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Lexington 02421 Lexington Town Center
287 Marrett Road
$455,000
● House - Off Market

287 Marrett Road

Lexington, MA 02421
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,224 Ft²
$792,841
RealtyHop Estimate
76.23%
Since Aug 1, 2005
MA-Boston
Primary Model

About This Property

A custom Cape with a different lay out, and, 8' ceilings on the first floor! The rear portion of the basement, with dual access, has an extra room, a walk-in closet and a full bath with laundry. Improvements in the past 3 years include: all new windows, new roof, new heating system & two-level rear deck, plus exterior paint and 2nd floor interior paint & wall-to-wall. The straight and circular driveways offer parking for 4-5 cars. Walk to public transportation.
Unit Size
1,224 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$368
Property Type
House
Property Taxes
$353
HOA Dues
-
Year Built
1949

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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 #70195473)

Price History

Date / Event Date Event Price
Jul 29, 2005 Sold
Premium
Sold
May 19, 2005 Listed by Coldwell Banker Residential Brokerage - Lexington $449,900
Listed by Coldwell Banker Residential Brokerage - Lexington

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 720
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,750
  • Total Building Area: 1,260
  • Gross Building Area: 2,464
  • Building Area: 1,260
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,260
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000132
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: RS

Geography

  • Parcel: LEXI M:0032 L:000066
  • Lot: 66
  • Municipality: LEXINGTON
  • Latitude: 42.4353
  • Longitude: -71.2322

    Address

  • Full Address: 287 Marrett Rd
  • Address - House Number: 287
  • Address - Street Name: Marrett
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C013
  • 4-Digit Zip Code: 7008
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $919,100

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,014,137
  • High Value: 1,193,874
  • Low Value: 834,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $707,000
  • Assessed Land Value: $461,000
  • Assessed Improvements Value: $246,000

    Sales

  • Current Sale Recording Date: Jul 29, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00161197
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70195473

Frequently Asked Questions

When was property at 287 Marrett Road built and last sold?
The property at 287 Marrett Road was built in 1949 and last sold on Jan 1, 1970 for $455,000.
How much is this home worth?
The estimated value of the home located at 287 Marrett Road is $471,151.
What are some comparable homes to 287 Marrett Road?
There are currently no comparable homes to 287 Marrett Road.
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