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Lexington 02421 Follen Heights
7 Lawrence Lane
$1,062,000
● House - Off Market

7 Lawrence Lane

Lexington, MA 02421
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,610 Ft²
$1,275,031
RealtyHop Estimate
28.92%
Since Nov 1, 2020
MA-Boston
Primary Model

About This Property

Open concept Ranch on quiet street with 4 Bedrooms and 3 Full Baths, Home Office and private grounds just minutes to the city!  Easy living 4 Bedroom, 3 Bath Ranch on almost ½ acre in fabulous neighborhood near Bowman Elementary, Wilsons Farm, conservation trails and Lexington's 12-mile Bike Path. Loaded with amenities, including 3 first floor Bedrooms. Custom built-ins surround beautiful woodburning fireplace in Living Room wide open to Dining Room. Central air and new recessed lighting. Comfortable 3-season porch. Nature-lovers will be drawn to this beautiful setting on horseshoe street. Spacious deck off the eat-in granite Kitchen overlooks secluded yard with mature plantings. This home is a commuters dream close to Rt 2 just minutes to Cambridge and Boston.
Unit Size
2,610 Ft²
Days on Market
-
Land Size
0.42 acres
Price per sqft
$379
Property Type
House
Property Taxes
$968
HOA Dues
-
Year Built
1957

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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 #72712579)

Price History

Date / Event Date Event Price
Oct 5, 2020 Sold
Premium
Sold
Aug 19, 2020 Listed by Coldwell Banker Realty - Lexington $989,000
Listed by Coldwell Banker Realty - Lexington
Oct 6, 2004 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,640
  • Garage Type: 7
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,114
  • Total Building Area: 1,652
  • Gross Building Area: 4,673
  • Building Area: 1,652
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,652
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000416
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358100

Zoning

  • Zoning: RO

Geography

  • Parcel: LEXI M:0004 L:000069
  • Lot: 69
  • Municipality: LEXINGTON
  • Latitude: 42.4166
  • Longitude: -71.2158

    Address

  • Full Address: 7 Lawrence Ln
  • Address - House Number: 7
  • Address - Street Name: Lawrence
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lexington
  • Carrier Code: C018
  • 4-Digit Zip Code: 8216
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,478,100

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Jan 27, 2024
  • Confidence Score: 77
  • Final Value: 1,325,084
  • High Value: 1,559,931
  • Low Value: 1,090,237

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,137,000
  • Assessed Land Value: $590,000
  • Assessed Improvements Value: $547,000

    Sales

  • Current Sale Contract Date: Sep 18, 2020
  • Current Sale Recording Date: Oct 05, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1855162
  • Previous Sale Recording Date: Oct 06, 2004
  • Previous Sale Amount: $570,000
  • Previous Sale Document Type: 48
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:

$1,379,000

Sale Price/ft²

$529

Below Asking

0.02%

Average Days on Market

57

Average Home Size

3979 ft²

Average Home Age

40.7 years

Currently For Sale

12 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: 4 months ago
Data Source: MLS PIN, MLS# 72712579

Frequently Asked Questions

When was property at 7 Lawrence Lane built and last sold?
The property at 7 Lawrence Lane was built in 1957 and last sold on Sep 18, 2020 for $1,062,000.
How much is this home worth?
The estimated value of the home located at 7 Lawrence Lane is $1,028,547.
What are some comparable homes to 7 Lawrence Lane?
There are currently no comparable homes to 7 Lawrence Lane.
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