For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Lexington 02421 Follen Heights
38 Lawrence Lane
$985,000
● House - Off Market

38 Lawrence Lane

Lexington, MA 02421
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,880 Ft²
$1,266,122
RealtyHop Estimate
43.06%
Since Sep 1, 2019
MA-Boston
Primary Model

About This Property

One level living at its best!  Just open the front door into a highly polished hardwood foyer and one realizes that this home has been loved and meticulously maintained over the years.  Among the salient features including updates are newer windows, central air in 2012, updated kitchen with natural wood cabinets, gas cooktop, access to fenced yard and pool,  full house generator, entire house heated, hot water and cooking by propane gas, sprinkler system, professional landscaping.  Sited on a beautiful 1/2 acre surrounded by mature trees and fenced yard, all in a desirable neighborhood close to schools, playground and Wilson Farm.  Easy access to major roadways, short ride to Harvard Square and downtown Boston.
Unit Size
1,880 Ft²
Days on Market
-
Land Size
0.48 acres
Price per sqft
$471
Property Type
House
Property Taxes
$946
HOA Dues
-
Year Built
1957

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
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: 4 months ago (MLSPIN #72495467)

Price History

Date / Event Date Event Price
Aug 2, 2019 Sold
Premium
Sold
May 7, 2019 Listed by Coldwell Banker Residential Brokerage - Lexington $885,000
Listed by Coldwell Banker Residential Brokerage - Lexington
Aug 4, 1986 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,880
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,727
  • Total Building Area: 1,880
  • Gross Building Area: 4,246
  • Building Area: 1,880
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,880
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000476
  • 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:000058
  • Lot: 58
  • Municipality: LEXINGTON
  • Latitude: 42.4159
  • Longitude: -71.2169

    Address

  • Full Address: 38 Lawrence Ln
  • Address - House Number: 38
  • Address - Street Name: Lawrence
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lexington
  • Carrier Code: C018
  • 4-Digit Zip Code: 8229
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,358,500

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,292,569
  • High Value: 1,521,654
  • Low Value: 1,063,485

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,045,000
  • Assessed Land Value: $628,000
  • Assessed Improvements Value: $417,000

    Sales

  • Current Sale Contract Date: Jul 19, 2019
  • Current Sale Recording Date: Aug 02, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 54
  • Current Sale Input Document Number: 1819586
  • Previous Sale Recording Date: Aug 04, 1986
  • Previous Sale Amount: $385,000
  • Previous Sale Document Type: 27
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:

$1,379,000

Sale Price/ft²

$529

Below Asking

0.02%

Average Days on Market

57

Average Home Size

3812 ft²

Average Home Age

52.5 years

Currently For Sale

13 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# 72495467

Frequently Asked Questions

When was property at 38 Lawrence Lane built and last sold?
The property at 38 Lawrence Lane was built in 1957 and last sold on Jul 19, 2019 for $985,000.
How much is this home worth?
The estimated value of the home located at 38 Lawrence Lane is $907,728.
What are some comparable homes to 38 Lawrence Lane?
There are currently no comparable homes to 38 Lawrence Lane.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Lexington Homes for Sale
Lexington Houses for Sale
Lexington Condos for Sale
Lexington Co-Ops for Sale
Lexington Multifamily for Sale
Lexington Land for Sale
Lexington Commercial for Sale
Lexington Homes with Basements
Nearby Cities
Newton Homes for Sale
Cambridge Homes for Sale
Somerville Homes for Sale
Brookline Homes for Sale
Medford Homes for Sale
Waltham Homes for Sale
Arlington Homes for Sale
Woburn Homes for Sale
Nearby Property Records
Middlesex County, MA Property Records
Suffolk County, MA Property Records
Norfolk County, MA Property Records
Essex County, MA Property Records
Worcester County, MA Property Records
Hillsborough County, NH Property Records
Rockingham County, NH Property Records
Providence County, RI Property Records
Neighborhoods
Coolidge Corner Real Estate
Watertown West End Real Estate
Commonwealth Real Estate
Arlington Heights Real Estate
Downtown Woburn Real Estate
Winchester Town Center Real Estate
Arlington Center Real Estate
Washington Square Real Estate
Nearby Counties
Newton Homes for Sale
Cambridge Homes for Sale
Somerville Homes for Sale
Brookline Homes for Sale
Medford Homes for Sale
Waltham Homes for Sale
Arlington Homes for Sale
Billerica Homes for Sale
Top Real Estate Agents
Top Agents in Follen Heights
Top Agents in Lexington
Top Agents in Newton
Top Agents in Newton
Top Agents in Cambridge
Top Agents in Cambridge
Top Agents in Somerville
Top Agents in Somerville