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Lexington 02420 Lexington Town Center
32 Colony Road
$870,000
● House - Off Market

32 Colony Road

Lexington, MA 02420
bedrooms
4 Beds
bathrooms
1 Bath, 2 Half Baths
square feet
2,638 Ft²
$1,606,684
RealtyHop Estimate
82.58%
Since May 1, 2014
MA-Boston
Primary Model

About This Property

Coveted Meriam Hill location----unique 1940's Colonial that has been gracefully renovated and maintained.  This endearing home is beautifully nestled on a picturesque lot  abutting the Ada Govan Bird Sanctuary, steps from the new Fiske School. It features a warm and inviting living room with fireplace, spacious updated country kitchen, cozy first floor dining room/music room with built-in bookcases and a first floor study/den. Second floor has Master Bedroom with cathedral ceiling, bath and a balcony. There are also 3 other bedrooms and a full bath with spa tub. Other features include a suite with private entrance, perfect for a study or office, screened porch and flagstone patio.
Unit Size
2,638 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$334
Property Type
House
Property Taxes
$745
HOA Dues
-
Year Built
1949

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 months ago (MLSPIN #71638085)

Price History

Date / Event Date Event Price
Apr 24, 2014 Sold
Premium
Sold
Feb 27, 2014 Listed by The Higgins Group REALTORS® $880,000
Listed by The Higgins Group REALTORS®
Mar 14, 1994 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 15
  • Exterior Walls Type: 12
  • 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: 386
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,580
  • Total Building Area: 2,638
  • Gross Building Area: 4,100
  • Building Area: 2,638
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,638
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000243
  • 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:0063 L:000137
  • Lot: 137
  • Municipality: LEXINGTON
  • Latitude: 42.4563
  • Longitude: -71.2197

    Address

  • Full Address: 32 Colony Rd
  • Address - House Number: 32
  • Address - Street Name: Colony
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C038
  • 4-Digit Zip Code: 2004
  • Zip Code: 02420

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,622,400
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1775
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,564,811
  • High Value: 1,842,616
  • Low Value: 1,287,006

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,248,000
  • Assessed Land Value: $711,000
  • Assessed Improvements Value: $537,000

    Sales

  • Current Sale Recording Date: Apr 24, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 51489
  • Previous Sale Recording Date: Mar 14, 1994
  • Previous Sale Amount: $300,000
  • 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 Lexington Town Center

Stats & Trends

Median Asking:

$1,999,500

Sale Price/ft²

$599

Below Asking

0.01%

Average Days on Market

74

Average Home Size

4203 ft²

Average Home Age

80 years

Currently For Sale

25 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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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71638085

Frequently Asked Questions

When was property at 32 Colony Road built and last sold?
The property at 32 Colony Road was built in 1949 and last sold on Jan 1, 1970 for $870,000.
How much is this home worth?
The estimated value of the home located at 32 Colony Road is $923,282.
What are some comparable homes to 32 Colony Road?
There are currently no comparable homes to 32 Colony Road.
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