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Lexington 02421 Idylwide
62 Spring St
$1,100,000
● House - Off Market

62 Spring St

Lexington, MA 02421
bedrooms
5 Beds
bathrooms
2 Baths
square feet
1,835 Ft²
$1,162,724
RealtyHop Estimate
-1.04%
Since Oct 1, 2023
MA-Boston
Primary Model

About This Property

This charming 5 bedroom colonial, nestled in a sought-after Lexington neighborhood, includes 2 recently updated full bathrooms as well as a main-level room ideal for use as the 5th bedroom or home office. The kitchen is equipped with modern appliances and connects to a breezeway attached to the 1 car garage. In addition, the property features a paved driveway and a spacious, predominantly fenced, private yard, providing ample outdoor space for relaxation and recreation. This delightful home is in close proximity to the Lexington Reservoir, Bridge Elementary School, local shops, and enjoys a highly desirable location for commuters.
Unit Size
1,835 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$640
Property Type
House
Property Taxes
$948
HOA Dues
-
Year Built
1947

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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 months ago (MLSPIN #73136234)

Price History

Date / Event Date Event Price
Sep 29, 2023 Sold
Premium
Sold
Aug 7, 2023 In contract -
In contract
Jul 13, 2023 Listed by Compass $1,175,000
Listed by Compass

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1947
  • Effective Year Built: 1947
  • Building Count: 1
  • Total Rooms: 8
  • 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: 792
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,509
  • Total Building Area: 1,617
  • Gross Building Area: 2,809
  • Building Area: 1,617
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,617
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000310
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358300

Zoning

  • Zoning: RS

Geography

  • Parcel: LEXI M:0025 L:000103
  • Lot: 103
  • Municipality: LEXINGTON
  • Latitude: 42.4307
  • Longitude: -71.2445

    Address

  • Full Address: 62 Spring St
  • Address - House Number: 62
  • Address - Street Name: Spring
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lexington
  • Carrier Code: C042
  • 4-Digit Zip Code: 7818
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,137,500

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,107,956
  • High Value: 1,304,321
  • Low Value: 911,591

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $875,000
  • Assessed Land Value: $521,000
  • Assessed Improvements Value: $354,000

    Sales

  • Current Sale Contract Date: Sep 25, 2023
  • Current Sale Recording Date: Sep 29, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 1944994
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 Idylwide

Stats & Trends

Median Asking:

$1,849,500

Sale Price/ft²

$552

Below Asking

0.02%

Average Days on Market

55

Average Home Size

3121 ft²

Average Home Age

48.3 years

Currently For Sale

3 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 months ago
Data Source: MLS PIN, MLS# 73136234

Frequently Asked Questions

When was property at 62 Spring Street built and last sold?
The property at 62 Spring Street was built in 1947 and last sold on Sep 25, 2023 for $1,100,000.
How much is this home worth?
The estimated value of the home located at 62 Spring Street is $1,180,690.
What are some comparable homes to 62 Spring Street?
There are currently no comparable homes to 62 Spring Street.
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