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Lexington 02421 Follen Heights
34 Tower Road
$1,100,000
● House - Off Market

34 Tower Road

Lexington, MA 02421
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,417 Ft²
$1,554,342
RealtyHop Estimate
48.03%
Since Sep 1, 2018
MA-Boston
Primary Model

About This Property

You'll love this newly renovated, move in ready, Garrison colonial style house located in the highly sought-after neighborhood of Follen Heights. This 3-bedroom, 2.5 bath house is situated on a quiet side street which is walking distance to the bike path & public transportation to Alewife, a short drive to Lexington Center, and minutes from Route 2. This house has modern features including a new kitchen with Stainless steel appliances, Quartz countertops, LED recessed lighting, updated bathrooms, hardwood floors throughout, updated basement, central heating and cooling, new windows, fresh coat of paint inside and out, new roof, and expanded driveway. Come and see why this should be your forever home!
Unit Size
2,417 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$434
Property Type
House
Property Taxes
$1,199
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 #72345934)

Price History

Date / Event Date Event Price
Dec 6, 2021 Sold
Premium
Sold
Oct 14, 2021 Listed by Andrew L Duffy $1,238,000
Listed by Andrew L Duffy
Aug 6, 2018 Sold
Premium
Sold
Jun 14, 2018 Listed by Andrew L Duffy $1,050,000
Listed by Andrew L Duffy
Jan 16, 2018 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
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: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 720
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,987
  • Total Building Area: 1,776
  • Gross Building Area: 2,736
  • Building Area: 1,776
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,776
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000160
  • 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:00089B
  • Lot: 89B
  • Municipality: LEXINGTON
  • Latitude: 42.4323
  • Longitude: -71.2103

    Address

  • Full Address: 34 Tower Rd
  • Address - House Number: 34
  • 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: $1,628,900

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,390,510
  • High Value: 1,636,953
  • Low Value: 1,144,068

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,253,000
  • Assessed Land Value: $832,000
  • Assessed Improvements Value: $421,000

    Sales

  • Current Sale Contract Date: Dec 03, 2021
  • Current Sale Recording Date: Dec 06, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1900944
  • Previous Sale Recording Date: Aug 06, 2018
  • Previous Sale Amount: $1,100,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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# 72345934

Frequently Asked Questions

When was property at 34 Tower Road built and last sold?
The property at 34 Tower Road was built in 1970 and last sold on Dec 3, 2021 for $1,346,000.
How much is this home worth?
The estimated value of the home located at 34 Tower Road is $1,241,933.
What are some comparable homes to 34 Tower Road?
There are currently no comparable homes to 34 Tower Road.
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