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Lexington 02421 Five Fields
497 Concord Ave
Photo of 497 Concord Ave
Sold on Mar 9, 2011

1

Map

$445,000
● House - Off Market

497 Concord Ave

Lexington, MA 02421
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,454 Ft²
$1,055,846
RealtyHop Estimate
117.70%
Since Apr 1, 2011
MA-Boston
Primary Model

About This Property

Short Sale is APPROVED!  Enjoy the pastoral beauty of this idyllic  2.17 acre level lot!  Imagine your own custom new construction on this private lot or enjoy this existing charming cape.  Features include abundant natural light, fireplaced living room, eat in kitchen with cathedral ceiling and skylight, formal dining room, first floor Master Bedroom with cathedral ceiling, walk in closet and sliders to a large deck overlooking the spacious yard. Call for an appointment.
Unit Size
1,454 Ft²
Days on Market
-
Land Size
2.17 acres
Price per sqft
$334
Property Type
House
Property Taxes
$538
HOA Dues
-
Year Built
1948

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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: 8 months ago (MLSPIN #71032460)

Price History

Date / Event Date Event Price
Jul 3, 2019 Sold
Premium
Sold
Mar 10, 2011 Sold
Premium
Sold
Feb 12, 2010 Listed by Exit Homestead Realty $485,000
Listed by Exit Homestead Realty

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 7
  • Basement Area: 792
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 94,468
  • Total Building Area: 1,610
  • Gross Building Area: 2,858
  • Building Area: 1,610
  • Building Area Measurement: T

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,652
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: E
  • Land Acres: 0000002169
  • Standard Land Use Code: 9203
  • County Land Use Code: 940

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358300

Zoning

  • Zoning: RO

Geography

  • Parcel: LEXI M:0011 L:000031
  • Lot: 31
  • Municipality: LEXINGTON
  • Latitude: 42.4214
  • Longitude: -71.2401

    Address

  • Full Address: 497 Concord Ave
  • Address - House Number: 497
  • Address - Street Name: Concord
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lexington
  • Carrier Code: C009
  • 4-Digit Zip Code: 8029
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2021
  • Tax Amount: $1,121,000
  • Initial Tax Delinquent Year: 2022

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,054,000
  • Assessed Land Value: $704,000
  • Assessed Improvements Value: $350,000

    Sales

  • Current Sale Contract Date: Jun 05, 2019
  • Current Sale Recording Date: Jul 03, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 94823
  • Previous Sale Recording Date: Mar 10, 2011
  • Previous Sale Amount: $445,000
  • 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 Five Fields

Stats & Trends

Median Asking:

$2,220,000

Sale Price/ft²

$554

Below Asking

0.02%

Average Days on Market

64

Average Home Size

3904 ft²

Average Home Age

29 years

Currently For Sale

1 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

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Last Updated: 8 months ago
Data Source: MLS PIN, MLS# 71032460

Frequently Asked Questions

When was property at 497 Concord Turnpike built and last sold?
The property at 497 Concord Turnpike was built in 1948 and last sold on Jun 5, 2019 for $975,000.
How much is this home worth?
The estimated value of the home located at 497 Concord Turnpike is $0.
What are some comparable homes to 497 Concord Turnpike?
There are currently no comparable homes to 497 Concord Turnpike.
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