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Lexington 02421 Follen Heights
26 Marrett Rd
$655,000
● House - Off Market

26 Marrett Rd

Lexington, MA 02421
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,394 Ft²
$1,384,845
RealtyHop Estimate
103.68%
Since Jul 1, 2012
MA-Boston
Primary Model

About This Property

This spacious & sun-filled truly special home is beautifully sited on a 1/2+ acre lot less than a mile from Lex Center. A blend of warmth & understated elegance sets the tone w/ an open floor plan featuring a livingroom with fireplace, large diningroom, E/I KIT w/ skylight, 4 generous sized bedrooms, including a master suite, 2.5 baths  renovated in 2003, familyroom with fireplace, central A/C, 3-season porch overlooking your private back yard retreat, near most of Lex's sought amenities
Unit Size
2,394 Ft²
Days on Market
-
Land Size
0.53 acres
Price per sqft
$284
Property Type
House
Property Taxes
$742
HOA Dues
-
Year Built
1956

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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: 4 months ago (MLSPIN #71348906)

Price History

Date / Event Date Event Price
Jun 26, 2012 Sold
Premium
Sold
Mar 8, 2012 Listed by Hammond Residential $679,900
Listed by Hammond Residential
Nov 26, 2002 Sold
Premium
Sold
Sep 5, 2002 Listed by Hammond Residential $595,000
Listed by Hammond Residential

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • 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: 1,014
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,700
  • Total Building Area: 1,614
  • Gross Building Area: 3,452
  • Building Area: 1,614
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,614
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000521
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358100

Zoning

  • Zoning: RS

Geography

  • Parcel: LEXI M:0031 L:000003
  • Lot: 3
  • Municipality: LEXINGTON
  • Latitude: 42.4358
  • Longitude: -71.2142

    Address

  • Full Address: 26 Marrett Rd
  • Address - House Number: 26
  • Address - Street Name: Marrett
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C013
  • 4-Digit Zip Code: 5704
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,337,700
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1783
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 76
  • Final Value: 1,237,117
  • High Value: 1,457,778
  • Low Value: 1,016,455

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,029,000
  • Assessed Land Value: $665,000
  • Assessed Improvements Value: $364,000

    Sales

  • Current Sale Recording Date: Jun 26, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Previous Sale Recording Date: Nov 26, 2002
  • Previous Sale Amount: $580,500
  • 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:

$1,389,000

Sale Price/ft²

$529

Below Asking

0.02%

Average Days on Market

57

Average Home Size

3979 ft²

Average Home Age

40.7 years

Currently For Sale

12 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: 4 months ago
Data Source: MLS PIN, MLS# 71348906

Frequently Asked Questions

When was property at 26 Marrett Road built and last sold?
The property at 26 Marrett Road was built in 1956 and last sold on Jan 1, 1970 for $655,000.
How much is this home worth?
The estimated value of the home located at 26 Marrett Road is $719,539.
What are some comparable homes to 26 Marrett Road?
There are currently no comparable homes to 26 Marrett Road.
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