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Lexington 02420 Lexington Town Center
588 Lowell Street
$931,500
● House - Off Market

588 Lowell Street

Lexington, MA 02420
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,600 Ft²
$1,478,968
RealtyHop Estimate
64.35%
Since Jan 1, 2017
MA-Boston
Primary Model

About This Property

Serious buyers only!  Available immediately!  Here is what you get.....an amazing, captivating renovation that sets up perfect for Condo or Townhouse alternative choices here in the Lexington area while minutes from Highway and 30 minutes to Downtown Boston..Set back off the street with a surprising quiet back yard space ... this layout is perfect for privacy yet large enough to enjoy nature....Once you step inside you will find top of the line appliances, craftsmanship, choice of colors that showcase a Masterpiece.........PLEASE VIEW THE VIRTUAL TOUR AND HAVE YOUR CHECKBOOK READY....AND THANKS FOR SHARING TO THOSE IN THE MARKET...Feel free to use the driveway and park tandem ....Easy to show......and activity is strong ...Open House Sunday 1-2.....
Unit Size
2,600 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$346
Property Type
House
Property Taxes
$684
HOA Dues
-
Year Built
1960

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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: 6 months ago (MLSPIN #72068032)

Price History

Date / Event Date Event Price
Dec 22, 2016 Sold
Premium
Sold
Sep 15, 2016 Listed by LAER Realty Partners $899,900
Listed by LAER Realty Partners
Jan 11, 2016 Sold
Premium
Sold
Oct 7, 2015 Listed by LAER Realty Partners $649,900
Listed by LAER Realty Partners

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • 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: 41
  • 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: 7
  • Basement Area: 390
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,000
  • Total Building Area: 1,524
  • Gross Building Area: 3,210
  • Building Area: 1,524
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,524
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000344
  • 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:0068 L:000031
  • Lot: 31
  • Municipality: LEXINGTON
  • Latitude: 42.464
  • Longitude: -71.2077

    Address

  • Full Address: 588 Lowell St
  • Address - House Number: 588
  • Address - Street Name: Lowell
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lexington
  • Carrier Code: C033
  • 4-Digit Zip Code: 1939
  • Zip Code: 02420

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,437,800

    Appraisal Valuation

  • Standard Deviation: 0.1577
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,505,315
  • High Value: 1,742,756
  • Low Value: 1,267,873

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,106,000
  • Assessed Land Value: $532,000
  • Assessed Improvements Value: $574,000

    Sales

  • Current Sale Recording Date: Dec 22, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 230868
  • Previous Sale Recording Date: Jan 11, 2016
  • Previous Sale Amount: $609,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: UNK
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 Lexington Town Center

Stats & Trends

Median Asking:

$2,174,500

Sale Price/ft²

$591

Below Asking

0.02%

Average Days on Market

66

Average Home Size

3826 ft²

Average Home Age

77.6 years

Currently For Sale

16 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

Unit for rent at 2 Littles Brook Court, Burlington, MA, 01803

$2,670 /mo

  • 1 Bed
  • 1 Bath
  • 830 ft²
2 Littles Brook Court #Bedford, Burlington, MA, 01803 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 72068032

Frequently Asked Questions

When was property at 588 Lowell Street built and last sold?
The property at 588 Lowell Street was built in 1960 and last sold on Jan 1, 1970 for $931,500.
How much is this home worth?
The estimated value of the home located at 588 Lowell Street is $930,340.
What are some comparable homes to 588 Lowell Street?
There are currently no comparable homes to 588 Lowell Street.
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