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Lexington 02421 Follen Heights
5 Richard Road
Photo of 5 Richard Road
Sold on May 29, 2026

39

Map

Photo of 5 Richard Road
Photo of 5 Richard Road
$1,430,000
● House - Off Market

5 Richard Road

Lexington, MA 02421
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,752 Ft²
$8,441
Est. Monthly

About This Property

Charming Follen Hill Center Entry Colonial featuring a classic through hall, high ceilings, and detailed crown and picture mouldings. The spacious entry opens to a front-to-back fireplaced living room with rear sunroom/ den, and a formal dining room with built-in china cabinets. Kitchen sliders lead to a relaxing mahogany deck with a flagstone patio below. Recent updates include freshly painted interior and exterior, 2025 roof, gleaming hardwood floors, updated electrical service, and a newer heating system. Ideally located near Tower Park, the Lexington Community Center, Minuteman Bikeway, Wilson Farm, Great Meadow, MBTA bus line, and Route 2.
Unit Size
2,752 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$500
Property Type
House
Property Taxes
$1,689
HOA Dues
-
Year Built
1938

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #73507099)

Price History

Date / Event Date Event Price
May 29, 2026 Sold
Premium
Sold
Apr 29, 2026 In contract -
In contract
Apr 24, 2026 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $1,375,000
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1938
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,005
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,295
  • Total Building Area: 2,370
  • Gross Building Area: 4,068
  • Building Area: 2,370
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 2,370
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000213
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358100

Zoning

  • Zoning: RS

Geography

  • Parcel: LEXI M:0030 L:000043
  • Lot: 43
  • Municipality: LEXINGTON
  • Latitude: 42.435
  • Longitude: -71.2127

    Address

  • Full Address: 5 Richard Rd
  • Address - House Number: 5
  • Address - Street Name: Richard
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C029
  • 4-Digit Zip Code: 5812
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,842,100
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.164
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 79
  • Final Value: 1,607,047
  • High Value: 1,870,684
  • Low Value: 1,343,409

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,417,000
  • Assessed Land Value: $772,000
  • Assessed Improvements Value: $645,000
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 Follen Heights

Stats & Trends

Median Asking:

$1,389,000

Sale Price/ft²

$528

Below Asking

0.02%

Average Days on Market

57

Average Home Size

3979 ft²

Average Home Age

40.7 years

Currently For Sale

12 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# 73507099

Frequently Asked Questions

When was property at 5 Richard Road built and last sold?
The property at 5 Richard Road was built in 1938 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 5 Richard Road is $0.
What are some comparable homes to 5 Richard Road?
There are currently no comparable homes to 5 Richard Road.
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