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Lexington 02421 Lexington Town Center
7 Raymond Street
$946,500
● House - Off Market

7 Raymond Street

Lexington, MA 02421
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,224 Ft²
$1,579,342
RealtyHop Estimate
66.60%
Since Sep 1, 2016
MA-Boston
Primary Model

About This Property

BEAUTIFUL VILLAGE COLONIAL IN THE HEART OF TOWN CENTER WITH A PRIVATE "BEACON HILL" GARDEN. CONVENIENT TO LEXINGTON HIGH, CARY LIBRARY, RECREATION FACILITIES, MOVIE THEATER, SHOPS, RESTAURANTS, MBTA BUSLINE, LEXPRESS AND ALL THAT LEXINGTON HAS TO OFFER! THERE ARE 3 FULL FLOORS OF LIVING SPACE WITH HIGH CEILINGS, POCKET DOORS, QUALITY DETAIL, UPDATED SYSTEMS  AND THOUGHTFUL RENOVATIONS THROUGHOUT!
Unit Size
2,224 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$426
Property Type
House
Property Taxes
$1,007
HOA Dues
-
Year Built
1880

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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 #72002883)

Price History

Date / Event Date Event Price
Aug 1, 2016 Sold
Premium
Sold
May 10, 2016 Listed by Century 21 Commonwealth/ Lester E. Savage Real Estate $948,000
Listed by Century 21 Commonwealth/ Lester E. Savage Real Estate
Jun 8, 1990 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1880
  • Effective Year Built: 1880
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 976
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,102
  • Total Building Area: 1,926
  • Gross Building Area: 3,832
  • Building Area: 1,926
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,926
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000117
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358400

Zoning

  • Zoning: RS

Geography

  • Parcel: LEXI M:0049 L:000080
  • Lot: 80
  • Municipality: LEXINGTON
  • Latitude: 42.4472
  • Longitude: -71.2302

    Address

  • Full Address: 7 Raymond St
  • Address - House Number: 7
  • Address - Street Name: Raymond
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lexington
  • Carrier Code: C039
  • 4-Digit Zip Code: 4935
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,493,700

    Appraisal Valuation

  • Standard Deviation: 0.2261
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 68
  • Final Value: 1,418,910
  • High Value: 1,739,735
  • Low Value: 1,098,086

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,149,000
  • Assessed Land Value: $591,000
  • Assessed Improvements Value: $558,000

    Sales

  • Current Sale Recording Date: Aug 01, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 129387
  • Previous Sale Recording Date: Jun 08, 1990
  • Previous Sale Amount: $269,000
  • Previous Sale Document Type: 27
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 Lexington Town Center

Stats & Trends

Median Asking:

$2,174,500

Sale Price/ft²

$591

Below Asking

0.02%

Average Days on Market

66

Average Home Size

3826 ft²

Average Home Age

77.6 years

Currently For Sale

16 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# 72002883

Frequently Asked Questions

When was property at 7 Raymond Street built and last sold?
The property at 7 Raymond Street was built in 1880 and last sold on Jan 1, 1970 for $946,500.
How much is this home worth?
The estimated value of the home located at 7 Raymond Street is $957,934.
What are some comparable homes to 7 Raymond Street?
There are currently no comparable homes to 7 Raymond Street.
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