1
Map
$789,900
●
Condo -
Off Market
341 Marrett Rd #5
Lexington, MA 02421
3 Beds
3 Baths,
1
Half Bath
2,700 Ft²
$1,695,274
RealtyHop Estimate
112.17%
Since May 1, 2011
MA-Boston
Primary Model
About This Property
Why have the Homes at Wachusett Ridge sold so quickly???
Unit Size
2,700 Ft²
Days on Market
-
Land Size
2.38 acres
Price per sqft
$296
Property Type
Condo
Property Taxes
-
HOA Dues
$333
Year Built
-
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Cap Rate Calculator
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Monthly Rental Income
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Operating Profit Per Year
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: 7 months ago (MLSPIN #71159709)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 29, 2011 | Sold | ||
| Sold | |||
| Nov 6, 2010 | Listed by Keller Williams Realty Boston-Metro | Back Bay | $799,000 | |
| Listed by Keller Williams Realty Boston-Metro | Back Bay | |||
| | |||
|
Why have the Homes at Wachusett Ridge sold so quickly???
| |||
Property Highlights
Parking Available
Garage
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Garage Door Opener
Garage Spaces: 2
Interior Details
Half Bathrooms: 1
Full Bathrooms: 3
Appliances: Range, Dishwasher, Disposal, Microwave, ENERGY STAR Qualified Dishwasher
Flooring Type: Tile, Carpet, Hardwood
Door Features: Insulated Doors
Rooms: 7
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: Y
Exterior Details
Has Property Attached
Square Footage: 2700
Square Footage Source: $0
Year Built Source: Owner
Year Built: 2010
Building Name: Wachusett Ridge
Building Area Total: 2700
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Porch, Patio
Pool is Private
Lot Size Area: 2.38
Lot Size Units: Acres
Lot Size Acres: 2.38
Lot Size Square Feet: 103494
Water Source: Public, City/Town Water, City/Town Sewer
Utilities Details
Cooling Type: Central Air, Unit Control
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Road Maintenance
HOA Fee: $333
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
07/21/2022
|
3 Bed
|
4 Bath
|
2714 ft²
|
$1,199,000
3 Bed
4 Bath
2714 ft²
|
$1,199,000
08/29/2022
|
Wilson Group
Keller Williams Realty
| |
|
08/04/2021
|
3 Bed
|
3 Bath
|
2104 ft²
|
$1,199,000
3 Bed
3 Bath
2104 ft²
|
$1,150,000
-4.09%
11/03/2021
|
Samita Mandelia
Coldwell Banker Realty - Lexington
| |
|
07/07/2021
|
3 Bed
|
4 Bath
|
2760 ft²
|
$1,323,000
3 Bed
4 Bath
2760 ft²
|
$1,425,000
+7.71%
08/19/2021
|
Miyana Bovan
Keller Williams Boston Metrowest
| |
|
04/07/2016
|
3 Bed
|
3 Bath
|
2120 ft²
|
$899,000
3 Bed
3 Bath
2120 ft²
|
$950,000
+5.67%
06/21/2016
|
Mary Lou McDonough
Barrett Sotheby's International Realty
| |
|
02/06/2014
|
3 Bed
|
3 Bath
|
2714 ft²
|
$879,000
3 Bed
3 Bath
2714 ft²
|
$931,000
+5.92%
03/21/2014
|
The Optimium Team
eXp Realty LLC - Corporate Office
| |
|
04/16/2011
|
4 Bed
|
5 Bath
|
5100 ft²
|
$1,199,000
4 Bed
5 Bath
5100 ft²
|
$1,050,000
-12.43%
08/19/2011
|
Doug Rae
Compass
| |
|
01/08/2011
|
3 Bed
|
3 Bath
|
2700 ft²
|
$789,000
3 Bed
3 Bath
2700 ft²
|
$770,000
-2.41%
03/15/2011
|
Doug Rae
Compass
| |
|
12/04/2010
|
3 Bed
|
4 Bath
|
2700 ft²
|
$789,000
3 Bed
4 Bath
2700 ft²
|
$764,000
-3.17%
03/10/2011
|
Doug Rae
William Raveis R.E. & Home Services
| |
|
11/09/2010
|
3 Bed
|
3 Bath
|
2104 ft²
|
$679,000
3 Bed
3 Bath
2104 ft²
|
$680,000
+0.15%
01/31/2011
|
Doug Rae
Compass
| |
|
11/06/2010
|
3 Bed
|
4 Bath
|
2700 ft²
|
$799,000
3 Bed
4 Bath
2700 ft²
|
$789,900
-1.14%
04/29/2011
|
Doug Rae
Compass
| |
|
10/29/2010
|
3 Bed
|
2 Bath
|
2104 ft²
|
$679,000
3 Bed
2 Bath
2104 ft²
|
$679,000
01/27/2011
|
Doug Rae
Hammond Residential
| |
|
10/29/2010
|
3 Bed
|
3 Bath
|
2548 ft²
|
$879,000
3 Bed
3 Bath
2548 ft²
|
$840,000
-4.44%
04/14/2011
|
Doug Rae
Hammond Residential
| |
|
10/28/2010
|
3 Bed
|
3 Bath
|
2700 ft²
|
$789,000
3 Bed
3 Bath
2700 ft²
|
$789,000
01/26/2011
|
Doug Rae
Compass
| |
|
09/25/2007
| |
4 Bed
|
3 Bath
|
3273 ft²
|
$1,399,000
4 Bed
3 Bath
3273 ft²
|
$1,325,000
-5.29%
07/30/2008
|
C. J. Snow
Hammond Residential
|
Building Info
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