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Lexington 02421 Follen Heights
32 Tower Road
$777,750
● House - Off Market

32 Tower Road

Lexington, MA 02421
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,826 Ft²
$1,221,656
RealtyHop Estimate
65.76%
Since Nov 1, 2016
MA-Boston
Primary Model

About This Property

Well maintained Garrison Colonial in Follen Hill neighborhood  with 3 bedrooms 1.5 baths and abundant natural light.  Living room, dining room, family room, half bath, and kitchen with butler's pantry and separate entrance on the first floor. Hardwood floors throughout. Bedrooms, full bath and office nook upstairs. Lower level partially finished with fireplace, walkout to back yard. Two "whole house" fans in attic for cooling.  Gas heat with 4 zones including lower level. Public transportation, Minuteman Bikeway, Waldorf School, conservation land, Wilson Farm and highway access nearby.
Unit Size
1,826 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$404
Property Type
House
Property Taxes
$910
HOA Dues
-
Year Built
1970

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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 months ago (MLSPIN #72064098)

Price History

Date / Event Date Event Price
Oct 27, 2016 Sold
Premium
Sold
Sep 8, 2016 Listed by Coldwell Banker Residential Brokerage - Lexington $737,000
Listed by Coldwell Banker Residential Brokerage - Lexington

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 7
  • 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: 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: 770
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,646
  • Total Building Area: 1,826
  • Gross Building Area: 2,632
  • Building Area: 1,826
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,826
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000176
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358100

Zoning

  • Zoning: RS

Geography

  • Parcel: LEXI M:0022 L:00089A
  • Lot: 89A
  • Municipality: LEXINGTON
  • Latitude: 42.4325
  • Longitude: -71.2103

    Address

  • Full Address: 32 Tower Rd
  • Address - House Number: 32
  • Address - Street Name: Tower
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C029
  • 4-Digit Zip Code: 5931
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,592,500

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,318,558
  • High Value: 1,552,248
  • Low Value: 1,084,868

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,225,000
  • Assessed Land Value: $839,000
  • Assessed Improvements Value: $386,000

    Sales

  • Current Sale Contract Date: Oct 05, 2016
  • Current Sale Recording Date: Oct 27, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1744855
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 Follen Heights

Stats & Trends

Median Asking:

$1,389,000

Sale Price/ft²

$529

Below Asking

0.02%

Average Days on Market

57

Average Home Size

3830 ft²

Average Home Age

42.8 years

Currently For Sale

13 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: 4 months ago
Data Source: MLS PIN, MLS# 72064098

Frequently Asked Questions

When was property at 32 Tower Road built and last sold?
The property at 32 Tower Road was built in 1970 and last sold on Oct 5, 2016 for $777,750.
How much is this home worth?
The estimated value of the home located at 32 Tower Road is $760,216.
What are some comparable homes to 32 Tower Road?
There are currently no comparable homes to 32 Tower Road.
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