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Lexington 02421 Prospect Hill
7 School Street
$905,000
● House - Off Market

7 School Street

Lexington, MA 02421
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,857 Ft²
$1,710,536
RealtyHop Estimate
90.27%
Since Aug 1, 2013
MA-Boston
Primary Model

About This Property

Distinctive Shingle Style farmhouse sitting on the original 35 acre Hartley Farm. On the Lexington Historical Register, home features period detailing: hand carved fireplace mantles, built-ins, pocket doors, hardwood floors throughout. Many updates include Granite kitchen with Shaker style cabinets and center island, and renovated baths. En Suite master with walk in closet. Farmers porch supported by elegant Doric columns. Multi-level deck and convenient commuter location. Walk to Hastings Elem.
Unit Size
2,857 Ft²
Days on Market
-
Land Size
0.44 acres
Price per sqft
$315
Property Type
House
Property Taxes
$861
HOA Dues
-
Year Built
1896

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71493580)

Price History

Date / Event Date Event Price
Jul 1, 2013 Sold
Premium
Sold
Mar 14, 2013 Listed by Coldwell Banker Residential Brokerage - Lexington $899,000
Listed by Coldwell Banker Residential Brokerage - Lexington
May 26, 1999 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1896
  • Effective Year Built: 1896
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,245
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,899
  • Total Building Area: 2,646
  • Gross Building Area: 5,539
  • Building Area: 2,646
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,646
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000434
  • 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:00041A
  • Lot: 41A
  • Municipality: LEXINGTON
  • Latitude: 42.4466
  • Longitude: -71.2517

    Address

  • Full Address: 7 School St
  • Address - House Number: 7
  • Address - Street Name: School
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lexington
  • Carrier Code: C017
  • 4-Digit Zip Code: 7413
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,651,000

    Appraisal Valuation

  • Standard Deviation: 0.2261
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 68
  • Final Value: 1,712,364
  • High Value: 2,099,541
  • Low Value: 1,325,187

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,270,000
  • Assessed Land Value: $561,000
  • Assessed Improvements Value: $709,000

    Sales

  • Current Sale Recording Date: Jul 01, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000164
  • Previous Sale Recording Date: May 26, 1999
  • Previous Sale Amount: $505,000
  • Previous Sale Document Type: 48
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# 71493580

Frequently Asked Questions

When was property at 7 School Street built and last sold?
The property at 7 School Street was built in 1896 and last sold on Jan 1, 1970 for $905,000.
How much is this home worth?
The estimated value of the home located at 7 School Street is $948,652.
What are some comparable homes to 7 School Street?
There are currently no comparable homes to 7 School Street.
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