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Lexington 02421 Prospect Hill
541 Marrett Road
$235,000
● House - Off Market

541 Marrett Road

Lexington, MA 02421
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,167 Ft²
$896,678
RealtyHop Estimate
258.67%
Since Feb 1, 1999
MA-Boston
Primary Model

About This Property

CHARMING CAPE IN VERMONT-LIKE SETTING, HARDWOOD FLOORS, FIREPLACED LIVING ROOM, EAT-IN KITCHEN, FRESH PAIN INSIDE, ABUTS ELEMENTARY SCHOOL, GREAT PUBLIC TRANSPORTATION, WALK TO TOWN BEACH. PLENTY OF LAND FOR EXPANSION.
Unit Size
1,167 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$214
Property Type
House
Property Taxes
$215
HOA Dues
-
Year Built
1958

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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 years ago (MLSPIN #30272265)

Price History

Date / Event Date Event Price
Jul 29, 2021 Sold
Premium
Sold
Jun 17, 2021 Listed $900,000
Listed
Jan 29, 1999 Sold
Premium
Sold
Oct 30, 1998 Listed $250,000
Listed

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 9
  • Basement Area: 427
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,242
  • Total Building Area: 1,707
  • Gross Building Area: 3,630
  • Building Area: 1,707
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,707
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000396
  • 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:000005
  • Lot: 5
  • Municipality: LEXINGTON
  • Latitude: 42.4375
  • Longitude: -71.2492

    Address

  • Full Address: 541 Marrett Rd
  • Address - House Number: 541
  • Address - Street Name: Marrett
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C045
  • 4-Digit Zip Code: 7608
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,049,100

    Appraisal Valuation

  • Standard Deviation: 0.2261
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 68
  • Final Value: 1,280,378
  • High Value: 1,569,879
  • Low Value: 990,876

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $807,000
  • Assessed Land Value: $525,000
  • Assessed Improvements Value: $282,000

    Sales

  • Current Sale Contract Date: Jul 29, 2021
  • Current Sale Recording Date: Jul 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 171015
  • Previous Sale Recording Date: Jan 29, 1999
  • Previous Sale Amount: $235,000
  • 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 Prospect Hill

Stats & Trends

Median Asking:

$1,874,500

Sale Price/ft²

$582

Below Asking

0.01%

Average Days on Market

69

Average Home Size

3887 ft²

Average Home Age

25 years

Currently For Sale

4 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: 4 years ago
Data Source: MLS PIN, MLS# 30272265

Frequently Asked Questions

When was property at 541 Marrett Road built and last sold?
The property at 541 Marrett Road was built in 1958 and last sold on Jul 29, 2021 for $1,032,500.
How much is this home worth?
The estimated value of the home located at 541 Marrett Road is $0.
What are some comparable homes to 541 Marrett Road?
There are currently no comparable homes to 541 Marrett Road.
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