation: 0.1777
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 77
  • Final Value: 567,232
  • High Value: 668,042
  • Low Value: 466,422

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $461,300
  • Assessed Land Value: $187,600
  • Assessed Improvements Value: $273,700

    Sales

  • Current Sale Recording Date: Jun 13, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 54617
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 Norfolk

Stats & Trends

Median Asking:

$757,000

Sale Price/ft²

$431

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2517 ft²

Average Home Age

60.5 years

Currently For Sale

1431 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: 5 months ago
Data Source: MLS PIN, MLS# 73250133

Frequently Asked Questions

When was property at 24 Lexington Lane built and last sold?
The property at 24 Lexington Lane was built in 1973 and last sold on Jan 1, 1970 for $345,000.
How much is this home worth?
The estimated value of the home located at 24 Lexington Lane is $534,432.
What are some comparable homes to 24 Lexington Lane?
There are currently no comparable homes to 24 Lexington Lane.
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