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Lexington 02421 Follen Heights
4 Barrett Rd
$975,000
● House - Off Market

4 Barrett Rd

Lexington, MA 02421
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,500 Ft²
$1,424,202
RealtyHop Estimate
42.43%
Since Dec 1, 2019
MA-Boston
Primary Model

About This Property

TREMENDOUS OPPORTUNITY TO BE SETTLED BEFORE SCHOOL STARTS!  The soaring open spaces will capture your heart upon stepping through the front door. Contemporary flair cathedral ceiling Living Room w FP, sun splashed Family Room w FP and French Doors to oversized Deck. A perfect home for backyard fun and barbecuing. The Updated Kitchen and Family Bath along with shiny hardwood floors are only complimented by the NEW* working systems. 4 generous sized Bedrooms including large Master Suite w private Bath and Walk-in Closet are cheerful spaces, offering plenty of room to kick back and relax. The lush, large yard is perfect for gardening, playing ball or enjoying breezy summer days. Live on a cul-de-sac within walking distance to Bowman School.  Nothing to do but unpack!
Unit Size
3,500 Ft²
Days on Market
-
Land Size
0.59 acres
Price per sqft
$286
Property Type
House
Property Taxes
$1,290
HOA Dues
-
Year Built
1971

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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 #72526796)

Price History

Date / Event Date Event Price
Nov 15, 2019 Sold
Premium
Sold
Jun 27, 2019 Listed by Coldwell Banker Residential Brokerage - Lexington $999,900
Listed by Coldwell Banker Residential Brokerage - Lexington
Jan 5, 2009 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 1,320
  • Garage Type: 7
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,519
  • Total Building Area: 2,844
  • Gross Building Area: 5,506
  • Building Area: 2,844
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,844
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000586
  • 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:0009 L:000109
  • Lot: 109
  • Municipality: LEXINGTON
  • Latitude: 42.4197
  • Longitude: -71.2168

    Address

  • Full Address: 4 Barrett Rd
  • Address - House Number: 4
  • Address - Street Name: Barrett
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C032
  • 4-Digit Zip Code: 6132
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,677,000

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 1,635,137
  • High Value: 1,901,003
  • Low Value: 1,369,271

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,290,000
  • Assessed Land Value: $678,000
  • Assessed Improvements Value: $612,000

    Sales

  • Current Sale Contract Date: Oct 03, 2019
  • Current Sale Recording Date: Nov 15, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1828798
  • Previous Sale Recording Date: Jan 05, 2009
  • Previous Sale Amount: $775,000
  • Previous Sale Document Type: 48

    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 Follen Heights

Stats & Trends

Median Asking:

$1,379,000

Sale Price/ft²

$529

Below Asking

0.02%

Average Days on Market

57

Average Home Size

3812 ft²

Average Home Age

52.5 years

Currently For Sale

13 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# 72526796

Frequently Asked Questions

When was property at 4 Barrett Road built and last sold?
The property at 4 Barrett Road was built in 1971 and last sold on Oct 3, 2019 for $975,000.
How much is this home worth?
The estimated value of the home located at 4 Barrett Road is $1,055,955.
What are some comparable homes to 4 Barrett Road?
There are currently no comparable homes to 4 Barrett Road.
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