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Lexington 02421 Lexington Town Center
48 Forest St
$830,000
● House - Off Market

48 Forest St

Lexington, MA 02421
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,572 Ft²
$1,257,494
RealtyHop Estimate
48.11%
Since Jul 1, 2018
MA-Boston
Primary Model

About This Property

Unbeatable location in Lexington Center. One block from the historic Battle Green and all the amenities. A sweet home with good bone and space awaiting your imagination and TLC. Large Living Room with a fireplace; finished 3rd floor has separate entrance and can be used as a In-Law suite. Basement has one half-bath and high ceiling with potential to turn into a living space. Level yard and one car garage.
Unit Size
1,572 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$540
Property Type
House
Property Taxes
$983
HOA Dues
-
Year Built
1927

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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 #72300219)

Price History

Date / Event Date Event Price
Jun 27, 2018 Sold
Premium
Sold
Mar 30, 2018 Listed by Castles Unlimited® $849,000
Listed by Castles Unlimited®
Sep 23, 1985 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1927
  • Effective Year Built: 1927
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 2
  • 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: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 734
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,258
  • Total Building Area: 1,572
  • Gross Building Area: 3,058
  • Building Area: 1,572
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,572
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000144
  • 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:0049 L:000139
  • Lot: 139
  • Municipality: LEXINGTON
  • Latitude: 42.4478
  • Longitude: -71.2335

    Address

  • Full Address: 48 Forest St
  • Address - House Number: 48
  • Address - Street Name: Forest
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lexington
  • Carrier Code: C039
  • 4-Digit Zip Code: 4924
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,328,600
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1599
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 80
  • Final Value: 1,277,857
  • High Value: 1,482,259
  • Low Value: 1,073,456

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,022,000
  • Assessed Land Value: $824,000
  • Assessed Improvements Value: $198,000

    Sales

  • Current Sale Recording Date: Jun 27, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 93068
  • Previous Sale Recording Date: Sep 23, 1985
  • Previous Sale Amount: $230,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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 Lexington Town Center

Stats & Trends

Median Asking:

$1,999,500

Sale Price/ft²

$599

Below Asking

0.01%

Average Days on Market

74

Average Home Size

4203 ft²

Average Home Age

80 years

Currently For Sale

25 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# 72300219

Frequently Asked Questions

When was property at 48 Forest Street built and last sold?
The property at 48 Forest Street was built in 1927 and last sold on Jan 1, 1970 for $830,000.
How much is this home worth?
The estimated value of the home located at 48 Forest Street is $863,669.
What are some comparable homes to 48 Forest Street?
There are currently no comparable homes to 48 Forest Street.
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