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Medford 02155 West Medford
3 Smith Ln
$660,000
● House - Off Market

3 Smith Ln

Medford, MA 02155
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,372 Ft²
$954,169
RealtyHop Estimate
42.43%
Since Dec 1, 2019
MA-Boston
Primary Model

About This Property

Wonderful home in desirable West Medford location near Mystic Lakes, parks, shopping and the commuter rail. Beautiful, newly built stone front stairs enhance the curb appeal of this home. Features 3 bedrooms, 1 full+1/2 bathroom, large living room with gas fireplace open to dining room and  kitchen with granite counters. Partially finished family room in basement and attached garage. Hardwood floors throughout, central air conditioning, double pane windows, and NEW ROOF make this home a complete package. Private fenced backyard with shed on corner lot. Short distance to the Commuter Rail & Commuter Bus and Playstead Park. Enjoy the many shops and restaurants in West Medford Square.
Unit Size
1,372 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$488
Property Type
House
Property Taxes
$455
HOA Dues
-
Year Built
1960

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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 #72574395)

Price History

Date / Event Date Event Price
Nov 12, 2019 Sold
Premium
Sold
Oct 3, 2019 Listed by Keller Williams Realty Boston Northwest $669,900
Listed by Keller Williams Realty Boston Northwest
Apr 13, 2017 Sold
Premium
Sold
Feb 9, 2017 Listed by Keller Williams Realty Boston Northwest $539,000
Listed by Keller Williams Realty Boston Northwest
Feb 28, 2013 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,145
  • Total Building Area: 1,372
  • Gross Building Area: 2,044
  • Building Area: 1,372
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,372
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000164
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Medford School District
  • School Tax School District: MEDFORD SD
  • Census Tract: 339200

Geography

  • Account Number: 3599
  • Parcel: MEDF M:H-04 B:0069
  • Block: 69
  • Municipality: MEDFORD
  • Latitude: 42.4285
  • Longitude: -71.1311

    Address

  • Full Address: 3 Smith Ln
  • Address - House Number: 3
  • Address - Street Name: Smith
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Medford
  • Carrier Code: C050
  • 4-Digit Zip Code: 1549
  • Zip Code: 02155

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $601,100

    Appraisal Valuation

  • Standard Deviation: 0.1735
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 855,330
  • High Value: 1,003,799
  • Low Value: 706,862

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $694,900
  • Assessed Land Value: $447,300
  • Assessed Improvements Value: $247,600

    Sales

  • Current Sale Contract Date: Nov 02, 2019
  • Current Sale Recording Date: Nov 12, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 176288
  • Previous Sale Recording Date: Apr 13, 2017
  • Previous Sale Contract Date: Apr 10, 2017
  • Previous Sale Amount: $615,000
  • 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 West Medford

Stats & Trends

Median Asking:

$999,000

Sale Price/ft²

$498

Below Asking

0.02%

Average Days on Market

52

Average Home Size

2092 ft²

Average Home Age

78.4 years

Currently For Sale

22 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

Unit for rent at 20 Stephenson Aman St, MA, 02144

$2,000 /mo

  • 1 Bed
  • 1 Bath
20 Stephenson Aman St, MA, 02144 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72574395

Frequently Asked Questions

When was property at 3 Smith Lane built and last sold?
The property at 3 Smith Lane was built in 1960 and last sold on Nov 2, 2019 for $660,000.
How much is this home worth?
The estimated value of the home located at 3 Smith Lane is $678,280.
What are some comparable homes to 3 Smith Lane?
There are currently no comparable homes to 3 Smith Lane.
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