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Lexington 02421 Prospect Hill
7 Roosevelt Rd
$929,000
● House - Off Market

7 Roosevelt Rd

Lexington, MA 02421
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,723 Ft²
$1,196,539
RealtyHop Estimate
44.34%
Since May 1, 2019
MA-Boston
Primary Model

About This Property

Classic Cape Cod Home.  Sunfilled and turn-key ready for a new owner.  3 bedrooms and 2 full bathrooms. Fireplaced living room with built-in shelving and a picture window. Formal dining room with a built-in china cabinet and chair rail. First floor bedroom. Quality oak kitchen with newer appliances.  The spectacular cathedral ceilinged family room has skylights, bay window and access to a large deck. First floor laundry room with backyard entry. The second floor has two bedrooms both with huge closets. A walk-in hall cedar closet and a full bath. Large unfinished basement.  Great location - the new Hastings Elementary School property abuts the back yard!
Unit Size
1,723 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$481
Property Type
House
Property Taxes
$795
HOA Dues
-
Year Built
1955

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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 #72465434)

Price History

Date / Event Date Event Price
Apr 30, 2019 Sold
Premium
Sold
Mar 14, 2019 Listed by Grant B. Cole, REALTORS®, Inc $829,000
Listed by Grant B. Cole, REALTORS®, Inc

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 1,207
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,330
  • Total Building Area: 1,783
  • Gross Building Area: 3,322
  • Building Area: 1,783
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,783
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000191
  • 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:0051 L:000037
  • Lot: 37
  • Municipality: LEXINGTON
  • Latitude: 42.4443
  • Longitude: -71.2526

    Address

  • Full Address: 7 Roosevelt Rd
  • Address - House Number: 7
  • Address - Street Name: Roosevelt
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C040
  • 4-Digit Zip Code: 7411
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,134,900
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,206,108
  • High Value: 1,419,869
  • Low Value: 992,348

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $873,000
  • Assessed Land Value: $558,000
  • Assessed Improvements Value: $315,000

    Sales

  • Current Sale Contract Date: Apr 11, 2019
  • Current Sale Recording Date: Apr 30, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1812107
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 Prospect Hill

Stats & Trends

Median Asking:

$1,874,500

Sale Price/ft²

$582

Below Asking

0.01%

Average Days on Market

69

Average Home Size

3887 ft²

Average Home Age

25 years

Currently For Sale

4 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# 72465434

Frequently Asked Questions

When was property at 7 Roosevelt Road built and last sold?
The property at 7 Roosevelt Road was built in 1955 and last sold on Apr 11, 2019 for $929,000.
How much is this home worth?
The estimated value of the home located at 7 Roosevelt Road is $862,314.
What are some comparable homes to 7 Roosevelt Road?
There are currently no comparable homes to 7 Roosevelt Road.
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