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Lexington 02421 Five Fields
3 Schoolhouse Lane
$975,000
● House - Off Market

3 Schoolhouse Lane

Lexington, MA 02421
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,165 Ft²
$2,522,258
RealtyHop Estimate
180.56%
Since Oct 1, 2000
MA-Boston
Primary Model

About This Property

PLS GIVE NOTICE DOG IN HOUSE!A SWEEPING LAWN LEADS TO THIS DISTINCTIVE HOME.SPACIOUS FORMAL RMS, MBR SUITE,GOURMET KIT.,LGE DECK & SPA,SERENE REAR LAWN & PERENNIAL ROCK GARDEN.ADD TO THIS ELEGANT DETAIL + DIR.ENTRY 3 CAR GARAGE.
Unit Size
3,165 Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$284
Property Type
House
Property Taxes
$718
HOA Dues
-
Year Built
1995

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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 #30420992)

Price History

Date / Event Date Event Price
Sep 13, 2000 Sold
Premium
Sold
Jun 15, 2000 Listed $899,000
Listed
Nov 20, 1995 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1995
  • Effective Year Built: 1995
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 1,232
  • Garage Type: 7
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 29,875
  • Total Building Area: 3,165
  • Gross Building Area: 5,509
  • Building Area: 3,165
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,165
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000686
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358300

Zoning

  • Zoning: RO

Geography

  • Parcel: LEXI M:0010 L:00035D
  • Lot: 35D
  • Municipality: LEXINGTON
  • Latitude: 42.4196
  • Longitude: -71.2333

    Address

  • Full Address: 3 Schoolhouse Ln
  • Address - House Number: 3
  • Address - Street Name: Schoolhouse
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lexington
  • Carrier Code: C009
  • 4-Digit Zip Code: 8053
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,220,400

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 2,172,272
  • High Value: 2,557,268
  • Low Value: 1,787,277

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,708,000
  • Assessed Land Value: $831,000
  • Assessed Improvements Value: $877,000

    Sales

  • Current Sale Recording Date: Sep 13, 2000
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Nov 20, 1995
  • Previous Sale Amount: $650,000
  • 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 Five Fields

Stats & Trends

Median Asking:

$2,220,000

Sale Price/ft²

$554

Below Asking

0.02%

Average Days on Market

64

Average Home Size

3904 ft²

Average Home Age

29 years

Currently For Sale

1 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

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Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30420992

Frequently Asked Questions

When was property at 3 Schoolhouse Lane built and last sold?
The property at 3 Schoolhouse Lane was built in 1995 and last sold on Jan 1, 1970 for $975,000.
How much is this home worth?
The estimated value of the home located at 3 Schoolhouse Lane is $0.
What are some comparable homes to 3 Schoolhouse Lane?
There are currently no comparable homes to 3 Schoolhouse Lane.
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