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Lexington 02421 East Lexington
38 Taft Ave
$435,000
● House - Off Market

38 Taft Ave

Lexington, MA 02421
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,152 Ft²
$873,803
RealtyHop Estimate
103.68%
Since Jul 1, 2012
MA-Boston
Primary Model

About This Property

A charming & comfortable 1926 Colonial home with detached 2-car garage on interesting wooded & foliage covered corner lot in an inviting neighborhood with accessible public & private schools.  Access to LEXPRESS, mass transit, Alewife Station, Mass Avenue, RT2 & 4/225, Lexington bikeway, conservation areas, job opportunities, Wilson's Farm & stores & shops in Lexington Center and Arlington. Enclosed front porch, basement french drain & attic exhaust fan.
Unit Size
1,152 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$372
Property Type
House
Property Taxes
$494
HOA Dues
-
Year Built
1926

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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 #71374588)

Price History

Date / Event Date Event Price
Jun 27, 2012 Sold
Premium
Sold
Apr 28, 2012 Listed by Avenue 3 Real Estate, LLC $429,000
Listed by Avenue 3 Real Estate, LLC

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1926
  • Effective Year Built: 1926
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 19
  • 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: 576
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,600
  • Total Building Area: 1,152
  • Gross Building Area: 1,818
  • Building Area: 1,152
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,152
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000129
  • 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:0013 L:000152
  • Lot: 152
  • Municipality: LEXINGTON
  • Latitude: 42.424
  • Longitude: -71.1979

    Address

  • Full Address: 38 Taft Ave
  • Address - House Number: 38
  • Address - Street Name: Taft
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lexington
  • Carrier Code: C008
  • 4-Digit Zip Code: 4145
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $958,100
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.158
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 80
  • Final Value: 889,255
  • High Value: 1,029,809
  • Low Value: 748,702

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $737,000
  • Assessed Land Value: $525,000
  • Assessed Improvements Value: $212,000

    Sales

  • Current Sale Recording Date: Jun 27, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000013
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 East Lexington

Stats & Trends

Median Asking:

$1,250,000

Sale Price/ft²

$564

Below Asking

0.02%

Average Days on Market

49

Average Home Size

3034 ft²

Average Home Age

77.8 years

Currently For Sale

5 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: 5 months ago
Data Source: MLS PIN, MLS# 71374588

Frequently Asked Questions

When was property at 38 Taft Avenue built and last sold?
The property at 38 Taft Avenue was built in 1926 and last sold on Jan 1, 1970 for $435,000.
How much is this home worth?
The estimated value of the home located at 38 Taft Avenue is $444,914.
What are some comparable homes to 38 Taft Avenue?
There are currently no comparable homes to 38 Taft Avenue.
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