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Lexington 02420 North Lexington
352 North Emerson Road
$900,000
● House - Off Market

352 North Emerson Road

Lexington, MA 02420
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,740 Ft²
$1,079,989
RealtyHop Estimate
2.86%
Since Aug 1, 2022
MA-Boston
Primary Model

About This Property

If mid-century modern is your dream home, you have an incredible opportunity right now. A single-owner home since it was built in 1965, this 2,700 sf residence on a large lot with 4 bedrooms, 3 full bathrooms and screened porch is looking for a new steward. Filled with sprawling rooms and hardwood flooring in the entrance, dining room and 3 bedrooms, this home nestled on a dead-end street needs updating but is ready to shine again. Near Estabrook Elementary School, Kineens Park and Route 128, location is definitely a plus. Estate sale sold as is.
Unit Size
2,740 Ft²
Days on Market
-
Land Size
0.74 acres
Price per sqft
$383
Property Type
House
Property Taxes
$1,163
HOA Dues
-
Year Built
1965

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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 #72967631)

Price History

Date / Event Date Event Price
Jul 6, 2022 Sold
Premium
Sold
Apr 18, 2022 Listed by J. Barrett & Company $1,050,000
Listed by J. Barrett & Company

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 21
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,040
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 32,178
  • Total Building Area: 1,700
  • Gross Building Area: 2,920
  • Building Area: 1,700
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,700
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GROVE SEC 01
  • Land Acres: 0000000739
  • 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:0077 L:000159
  • Lot: 159
  • Municipality: LEXINGTON
  • Latitude: 42.4713
  • Longitude: -71.2284

    Address

  • Full Address: 352 N Emerson Rd
  • Address - House Number: 352
  • Street Direction: N
  • Address - Street Name: Emerson
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C030
  • 4-Digit Zip Code: 1617
  • Zip Code: 02420

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,508,000

    Appraisal Valuation

  • Standard Deviation: 0.1768
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,301,998
  • High Value: 1,532,307
  • Low Value: 1,071,690

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,160,000
  • Assessed Land Value: $681,000
  • Assessed Improvements Value: $479,000

    Sales

  • Current Sale Contract Date: Jul 05, 2022
  • Current Sale Recording Date: Jul 06, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 103048
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 North Lexington

Stats & Trends

Median Asking:

$1,599,000

Sale Price/ft²

$561

Below Asking

0.02%

Average Days on Market

68

Average Home Size

3697 ft²

Average Home Age

34.2 years

Currently For Sale

24 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: 5 months ago
Data Source: MLS PIN, MLS# 72967631

Frequently Asked Questions

When was property at 352 North Emerson Road built and last sold?
The property at 352 North Emerson Road was built in 1965 and last sold on Jul 5, 2022 for $900,000.
How much is this home worth?
The estimated value of the home located at 352 North Emerson Road is $1,076,177.
What are some comparable homes to 352 North Emerson Road?
There are currently no comparable homes to 352 North Emerson Road.
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