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Lexington 02421 Lexington Town Center
3 Dane Road
$1,498,000
● House - Off Market

3 Dane Road

Lexington, MA 02421
bedrooms
5 Beds
bathrooms
4 Baths
square feet
3,603 Ft²
$2,648,253
RealtyHop Estimate
81.51%
Since Jul 1, 2014
MA-Boston
Primary Model

About This Property

A Grand Cape with a modern point of view tucked into a coveted neighborhood just a few streets to the vibrant town center.  Enter though the welcoming bluestone patio with secret garden and be prepared for a surprise around every corner!  Custom glass door knobs, built-ins, French doors, an architect designed chef's kitchen featuring Sub zero, Dynasty & Thermador appliances, hand hewn cement counters, walk-in pantry and a huge center island.  Adjacent, dramatic, fireplaced great room with soaring cathedral ceiling. A serene screened porch retreat overlooks the amazing yard and vegetable garden.  Four bedrooms and three baths up, including the private master suite, which has countless closets plus a sky lit walk-in and a full bath.  All updated with style and panache!  Open house Saturday & Sunday 12:00-1:30pm
Unit Size
3,603 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$405
Property Type
House
Property Taxes
$1,087
HOA Dues
-
Year Built
1950

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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 #71647600)

Price History

Date / Event Date Event Price
Mar 18, 2021 Sold
Premium
Sold
Jan 28, 2021 Listed by Grant B. Cole, REALTORS®, Inc $1,795,000
Listed by Grant B. Cole, REALTORS®, Inc
Jun 27, 2014 Sold
Premium
Sold
Mar 20, 2014 Listed by Grant B. Cole, REALTORS®, Inc $1,459,000
Listed by Grant B. Cole, REALTORS®, Inc

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,248
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,891
  • Total Building Area: 3,693
  • Gross Building Area: 6,573
  • Building Area: 3,693
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,693
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000296
  • 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:0040 L:000160
  • Lot: 160
  • Municipality: LEXINGTON
  • Latitude: 42.4411
  • Longitude: -71.2267

    Address

  • Full Address: 3 Dane Rd
  • Address - House Number: 3
  • Address - Street Name: Dane
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C013
  • 4-Digit Zip Code: 5503
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,537,600
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.164
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 79
  • Final Value: 2,371,245
  • High Value: 2,760,250
  • Low Value: 1,982,240

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,952,000
  • Assessed Land Value: $785,000
  • Assessed Improvements Value: $1,167,000

    Sales

  • Current Sale Contract Date: Mar 18, 2021
  • Current Sale Recording Date: Mar 18, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 60859
  • Previous Sale Recording Date: Jun 27, 2014
  • Previous Sale Amount: $1,498,000
  • Previous Sale Document Type: O
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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71647600

Frequently Asked Questions

When was property at 3 Dane Road built and last sold?
The property at 3 Dane Road was built in 1950 and last sold on Mar 18, 2021 for $2,030,000.
How much is this home worth?
The estimated value of the home located at 3 Dane Road is $1,827,606.
What are some comparable homes to 3 Dane Road?
There are currently no comparable homes to 3 Dane Road.
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