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Lexington 02421 Follen Heights
288 Marrett Rd
Photo of 288 Marrett Rd
Sold on Aug 31, 2011

1

Map

$538,500
● House - Off Market

288 Marrett Rd

Lexington, MA 02421
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,592 Ft²
$1,138,431
RealtyHop Estimate
107.36%
Since Sep 1, 2011
MA-Boston
Primary Model

About This Property

Center Entrance Brick Colonial featuring open kitchen/dining area renovated in 2005, granite counters, cherry cabinets, ss appliances, living room with sliding doors to deck and leveled yard, three bedrooms, two full baths, hardwood floors throughout, radiant heat floors in kitchen and first floor bath, partially finished basement with laundry and family room.  Walking distance to the elementary, middle and high school, the Hayden Center, bike path & shopping. Great commuter location near Rt 2.
Unit Size
1,592 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$345
Property Type
House
Property Taxes
$528
HOA Dues
-
Year Built
1927

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71257859)

Price History

Date / Event Date Event Price
Aug 31, 2011 Sold
Premium
Sold
Jul 6, 2011 Listed by RE/MAX Destiny $549,000
Listed by RE/MAX Destiny
Feb 11, 2002 Sold
Premium
Sold
Dec 7, 2001 Listed by W. H. Lyon, Inc. REALTORS® $349,000
Listed by W. H. Lyon, Inc. REALTORS®
AT LAST! ALL BRICK COLONIAL W/HIGH CEILINGS,HW FLOORS,SOME GUMWOOD.LGE MASTER BEDRM W/WALK-IN CLOSET,STUDY NOOK ON 2ND FLR,NEWER FURNACE & ELECTRIC.HUGE KITCHEN SPACE OFFERS GREAT OPPORTUNITY.SUBJECT TO SELLER SIGNING P&S ON SPECIFIC PROP.

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1927
  • Effective Year Built: 1927
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 760
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,250
  • Total Building Area: 1,592
  • Gross Building Area: 2,683
  • Building Area: 1,592
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,592
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000143
  • 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:000074
  • Lot: 74
  • Municipality: LEXINGTON
  • Latitude: 42.435
  • Longitude: -71.2326

    Address

  • Full Address: 288 Marrett Rd
  • Address - House Number: 288
  • 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: $1,175,200
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1774
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 77
  • Final Value: 1,151,895
  • High Value: 1,356,304
  • Low Value: 947,487

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $904,000
  • Assessed Land Value: $472,000
  • Assessed Improvements Value: $432,000

    Sales

  • Current Sale Recording Date: Aug 31, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00000015
  • Previous Sale Recording Date: Mar 28, 2008
  • Previous Sale Document Type: 48
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:

$1,389,000

Sale Price/ft²

$528

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# 71257859

Frequently Asked Questions

When was property at 288 Marrett Road built and last sold?
The property at 288 Marrett Road was built in 1927 and last sold on Jan 1, 1970 for $538,500.
How much is this home worth?
The estimated value of the home located at 288 Marrett Road is $568,017.
What are some comparable homes to 288 Marrett Road?
There are currently no comparable homes to 288 Marrett Road.
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