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Lexington 02421 Prospect Hill
415 Marrett Rd
$760,000
● House - Off Market

415 Marrett Rd

Lexington, MA 02421
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,383 Ft²
$783,631
RealtyHop Estimate
4.48%
Since Sep 1, 2022
MA-Boston
Primary Model

About This Property

Renovated charming 3 bedroom and 2 full bathroom ranch at a great location with walking distance to top-rated Bridge, Clarke and Lexington High schools, "The Old Reservoir", town center and parks, and easy access to highways Route 2 and 95/128 and 62/76 bus stop for commuters. This home features fresh painting, refinished hardwood floor, new kitchen countertop and improved driveway. The 1st floor has living room, dining room, 2 good sized bedrooms, kitchen and a full bath. The lower level has an en suite with walk-in closet and family room. The large backyard and deck are ideal for summer entertainment. This makes an ideal starter home in a very desirable historic town. Just Move-in!
Unit Size
1,383 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$542
Property Type
House
Property Taxes
$674
HOA Dues
-
Year Built
1952

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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 #72997956)

Price History

Date / Event Date Event Price
Aug 12, 2022 Sold
Premium
Sold
Jun 15, 2022 Listed by Lexwin Realty $750,000
Listed by Lexwin Realty
Jun 18, 2004 Sold
Premium
Sold
Apr 13, 2004 Listed by Lexwin Realty $399,900
Listed by Lexwin Realty
Mar 23, 2001 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 792
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,655
  • Total Building Area: 873
  • Gross Building Area: 1,821
  • Building Area: 873
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 873
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000222
  • 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:000106
  • Lot: 106
  • Municipality: LEXINGTON
  • Latitude: 42.4345
  • Longitude: -71.2413

    Address

  • Full Address: 415 Marrett Rd
  • Address - House Number: 415
  • 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: $846,300
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1563
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 833,619
  • High Value: 963,937
  • Low Value: 703,302

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $651,000
  • Assessed Land Value: $484,000
  • Assessed Improvements Value: $167,000

    Sales

  • Current Sale Contract Date: Aug 12, 2022
  • Current Sale Recording Date: Aug 12, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 124439
  • Previous Sale Recording Date: Jun 18, 2004
  • Previous Sale Amount: $417,000
  • Previous Sale Document Type: 27

    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 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72997956

Frequently Asked Questions

When was property at 415 Marrett Road built and last sold?
The property at 415 Marrett Road was built in 1952 and last sold on Aug 12, 2022 for $760,000.
How much is this home worth?
The estimated value of the home located at 415 Marrett Road is $765,726.
What are some comparable homes to 415 Marrett Road?
There are currently no comparable homes to 415 Marrett Road.
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