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Lexington 02420 North Lexington
31 Grove Street
Photo of 31 Grove Street
Sold on Jan 12, 2007

1

Map

$1,000,000
● House - Off Market

31 Grove Street

Lexington, MA 02420
bedrooms
5 Beds
bathrooms
4 Baths, 2 Half Baths
square feet
4,400 Ft²
$2,095,721
RealtyHop Estimate
90.52%
Since Feb 1, 2007
MA-Boston
Primary Model

About This Property

Quality, quality, quality..construction, materials and design..it's all here!Spectacular new additions and renovations by Dick Perry of Shakerglenn Construction.  South facing hm w/desirable 1st fl master suite w/screen porch; stunning custom kit with cherry cabinets, granite countertops; FPs in living & dining rms; flexible floor plan includes 1st fl guest suite. You'll love the entertainment/media rm with high ceilings, wet bar.  Numerous built-ins, prof landscaping, steps to park!
Unit Size
4,400 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$250
Property Type
House
Property Taxes
$678
HOA Dues
-
Year Built
1948

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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: 6 months ago (MLSPIN #70352510)

Price History

Date / Event Date Event Price
Jul 30, 2010 Sold
Premium
Sold
Apr 7, 2010 Listed $1,019,000
Listed
Jan 12, 2007 Sold
Premium
Sold
Mar 23, 2006 Listed $1,100,000
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • 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: 15
  • 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: 1,646
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,750
  • Total Building Area: 3,778
  • Gross Building Area: 6,944
  • Building Area: 3,778
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 13
  • Heated Square Feet: 3,778
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000316
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: RO

Geography

  • Parcel: LEXI M:0077 L:000140
  • Lot: 140
  • Municipality: LEXINGTON
  • Latitude: 42.4704
  • Longitude: -71.2341

    Address

  • Full Address: 31 Grove St
  • Address - House Number: 31
  • Address - Street Name: Grove
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lexington
  • Carrier Code: C011
  • 4-Digit Zip Code: 1623
  • Zip Code: 02420

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,236,000

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 2,101,032
  • High Value: 2,442,651
  • Low Value: 1,759,414

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,720,000
  • Assessed Land Value: $668,000
  • Assessed Improvements Value: $1,052,000

    Sales

  • Current Sale Recording Date: Jul 30, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00126480
  • Previous Sale Recording Date: Jan 12, 2007
  • Previous Sale Amount: $1,000,000
  • 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 North Lexington

Stats & Trends

Median Asking:

$1,588,500

Sale Price/ft²

$563

Below Asking

0.02%

Average Days on Market

66

Average Home Size

3865 ft²

Average Home Age

33.8 years

Currently For Sale

21 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: 6 months ago
Data Source: MLS PIN, MLS# 70352510

Frequently Asked Questions

When was property at 31 Grove Street built and last sold?
The property at 31 Grove Street was built in 1948 and last sold on Jan 1, 1970 for $994,500.
How much is this home worth?
The estimated value of the home located at 31 Grove Street is $1,032,578.
What are some comparable homes to 31 Grove Street?
There are currently no comparable homes to 31 Grove Street.
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