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Lexington 02420 Lexington Town Center
7 Carol Ln
$887,000
● House - Off Market

7 Carol Ln

Lexington, MA 02420
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,895 Ft²
$1,842,216
RealtyHop Estimate
108.16%
Since Jan 1, 2013
MA-Boston
Primary Model

About This Property

Magnificently sited on a cul-de-sac near Lexington Center, this 4 bedroom, 3 bath contemporary sits prominently on a 1/2 acre surrounded by lovely perennial gardens.  This 10 room property offers 2895 square feet of living space with fantastic natural light.  Features include a fireplaced living room with large picture window and a fireplaced recreation room with direct access to a gorgeous yard.  Truly a must see. 2 lots - 20,605 & 2354 square feet.
Unit Size
2,895 Ft²
Days on Market
-
Land Size
0.53 acres
Price per sqft
$306
Property Type
House
Property Taxes
$908
HOA Dues
-
Year Built
1969

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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 #71410712)

Price History

Date / Event Date Event Price
Dec 28, 2012 Sold
Premium
Sold
Jul 16, 2012 Listed by Coldwell Banker Residential Brokerage - Arlington $885,000
Listed by Coldwell Banker Residential Brokerage - Arlington
Oct 1, 2001 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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: 631
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,605
  • Total Building Area: 1,603
  • Gross Building Area: 3,111
  • Building Area: 1,603
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 1
  • Heated Square Feet: 1,603
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000473
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358600

Zoning

  • Zoning: RS

Geography

  • Parcel: LEXI M:0064 L:000171
  • Lot: 171
  • Municipality: LEXINGTON
  • Latitude: 42.4563
  • Longitude: -71.2335

    Address

  • Full Address: 7 Carol Ln
  • Address - House Number: 7
  • Address - Street Name: Carol
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lexington
  • Carrier Code: C043
  • 4-Digit Zip Code: 4405
  • Zip Code: 02420

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,675,700

    Appraisal Valuation

  • Standard Deviation: 0.1775
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,556,757
  • High Value: 1,833,133
  • Low Value: 1,280,382

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,289,000
  • Assessed Land Value: $826,000
  • Assessed Improvements Value: $463,000

    Sales

  • Current Sale Recording Date: Dec 28, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000028
  • Previous Sale Recording Date: Oct 01, 2001
  • Previous Sale Amount: $6,700
  • 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:

$2,174,500

Sale Price/ft²

$597

Below Asking

0.01%

Average Days on Market

74

Average Home Size

3673 ft²

Average Home Age

75.8 years

Currently For Sale

25 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# 71410712

Frequently Asked Questions

When was property at 7 Carol Lane built and last sold?
The property at 7 Carol Lane was built in 1969 and last sold on Jan 1, 1970 for $887,000.
How much is this home worth?
The estimated value of the home located at 7 Carol Lane is $936,169.
What are some comparable homes to 7 Carol Lane?
There are currently no comparable homes to 7 Carol Lane.
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