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Lexington 02420 North Lexington
7 Royal Circle
$1,290,000
● House - Off Market

7 Royal Circle

Lexington, MA 02420
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
4,080 Ft²
$2,445,678
RealtyHop Estimate
81.30%
Since Aug 1, 2014
MA-Boston
Primary Model

About This Property

Designed with Distinction. This beautiful sunny Colonial offers a gracious entry foyer. Library and Living Room with Fireplace. Formal Dining Room next to large Modern Kitchen with Central Island. Eating area leads out through doors to the brick Patio and backyard. Family Room with cathedral ceiling and 2 skylights plus grand Fireplace. Spacious Private Office or Play Room. Second level offers cozy sitting area for reading stories to the kids. Master Bed Rm suite plus 3 generous bedrooms and Family Bath. Lower Level has a grand finished open space plus 1 room and a full Bath for Au-pair. Beautifully Landscaped grounds, level back yard. Two car attached Garage. Just steps away from the very brand new Estabrook Elementary School. An elegant Home that reflects the pride of ownership and a relaxing atmosphere.
Unit Size
4,080 Ft²
Days on Market
-
Land Size
0.70 acres
Price per sqft
$331
Property Type
House
Property Taxes
$1,462
HOA Dues
-
Year Built
1994

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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 #71680361)

Price History

Date / Event Date Event Price
Jul 18, 2014 Sold
Premium
Sold
May 13, 2014 Listed by William Raveis R.E. & Home Services $1,349,000
Listed by William Raveis R.E. & Home Services
Mar 30, 1994 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • 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: 9
  • Basement Area: 2,064
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,435
  • Total Building Area: 3,996
  • Gross Building Area: 8,544
  • Building Area: 3,996
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,996
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000699
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358700

Zoning

  • Zoning: ND

Geography

  • Parcel: LEXI M:0083 L:000153
  • Lot: 153
  • Municipality: LEXINGTON
  • Latitude: 42.4757
  • Longitude: -71.2369

    Address

  • Full Address: 7 Royal Cir
  • Address - House Number: 7
  • Address - Street Name: Royal
  • Address - Suffix Type: Cir
  • State: MA
  • City Name: Lexington
  • Carrier Code: C011
  • 4-Digit Zip Code: 1325
  • Zip Code: 02420

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,382,900
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 2,240,224
  • High Value: 2,604,474
  • Low Value: 1,875,973

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,833,000
  • Assessed Land Value: $797,000
  • Assessed Improvements Value: $1,036,000

    Sales

  • Current Sale Recording Date: Jul 18, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 103217
  • Previous Sale Recording Date: Mar 30, 1994
  • Previous Sale Amount: $699,000
  • 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 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71680361

Frequently Asked Questions

When was property at 7 Royal Circle built and last sold?
The property at 7 Royal Circle was built in 1994 and last sold on Jan 1, 1970 for $1,290,000.
How much is this home worth?
The estimated value of the home located at 7 Royal Circle is $1,406,663.
What are some comparable homes to 7 Royal Circle?
There are currently no comparable homes to 7 Royal Circle.
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