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Lexington 02420 Lexington Town Center
49 Somerset Road
$1,469,000
● House - Off Market

49 Somerset Road

Lexington, MA 02420
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
4,040 Ft²
$2,840,563
RealtyHop Estimate
90.77%
Since Jan 1, 2014
MA-Boston
Primary Model

About This Property

Just off Lexington Center. Hollywood Deco meets Meriam Hill Style. Prominently sited on an incredibly private lot. Featuring elegant rooms with a livable open floor plan. Finely crafted details, hallmarks of an earlier glamorous era. Welcoming foyer, dramatic step down fireplaced living room, spacious kitchen, and unheated glass solarium.  Private first floor bedroom and a mahogany paneled study complete the first floor.  Upstairs there are three generously proportioned bedrooms and ample storage. Finished lower level with fireplaced family/home theater, kitchenette and game room. A home perfect for 4-season entertaining!
Unit Size
4,040 Ft²
Days on Market
-
Land Size
0.42 acres
Price per sqft
$369
Property Type
House
Property Taxes
$1,189
HOA Dues
-
Year Built
1949

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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 months ago (MLSPIN #71598284)

Price History

Date / Event Date Event Price
Dec 20, 2013 Sold
Premium
Sold
Oct 17, 2013 Listed by Grant B. Cole, REALTORS®, Inc $1,489,000
Listed by Grant B. Cole, REALTORS®, Inc
Apr 8, 1991 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • 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: 9
  • Basement Area: 511
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,189
  • Total Building Area: 2,775
  • Gross Building Area: 4,105
  • Building Area: 2,775
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,775
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000418
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358700

Zoning

  • Zoning: RS

Geography

  • Parcel: LEXI M:0056 L:000095
  • Lot: 95
  • Municipality: LEXINGTON
  • Latitude: 42.4529
  • Longitude: -71.2252

    Address

  • Full Address: 49 Somerset Rd
  • Address - House Number: 49
  • Address - Street Name: Somerset
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C038
  • 4-Digit Zip Code: 3519
  • Zip Code: 02420

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,095,600

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 1,951,140
  • High Value: 2,268,387
  • Low Value: 1,633,894

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,612,000
  • Assessed Land Value: $941,000
  • Assessed Improvements Value: $671,000

    Sales

  • Current Sale Recording Date: Dec 20, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 259847
  • Previous Sale Recording Date: Apr 08, 1991
  • Previous Sale Amount: $279,000
  • 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 Lexington Town Center

Stats & Trends

Median Asking:

$2,199,000

Sale Price/ft²

$597

Below Asking

0.01%

Average Days on Market

73

Average Home Size

3673 ft²

Average Home Age

75.8 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: 5 months ago
Data Source: MLS PIN, MLS# 71598284

Frequently Asked Questions

When was property at 49 Somerset Road built and last sold?
The property at 49 Somerset Road was built in 1949 and last sold on Jan 1, 1970 for $1,469,000.
How much is this home worth?
The estimated value of the home located at 49 Somerset Road is $1,504,972.
What are some comparable homes to 49 Somerset Road?
There are currently no comparable homes to 49 Somerset Road.
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