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Lexington 02421 Follen Heights
29 Lawrence Lane
$592,000
● House - Off Market

29 Lawrence Lane

Lexington, MA 02421
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,731 Ft²
$1,428,598
RealtyHop Estimate
140.10%
Since Apr 1, 2002
MA-Boston
Primary Model

About This Property

LOVINGLY CARED FOR MULTI-LEVEL IN GREAT NEIGHBORHOOD LOC- ATION. GLEAMING W/SUNSHINE & SPARKLING HW FLOORS. SPACIOUS ENTERTAINING SPACES - DEN, FAMILY ROOM, E/I KITCHEN, 2 CAR GARAGE & SCREENED PORCH OVERLOOKING GORG. LEVEL BACK YARD.
Unit Size
1,731 Ft²
Days on Market
-
Land Size
0.49 acres
Price per sqft
$344
Property Type
House
Property Taxes
$404
HOA Dues
-
Year Built
1959

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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 years ago (MLSPIN #30573378)

Price History

Date / Event Date Event Price
Mar 14, 2002 Sold
Premium
Sold
Jan 18, 2002 Listed by Barrett Sotheby's International Realty $595,000
Listed by Barrett Sotheby's International Realty

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,251
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,163
  • Total Building Area: 1,731
  • Gross Building Area: 3,621
  • Building Area: 1,731
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,731
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000486
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: RO

Geography

  • Parcel: LEXI M:0004 L:000076
  • Lot: 76
  • Municipality: LEXINGTON
  • Latitude: 42.4159
  • Longitude: -71.2149

    Address

  • Full Address: 29 Lawrence Ln
  • Address - House Number: 29
  • Address - Street Name: Lawrence
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lexington
  • Carrier Code: C018
  • 4-Digit Zip Code: 8216
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,290,900

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 1,154,963
  • High Value: 1,342,755
  • Low Value: 967,171

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $993,000
  • Assessed Land Value: $630,000
  • Assessed Improvements Value: $363,000

    Sales

  • Current Sale Recording Date: Mar 14, 2002
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 48
  • Current Sale Input Document Number: 1203083
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:

$1,400,000

Sale Price/ft²

$528

Below Asking

0.02%

Average Days on Market

58

Average Home Size

3851 ft²

Average Home Age

54.7 years

Currently For Sale

11 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 years ago
Data Source: MLS PIN, MLS# 30573378

Frequently Asked Questions

When was property at 29 Lawrence Lane built and last sold?
The property at 29 Lawrence Lane was built in 1959 and last sold on Jan 1, 1970 for $592,000.
How much is this home worth?
The estimated value of the home located at 29 Lawrence Lane is $0.
What are some comparable homes to 29 Lawrence Lane?
There are currently no comparable homes to 29 Lawrence Lane.
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