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Lexington 02421 Prospect Hill
385 Marrett Road
$507,000
● House - Off Market

385 Marrett Road

Lexington, MA 02421
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,100 Ft²
$1,007,091
RealtyHop Estimate
101.82%
Since Nov 1, 2003
MA-Boston
Primary Model

About This Property

AN EXCELLENT EXAMPLE OF A MASTERFULLY UPDATED HOME. SUPURBLY DESIGNED CHEF'S KIT W/CUSTOM OAK CAB, GRANITE COUNTERS, STATE OF THE ART APPLIANCES 25X20 MBR W/CATH CEIL AND PALLADIAN WINDOWS, 2 FP'S, HW FLRS, INTERCOM SYS, NEW SYS.
Unit Size
2,100 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$238
Property Type
House
Property Taxes
$304
HOA Dues
-
Year Built
1955

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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 years ago (MLSPIN #30762747)

Price History

Date / Event Date Event Price
Jun 29, 2012 Sold
Premium
Sold
Oct 8, 2003 Sold
Premium
Sold
Sep 2, 2003 Listed by William Raveis R.E. & Home Services $499,000
Listed by William Raveis R.E. & Home Services

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 735
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,426
  • Total Building Area: 1,911
  • Gross Building Area: 3,021
  • Building Area: 1,911
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,911
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000170
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358400

Zoning

  • Zoning: RS

Geography

  • Parcel: LEXI M:0033 L:000166
  • Lot: 166
  • Municipality: LEXINGTON
  • Latitude: 42.4351
  • Longitude: -71.2393

    Address

  • Full Address: 385 Marrett Rd
  • Address - House Number: 385
  • Address - Street Name: Marrett
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C045
  • 4-Digit Zip Code: 7910
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,082,900

    Appraisal Valuation

  • Standard Deviation: 0.2261
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 68
  • Final Value: 1,218,324
  • High Value: 1,493,795
  • Low Value: 942,853

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $833,000
  • Assessed Land Value: $469,000
  • Assessed Improvements Value: $364,000

    Sales

  • Current Sale Recording Date: Jun 29, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000013
  • Previous Sale Recording Date: Oct 08, 2003
  • Previous Sale Amount: $507,000
  • 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 Prospect Hill

Stats & Trends

Median Asking:

$1,874,500

Sale Price/ft²

$582

Below Asking

0.01%

Average Days on Market

69

Average Home Size

3887 ft²

Average Home Age

25 years

Currently For Sale

4 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 years ago
Data Source: MLS PIN, MLS# 30762747

Frequently Asked Questions

When was property at 385 Marrett Road built and last sold?
The property at 385 Marrett Road was built in 1955 and last sold on Jan 1, 1970 for $585,000.
How much is this home worth?
The estimated value of the home located at 385 Marrett Road is $0.
What are some comparable homes to 385 Marrett Road?
There are currently no comparable homes to 385 Marrett Road.
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