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Lexington 02421 Follen Heights
274 Marrett Road
$310,000
● House - Off Market

274 Marrett Road

Lexington, MA 02421
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,289 Ft²
$904,287
RealtyHop Estimate
222.96%
Since Oct 1, 1999
MA-Boston
Primary Model

About This Property

VILLAGE COLONIAL BLT IN 1910.BEING SOLD IN "AS IS CONDITION" EXPLORE THE POSSIBILITIES! COMPLETE RENOVATIONS NEEDED ON THIS HOME WHICH SITS ON A PRETTY CORNER LOT. CONVENIENT LOCATION, NEAR PUBLIC TRANSP. LOCK BOX AT BACK DOOR.
Unit Size
1,289 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$217
Property Type
House
Property Taxes
$250
HOA Dues
-
Year Built
1927

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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 years ago (MLSPIN #30340044)

Price History

Date / Event Date Event Price
Dec 21, 2021 Sold
Premium
Sold
Nov 3, 2021 Listed $1,299,000
Listed
Aug 28, 2008 Sold
Premium
Sold
Feb 28, 2002 Sold
Premium
Sold
Nov 30, 2001 Listed $419,000
Listed
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1927
  • Effective Year Built: 1927
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,310
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,334
  • Total Building Area: 2,092
  • Gross Building Area: 3,695
  • Building Area: 2,092
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,092
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000352
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: RS

Geography

  • Parcel: LEXI M:0032 L:000070
  • Lot: 70
  • Municipality: LEXINGTON
  • Latitude: 42.4346
  • Longitude: -71.2316

    Address

  • Full Address: 274 Marrett Rd
  • Address - House Number: 274
  • Address - Street Name: Marrett
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C013
  • 4-Digit Zip Code: 7009
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,554,800
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,500,121
  • High Value: 1,765,990
  • Low Value: 1,234,252

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,196,000
  • Assessed Land Value: $531,000
  • Assessed Improvements Value: $665,000

    Sales

  • Current Sale Contract Date: Dec 21, 2021
  • Current Sale Recording Date: Dec 21, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 274908
  • Previous Sale Recording Date: Aug 28, 2008
  • Previous Sale Amount: $600,000
  • 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:

$1,379,000

Sale Price/ft²

$529

Below Asking

0.02%

Average Days on Market

57

Average Home Size

3812 ft²

Average Home Age

52.5 years

Currently For Sale

13 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 years ago
Data Source: MLS PIN, MLS# 30340044

Frequently Asked Questions

When was property at 274 Marrett Road built and last sold?
The property at 274 Marrett Road was built in 1927 and last sold on Dec 21, 2021 for $1,380,000.
How much is this home worth?
The estimated value of the home located at 274 Marrett Road is $1,298,894.
What are some comparable homes to 274 Marrett Road?
There are currently no comparable homes to 274 Marrett Road.
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