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Lexington 02421 Prospect Hill
44 Downing Rd
$1,280,000
● House - Off Market

44 Downing Rd

Lexington, MA 02421
bedrooms
4 Beds
bathrooms
3 Baths, 2 Half Baths
square feet
2,632 Ft²
$1,395,451
RealtyHop Estimate
16.48%
Since Jun 1, 2021
MA-Boston
Primary Model

About This Property

Ideal location in Lexington! Inviting and sun-soaked, this home is the perfect place to gather. The heart of the house is the beautiful family room addition with unique high ceilings, complete with large windows and glass sliding doors that lead out to a spectacular yard. The outdoors were meant for entertaining with a recently built porch leading out to a beautiful deck in the backyard- perfect for enjoying the lovely spring and summer weather. There is a finished lower level ideal for gym/playroom/music room. Two car garage, and spacious laundry room. Many recent upgrades including new baths (2021), fresh paint (2021), new carpet in lower level (2021). Bridge School elementary, and a short distance from Lexington center. Not to be missed!
Unit Size
2,632 Ft²
Days on Market
-
Land Size
0.47 acres
Price per sqft
$455
Property Type
House
Property Taxes
$1,136
HOA Dues
-
Year Built
1974

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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: 5 years ago (MLSPIN #72802792)

Price History

Date / Event Date Event Price
May 14, 2021 Sold
Premium
Sold
Mar 24, 2021 Listed by Phoenix Real Estate $1,198,000
Listed by Phoenix Real Estate
Aug 1, 1997 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 896
  • Garage Type: 7
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,292
  • Total Building Area: 2,353
  • Gross Building Area: 4,366
  • Building Area: 2,353
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,353
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000466
  • 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:000117
  • Lot: 117
  • Municipality: LEXINGTON
  • Latitude: 42.4361
  • Longitude: -71.2422

    Address

  • Full Address: 44 Downing Rd
  • Address - House Number: 44
  • Address - Street Name: Downing
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C021
  • 4-Digit Zip Code: 6919
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,545,700

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,545,451
  • High Value: 1,819,353
  • Low Value: 1,271,548

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,189,000
  • Assessed Land Value: $773,000
  • Assessed Improvements Value: $416,000

    Sales

  • Current Sale Contract Date: May 14, 2021
  • Current Sale Recording Date: May 14, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 110807
  • Previous Sale Recording Date: Aug 01, 1997
  • Previous Sale Amount: $380,000
  • 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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72802792

Frequently Asked Questions

When was property at 44 Downing Road built and last sold?
The property at 44 Downing Road was built in 1974 and last sold on May 14, 2021 for $1,280,000.
How much is this home worth?
The estimated value of the home located at 44 Downing Road is $0.
What are some comparable homes to 44 Downing Road?
There are currently no comparable homes to 44 Downing Road.
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