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Lexington 02421 Lexington Town Center
5 Sherburne Road
$704,500
● House - Off Market

5 Sherburne Road

Lexington, MA 02421
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,656 Ft²
$1,640,140
RealtyHop Estimate
115.84%
Since Nov 1, 2002
MA-Boston
Primary Model

About This Property

IN THE HEART OF LEX DESIR NGHBRD EXCITING ARCHITECTURALLY REDESIGNED + REMOD HOME. OPEN AIRY FEEL - VAST AMTS OF NATURAL LIGHT- LR HAS HIGH CEIL CLERESTORY WINDOWS, WALK-IN BAY OVERSZ WINDOWS, GLEAM HW FLRS - RECESS LIGHT, FORM DR
Unit Size
1,656 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$459
Property Type
House
Property Taxes
$462
HOA Dues
-
Year Built
1947

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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 #30616820)

Price History

Date / Event Date Event Price
Sep 8, 2020 Sold
Premium
Sold
Oct 2, 2002 Sold
Premium
Sold
Jun 14, 2002 Listed by Carlson GMAC Real Estate $759,900
Listed by Carlson GMAC Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 1,051
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,371
  • Total Building Area: 1,649
  • Gross Building Area: 3,192
  • Building Area: 1,649
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,649
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN 9469M
  • Land Acres: 0000000376
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358400

Zoning

  • Zoning: RS

Geography

  • Parcel: LEXI M:0048 L:00066A
  • Lot: 66A
  • Municipality: LEXINGTON
  • Latitude: 42.4447
  • Longitude: -71.2258

    Address

  • Full Address: 5 Sherburne Rd
  • Address - House Number: 5
  • Address - Street Name: Sherburne
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C004
  • 4-Digit Zip Code: 5513
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,613,300
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,456,988
  • High Value: 1,715,213
  • Low Value: 1,198,764

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,241,000
  • Assessed Land Value: $933,000
  • Assessed Improvements Value: $308,000

    Sales

  • Current Sale Contract Date: Aug 28, 2020
  • Current Sale Recording Date: Sep 08, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1852693
  • Previous Sale Recording Date: Oct 02, 2002
  • Previous Sale Amount: $704,500
  • Previous Sale Document Type: 48
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:

$2,075,000

Sale Price/ft²

$597

Below Asking

0.01%

Average Days on Market

74

Average Home Size

4006 ft²

Average Home Age

77 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 30616820

Frequently Asked Questions

When was property at 5 Sherburne Road built and last sold?
The property at 5 Sherburne Road was built in 1947 and last sold on Aug 28, 2020 for $1,025,000.
How much is this home worth?
The estimated value of the home located at 5 Sherburne Road is $777,435.
What are some comparable homes to 5 Sherburne Road?
There are currently no comparable homes to 5 Sherburne Road.
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