For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Middlesex
245 Tower Road
$1,150,000
● House - Off Market

245 Tower Road

Lincoln, MA 01773
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,006 Ft²
$2,060,599
RealtyHop Estimate
91.68%
Since Jul 1, 2013
MA-Boston
Primary Model

About This Property

High atop 1.87 acres, this dramatic Contemporary is perched to view flora and fauna. Open and spacious with magnificent fireplaced living room and large dining room. Over sized master bedroom with bath, three additional large bedrooms, family room and eat-in kitchen complete this light filled property. A commuter's dream location!
Unit Size
3,006 Ft²
Days on Market
-
Land Size
1.87 acres
Price per sqft
$358
Property Type
House
Property Taxes
$970
HOA Dues
-
Year Built
1983

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 months ago (MLSPIN #71508387)

Price History

Date / Event Date Event Price
Jun 6, 2013 Sold
Premium
Sold
Apr 12, 2013 Listed by Barrett Sotheby's International Realty $1,075,000
Listed by Barrett Sotheby's International Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • 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: 0
  • Basement Area: 0
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 81,457
  • Total Building Area: 3,014
  • Gross Building Area: 5,200
  • Building Area: 3,014
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 2
  • Heated Square Feet: 3,014
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001870
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lincoln-Sudbury School District
  • School Tax School District: LINCOLN SD
  • Census Tract: 360300

Zoning

  • Zoning: R1

Geography

  • Parcel: LINC M:190 L:12 S:0
  • Lot: 12
  • Municipality: LINCOLN
  • Latitude: 42.3934
  • Longitude: -71.3222

    Address

  • Full Address: 245 Tower Rd
  • Address - House Number: 245
  • Address - Street Name: Tower
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lincoln
  • Carrier Code: R004
  • 4-Digit Zip Code: 4329
  • Zip Code: 01773

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $2,062,500

    Appraisal Valuation

  • Standard Deviation: 0.1576
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 80
  • Final Value: 1,883,874
  • High Value: 2,180,938
  • Low Value: 1,586,811

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,600,100
  • Assessed Land Value: $764,200
  • Assessed Improvements Value: $835,900

    Sales

  • Current Sale Recording Date: Jun 06, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000012
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 Middlesex

Stats & Trends

Median Asking:

$815,000

Sale Price/ft²

$439

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2675 ft²

Average Home Age

62.7 years

Currently For Sale

3269 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# 71508387

Frequently Asked Questions

When was property at 245 Tower Road built and last sold?
The property at 245 Tower Road was built in 1983 and last sold on Jan 1, 1970 for $1,150,000.
How much is this home worth?
The estimated value of the home located at 245 Tower Road is $1,105,513.
What are some comparable homes to 245 Tower Road?
There are currently no comparable homes to 245 Tower Road.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Lincoln Homes for Sale
Lincoln Houses for Sale
Lincoln Condos for Sale
Lincoln Land for Sale
Lincoln Homes with Basements
Lincoln Homes with Pools
Lincoln Homes with Parking
Lincoln Homes with Garages
Nearby Cities
Newton Homes for Sale
Waltham Homes for Sale
Arlington Homes for Sale
Lexington Homes for Sale
Watertown Town Homes for Sale
Belmont Homes for Sale
Burlington Homes for Sale
Maynard Homes for Sale
Nearby Property Records
Middlesex County, MA Property Records
Suffolk County, MA Property Records
Norfolk County, MA Property Records
Worcester County, MA Property Records
Essex County, MA Property Records
Hillsborough County, NH Property Records
Providence County, RI Property Records
Rockingham County, NH Property Records
Neighborhoods
Watertown West End Real Estate
Arlington Heights Real Estate
Arlington Center Real Estate
West Newton Real Estate
East Watertown Real Estate
North Lexington Real Estate
Newton Corner Real Estate
Thompsonville Real Estate
Nearby Counties
Newton Homes for Sale
Waltham Homes for Sale
Arlington Homes for Sale
Lexington Homes for Sale
Watertown Town Homes for Sale
Acton Homes for Sale
Sudbury Homes for Sale
Belmont Homes for Sale
Top Real Estate Agents
Top Agents in Lincoln
Top Agents in Newton
Top Agents in Newton
Top Agents in Waltham
Top Agents in Waltham
Top Agents in Arlington
Top Agents in Arlington
Top Agents in Lexington