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Lexington 02421 Prospect Hill
24 Prospect Hill Road
$819,500
● House - Off Market

24 Prospect Hill Road

Lexington, MA 02421
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,890 Ft²
$1,377,549
RealtyHop Estimate
73.49%
Since Aug 1, 2015
MA-Boston
Primary Model

About This Property

Location! Location! Location! This house provides a fantastic opportunity to move into the heart of Lexington. The formal living room with its beautiful granite surround fireplace and hardwood floors flows into the dining room. The kitchen opens into a wonderful sunny breakfast room with a cathedral ceiling which looks out over a large deck with a built-in hot tub and  pretty backyard. The house has a cathedral ceilinged  family room with a wall of built-in bookshelves and skylights. Three large bedrooms include a first floor master. Hardwood floors throughout. Whole house fan. One car garage. Very attractive landscaping.  An ideal home to enjoy all that Lexington offers - top rated schools, fine shops and restaurants as well as great town activities.
Unit Size
1,890 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$420
Property Type
House
Property Taxes
$845
HOA Dues
-
Year Built
1957

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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 #71836872)

Price History

Date / Event Date Event Price
Jul 17, 2015 Sold
Premium
Sold
May 14, 2015 Listed by Coldwell Banker Residential Brokerage - Concord $794,000
Listed by Coldwell Banker Residential Brokerage - Concord

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 1,833
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,996
  • Total Building Area: 2,007
  • Gross Building Area: 5,182
  • Building Area: 2,007
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,007
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000252
  • 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:0033 L:000174
  • Lot: 174
  • Municipality: LEXINGTON
  • Latitude: 42.4357
  • Longitude: -71.2393

    Address

  • Full Address: 24 Prospect Hill Rd
  • Address - House Number: 24
  • Address - Street Name: Prospect Hill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C021
  • 4-Digit Zip Code: 6910
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,378,000

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,392,002
  • High Value: 1,638,709
  • Low Value: 1,145,295

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,060,000
  • Assessed Land Value: $716,000
  • Assessed Improvements Value: $344,000

    Sales

  • Current Sale Recording Date: Jul 17, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 116035
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 Prospect Hill

Stats & Trends

Median Asking:

$1,749,500

Sale Price/ft²

$582

Below Asking

0.01%

Average Days on Market

69

Average Home Size

3887 ft²

Average Home Age

25 years

Currently For Sale

4 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71836872

Frequently Asked Questions

When was property at 24 Prospect Hill Road built and last sold?
The property at 24 Prospect Hill Road was built in 1957 and last sold on Jan 1, 1970 for $819,500.
How much is this home worth?
The estimated value of the home located at 24 Prospect Hill Road is $827,725.
What are some comparable homes to 24 Prospect Hill Road?
There are currently no comparable homes to 24 Prospect Hill Road.
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