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Middlesex 01742
555 Lexington Road
$900,000
● House - Off Market

555 Lexington Road

Concord, MA 01742
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,125 Ft²
$1,503,892
RealtyHop Estimate
67.28%
Since Jul 1, 2016
MA-Boston
Primary Model

About This Property

Want to own the largest frontage of the American Mile that is privately held?  Located minutes from Concord center and sited on a gentle knoll on over 1 acre of land with 300+ ft of frontage this 1890's 4 bedroom colonial farmhouse has been extensively renovated with modern amenities, yet keeping it's original charm. Spacious rooms, with over 10 ft ceilings, rich hardwood floors, and beautiful natural light are throughout.  An additional renovated cottage that was once a neighborhood candy store, is a wonderful space with endless uses.  Great expansion possibilities abound.  The grounds are filled with flowering trees, a climbing hill, a large lawn, blue stone patio, and a welcoming front porch, to enjoy the good life on the Historical mile!
Unit Size
2,125 Ft²
Days on Market
-
Land Size
1.17 acres
Price per sqft
$423
Property Type
House
Property Taxes
$742
HOA Dues
-
Year Built
-

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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 months ago (MLSPIN #72003653)

Price History

Date / Event Date Event Price
Jun 29, 2016 Sold
Premium
Sold
May 11, 2016 Listed by Engel & Volkers Concord $899,000
Listed by Engel & Volkers Concord
May 1, 2009 Sold
Premium
Sold
Mar 23, 2009 Listed by Engel & Volkers Concord $679,000
Listed by Engel & Volkers Concord

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Building Count: 2
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 50,890
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001168
  • Standard Land Use Code: 1001
  • County Land Use Code: 109

Neighborhood

  • School District Name: Concord School District
  • Census Tract: 361300

Zoning

  • Zoning: B

Geography

  • Account Number: 3346
  • District: 67
  • Parcel: CONC M:9I B:4178
  • Block: 4178
  • Municipality: CONCORD
  • Latitude: 42.4596
  • Longitude: -71.3292

    Address

  • Full Address: 555 Lexington Rd
  • Address - House Number: 555
  • Address - Street Name: Lexington
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Concord
  • Carrier Code: C005
  • 4-Digit Zip Code: 3714
  • Zip Code: 01742

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,479,200

    Appraisal Valuation

  • Standard Deviation: 0.1606
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 79
  • Final Value: 1,284,107
  • High Value: 1,490,409
  • Low Value: 1,077,805

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,126,600
  • Assessed Land Value: $589,000
  • Assessed Improvements Value: $537,600

    Sales

  • Current Sale Recording Date: Jun 29, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 106264
  • Previous Sale Recording Date: May 01, 2009
  • Previous Sale Amount: $600,000
  • 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 Middlesex

Stats & Trends

Median Asking:

$819,900

Sale Price/ft²

$440

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2693 ft²

Average Home Age

65.6 years

Currently For Sale

3350 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: 5 months ago
Data Source: MLS PIN, MLS# 72003653

Frequently Asked Questions

When was property at 555 Lexington Road built and last sold?
The property at 555 Lexington Road was built in and last sold on Jan 1, 1970 for $900,000.
How much is this home worth?
The estimated value of the home located at 555 Lexington Road is $910,660.
What are some comparable homes to 555 Lexington Road?
There are currently no comparable homes to 555 Lexington Road.
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