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Lexington 02420 Lexington Town Center
6 Hancock Avenue
$800,000
● House - Off Market

6 Hancock Avenue

Lexington, MA 02420
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,438 Ft²
$1,197,834
RealtyHop Estimate
66.60%
Since Sep 1, 2016
MA-Boston
Primary Model

About This Property

This charming and well-maintained 3 bedroom home is full of character. A fireplaced living room leads to the dining room with built-in china cabinet and French door to a cozy 3-season sunroom. Original detailing in the kitchen includes a porcelain farm sink and natural woodwork cabinetry. Set on one of Lexington's most coveted streets in Meriam Hill, the neighborhood community is a throw-back to the 1950s with a dead end street perfect for impromptu ball games and block parties. Easy access to the town center, Minuteman Bikeway, Fiske Elementary and Diamond Middle School.
Unit Size
1,438 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$500
Property Type
House
Property Taxes
$849
HOA Dues
-
Year Built
1925

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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 #71966922)

Price History

Date / Event Date Event Price
Aug 16, 2016 Sold
Premium
Sold
Mar 3, 2016 Listed by The Higgins Group REALTORS® $719,000
Listed by The Higgins Group REALTORS®
Jun 15, 2000 Sold
Premium
Sold
Mar 9, 2000 Listed by The Higgins Group REALTORS® $474,000
Listed by The Higgins Group REALTORS®

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,233
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,000
  • Total Building Area: 2,327
  • Gross Building Area: 3,825
  • Building Area: 2,327
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,327
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000161
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358700

Zoning

  • Zoning: RS

Geography

  • Parcel: LEXI M:0056 L:000026
  • Lot: 26
  • Municipality: LEXINGTON
  • Latitude: 42.4531
  • Longitude: -71.2298

    Address

  • Full Address: 6 Hancock Ave
  • Address - House Number: 6
  • Address - Street Name: Hancock
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lexington
  • Carrier Code: C043
  • 4-Digit Zip Code: 3450
  • Zip Code: 02420

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,184,000

    Appraisal Valuation

  • Standard Deviation: 0.1775
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,725,941
  • High Value: 2,032,352
  • Low Value: 1,419,530

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,680,000
  • Assessed Land Value: $832,000
  • Assessed Improvements Value: $848,000

    Sales

  • Current Sale Recording Date: Aug 16, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 140375
  • Previous Sale Recording Date: Jun 15, 2000
  • Previous Sale Amount: $474,000
  • Previous Sale Document Type: 27

    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:

$2,199,000

Sale Price/ft²

$596

Below Asking

0.01%

Average Days on Market

69

Average Home Size

3651 ft²

Average Home Age

81 years

Currently For Sale

23 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: 5 months ago
Data Source: MLS PIN, MLS# 71966922

Frequently Asked Questions

When was property at 6 Hancock Avenue built and last sold?
The property at 6 Hancock Avenue was built in 1925 and last sold on Jan 1, 1970 for $800,000.
How much is this home worth?
The estimated value of the home located at 6 Hancock Avenue is $732,123.
What are some comparable homes to 6 Hancock Avenue?
There are currently no comparable homes to 6 Hancock Avenue.
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