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Lexington 02421 Idylwide
394 Marrett Rd
$725,000
● House - Off Market

394 Marrett Rd

Lexington, MA 02421
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,440 Ft²
$803,791
RealtyHop Estimate
0.47%
Since Jun 1, 2023
MA-Boston
Primary Model

About This Property

OPEN HOUSE FOR SUNDAY MAY7TH CANCELED.     Classic three bedroom center entrance colonial sited on a level lot just a short walk to Bridge Elementary School and the Lexington reservoir. There is also a bus stop nearby to Alewife and Cambridge. Brimming with potential, this lovely home awaits your renovation ideas that can bring this solid, well-built home back to its original beauty. Hardwood floors on first and second levels, central air, unfinished basement ideal for future living space. Great commuter location with quick access to Route 2 and Route 95.
Unit Size
1,440 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$556
Property Type
House
Property Taxes
$858
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 months ago (MLSPIN #73106697)

Price History

Date / Event Date Event Price
May 22, 2023 Sold
Premium
Sold
May 5, 2023 In contract -
In contract
May 3, 2023 Listed by William Raveis R.E. & Home Services $800,000
Listed by William Raveis R.E. & Home Services

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 654
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,099
  • Total Building Area: 1,440
  • Gross Building Area: 2,418
  • Building Area: 1,440
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,440
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000209
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358300

Zoning

  • Zoning: RS

Geography

  • Parcel: LEXI M:0033 L:000019
  • Lot: 19
  • Municipality: LEXINGTON
  • Latitude: 42.4345
  • Longitude: -71.2398

    Address

  • Full Address: 394 Marrett Rd
  • Address - House Number: 394
  • Address - Street Name: Marrett
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C045
  • 4-Digit Zip Code: 7913
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,029,600

    Appraisal Valuation

  • Standard Deviation: 0.0774
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 94
  • Final Value: 839,011
  • High Value: 904,022
  • Low Value: 774,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $792,000
  • Assessed Land Value: $479,000
  • Assessed Improvements Value: $313,000

    Sales

  • Current Sale Contract Date: May 22, 2023
  • Current Sale Recording Date: May 22, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 53005

    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 Idylwide

Stats & Trends

Median Asking:

$1,849,500

Sale Price/ft²

$552

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2931 ft²

Average Home Age

61.5 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73106697

Frequently Asked Questions

When was property at 394 Marrett Road built and last sold?
The property at 394 Marrett Road was built in 1955 and last sold on May 22, 2023 for $725,000.
How much is this home worth?
The estimated value of the home located at 394 Marrett Road is $797,463.
What are some comparable homes to 394 Marrett Road?
There are currently no comparable homes to 394 Marrett Road.
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