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Lexington 02420 Lexington Town Center
39 Somerset Road
$1,775,000
● House - Off Market

39 Somerset Road

Lexington, MA 02420
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,935 Ft²
$1,928,614
RealtyHop Estimate
1.77%
Since May 1, 2023
MA-Boston
Primary Model

About This Property

Rarely offered, Meriam Hill property on Somerset Road, located three blocks from Lexington's town center. This classic home is a unique combination of traditional details and modern conveniences. Windows throughout reveal natural light and warmth all day. A chef's kitchen, formal living and dining room, pantry, full bath and mudroom on the main level. Three bedrooms on the second floor, including a large primary bedroom. Zen garden spaces are the tranquil views from both the side porch and expansive deck. The thoughtfully maintained rear yard provides additional leisure space for everyone. Easy access to the bike path, MBTA,  just blocks to elementary, middle and high school.
Unit Size
1,935 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$979
Property Type
House
Property Taxes
$1,441
HOA Dues
-
Year Built
1916

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #73068853)

Price History

Date / Event Date Event Price
Apr 18, 2023 Sold
Premium
Sold
Mar 1, 2023 In contract -
In contract
Jan 6, 2023 Listed by Barrett Sotheby's International Realty $1,895,000
Listed by Barrett Sotheby's International Realty

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1916
  • Effective Year Built: 1916
  • 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: 6
  • Building Style: 15
  • Exterior Walls Type: 18
  • 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: 1,005
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,390
  • Total Building Area: 1,935
  • Gross Building Area: 3,480
  • Building Area: 1,935
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,935
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000261
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358700

Zoning

  • Zoning: RS

Geography

  • Parcel: LEXI M:0056 L:000099
  • Lot: 99
  • Municipality: LEXINGTON
  • Latitude: 42.453
  • Longitude: -71.2266

    Address

  • Full Address: 39 Somerset Rd
  • Address - House Number: 39
  • Address - Street Name: Somerset
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C038
  • 4-Digit Zip Code: 3519
  • Zip Code: 02420

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,729,000
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1773
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,663,112
  • High Value: 1,958,073
  • Low Value: 1,368,152

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,330,000
  • Assessed Land Value: $886,000
  • Assessed Improvements Value: $444,000

    Sales

  • Current Sale Contract Date: Apr 18, 2023
  • Current Sale Recording Date: Apr 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 38588
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 Lexington Town Center

Stats & Trends

Median Asking:

$1,999,500

Sale Price/ft²

$599

Below Asking

0.01%

Average Days on Market

74

Average Home Size

4419 ft²

Average Home Age

77.8 years

Currently For Sale

26 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73068853

Frequently Asked Questions

When was property at 39 Somerset Road built and last sold?
The property at 39 Somerset Road was built in 1916 and last sold on Apr 18, 2023 for $1,775,000.
How much is this home worth?
The estimated value of the home located at 39 Somerset Road is $1,871,817.
What are some comparable homes to 39 Somerset Road?
There are currently no comparable homes to 39 Somerset Road.
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