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Lexington 02421 Follen Heights
282 Marrett Road
Photo of 282 Marrett Road
Sold on Jul 31, 2026

18

Map

Photo of 282 Marrett Road
Photo of 282 Marrett Road
$988,000
● House - Off Market

282 Marrett Road

Lexington, MA 02421
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,792 Ft²
$5,345
Est. Monthly

About This Property

Attention developers and visionaries: a prime Lexington property ready for transformation. The existing home is ideal for a full renovation or teardown, offering the opportunity to build new in a neighborhood surrounded by beautiful homes and exceptional schools. This generational home lived life to the fullest over several decades; and fell into disrepair in recent years. Bring your creative ideas for this home's next chapter. Conveniently located within a mile of downtown Lexington, easy access to Routes 2 and 128 and a quick ride to Cambridge.
Unit Size
1,792 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$488
Property Type
House
Property Taxes
$1,048
HOA Dues
-
Year Built
1928

Payment Calculator

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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: 3 months ago (MLSPIN #73523541)

Price History

Date / Event Date Event Price
Jul 31, 2026 Sold
Premium
Sold
Jun 3, 2026 In contract -
In contract
May 25, 2026 Listed by Gibson Sotheby's International Realty $875,000
Listed by Gibson Sotheby's International Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1928
  • Effective Year Built: 1928
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • 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: 960
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,375
  • Total Building Area: 1,792
  • Gross Building Area: 2,838
  • Building Area: 1,792
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,792
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000215
  • 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:000072
  • Lot: 72
  • Municipality: LEXINGTON
  • Latitude: 42.4348
  • Longitude: -71.2322

    Address

  • Full Address: 282 Marrett Rd
  • Address - House Number: 282
  • 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: $1,116,700
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 1,149,925
  • High Value: 1,336,898
  • Low Value: 962,952

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $859,000
  • Assessed Land Value: $492,000
  • Assessed Improvements Value: $367,000
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

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: 3 months ago
Data Source: MLS PIN, MLS# 73523541

Frequently Asked Questions

When was property at 282 Marrett Road built and last sold?
The property at 282 Marrett Road was built in 1928 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 282 Marrett Road is $888,526.
What are some comparable homes to 282 Marrett Road?
There are currently no comparable homes to 282 Marrett Road.
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