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Lexington 02421 Follen Heights
38 Buckman Drive
$937,500
● House - Off Market

38 Buckman Drive

Lexington, MA 02421
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,542 Ft²
$1,799,447
RealtyHop Estimate
89.42%
Since Sep 1, 2013
MA-Boston
Primary Model

About This Property

Gracious gambrel colonial in prime Follen Hill.  Impeccable condition !  Open and bright with large rooms.  Great eat-in kitchen:granite counter,ss appliances- 3 bedrooms, a den with sliders to the patio- Finished basement with  full bath and famrm with wood stove- Lots of extra storage space: full storage closets:2nd flr hall & LL plus stor.rm  Two car garage and central air.  Systems updated and maintained yearly.  Easy access to major highways, Cambridge, Boston, schools&Wilson Frm.
Unit Size
2,542 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$374
Property Type
House
Property Taxes
$928
HOA Dues
-
Year Built
1950

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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 #71511150)

Price History

Date / Event Date Event Price
Aug 7, 2013 Sold
Premium
Sold
Apr 18, 2013 Listed by Hammond Residential $950,000
Listed by Hammond Residential

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,070
  • Garage Type: 7
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,280
  • Total Building Area: 1,848
  • Gross Building Area: 3,617
  • Building Area: 1,848
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 13
  • Heated Square Feet: 1,848
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000328
  • 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:000171
  • Lot: 171
  • Municipality: LEXINGTON
  • Latitude: 42.4289
  • Longitude: -71.2152

    Address

  • Full Address: 38 Buckman Dr
  • Address - House Number: 38
  • Address - Street Name: Buckman
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Lexington
  • Carrier Code: C032
  • 4-Digit Zip Code: 6040
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,865,500

    Appraisal Valuation

  • Standard Deviation: 0.1573
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,643,906
  • High Value: 1,902,622
  • Low Value: 1,385,189

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,435,000
  • Assessed Land Value: $919,000
  • Assessed Improvements Value: $516,000

    Sales

  • Current Sale Recording Date: Aug 07, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000164

    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

$528

Below Asking

0.02%

Average Days on Market

57

Average Home Size

3979 ft²

Average Home Age

40.7 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71511150

Frequently Asked Questions

When was property at 38 Buckman Drive built and last sold?
The property at 38 Buckman Drive was built in 1950 and last sold on Jan 1, 1970 for $937,500.
How much is this home worth?
The estimated value of the home located at 38 Buckman Drive is $977,753.
What are some comparable homes to 38 Buckman Drive?
There are currently no comparable homes to 38 Buckman Drive.
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