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Lexington 02420 Countryside
5 Locke Lane
Photo of 5 Locke Lane
Sold on May 27, 2009

1

Map

$1,429,000
● House - Off Market

5 Locke Lane

Lexington, MA 02420
bedrooms
5 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
4,750 Ft²
$3,039,863
RealtyHop Estimate
109.65%
Since Jun 1, 2009
MA-Boston
Primary Model

About This Property

New Construction in wonderful Sun Valley neighborhood! Elegant 5 bedroom home with features & amenties throughout! Cherry kitchen w/gas cooktop, granite & stainless Thermador appliances opens to inviting family room with cozy fireplace. Formal living & dining room with rich crown moldings are perfect for entertaining. 4 large bedrooms on the second floor,including gorgeous master bath with marble and soaking tub.Finished 3rd floor completes the home with 2 rooms and a full bath.
Unit Size
4,750 Ft²
Days on Market
-
Land Size
0.68 acres
Price per sqft
$305
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2008

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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 #70862330)

Price History

Date / Event Date Event Price
May 27, 2009 Sold
Premium
Sold
Jan 9, 2009 Listed $1,450,000
Listed
Jun 12, 2008 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 3
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,710
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 29,875
  • Total Building Area: 4,613
  • Gross Building Area: 8,460
  • Building Area: 4,613
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,613
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000686
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358500

Zoning

  • Zoning: RO

Geography

  • Parcel: LEXI M:0037 L:000146
  • Lot: 146
  • Municipality: LEXINGTON
  • Latitude: 42.4409
  • Longitude: -71.1892

    Address

  • Full Address: 5 Locke Ln
  • Address - House Number: 5
  • Address - Street Name: Locke
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lexington
  • Carrier Code: C020
  • 4-Digit Zip Code: 2706
  • Zip Code: 02420

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,740,400

    Appraisal Valuation

  • Standard Deviation: 0.1775
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 2,751,626
  • High Value: 3,240,130
  • Low Value: 2,263,123

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,108,000
  • Assessed Land Value: $831,000
  • Assessed Improvements Value: $1,277,000

    Sales

  • Current Sale Recording Date: May 27, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00095458
  • Previous Sale Recording Date: Jun 12, 2008
  • Previous Sale Amount: $657,000
  • 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 Countryside

Stats & Trends

Median Asking:

$1,562,000

Sale Price/ft²

$539

Below Asking

0.01%

Average Days on Market

64

Average Home Size

4977 ft²

Average Home Age

53.1 years

Currently For Sale

9 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 70862330

Frequently Asked Questions

When was property at 5 Locke Lane built and last sold?
The property at 5 Locke Lane was built in 2008 and last sold on Jan 1, 1970 for $1,429,000.
How much is this home worth?
The estimated value of the home located at 5 Locke Lane is $1,463,962.
What are some comparable homes to 5 Locke Lane?
There are currently no comparable homes to 5 Locke Lane.
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