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Lexington 02421 Prospect Hill
399 Marrett Rd
Photo of 399 Marrett Rd
Sold on Oct 30, 2006

1

Map

$690,000
● House - Off Market

399 Marrett Rd

Lexington, MA 02421
bedrooms
6 Beds
bathrooms
3 Baths
square feet
3,379 Ft²
$1,278,077
RealtyHop Estimate
85.50%
Since Nov 1, 2006
MA-Boston
Primary Model

About This Property

1890s Colonial - an elegant grand home with great bones. Front entry w/oak paneled doors & beveled glass. Front-to-back liv rm w/music alcove, window seat & plantation shutters. 20' din rm w/fp & china cabinet. Butler's pantry w/glass front cabinets & atrium door to deck & yard. Kitchen is flooded w/light awaiting your rehab. 5 bedrooms on 2nd fl, master w/private bath. 3rd fl has 6th BR & unfinished attic. Endless possibilities. Value priced for this project in process.
Unit Size
3,379 Ft²
Days on Market
-
Land Size
0.57 acres
Price per sqft
$204
Property Type
House
Property Taxes
$644
HOA Dues
-
Year Built
1890

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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 #70470650)

Price History

Date / Event Date Event Price
Dec 22, 2020 Sold
Premium
Sold
Oct 22, 2020 Listed $1,599,000
Listed
Oct 30, 2006 Sold
Premium
Sold
Oct 5, 2006 Listed $689,000
Listed

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 6
  • 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: 1,570
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 24,648
  • Total Building Area: 3,765
  • Gross Building Area: 7,425
  • Building Area: 3,765
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,765
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000566
  • 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:000109
  • Lot: 109
  • Municipality: LEXINGTON
  • Latitude: 42.4349
  • Longitude: -71.2404

    Address

  • Full Address: 399 Marrett Rd
  • Address - House Number: 399
  • Address - Street Name: Marrett
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C045
  • 4-Digit Zip Code: 7912
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,873,300

    Appraisal Valuation

  • Standard Deviation: 0.2261
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 68
  • Final Value: 2,120,205
  • High Value: 2,599,597
  • Low Value: 1,640,813

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,441,000
  • Assessed Land Value: $545,000
  • Assessed Improvements Value: $896,000

    Sales

  • Current Sale Contract Date: Dec 09, 2020
  • Current Sale Recording Date: Dec 22, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 245448
  • Previous Sale Recording Date: Oct 30, 2006
  • Previous Sale Amount: $690,000
  • 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70470650

Frequently Asked Questions

When was property at 399 Marrett Road built and last sold?
The property at 399 Marrett Road was built in 1890 and last sold on Dec 9, 2020 for $1,500,000.
How much is this home worth?
The estimated value of the home located at 399 Marrett Road is $1,599,859.
What are some comparable homes to 399 Marrett Road?
There are currently no comparable homes to 399 Marrett Road.
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