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Lexington 02421 Prospect Hill
24 Wachusett Drive
$1,150,000
● House - Off Market

24 Wachusett Drive

Lexington, MA 02421
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,757 Ft²
$1,213,529
RealtyHop Estimate
5.52%
Since Oct 1, 2022
MA-Boston
Primary Model

About This Property

Desirable Prospect Hill Garrison Colonial. Attractively sited behind a stone wall, on nearly 2/3 of an acre, on a private dead-end street. This handsome home features- a large fireplaced front to back living room that opens to a huge screened porch with peaceful backyard views; mudroom or dining area open to kitchen and sliders to deck; built-in china closet and bookcases; hardwood floors throughout; lower level playroom/ office; thermopane windows; 2017 gas boiler; and an attached two car garage. This property is conveniently located for walkability to all three schools, the MBTA 76 bus, the "Old Res", Lincoln Park, Hayden and town recreation facilities and all that Lexington offers!
Unit Size
1,757 Ft²
Days on Market
-
Land Size
0.62 acres
Price per sqft
$655
Property Type
House
Property Taxes
$1,120
HOA Dues
-
Year Built
1945

Payment Calculator

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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 #73012407)

Price History

Date / Event Date Event Price
Sep 16, 2022 Sold
Premium
Sold
Jul 14, 2022 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $1,150,000
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate
Dec 19, 2016 Sold
Premium
Sold
Nov 14, 1997 Sold
Premium
Sold
Oct 14, 1997 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $425,000
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • 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: 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: 7
  • Basement Area: 750
  • Garage Type: 7
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 26,974
  • Total Building Area: 1,440
  • Gross Building Area: 3,059
  • Building Area: 1,440
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,440
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000619
  • 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:000237
  • Lot: 237
  • Municipality: LEXINGTON
  • Latitude: 42.4367
  • Longitude: -71.2372

    Address

  • Full Address: 24 Wachusett Dr
  • Address - House Number: 24
  • Address - Street Name: Wachusett
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Lexington
  • Carrier Code: C021
  • 4-Digit Zip Code: 6913
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,410,500
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.0784
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 94
  • Final Value: 1,209,400
  • High Value: 1,304,328
  • Low Value: 1,114,473

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,085,000
  • Assessed Land Value: $798,000
  • Assessed Improvements Value: $287,000

    Sales

  • Current Sale Contract Date: Sep 16, 2022
  • Current Sale Recording Date: Sep 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 141283
  • Previous Sale Recording Date: Dec 19, 2016
  • Previous Sale Amount: $730,000
  • 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 Prospect Hill

Stats & Trends

Median Asking:

$1,649,000

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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73012407

Frequently Asked Questions

When was property at 24 Wachusett Drive built and last sold?
The property at 24 Wachusett Drive was built in 1945 and last sold on Sep 16, 2022 for $1,150,000.
How much is this home worth?
The estimated value of the home located at 24 Wachusett Drive is $1,162,293.
What are some comparable homes to 24 Wachusett Drive?
There are currently no comparable homes to 24 Wachusett Drive.
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