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Arlington 02476 Arlington Heights
27 Lanark Road
$540,000
● House - Off Market

27 Lanark Road

Arlington, MA 02476
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
951 Ft²
$683,282
RealtyHop Estimate
28.92%
Since Nov 1, 2020
MA-Boston
Primary Model

About This Property

Perfect alternative to condo living. Sweet house in Scotch Village. Hardwood floors, recessed lighting and ceiling fans in the open concept living /dining area. Freshly painted first floor. Half bath off the kitchen. Second floor has full bath and 2 bedrooms. Washer dryer in basement however room beyond the kitchen has hookups. Attic access is in 2nd floor hallway. Parking for 3 cars tandem.  Easy access to Route 2, Belmont, Lexington and Cambridge. Appliances left as gifts. Walk to Trader Joes and Starbucks on Mass Ave in the Heights and enjoy Reservoir Beach in the summer.
Unit Size
951 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$557
Property Type
House
Property Taxes
$479
HOA Dues
-
Year Built
1924

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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 #72705303)

Price History

Date / Event Date Event Price
Oct 1, 2020 Sold
Premium
Sold
Aug 6, 2020 Listed by Gibson Sotheby's International Realty $530,000
Listed by Gibson Sotheby's International Realty
Jul 1, 1978 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • 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: 408
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,195
  • Total Building Area: 951
  • Gross Building Area: 1,359
  • Building Area: 951
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 951
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000050
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Arlington School District
  • School Tax School District: ARLINGTON PS
  • Census Tract: 356500

Zoning

  • Zoning: R1

Geography

  • Account Number: 113861
  • Parcel: ARLI M:172.0 B:0003 L:0013.A
  • Block: 3
  • Lot: 13.A
  • Municipality: ARLINGTON
  • Latitude: 42.4219
  • Longitude: -71.1902

    Address

  • Full Address: 27 Lanark Rd
  • Address - House Number: 27
  • Address - Street Name: Lanark
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Arlington
  • Carrier Code: C028
  • 4-Digit Zip Code: 5709
  • Zip Code: 02476

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $621,200

    Appraisal Valuation

  • Standard Deviation: 0.1609
  • Valuation Date: Feb 07, 2024
  • Confidence Score: 79
  • Final Value: 715,804
  • High Value: 831,026
  • Low Value: 600,583

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $586,600
  • Assessed Land Value: $374,100
  • Assessed Improvements Value: $212,500

    Sales

  • Current Sale Contract Date: Aug 24, 2020
  • Current Sale Recording Date: Oct 01, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1854928
  • Previous Sale Recording Date: Jul 01, 1978
  • Previous Sale Amount: $27,000
  • 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 Arlington Heights

Stats & Trends

Median Asking:

$1,085,000

Sale Price/ft²

$564

Below Asking

0.01%

Average Days on Market

48

Average Home Size

3129 ft²

Average Home Age

55 years

Currently For Sale

25 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: 4 months ago
Data Source: MLS PIN, MLS# 72705303

Frequently Asked Questions

When was property at 27 Lanark Road built and last sold?
The property at 27 Lanark Road was built in 1924 and last sold on Aug 24, 2020 for $540,000.
How much is this home worth?
The estimated value of the home located at 27 Lanark Road is $538,909.
What are some comparable homes to 27 Lanark Road?
There are currently no comparable homes to 27 Lanark Road.
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