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Lexington 02421 North Lexington
38 Cedar Street
$1,575,000
● House - Off Market

38 Cedar Street

Lexington, MA 02421
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3,861 Ft²
$2,094,969
RealtyHop Estimate
28.92%
Since Nov 1, 2020
MA-Boston
Primary Model

About This Property

Just completed! Stunning New Construction in a terrific location just steps from Hastings Park, the Hayden Recreation Center, a short stroll to Lexington Center and the high school! This architecturally designed Colonial with 5 bedrooms and 4.5 baths features a thoughtfully designed floor plan with flexible living space on four levels that are accented by classic millwork, built-ins and designer touches. Enjoy the smashing cook's kitchen with custom white cabinetry, quartzite countertops, high end Bosch stainless steel appliances, five-burner gas cooking, center island and more. The spacious master suite will be a welcoming respite at the end of a long day, especially the luxurious master bath with shower and soaking tub. There is room for all with a playroom, game room and first floor home office. Welcome Home!
Unit Size
3,861 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$421
Property Type
House
Property Taxes
$8,333
HOA Dues
-
Year Built
2019

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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 #72644882)

Price History

Date / Event Date Event Price
Oct 22, 2020 Sold
Premium
Sold
Apr 17, 2020 Listed by Barrett Sotheby's International Realty $1,625,000
Listed by Barrett Sotheby's International Realty
Mar 18, 2019 Sold
Premium
Sold
Oct 10, 2018 Listed by Barrett Sotheby's International Realty $699,999
Listed by Barrett Sotheby's International Realty
Jul 31, 2003 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • 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: 20
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,056
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,674
  • Total Building Area: 2,636
  • Gross Building Area: 4,470
  • Building Area: 2,636
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,636
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000176
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358600

Zoning

  • Zoning: RS

Geography

  • Parcel: LEXI M:0050 L:00192A
  • Lot: 192A
  • Municipality: LEXINGTON
  • Latitude: 42.4496
  • Longitude: -71.244

    Address

  • Full Address: 38 Cedar St
  • Address - House Number: 38
  • Address - Street Name: Cedar
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lexington
  • Carrier Code: C027
  • 4-Digit Zip Code: 6706
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,094,300

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,989,982
  • High Value: 2,342,670
  • Low Value: 1,637,295

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,611,000
  • Assessed Land Value: $682,000
  • Assessed Improvements Value: $929,000

    Sales

  • Current Sale Contract Date: Oct 19, 2020
  • Current Sale Recording Date: Oct 22, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 193629
  • Previous Sale Recording Date: Mar 18, 2019
  • Previous Sale Contract Date: Feb 27, 2019
  • Previous Sale Amount: $704,000
  • 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 North Lexington

Stats & Trends

Median Asking:

$1,600,000

Sale Price/ft²

$561

Below Asking

0.02%

Average Days on Market

63

Average Home Size

3612 ft²

Average Home Age

45.5 years

Currently For Sale

27 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72644882

Frequently Asked Questions

When was property at 38 Cedar Street built and last sold?
The property at 38 Cedar Street was built in 2019 and last sold on Oct 19, 2020 for $1,575,000.
How much is this home worth?
The estimated value of the home located at 38 Cedar Street is $1,638,463.
What are some comparable homes to 38 Cedar Street?
There are currently no comparable homes to 38 Cedar Street.
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