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Lexington 02420 North Lexington
5 Turning Mill Rd
$700,000
● House - Off Market

5 Turning Mill Rd

Lexington, MA 02420
bedrooms
3 Beds
bathrooms
3 Baths
square feet
3,429 Ft²
$1,342,360
RealtyHop Estimate
97.70%
Since May 1, 2013
MA-Boston
Primary Model

About This Property

Custom-built, quality-engineered, insulated, and meticulously cared for by current owner, this large ranch has 3 bedrooms and 3 full baths. Walk-out lower level with sliders and a fireplace. Oversized 2-car garage. Unique engineered and cost-effective Zell-Aire radiant electric heat, NOT electric baseboard. Huge eat-in kitchen with island and upgraded granite counters, flows around marble stone fireplace to family room. Master suite with dressing room, bath. Very close to new Estabrook school.
Unit Size
3,429 Ft²
Days on Market
-
Land Size
0.58 acres
Price per sqft
$198
Property Type
House
Property Taxes
$687
HOA Dues
-
Year Built
1973

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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 #71477685)

Price History

Date / Event Date Event Price
Apr 26, 2021 Sold
Premium
Sold
Mar 20, 2021 No longer available -
No longer available
Feb 23, 2021 Listed by William Raveis R.E. & Home Services $1,270,000
Listed by William Raveis R.E. & Home Services
Apr 30, 2013 Sold
Premium
Sold
Jan 31, 2013 Listed by William Raveis R.E. & Home Services $679,000
Listed by William Raveis R.E. & Home Services

Property Highlights

Fireplace
Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 42
  • 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: 1,576
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,083
  • Total Building Area: 2,152
  • Gross Building Area: 4,354
  • Building Area: 2,152
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 2,152
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000576
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358700

Zoning

  • Zoning: RO

Geography

  • Parcel: LEXI M:0082 L:000080
  • Lot: 80
  • Municipality: LEXINGTON
  • Latitude: 42.4744
  • Longitude: -71.2329

    Address

  • Full Address: 5 Turning Mill Rd
  • Address - House Number: 5
  • Address - Street Name: Turning Mill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C011
  • 4-Digit Zip Code: 1313
  • Zip Code: 02420

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,443,000

    Appraisal Valuation

  • Standard Deviation: 0.1775
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,452,881
  • High Value: 1,710,815
  • Low Value: 1,194,947

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,110,000
  • Assessed Land Value: $530,000
  • Assessed Improvements Value: $580,000

    Sales

  • Current Sale Contract Date: Apr 23, 2021
  • Current Sale Recording Date: Apr 26, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 92790
  • Previous Sale Recording Date: Apr 30, 2013
  • Previous Sale Amount: $700,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71477685

Frequently Asked Questions

When was property at 5 Turning Mill Road built and last sold?
The property at 5 Turning Mill Road was built in 1973 and last sold on Apr 23, 2021 for $1,175,000.
How much is this home worth?
The estimated value of the home located at 5 Turning Mill Road is $1,300,717.
What are some comparable homes to 5 Turning Mill Road?
There are currently no comparable homes to 5 Turning Mill Road.
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