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Lexington 02421 Lexington Town Center
28 Eliot Road
$4,000,000
● House - Off Market

28 Eliot Road

Lexington, MA 02421
bedrooms
5 Beds
bathrooms
7 Baths
square feet
6,885 Ft²
$4,894,621
RealtyHop Estimate
17.97%
Since May 1, 2021
MA-Boston
Primary Model

About This Property

Newly constructed architecturally inspired modern home. Meticulously designed with open floor plan, three-story foyer with glass railings, expansive windows, first floor guest suite/office, third floor roof deck and mature landscaping. The kitchen is beautifully appointed with custom cabinetry, dramatic quartz island and stove alcove, walnut wet bar with built-in coffee maker and integrated high-end appliances all overlooking a stone patio. The private adult suite provides a quiet sanctuary bathed in natural light, separate dressing room and spa like bathroom. A rare find so close to Boston, just blocks to tennis courts, trails and town center. Full custom options package available upon request.
Unit Size
6,885 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$603
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2020

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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 years ago (MLSPIN #72790297)

Price History

Date / Event Date Event Price
Apr 30, 2021 Sold
Premium
Sold
Feb 26, 2021 Listed by Barrett Sotheby's International Realty $4,149,000
Listed by Barrett Sotheby's International Realty

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 5
  • Bathroom Count: 7
  • Full Bathrooms: 6
  • Partial Bathrooms: 7
  • Building Condition: 1
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 21
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 6
  • Roof Cover Type: 14
  • Floor Count: 300
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 2,334
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,782
  • Lot Size Frontage Feet: 0
  • Total Building Area: 5,689
  • Gross Building Area: 11,970
  • Building Area: 5,689
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 5,689
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000362
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358400

Zoning

  • Zoning: RS

Geography

  • Account Number: 31/ / 71E
  • Parcel: LEXI M:0031 L:00071E
  • Lot: 71E
  • Municipality: LEXINGTON
  • Latitude: 42.439
  • Longitude: -71.2204

    Address

  • Full Address: 28 Eliot Rd
  • Address - House Number: 28
  • Address - Street Name: Eliot
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C004
  • 4-Digit Zip Code: 5628
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $5,392,400

    Appraisal Valuation

  • Standard Deviation: 0.2425
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 66
  • Final Value: 4,821,303
  • High Value: 5,990,939
  • Low Value: 3,651,666

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $4,148,000
  • Assessed Land Value: $930,000
  • Assessed Improvements Value: $3,218,000

    Sales

  • Current Sale Contract Date: Apr 30, 2021
  • Current Sale Recording Date: Apr 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 98934
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 Lexington Town Center

Stats & Trends

Median Asking:

$1,999,500

Sale Price/ft²

$599

Below Asking

0.01%

Average Days on Market

74

Average Home Size

4419 ft²

Average Home Age

77.8 years

Currently For Sale

26 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 years ago
Data Source: MLS PIN, MLS# 72790297

Frequently Asked Questions

When was property at 28 Eliot Road built and last sold?
The property at 28 Eliot Road was built in 2020 and last sold on Apr 30, 2021 for $4,000,000.
How much is this home worth?
The estimated value of the home located at 28 Eliot Road is $0.
What are some comparable homes to 28 Eliot Road?
There are currently no comparable homes to 28 Eliot Road.
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