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Lexington 02420 North Lexington
7 Nowers Road
$637,000
● House - Off Market

7 Nowers Road

Lexington, MA 02420
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,828 Ft²
$1,410,827
RealtyHop Estimate
117.55%
Since Apr 1, 2012
MA-Boston
Primary Model

About This Property

METICULOUS CHARMING WELL-MAINTAINED CAPE IN MANOR SECTION.MOVE RIGHT IN TO THIS NICELY UPDATED HOME WITH -I ST  FLOOR MASTER SUITE WITH  JACUUZI,FIREPLACED LIVING ROOM,FAMILY ROOM OPENING TO DECK OVERLOOKING A LARGE FENCED YARD. UPDATE INCLUDE-2008 WEIL MCLEAN OIL BURNER,2003 KITCHEN & ROOF,2011 FRESHLY PAINTED EXTERIOR. WALK TO GRADE AND MIDDLE SCHOOL,KINEENS PARK,WILLIARDS WOODS,BIKE PATH AND MBTA BUS STOP.
Unit Size
1,828 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$355
Property Type
House
Property Taxes
$668
HOA Dues
-
Year Built
1953

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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 #71328365)

Price History

Date / Event Date Event Price
Mar 21, 2012 Sold
Premium
Sold
Jan 17, 2012 Listed by Lester E. Savage, Real Estate $648,500
Listed by Lester E. Savage, Real Estate
Jun 23, 2003 Sold
Premium
Sold
Apr 13, 2003 Listed by Lester E. Savage, Real Estate $595,000
Listed by Lester E. Savage, Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 1953
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • 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: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,900
  • Total Building Area: 1,827
  • Gross Building Area: 3,356
  • Building Area: 1,827
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,827
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LEXINGTON
  • Land Acres: 0000000296
  • 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:0071 L:000285
  • Lot: 285
  • Municipality: LEXINGTON
  • Latitude: 42.4657
  • Longitude: -71.233

    Address

  • Full Address: 7 Nowers Rd
  • Address - House Number: 7
  • Address - Street Name: Nowers
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C019
  • 4-Digit Zip Code: 1606
  • Zip Code: 02420

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,284,400

    Appraisal Valuation

  • Standard Deviation: 0.1775
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,338,651
  • High Value: 1,576,305
  • Low Value: 1,100,997

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $988,000
  • Assessed Land Value: $735,000
  • Assessed Improvements Value: $253,000

    Sales

  • Current Sale Recording Date: Mar 21, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000005
  • Previous Sale Recording Date: Jun 23, 2003
  • Previous Sale Amount: $591,000
  • 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:

$1,600,000

Sale Price/ft²

$561

Below Asking

0.02%

Average Days on Market

63

Average Home Size

3612 ft²

Average Home Age

45.5 years

Currently For Sale

27 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: 4 months ago
Data Source: MLS PIN, MLS# 71328365

Frequently Asked Questions

When was property at 7 Nowers Road built and last sold?
The property at 7 Nowers Road was built in 1953 and last sold on Jan 1, 1970 for $637,000.
How much is this home worth?
The estimated value of the home located at 7 Nowers Road is $676,119.
What are some comparable homes to 7 Nowers Road?
There are currently no comparable homes to 7 Nowers Road.
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