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Lexington 02420 North Lexington
51 Eldred Street
$852,000
● House - Off Market

51 Eldred Street

Lexington, MA 02420
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,285 Ft²
$4,652
Est. Monthly

About This Property

OFFER DEADLINE IS TUES 2/20 BY 10 AM, FIRM DEADLINE. NO ESCALATION CLAUSE. Amazing Lexington rehab opportunity! Located in an established neighborhood within a short walk to the Estabrook Elementary School.  Featuring 4 bedrooms, office/bedroom, 2 baths, 2 car garage, and a level 33,484 SF lot. The flexible floor plan has hardwood floors on the main level and a porch off the kitchen overlooking the private grounds. House is being sold "As Is". Buyer to do due diligence.
Unit Size
2,285 Ft²
Days on Market
-
Land Size
0.77 acres
Price per sqft
$317
Property Type
House
Property Taxes
$1,091
HOA Dues
-
Year Built
1964

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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 #73202406)

Price History

Date / Event Date Event Price
Mar 28, 2024 Sold
Premium
Sold
Feb 21, 2024 In contract -
In contract
Feb 14, 2024 Listed by Barrett Sotheby's International Realty $725,000
Listed by Barrett Sotheby's International Realty
Jul 1, 1977 Sold
Premium
Sold

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 100
  • Garage Type: 7
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 33,484
  • Total Building Area: 1,215
  • Gross Building Area: 3,029
  • Building Area: 1,215
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,215
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000769
  • 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:0083 L:000119
  • Lot: 119
  • Municipality: LEXINGTON
  • Latitude: 42.4763
  • Longitude: -71.2424

    Address

  • Full Address: 51 Eldred St
  • Address - House Number: 51
  • Address - Street Name: Eldred
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lexington
  • Carrier Code: C022
  • 4-Digit Zip Code: 1439
  • Zip Code: 02420

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,246,700

    Appraisal Valuation

  • Standard Deviation: 0.0778
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 94
  • Final Value: 745,215
  • High Value: 803,210
  • Low Value: 687,220

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $959,000
  • Assessed Land Value: $661,000
  • Assessed Improvements Value: $298,000

    Sales

  • Current Sale Contract Date: Mar 18, 2024
  • Current Sale Recording Date: Mar 28, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1954082
  • Previous Sale Recording Date: Jul 01, 1977
  • Previous Sale Amount: $64,000
  • 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73202406

Frequently Asked Questions

When was property at 51 Eldred Street built and last sold?
The property at 51 Eldred Street was built in 1964 and last sold on Mar 18, 2024 for $852,000.
How much is this home worth?
The estimated value of the home located at 51 Eldred Street is $773,052.
What are some comparable homes to 51 Eldred Street?
There are currently no comparable homes to 51 Eldred Street.
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