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Lexington 02420 Lexington Town Center
3 Hayes Avenue
Photo of 3 Hayes Avenue
Sold on Nov 16, 2011

1

Map

$697,000
● House - Off Market

3 Hayes Avenue

Lexington, MA 02420
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,550 Ft²
$1,505,587
RealtyHop Estimate
115.55%
Since Dec 1, 2011
MA-Boston
Primary Model

About This Property

BEAUTIFULLY UPDATED MERRIAM HILL COLONIAL W/ GREAT STYLE, CHARM AND A FLEXIBLE FLOORPLAN WHICH ALLOWS A 1ST FLOOR BR OR FAMILY ROOM. THIS HOME HAS- GLEAMING QUARTER SAWN OAK FLOORS; A REFURBISHED KITCHEN W/ "PAPER STONE" COUNTERS, JENN-AIRE APPLIANCES, AND A COPPER TROUGH STYLE SINK; DINING ROOM CABINETRY W/ ROLL-OUT DRAWERS AND OUTLETS; MASTER BEDROOM W/ TRAY CEILING; A SCREENED PORCH OPENING TO A NEW BLUESTONE PATIO; A NEW HIGH EFFICIENCY "MUNCHKIN" BOILER; UPDATED ELECTRIC SERVICE; AND MORE!
Unit Size
1,550 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$451
Property Type
House
Property Taxes
$733
HOA Dues
-
Year Built
1941

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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: 13 days ago (MLSPIN #71290217)

Price History

Date / Event Date Event Price
Nov 16, 2011 Sold
Premium
Sold
Sep 20, 2011 Listed by Lester E. Savage, Real Estate $698,500
Listed by Lester E. Savage, Real Estate
Apr 10, 2008 Sold
Premium
Sold
Jan 25, 2008 Listed by Lester E. Savage, Real Estate $689,000
Listed by Lester E. Savage, Real Estate

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1941
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • 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: 428
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,084
  • Total Building Area: 1,550
  • Gross Building Area: 2,512
  • Building Area: 1,550
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,550
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000209
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358700

Zoning

  • Zoning: RS

Geography

  • Parcel: LEXI M:0056 L:000105
  • Lot: 105
  • Municipality: LEXINGTON
  • Latitude: 42.4551
  • Longitude: -71.227

    Address

  • Full Address: 3 Hayes Ave
  • Address - House Number: 3
  • Address - Street Name: Hayes
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lexington
  • Carrier Code: C043
  • 4-Digit Zip Code: 3510
  • Zip Code: 02420

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,493,700

    Appraisal Valuation

  • Standard Deviation: 0.1766
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,286,986
  • High Value: 1,514,317
  • Low Value: 1,059,654

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,149,000
  • Assessed Land Value: $855,000
  • Assessed Improvements Value: $294,000

    Sales

  • Current Sale Recording Date: Nov 16, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00000020
  • Previous Sale Recording Date: Apr 10, 2008
  • Previous Sale Amount: $681,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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:

$2,174,500

Sale Price/ft²

$591

Below Asking

0.02%

Average Days on Market

66

Average Home Size

3826 ft²

Average Home Age

77.6 years

Currently For Sale

16 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: 13 days ago
Data Source: MLS PIN, MLS# 71290217

Frequently Asked Questions

When was property at 3 Hayes Avenue built and last sold?
The property at 3 Hayes Avenue was built in 1941 and last sold on Jan 1, 1970 for $697,000.
How much is this home worth?
The estimated value of the home located at 3 Hayes Avenue is $712,524.
What are some comparable homes to 3 Hayes Avenue?
There are currently no comparable homes to 3 Hayes Avenue.
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