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Lexington 02420 Follen Heights
5 Spencer Street
Photo of 5 Spencer Street
Sold on Nov 1, 2011

1

Map

$460,000
● House - Off Market

5 Spencer Street

Lexington, MA 02420
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,436 Ft²
$926,846
RealtyHop Estimate
115.55%
Since Dec 1, 2011
MA-Boston
Primary Model

About This Property

This classic three bedroom Colonial located on a quiet side street offers plenty of natural lighting and charm, including a deck, three season porch, hardwood flooring and fresh interior paint. A bonus third floor can be used as home office. Spacious back yard and easy access to the Minuteman Pike Bath - perfect for bike enthusiasts and commuters heading to Alewife. Bus stop is also nearby on Massachusetts Avenue.
Unit Size
1,436 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$299
Property Type
House
Property Taxes
$561
HOA Dues
-
Year Built
1924

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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: 2 months ago (MLSPIN #71291446)

Price History

Date / Event Date Event Price
Nov 1, 2011 Sold
Premium
Sold
Sep 23, 2011 Listed by The Higgins Group REALTORS® $430,000
Listed by The Higgins Group REALTORS®
Jan 12, 2001 Sold
Premium
Sold
Oct 25, 2000 Listed by The Higgins Group REALTORS® $399,900
Listed by The Higgins Group REALTORS®

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1924
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 19
  • 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: 963
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,569
  • Total Building Area: 2,257
  • Gross Building Area: 3,984
  • Building Area: 2,257
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,257
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000128
  • 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:0022 L:000004
  • Lot: 4
  • Municipality: LEXINGTON
  • Latitude: 42.433
  • Longitude: -71.2071

    Address

  • Full Address: 5 Spencer St
  • Address - House Number: 5
  • Address - Street Name: Spencer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lexington
  • Carrier Code: C023
  • 4-Digit Zip Code: 3912
  • Zip Code: 02420

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,216,800

    Appraisal Valuation

  • Standard Deviation: 0.1775
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,270,877
  • High Value: 1,496,499
  • Low Value: 1,045,255

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $936,000
  • Assessed Land Value: $524,000
  • Assessed Improvements Value: $412,000

    Sales

  • Current Sale Recording Date: Nov 01, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00000019
  • Previous Sale Recording Date: Jan 12, 2001
  • Previous Sale Amount: $399,900
  • 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 Follen Heights

Stats & Trends

Median Asking:

$1,400,000

Sale Price/ft²

$526

Below Asking

0.02%

Average Days on Market

58

Average Home Size

4018 ft²

Average Home Age

49.8 years

Currently For Sale

10 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: 2 months ago
Data Source: MLS PIN, MLS# 71291446

Frequently Asked Questions

When was property at 5 Spencer Street built and last sold?
The property at 5 Spencer Street was built in 1924 and last sold on Jan 1, 1970 for $460,000.
How much is this home worth?
The estimated value of the home located at 5 Spencer Street is $461,311.
What are some comparable homes to 5 Spencer Street?
There are currently no comparable homes to 5 Spencer Street.
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