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Lexington 02420 North Lexington
7 Nichols Road
$812,500
● House - Off Market

7 Nichols Road

Lexington, MA 02420
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,029 Ft²
$1,008,956
RealtyHop Estimate
26.91%
Since Jan 1, 2021
MA-Boston
Primary Model

About This Property

THE BEST OF BOTH WORLDS... New England charm meets Beacon Hill perennial garden setting in this immaculately cared for (by original owner) Gambrel Cape in sought-after Manor neighborhood. With hardwood floors, two full baths, four bedrooms (first floor bedroom currently used as family room), formal dining room and original eat-in kitchen, this home also boasts a lower level office and family area, and utility/laundry space with walk-out access to stone/brick patio with roll-out sun awning. A great play area and relaxation spot is located off kitchen and family room/bedroom. Handy commuter's location including nearby T-stop. A sweet Home awaits you!
Unit Size
2,029 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$392
Property Type
House
Property Taxes
$881
HOA Dues
-
Year Built
1960

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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 years ago (MLSPIN #72734606)

Price History

Date / Event Date Event Price
Dec 2, 2020 Sold
Premium
Sold
Sep 30, 2020 Listed by Coldwell Banker Realty - Lexington $795,000
Listed by Coldwell Banker Realty - Lexington

Property Highlights

Air Conditioning
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 4
  • 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: 840
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,300
  • Total Building Area: 1,470
  • Gross Building Area: 2,520
  • Building Area: 1,470
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,470
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000145
  • 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:0078 L:000035
  • Lot: 35
  • Municipality: LEXINGTON
  • Latitude: 42.4676
  • Longitude: -71.2369

    Address

  • Full Address: 7 Nichols Rd
  • Address - House Number: 7
  • Address - Street Name: Nichols
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C019
  • 4-Digit Zip Code: 3224
  • Zip Code: 02420

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,158,300

    Appraisal Valuation

  • Standard Deviation: 0.1577
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,130,304
  • High Value: 1,308,593
  • Low Value: 952,015

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $891,000
  • Assessed Land Value: $670,000
  • Assessed Improvements Value: $221,000

    Sales

  • Current Sale Contract Date: Nov 16, 2020
  • Current Sale Recording Date: Dec 02, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1862564
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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72734606

Frequently Asked Questions

When was property at 7 Nichols Road built and last sold?
The property at 7 Nichols Road was built in 1960 and last sold on Nov 16, 2020 for $812,500.
How much is this home worth?
The estimated value of the home located at 7 Nichols Road is $0.
What are some comparable homes to 7 Nichols Road?
There are currently no comparable homes to 7 Nichols Road.
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