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Lexington 02420 Lexington Town Center
5 Colony Road
$975,000
● House - Off Market

5 Colony Road

Lexington, MA 02420
bedrooms
5 Beds
bathrooms
3 Baths
square feet
3,881 Ft²
$1,783,491
RealtyHop Estimate
79.25%
Since May 1, 2006
MA-Boston
Primary Model

About This Property

MERRIAM HILL! SPACIOUS LIVING IN A TOP LOCATION- STROLL TO SCHOOLS, CENTER, CONSERVATION AND RECREATION AREAS. A FANTASTIC FLOORPLAN FOR THOSE WITH EXTENDED FAMILY, VISITORS OR AU-APAIR. CUSTOM BUILT  BY STOICO WITH A CUSTANCE BROTHERS FAMILY ROOM ADDITION.
Unit Size
3,881 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$256
Property Type
House
Property Taxes
$954
HOA Dues
-
Year Built
1962

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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 #70232932)

Price History

Date / Event Date Event Price
Apr 14, 2006 Sold
Premium
Sold
Jul 29, 2005 Listed by Lester E. Savage, Real Estate $995,000
Listed by Lester E. Savage, Real Estate
Sep 26, 2000 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • 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: 756
  • Garage Type: 7
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,500
  • Total Building Area: 2,490
  • Gross Building Area: 5,260
  • Building Area: 2,490
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,490
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000356
  • 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:0055 L:000023
  • Lot: 23
  • Municipality: LEXINGTON
  • Latitude: 42.4552
  • Longitude: -71.2201

    Address

  • Full Address: 5 Colony Rd
  • Address - House Number: 5
  • Address - Street Name: Colony
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C038
  • 4-Digit Zip Code: 2003
  • Zip Code: 02420

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,777,100

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 1,700,764
  • High Value: 1,977,301
  • Low Value: 1,424,227

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,367,000
  • Assessed Land Value: $755,000
  • Assessed Improvements Value: $612,000

    Sales

  • Current Sale Recording Date: Apr 14, 2006
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00066934
  • Previous Sale Recording Date: Sep 26, 2000
  • Previous Sale Amount: $885,000
  • 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:

$1,999,500

Sale Price/ft²

$599

Below Asking

0.01%

Average Days on Market

74

Average Home Size

4287 ft²

Average Home Age

80.5 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# 70232932

Frequently Asked Questions

When was property at 5 Colony Road built and last sold?
The property at 5 Colony Road was built in 1962 and last sold on Jan 1, 1970 for $975,000.
How much is this home worth?
The estimated value of the home located at 5 Colony Road is $1,004,324.
What are some comparable homes to 5 Colony Road?
There are currently no comparable homes to 5 Colony Road.
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