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Lexington 02421 Follen Heights
7 Lawn Avenue
$472,500
● House - Off Market

7 Lawn Avenue

Lexington, MA 02421
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,750 Ft²
$1,015,929
RealtyHop Estimate
103.59%
Since Sep 1, 2012
MA-Boston
Primary Model

About This Property

Terrific home set on a large lot on cul-de-sac in Bowman school district. Three ample bedrooms and two full baths. Gracious fireplaced living room.  Hardwood floors throughout. Enjoy views of your beautiful, private yard from the comfort of the large three season porch. Full, partially finished basement and walk up attic. One car garage. Awaiting your updates.  Easy access to Boston and major highways.
Unit Size
1,750 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$285
Property Type
House
Property Taxes
$581
HOA Dues
-
Year Built
1941

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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 #71400161)

Price History

Date / Event Date Event Price
Aug 28, 2012 Sold
Premium
Sold
Jun 21, 2012 Listed by Coldwell Banker Residential Brokerage - Belmont $499,000
Listed by Coldwell Banker Residential Brokerage - Belmont

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1941
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • 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: 875
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,371
  • Total Building Area: 1,750
  • Gross Building Area: 3,315
  • Building Area: 1,750
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,750
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000353
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: RO

Geography

  • Parcel: LEXI M:0009 L:000047
  • Lot: 47
  • Municipality: LEXINGTON
  • Latitude: 42.4199
  • Longitude: -71.2219

    Address

  • Full Address: 7 Lawn Ave
  • Address - House Number: 7
  • Address - Street Name: Lawn
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lexington
  • Carrier Code: C018
  • 4-Digit Zip Code: 8214
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,068,600

    Appraisal Valuation

  • Standard Deviation: 0.1757
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,033,087
  • High Value: 1,214,602
  • Low Value: 851,572

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $822,000
  • Assessed Land Value: $480,000
  • Assessed Improvements Value: $342,000

    Sales

  • Current Sale Recording Date: Aug 28, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
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 Follen Heights

Stats & Trends

Median Asking:

$1,400,000

Sale Price/ft²

$526

Below Asking

0.02%

Average Days on Market

58

Average Home Size

4018 ft²

Average Home Age

49.8 years

Currently For Sale

10 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

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Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 71400161

Frequently Asked Questions

When was property at 7 Lawn Avenue built and last sold?
The property at 7 Lawn Avenue was built in 1941 and last sold on Jan 1, 1970 for $472,500.
How much is this home worth?
The estimated value of the home located at 7 Lawn Avenue is $536,364.
What are some comparable homes to 7 Lawn Avenue?
There are currently no comparable homes to 7 Lawn Avenue.
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