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Lexington 02421 North Lexington
7 Martingale Road
Photo of 7 Martingale Road

1

Map

$1,514,000
● House - Off Market

7 Martingale Road

Lexington, MA 02421
bedrooms
5 Beds
bathrooms
5 Baths
square feet
4,900 Ft²
$8,987
Est. Monthly
$42
HOA / Fees

About This Property

Stunning 4 yr old Contemp Col is better than new! Enhanced even more by current owners from the cook's kit w/top of line appliances, granite counters, large island, breakfast nook leading to FR w/gas FP overlooking the pretty, professionally designed grounds. Flex fl plan w/1st fl office/BR w/full bath & fully finished 3rd fl w/BR, bth, playrm. Enjoy luxurious MBR suite w/dressing area, 2 walk-in closets, smashing bath. Desirable Pine Meadow Farm only 1.2 mi to center, near conservation trails.
Unit Size
4,900 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$309
Property Type
House
Property Taxes
$1,511
HOA Dues
$42
Year Built
2007

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71246315)

Price History

Date / Event Date Event Price
Jan 31, 2013 Sold
Premium
Sold
May 15, 2012 Listed by The Higgins Group REALTORS® $1,399,000
Listed by The Higgins Group REALTORS®
Jun 9, 2011 Listed by The Higgins Group REALTORS® $1,514,000
Listed by The Higgins Group REALTORS®
Oct 31, 2007 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Total Rooms: 14
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 5
  • Partial Bathrooms: 5
  • 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: 1,684
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,542
  • Total Building Area: 4,574
  • Gross Building Area: 7,928
  • Building Area: 4,574
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,574
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PINE MDW FARM
  • Land Acres: 0000000380
  • 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:0066 L:00062F
  • Lot: 62F
  • Municipality: LEXINGTON
  • Latitude: 42.4555
  • Longitude: -71.2508

    Address

  • Full Address: 7 Martingale Rd
  • Address - House Number: 7
  • Address - Street Name: Martingale
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C027
  • 4-Digit Zip Code: 6540
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,486,900

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 2,479,904
  • High Value: 2,919,421
  • Low Value: 2,040,386

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,913,000
  • Assessed Land Value: $778,000
  • Assessed Improvements Value: $1,135,000

    Sales

  • Current Sale Recording Date: Jan 31, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000002
  • Previous Sale Recording Date: Oct 31, 2007
  • Previous Sale Amount: $1,450,000
  • 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 North Lexington

Stats & Trends

Median Asking:

$1,615,000

Sale Price/ft²

$563

Below Asking

0.02%

Average Days on Market

63

Average Home Size

3578 ft²

Average Home Age

45.6 years

Currently For Sale

28 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71246315

Frequently Asked Questions

When was property at 7 Martingale Road built and last sold?
The property at 7 Martingale Road was built in 2007 and last sold on Jan 1, 1970 for $1,350,000.
How much is this home worth?
The estimated value of the home located at 7 Martingale Road is $1,411,232.
What are some comparable homes to 7 Martingale Road?
There are currently no comparable homes to 7 Martingale Road.
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