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Lexington 02421 Lexington Town Center
3 Slocum Road
$1,200,000
● House - Off Market

3 Slocum Road

Lexington, MA 02421
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,931 Ft²
$1,078,605
RealtyHop Estimate
0.34%
Since Jul 1, 2023
MA-Boston
Primary Model

About This Property

Classic colonial perfectly located in sought after Lexington Center. This traditional 8 room home features 3 spacious bedrooms, 2 1/2 bathrooms and pristine hardwood floors throughout. The first floor offers a generous sized living room with a fireplace and adjacent formal dining room. In addition, there is a cozy family room with a Scandinavian style fireplace that leads to a lovely study with walls of windows allowing beautiful natural light. Directly off the kitchen is a deck overlooking a fabulous well-manicured garden that surrounds the entire lot. Along the historical parade route and within walking distance of all the town offers, this corner lot sits on one of the most desirable streets in Lexington.
Unit Size
1,931 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$557
Property Type
House
Property Taxes
$1,257
HOA Dues
-
Year Built
1954

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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: 5 months ago (MLSPIN #73109864)

Price History

Date / Event Date Event Price
Jun 20, 2023 Sold
Premium
Sold
May 17, 2023 In contract -
In contract
May 10, 2023 Listed by William Raveis R.E. & Home Services $1,075,000
Listed by William Raveis R.E. & Home Services

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 1,099
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,740
  • Total Building Area: 1,931
  • Gross Building Area: 3,776
  • Building Area: 1,931
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,931
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000315
  • 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:0048 L:000005
  • Lot: 5
  • Municipality: LEXINGTON
  • Latitude: 42.4448
  • Longitude: -71.2214

    Address

  • Full Address: 3 Slocum Rd
  • Address - House Number: 3
  • Address - Street Name: Slocum
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C004
  • 4-Digit Zip Code: 5621
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,508,000

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 1,478,438
  • High Value: 1,718,826
  • Low Value: 1,238,051

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,160,000
  • Assessed Land Value: $822,000
  • Assessed Improvements Value: $338,000

    Sales

  • Current Sale Contract Date: Jun 20, 2023
  • Current Sale Recording Date: Jun 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 65914
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:

$2,199,000

Sale Price/ft²

$596

Below Asking

0.02%

Average Days on Market

68

Average Home Size

3636 ft²

Average Home Age

81.5 years

Currently For Sale

18 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: 5 months ago
Data Source: MLS PIN, MLS# 73109864

Frequently Asked Questions

When was property at 3 Slocum Road built and last sold?
The property at 3 Slocum Road was built in 1954 and last sold on Jun 20, 2023 for $1,200,000.
How much is this home worth?
The estimated value of the home located at 3 Slocum Road is $1,095,832.
What are some comparable homes to 3 Slocum Road?
There are currently no comparable homes to 3 Slocum Road.
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