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Lexington 02420 East Lexington
34 Summer St
$950,000
● House - Off Market

34 Summer St

Lexington, MA 02420
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,600 Ft²
$1,034,393
RealtyHop Estimate
4.48%
Since Sep 1, 2022
MA-Boston
Primary Model

About This Property

Come see this well maintained colonial set on a huge lot! Adjacent to Whipple Hill, hiking trails and walking distance to McClennen Park. Enjoy the open floor plan, with an updated kitchen with quartz countertops and stainless steel appliances. Relax in the big den right off the kitchen and dining areas, with a view of the woods behind the property. This is a house perfect for entertaining! Delight in the roof covered deck, have your summer cookouts in the cool shade. Perfect time to move into this house and be settled before school starts in the fall!
Unit Size
1,600 Ft²
Days on Market
-
Land Size
0.71 acres
Price per sqft
$619
Property Type
House
Property Taxes
$1,052
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 #73000733)

Price History

Date / Event Date Event Price
Aug 18, 2022 Sold
Premium
Sold
Jun 22, 2022 Listed by Compass $990,000
Listed by Compass
May 15, 2013 Sold
Premium
Sold
Mar 5, 2013 Listed by Compass $620,000
Listed by Compass
Nov 2, 2010 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 7
  • 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: 380
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,871
  • Total Building Area: 1,600
  • Gross Building Area: 2,965
  • Building Area: 1,600
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,600
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000709
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358500

Zoning

  • Zoning: RO

Geography

  • Parcel: LEXI M:0028 L:000042
  • Lot: 42
  • Municipality: LEXINGTON
  • Latitude: 42.4344
  • Longitude: -71.1861

    Address

  • Full Address: 34 Summer St
  • Address - House Number: 34
  • Address - Street Name: Summer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lexington
  • Carrier Code: C020
  • 4-Digit Zip Code: 2814
  • Zip Code: 02420

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,337,700

    Appraisal Valuation

  • Standard Deviation: 0.1768
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,270,604
  • High Value: 1,495,359
  • Low Value: 1,045,848

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,029,000
  • Assessed Land Value: $586,000
  • Assessed Improvements Value: $443,000

    Sales

  • Current Sale Contract Date: Aug 18, 2022
  • Current Sale Recording Date: Aug 18, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1921351
  • Previous Sale Recording Date: May 15, 2013
  • Previous Sale Amount: $650,000
  • 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 East Lexington

Stats & Trends

Median Asking:

$1,249,000

Sale Price/ft²

$563

Below Asking

0.02%

Average Days on Market

50

Average Home Size

3034 ft²

Average Home Age

77.8 years

Currently For Sale

5 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: 5 months ago
Data Source: MLS PIN, MLS# 73000733

Frequently Asked Questions

When was property at 34 Summer Street built and last sold?
The property at 34 Summer Street was built in 1960 and last sold on Aug 18, 2022 for $950,000.
How much is this home worth?
The estimated value of the home located at 34 Summer Street is $979,398.
What are some comparable homes to 34 Summer Street?
There are currently no comparable homes to 34 Summer Street.
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