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Lexington 02420 Pheasant Brook Estates
53 Solomon Pierce Rd
$2,200,000
● House - Off Market

53 Solomon Pierce Rd

Lexington, MA 02420
bedrooms
4 Beds
bathrooms
5 Baths
square feet
4,250 Ft²
$2,267,867
RealtyHop Estimate
13.68%
Since Sep 1, 2021
MA-Boston
Primary Model

About This Property

Pride of ownership shines in this 4 BR home. Thoughtful and well executed upgrades throughout the years have maintained a fresh and new feeling.  A gracious first floor layout is well suited to entertaining or keeping a large family occupied.  An at home office custom built in cherry is secluded from the rest of the first floor.  The gourmet kitchen has been upgraded with stainless appliances and opens directly into the three season porch and ultimately to the expansive deck.  A fully built out lower level has an exercise room and abundant game room / entertainment space, as bonus its a level walk out to the rear yard.
Unit Size
4,250 Ft²
Days on Market
-
Land Size
0.91 acres
Price per sqft
$469
Property Type
House
Property Taxes
$2,034
HOA Dues
-
Year Built
1986

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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 years ago (MLSPIN #72866069)

Price History

Date / Event Date Event Price
Aug 27, 2021 Sold
Premium
Sold
Jul 15, 2021 Listed by Boston Value Realty $1,995,000
Listed by Boston Value Realty

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 2,188
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 39,583
  • Total Building Area: 3,606
  • Gross Building Area: 7,512
  • Building Area: 3,606
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,606
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000909
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358500

Zoning

  • Zoning: RO

Geography

  • Parcel: LEXI M:0047 L:000176
  • Lot: 176
  • Municipality: LEXINGTON
  • Latitude: 42.4454
  • Longitude: -71.2058

    Address

  • Full Address: 53 Solomon Pierce Rd
  • Address - House Number: 53
  • Address - Street Name: Solomon Pierce
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C024
  • 4-Digit Zip Code: 2537
  • Zip Code: 02420

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,574,000

    Appraisal Valuation

  • Standard Deviation: 0.1775
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 2,549,867
  • High Value: 3,002,552
  • Low Value: 2,097,183

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,980,000
  • Assessed Land Value: $840,000
  • Assessed Improvements Value: $1,140,000

    Sales

  • Current Sale Contract Date: Aug 27, 2021
  • Current Sale Recording Date: Aug 27, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 191773

    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 Pheasant Brook Estates

Stats & Trends

Median Asking:

$1,995,000

Sale Price/ft²

$440

Below Asking

0.09%

Average Days on Market

66

Average Home Size

6796 ft²

Average Home Age

32.5 years

Currently For Sale

2 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 years ago
Data Source: MLS PIN, MLS# 72866069

Frequently Asked Questions

When was property at 53 Solomon Pierce Road built and last sold?
The property at 53 Solomon Pierce Road was built in 1986 and last sold on Aug 27, 2021 for $2,200,000.
How much is this home worth?
The estimated value of the home located at 53 Solomon Pierce Road is $0.
What are some comparable homes to 53 Solomon Pierce Road?
There are currently no comparable homes to 53 Solomon Pierce Road.
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