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Lexington 02421 Idylwide
540 Marrett Road
$773,000
● House - Off Market

540 Marrett Road

Lexington, MA 02421
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,200 Ft²
$1,428,043
RealtyHop Estimate
91.68%
Since Jul 1, 2013
MA-Boston
Primary Model

About This Property

Pride of ownership shows through this spacious 4 BR and 3 BTH house.  Hardwood floors through out the upper level except the bathrooms which are marbled. Open concept floor plan with lots of inlays.  Kitchen with granite counter tops, an island, and plenty of cabinets. Tubular skylights in kitchen, hallway, and foyer.  Dining room with slider leads to the deck.  Family room with surround sound and plenty of shelf space with spot lights.  Sidewalks in front, less than .3 mi to Bridge and old res.
Unit Size
2,200 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$339
Property Type
House
Property Taxes
$640
HOA Dues
-
Year Built
1971

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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 #71515797)

Price History

Date / Event Date Event Price
Jun 17, 2013 Sold
Premium
Sold
Apr 27, 2013 Listed by Charles Associates $745,000
Listed by Charles Associates

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 9
  • Basement Area: 870
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,371
  • Total Building Area: 1,452
  • Gross Building Area: 2,998
  • Building Area: 1,452
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,452
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • 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:0034 L:000154
  • Lot: 154
  • Municipality: LEXINGTON
  • Latitude: 42.4372
  • Longitude: -71.2496

    Address

  • Full Address: 540 Marrett Rd
  • Address - House Number: 540
  • Address - Street Name: Marrett
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C045
  • 4-Digit Zip Code: 7606
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,261,000

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,286,128
  • High Value: 1,514,071
  • Low Value: 1,058,186

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $970,000
  • Assessed Land Value: $523,000
  • Assessed Improvements Value: $447,000

    Sales

  • Current Sale Recording Date: Jun 17, 2013
  • Current Sale Price:
    Premium
  • Current 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 Idylwide

Stats & Trends

Median Asking:

$1,849,500

Sale Price/ft²

$552

Below Asking

0.02%

Average Days on Market

55

Average Home Size

3121 ft²

Average Home Age

48.3 years

Currently For Sale

3 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# 71515797

Frequently Asked Questions

When was property at 540 Marrett Road built and last sold?
The property at 540 Marrett Road was built in 1971 and last sold on Jan 1, 1970 for $773,000.
How much is this home worth?
The estimated value of the home located at 540 Marrett Road is $771,295.
What are some comparable homes to 540 Marrett Road?
There are currently no comparable homes to 540 Marrett Road.
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