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Lexington 02421 Follen Heights
255 Concord Ave
$865,000
● House - Off Market

255 Concord Ave

Lexington, MA 02421
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,312 Ft²
$1,536,512
RealtyHop Estimate
73.62%
Since Sep 1, 2015
MA-Boston
Primary Model

About This Property

Introducing 255 Concord Ave, a home orchestrated for a star performance. In perfect harmony with the surroundings this floor plan boasts a dramatic 2-story foyer, and large front to back formal living room, just the size for a grand piano. The kitchen opens onto the cathedral ceiling family room with skylights, both flowing out to the multi tiered deck and stunning private yard. The second floor offers a master bedroom and bath plus additional two bedrooms. The kitchen and baths are dated but well maintained. The lower level includes the laundry room, play area and storage.  If you are looking for a dramatic 3-bedroom house with a bright and airy feel this is it. Excellent commuter location, Crushed stone circular drive as well as the driveway to the 2-car garage.
Unit Size
2,312 Ft²
Days on Market
-
Land Size
0.70 acres
Price per sqft
$383
Property Type
House
Property Taxes
$970
HOA Dues
-
Year Built
1983

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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 #71849537)

Price History

Date / Event Date Event Price
Aug 18, 2015 Sold
Premium
Sold
Jun 2, 2015 Listed by William Raveis R.E. & Home Services $885,000
Listed by William Raveis R.E. & Home Services
Aug 5, 1999 Sold
Premium
Sold
Jun 8, 1999 Listed by William Raveis R.E. & Home Services $530,000
Listed by William Raveis R.E. & Home Services

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 780
  • Garage Type: 17
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,435
  • Total Building Area: 2,312
  • Gross Building Area: 3,940
  • Building Area: 2,312
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,312
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000699
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358300

Zoning

  • Zoning: RO

Geography

  • Parcel: LEXI M:0009 L:000158
  • Lot: 158
  • Municipality: LEXINGTON
  • Latitude: 42.4171
  • Longitude: -71.2235

    Address

  • Full Address: 255 Concord Ave
  • Address - House Number: 255
  • Address - Street Name: Concord
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lexington
  • Carrier Code: C006
  • 4-Digit Zip Code: 8207
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,531,400

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,483,957
  • High Value: 1,746,962
  • Low Value: 1,220,953

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,178,000
  • Assessed Land Value: $592,000
  • Assessed Improvements Value: $586,000

    Sales

  • Current Sale Recording Date: Aug 18, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 138624
  • Previous Sale Recording Date: Aug 05, 1999
  • Previous Sale Amount: $520,000
  • Previous Sale Document Type: 27
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 Follen Heights

Stats & Trends

Median Asking:

$1,400,000

Sale Price/ft²

$528

Below Asking

0.02%

Average Days on Market

58

Average Home Size

3851 ft²

Average Home Age

54.7 years

Currently For Sale

11 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71849537

Frequently Asked Questions

When was property at 255 Concord Avenue built and last sold?
The property at 255 Concord Avenue was built in 1983 and last sold on Jan 1, 1970 for $865,000.
How much is this home worth?
The estimated value of the home located at 255 Concord Avenue is $900,573.
What are some comparable homes to 255 Concord Avenue?
There are currently no comparable homes to 255 Concord Avenue.
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