$2,890,000
●
House -
Off Market
291 Emerson Rd
Lexington, MA 02420
7 Beds
7 Baths,
1
Half Bath
7,970 Ft²
$3,854,744
RealtyHop Estimate
28.92%
Since Nov 1, 2020
MA-Boston
Primary Model
About This Property
This stunning new construction classic Colonial sited on a large
corner lot of 0.71 acres within the highly desirable Burnham Farms
neighborhood. The majestic front pillars and impressive foyer with
wainscoting welcome you with a feeling of elegance. The gourmet
kitchen offers high-end stainless steel Wolf/Subzero appliances,
quartz countertops, custom cabinetry, huge breakfast bar island,
and butler's pantry. The formal dining room offers rich detail,
custom china cabinet, crown molding/wainscoting. A first floor
bedroom/office has an attached bathroom. This sun-splashed home
offers comfort and style with detailed custom millwork, gas
fireplaces, French doors. A luxurious master suite features
his/hers walk in closets, dressing areas, and a gas fireplace. The
master bathroom stuns with dual vanities, marble counters, soaking
tub, and an oversized shower. Huge fully outfitted mudroom, first
and second floor laundry, 3-car garage. For virtual tour go to
www.MAVirtualTour.com/291Emerson
Unit Size
7,970 Ft²
Days on Market
-
Land Size
0.71 acres
Price per sqft
$375
Property Type
House
Property Taxes
$0
HOA Dues
-
Year Built
2016
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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 #72614595)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 27, 2020 | Sold | ||
| Sold | |||
| Feb 2, 2020 | Listed by Leading Edge Real Estate | $2,990,000 | |
| Listed by Leading Edge Real Estate | |||
| Aug 23, 2018 | No longer available | - | |
| No longer available | |||
| Jun 8, 2018 | Listed | $3,400,000 | |
| Listed | |||
| | |||
|
Welcome home to this magnificent new construction classic Colonial sited on a large corner lot of 0.71 acres within the highly desirable Burnham Farms neighborhood. The majestic front pillars and impressive foyer welcome you with a feeling of lavishness. The first floor study and formal dining rooms offer rich detail including crown molding, wainscoting, and coffered ceilings. This sun-splashed home offers comfort and style with detail custom millwork, gas fireplaces and French doors. The gourmet kitchen offers high-end stainless steel Wolf/Subzero appliances, quartz countertops, custom cabinetry, two large islands, and butler’s pantry. The luxurious master suite features his/hers walk in closets, dressing areas, and a gas fireplace. The master bath offers dual sinks, marble counters/floor, spa tub, and shower. A fully outfitted mudroom, hardwood floors, first and second floor laundry, 3-car garage, bluestone screened porch and stunning landscaping add the finishing touches! The manager has listed the unit size as 7970 square feet.
| |||
| Jul 30, 2017 | Listed | $3,200,000 | |
| Listed | |||
| | |||
|
Welcome home to this magnificent new construction classic Colonial,with 7 bedrooms and 7.5 baths, sited on a large corner lot of 0.71 acres within the highly desirable Burnham Farms neighborhood. The majestic front pillars and impressive foyer welcome you with a feeling of lavishness. The first floor study and formal dining rooms offer rich detail including crown molding, wainscoting, and coffered ceilings. This sun-splashed home offers comfort and style with detail custom millwork, gas fireplaces and French doors. The gourmet kitchen offers stainless steel Wolf/Subzero appliances, granite countertops, custom cabinetry, and butler’s pantry. The luxurious master suite features his/hers walk in closets, dressing areas, and a gas fireplace. The master bath offers dual sinks, marble counters/floor, spa tub, and shower. A fully outfitted mudroom, hardwood floors, first and second floor laundry, 3 -car garage, bluestone screened porch and stunning landscaping add the finishing touches.The manager has listed the unit size as 8395 square feet.
| |||
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Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
Building Info
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