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Lexington 02421 Follen Heights
4 Lantern Ln
$1,550,000
● House - Off Market

4 Lantern Ln

Lexington, MA 02421
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,214 Ft²
$1,489,494
RealtyHop Estimate
7.23%
Since Dec 1, 2022
MA-Boston
Primary Model

About This Property

Make this contemporary and comfortable California ranch your next home! With 3 bedrooms and 3 baths, this home's open floor plan is perfect for all your living needs. The recently updated, modern kitchen is the ideal venue for large gatherings and entertaining. The extra large windows provide great sunlight throughout the day and carry the natural elements from the expansive patio and yard into the house. The contemporary design continues throughout the home, including an inviting dry bar, dining room, and open living room. Located in the sought after Follen Hill neighborhood, convenient to the highly renowned Lexington schools, Community Center, Upper Vine Brook Park, Minuteman Bikeway, and Great Meadows Trails. You will be spoiled by the easy access to major highways and Boston. Don't miss this extra special home!
Unit Size
3,214 Ft²
Days on Market
-
Land Size
0.54 acres
Price per sqft
$432
Property Type
House
Property Taxes
$1,461
HOA Dues
-
Year Built
1960

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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 #73047915)

Price History

Date / Event Date Event Price
Nov 30, 2022 Sold
Premium
Sold
Oct 19, 2022 In contract -
In contract
Oct 13, 2022 Listed by Compass $1,389,000
Listed by Compass
Oct 21, 1992 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,468
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,776
  • Total Building Area: 2,196
  • Gross Building Area: 4,024
  • Building Area: 2,196
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,196
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000546
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358100

Zoning

  • Zoning: RS

Geography

  • Parcel: LEXI M:0022 L:000184
  • Lot: 184
  • Municipality: LEXINGTON
  • Latitude: 42.4279
  • Longitude: -71.2161

    Address

  • Full Address: 4 Lantern Ln
  • Address - House Number: 4
  • Address - Street Name: Lantern
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lexington
  • Carrier Code: C032
  • 4-Digit Zip Code: 6005
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,849,900
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1783
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 76
  • Final Value: 1,598,537
  • High Value: 1,883,664
  • Low Value: 1,313,409

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,423,000
  • Assessed Land Value: $840,000
  • Assessed Improvements Value: $583,000

    Sales

  • Current Sale Contract Date: Nov 30, 2022
  • Current Sale Recording Date: Nov 30, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1928122
  • Previous Sale Recording Date: Aug 19, 2009
  • 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# 73047915

Frequently Asked Questions

When was property at 4 Lantern Lane built and last sold?
The property at 4 Lantern Lane was built in 1960 and last sold on Nov 30, 2022 for $1,550,000.
How much is this home worth?
The estimated value of the home located at 4 Lantern Lane is $1,434,558.
What are some comparable homes to 4 Lantern Lane?
There are currently no comparable homes to 4 Lantern Lane.
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