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Lexington 02421 North Lexington
5 Patterson Road
$795,000
● House - Off Market

5 Patterson Road

Lexington, MA 02421
bedrooms
6 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,133 Ft²
$1,747,485
RealtyHop Estimate
108.28%
Since Nov 1, 2012
MA-Boston
Primary Model

About This Property

RECENTLY RENOVATED, light & bright with an open floor plan. Spacious Colonial offering 6 bedrooms, 3.5 baths and a large family room w high ceilings & fireplace. Granite kitchen, glazed cabinetry, jacuzzi tub, large lower level playroom & attached direct-entry 2 car garage. Fresh paint and new roof. Quick close possible for buyers looking to be settled before the new school year starts. MBTA bus stop near by.
Unit Size
3,133 Ft²
Days on Market
-
Land Size
0.89 acres
Price per sqft
$268
Property Type
House
Property Taxes
$883
HOA Dues
-
Year Built
1952

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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 #71414569)

Price History

Date / Event Date Event Price
Oct 2, 2012 Sold
Premium
Sold
Jul 26, 2012 Listed by Coldwell Banker Residential Brokerage - Lexington $839,000
Listed by Coldwell Banker Residential Brokerage - Lexington
Aug 16, 2000 Sold
Premium
Sold
Apr 12, 2000 Listed by Coldwell Banker Residential Brokerage - Lexington $399,000
Listed by Coldwell Banker Residential Brokerage - Lexington

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 6
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,494
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 38,712
  • Total Building Area: 3,473
  • Gross Building Area: 5,751
  • Building Area: 3,473
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,473
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000889
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358600

Zoning

  • Zoning: RO

Geography

  • Parcel: LEXI M:0059 L:00114A
  • Lot: 114A
  • Municipality: LEXINGTON
  • Latitude: 42.4516
  • Longitude: -71.2572

    Address

  • Full Address: 5 Patterson Rd
  • Address - House Number: 5
  • Address - Street Name: Patterson
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C040
  • 4-Digit Zip Code: 6407
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,623,700

    Appraisal Valuation

  • Standard Deviation: 0.1573
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,588,240
  • High Value: 1,838,196
  • Low Value: 1,338,284

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,249,000
  • Assessed Land Value: $532,000
  • Assessed Improvements Value: $717,000

    Sales

  • Current Sale Recording Date: Oct 02, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000021
  • Previous Sale Recording Date: Aug 16, 2000
  • Previous Sale Amount: $405,000
  • 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 North Lexington

Stats & Trends

Median Asking:

$1,600,000

Sale Price/ft²

$561

Below Asking

0.02%

Average Days on Market

63

Average Home Size

3612 ft²

Average Home Age

45.5 years

Currently For Sale

27 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# 71414569

Frequently Asked Questions

When was property at 5 Patterson Road built and last sold?
The property at 5 Patterson Road was built in 1952 and last sold on Jan 1, 1970 for $795,000.
How much is this home worth?
The estimated value of the home located at 5 Patterson Road is $846,239.
What are some comparable homes to 5 Patterson Road?
There are currently no comparable homes to 5 Patterson Road.
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