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Lexington 02421 East Lexington
29 Ames Ave.
Photo of 29 Ames Ave.
Sold on Jun 28, 2007

1

Map

$508,000
● House - Off Market

29 Ames Ave.

Lexington, MA 02421
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,387 Ft²
$967,328
RealtyHop Estimate
86.38%
Since Jul 1, 2007
MA-Boston
Primary Model

About This Property

Picture-perfect 3+ Bedroom Cape in quiet Liberty Heights neighborhood.  Beautifully renovated Kitchen with granite counters and top-end stainless appliances.  Open Dining and Kitchen area, 2 ultra modern baths, newly built lower-level office, gleaming hardwood floors, new windows and many updates.  In excellent condition, a short distance to the park, Wilson Farm, conservation and transportation.
Unit Size
1,387 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$374
Property Type
House
Property Taxes
$469
HOA Dues
-
Year Built
1954

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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 #70537254)

Price History

Date / Event Date Event Price
Jun 28, 2007 Sold
Premium
Sold
Mar 8, 2007 Listed $519,000
Listed
May 17, 2002 Sold
Premium
Sold
Mar 8, 2002 Listed $415,000
Listed

Property Highlights

Parking Available
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • 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: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • 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: 768
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,400
  • Total Building Area: 2,266
  • Gross Building Area: 4,112
  • Building Area: 2,266
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,266
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000124
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358100

Zoning

  • Zoning: RS

Geography

  • Parcel: LEXI M:0013 L:000187
  • Lot: 187
  • Municipality: LEXINGTON
  • Latitude: 42.4226
  • Longitude: -71.2012

    Address

  • Full Address: 29 Ames Ave
  • Address - House Number: 29
  • Address - Street Name: Ames
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lexington
  • Carrier Code: C008
  • 4-Digit Zip Code: 6201
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,220,700

    Appraisal Valuation

  • Standard Deviation: 0.1757
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,152,990
  • High Value: 1,355,572
  • Low Value: 950,407

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $939,000
  • Assessed Land Value: $517,000
  • Assessed Improvements Value: $422,000

    Sales

  • Current Sale Recording Date: Jun 28, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00119077
  • Previous Sale Recording Date: May 17, 2002
  • Previous Sale Amount: $440,000
  • 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 East Lexington

Stats & Trends

Median Asking:

$1,250,000

Sale Price/ft²

$564

Below Asking

0.02%

Average Days on Market

49

Average Home Size

3043 ft²

Average Home Age

48.8 years

Currently For Sale

4 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 months ago
Data Source: MLS PIN, MLS# 70537254

Frequently Asked Questions

When was property at 29 Ames Avenue built and last sold?
The property at 29 Ames Avenue was built in 1954 and last sold on Jan 1, 1970 for $508,000.
How much is this home worth?
The estimated value of the home located at 29 Ames Avenue is $535,343.
What are some comparable homes to 29 Ames Avenue?
There are currently no comparable homes to 29 Ames Avenue.
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