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Lexington 02420 North Lexington
40 Preston Road
Photo of 40 Preston Road
Sold on Oct 5, 2009

1

Map

$656,500
● House - Off Market

40 Preston Road

Lexington, MA 02420
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,116 Ft²
$1,432,545
RealtyHop Estimate
107.92%
Since Nov 1, 2009
MA-Boston
Primary Model

About This Property

Sparkling vintage Classic Colonial with all that implies: newly finished hwfls, 8/8 windows, crown molding, solid paneled doors, fireplace and gracious size rooms. Many judicious updates include roof, furnace, insulation, and 1980's wing incl. 1st fl mahogany bookshelf library, 2nd fl studies off bedrooms. The Manor location is hard to beat: side street, near Kineen Park, easy access to highway, bike path, public transportation. Ideal home for those who appreciate understated charm and quality.
Unit Size
2,116 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$326
Property Type
House
Property Taxes
$650
HOA Dues
-
Year Built
1938

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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 #70886080)

Price History

Date / Event Date Event Price
Jul 20, 2018 Sold
Premium
Sold
Oct 5, 2009 Sold
Premium
Sold
Mar 10, 2009 Listed $689,000
Listed

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1938
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 770
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,480
  • Total Building Area: 2,152
  • Gross Building Area: 3,223
  • Building Area: 2,152
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,152
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000218
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358600

Zoning

  • Zoning: RS

Geography

  • Parcel: LEXI M:0077 L:000113
  • Lot: 113
  • Municipality: LEXINGTON
  • Latitude: 42.4679
  • Longitude: -71.2343

    Address

  • Full Address: 40 Preston Rd
  • Address - House Number: 40
  • Address - Street Name: Preston
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C019
  • 4-Digit Zip Code: 1619
  • Zip Code: 02420

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,580,800
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 1,516,530
  • High Value: 1,763,112
  • Low Value: 1,269,949

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,216,000
  • Assessed Land Value: $699,000
  • Assessed Improvements Value: $517,000

    Sales

  • Current Sale Recording Date: Jul 20, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 109332
  • Previous Sale Recording Date: Oct 05, 2009
  • Previous Sale Amount: $656,500
  • 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 North Lexington

Stats & Trends

Median Asking:

$1,639,500

Sale Price/ft²

$561

Below Asking

0.02%

Average Days on Market

63

Average Home Size

3578 ft²

Average Home Age

45.6 years

Currently For Sale

28 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# 70886080

Frequently Asked Questions

When was property at 40 Preston Road built and last sold?
The property at 40 Preston Road was built in 1938 and last sold on Jan 1, 1970 for $880,000.
How much is this home worth?
The estimated value of the home located at 40 Preston Road is $725,979.
What are some comparable homes to 40 Preston Road?
There are currently no comparable homes to 40 Preston Road.
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