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Lexington 02421 Follen Heights
37 Lawrence Ln.
$1,549,000
● House - Off Market

37 Lawrence Ln.

Lexington, MA 02421
bedrooms
5 Beds
bathrooms
5 Baths
square feet
4,750 Ft²
$2,808,270
RealtyHop Estimate
81.30%
Since Aug 1, 2014
MA-Boston
Primary Model

About This Property

Still time to choose colors, granite, tiles, style of cabinets. Ready for Spring 2014.Stately Center Entrance Colonial with a two car attached garage set on a sprawling 20000 sq.ft. lot. A large living  - dining - kitchen and the family room have a great open floor plan on the first floor, great for entertaining. The second floor has a master suite with walk in closets, master bath with standing shower and whirlpool tub and a study. The second bedroom has its own bath and the 3rd/4th has a fabulous jack and jill bath. Finished 3rd floor has a large area for playroom/game room and the 5th bedroom, a full bath.Montessori school around the corner. This is a great location for someone who wants to just get onto route 2 to Cambridge/Boston.
Unit Size
4,750 Ft²
Days on Market
-
Land Size
0.45 acres
Price per sqft
$326
Property Type
House
Property Taxes
$833
HOA Dues
-
Year Built
2013

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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 #71607246)

Price History

Date / Event Date Event Price
Jul 3, 2014 Sold
Premium
Sold
Nov 12, 2013 Listed by EXIT Premier Real Estate $1,549,000
Listed by EXIT Premier Real Estate
May 13, 2013 Sold
Premium
Sold
Apr 4, 2013 Listed by EXIT Premier Real Estate $569,000
Listed by EXIT Premier Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2013
  • Effective Year Built: 2013
  • Building Count: 1
  • Total Rooms: 13
  • Bedroom Count: 5
  • Bathroom Count: 6
  • Full Bathrooms: 5
  • Partial Bathrooms: 6
  • Building Condition: 3
  • 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: 1,707
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,217
  • Total Building Area: 4,039
  • Gross Building Area: 7,649
  • Building Area: 4,039
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,039
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000441
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: RO

Geography

  • Parcel: LEXI M:0004 L:000080
  • Lot: 80
  • Municipality: LEXINGTON
  • Latitude: 42.4163
  • Longitude: -71.2167

    Address

  • Full Address: 37 Lawrence Ln
  • Address - House Number: 37
  • Address - Street Name: Lawrence
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lexington
  • Carrier Code: C018
  • 4-Digit Zip Code: 8216
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,557,100

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 2,437,758
  • High Value: 2,869,806
  • Low Value: 2,005,710

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,967,000
  • Assessed Land Value: $768,000
  • Assessed Improvements Value: $1,199,000

    Sales

  • Current Sale Recording Date: Jul 03, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1675071
  • Previous Sale Recording Date: May 13, 2013
  • Previous Sale Amount: $671,000
  • 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 Follen Heights

Stats & Trends

Median Asking:

$1,389,000

Sale Price/ft²

$528

Below Asking

0.02%

Average Days on Market

57

Average Home Size

3530 ft²

Average Home Age

55.1 years

Currently For Sale

12 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# 71607246

Frequently Asked Questions

When was property at 37 Lawrence Lane built and last sold?
The property at 37 Lawrence Lane was built in 2013 and last sold on Jan 1, 1970 for $1,549,000.
How much is this home worth?
The estimated value of the home located at 37 Lawrence Lane is $1,575,162.
What are some comparable homes to 37 Lawrence Lane?
There are currently no comparable homes to 37 Lawrence Lane.
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