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Lexington 02421 Prospect Hill
43 Fair Oaks Dr
Photo of 43 Fair Oaks Dr
Sold on Aug 21, 2025

25

Map

Photo of 43 Fair Oaks Dr
Photo of 43 Fair Oaks Dr
$1,150,000
● House - Off Market

43 Fair Oaks Dr

Lexington, MA 02421
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,211 Ft²
$7,147
Est. Monthly
2.59%
Cap Rate

About This Property

Exceptional Opportunity in Lexington. Nestled in a highly sought-after neighborhood, this Expanded Ranch offers charm, convenience and lots of possibilities. The Main Level boasts a spacious, fireplaced Living Room with a vaulted ceiling and skylight, Kitchen with dining area, a formal Dining Room, three generously sized Bedrooms and two Full Baths plus a stunning Sunroom/Family Room addition with sliding doors offering picturesque views of the private and scenic backyard. The Lower Level provides additional living space, including a Home Office and a versatile Workroom/Playroom with sink and a dedicated heat zone. Additional highlights include an attached Garage, Central Air conditioning and a prime location just moments from top-rated Schools and all that Lexington has to offer !
Unit Size
2,211 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$542
Property Type
House
Property Taxes
$1,260
HOA Dues
-
Year Built
1950

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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: 2 years ago (MLSPIN #73385044)

Price History

Date / Event Date Event Price
Aug 21, 2025 Sold
Premium
Sold
Jul 3, 2025 In contract -
In contract
Jun 27, 2025 Price Decreased $1,199,000
↓ $50K (4%)
Price Decreased
Jun 13, 2025 Price Decreased $1,249,000
↓ $50K (3.9%)
Price Decreased
Jun 4, 2025 Listed by Coldwell Banker Realty - Lexington $1,299,000
Listed by Coldwell Banker Realty - Lexington

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 1,904
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,715
  • Total Building Area: 2,014
  • Gross Building Area: 4,331
  • Building Area: 2,014
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,014
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000223
  • 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:0041 L:000033
  • Lot: 33
  • Municipality: LEXINGTON
  • Latitude: 42.4391
  • Longitude: -71.2373

    Address

  • Full Address: 43 Fair Oaks Dr
  • Address - House Number: 43
  • Address - Street Name: Fair Oaks
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Lexington
  • Carrier Code: C021
  • 4-Digit Zip Code: 6931
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,426,100
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 1,420,756
  • High Value: 1,651,764
  • Low Value: 1,189,747

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,097,000
  • Assessed Land Value: $701,000
  • Assessed Improvements Value: $396,000

    Sales

  • Current Sale Recording Date: Apr 12, 2013
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00000007
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:

$1,749,500

Sale Price/ft²

$582

Below Asking

0.01%

Average Days on Market

69

Average Home Size

3928 ft²

Average Home Age

29.5 years

Currently For Sale

6 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

Click here to view more rentals in the neighborhood.
Last Updated: 2 years ago
Data Source: MLS PIN, MLS# 73385044

Frequently Asked Questions

When was property at 43 Fair Oaks Drive built and last sold?
The property at 43 Fair Oaks Drive was built in 1950 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 43 Fair Oaks Drive is $1,226,944.
What are some comparable homes to 43 Fair Oaks Drive?
There are currently no comparable homes to 43 Fair Oaks Drive.
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