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Lexington 02421 Prospect Hill
563 Marrett Road
$646,000
● House - Off Market

563 Marrett Road

Lexington, MA 02421
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,500 Ft²
$2,387,715
RealtyHop Estimate
267.40%
Since Nov 1, 1998
MA-Boston
Primary Model

About This Property

30 DAYS TO COMPLETION; PICK YOUR COLORS. KITCHEN HAS GRANITE COUNTERS. WOODED LOT. WALK TO SCHOOLS.  600FT MASTER SUITE WITH JACUZZI. BOTH LIBRARY AND FAMILROOM ON FIRST FLOOR.
Unit Size
3,500 Ft²
Days on Market
-
Land Size
0.75 acres
Price per sqft
$186
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1998

Payment Calculator

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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 #30241629)

Price History

Date / Event Date Event Price
Oct 30, 1998 Sold
Premium
Sold
Jul 15, 1998 Listed by Grant B. Cole, REALTORS®, Inc $649,900
Listed by Grant B. Cole, REALTORS®, Inc
Oct 31, 1997 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 1,557
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 33,049
  • Total Building Area: 3,470
  • Gross Building Area: 5,733
  • Building Area: 3,470
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,470
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000759
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358400

Zoning

  • Zoning: ND

Geography

  • Parcel: LEXI M:0034 L:000002
  • Lot: 2
  • Municipality: LEXINGTON
  • Latitude: 42.4383
  • Longitude: -71.2494

    Address

  • Full Address: 563 Marrett Rd
  • Address - House Number: 563
  • 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: $1,888,900
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 1,919,556
  • High Value: 2,231,667
  • Low Value: 1,607,445

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,453,000
  • Assessed Land Value: $562,000
  • Assessed Improvements Value: $891,000

    Sales

  • Current Sale Recording Date: Oct 30, 1998
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Oct 31, 1997
  • Previous Sale Amount: $250,000
  • 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# 30241629

Frequently Asked Questions

When was property at 563 Marrett Road built and last sold?
The property at 563 Marrett Road was built in 1998 and last sold on Jan 1, 1970 for $646,000.
How much is this home worth?
The estimated value of the home located at 563 Marrett Road is $0.
What are some comparable homes to 563 Marrett Road?
There are currently no comparable homes to 563 Marrett Road.
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