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Lexington 02421 Follen Heights
7 Smith Avenue
$690,000
● House - Off Market

7 Smith Avenue

Lexington, MA 02421
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,201 Ft²
$1,501,552
RealtyHop Estimate
108.84%
Since Jun 1, 2003
MA-Boston
Primary Model

About This Property

ROMANTIC GATSBY ERA COLONIAL. FROM THE WRAPAROUND FARMER'S PORCH, 2 FIREPLACES, HARDWOOD FLRS THRUOUT, SUNKISSED EAT-IN KIT. W/ADJACENT FIREPLACE FAMILY ROOM, 3 FULL BATHS, TO THE SKYLIT FINISHED 3RD FLOOR, THIS HOME IS A WINNER. SHOWINGS
Unit Size
2,201 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$327
Property Type
House
Property Taxes
$509
HOA Dues
-
Year Built
1927

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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 #30663464)

Price History

Date / Event Date Event Price
May 21, 2003 Sold
Premium
Sold
Oct 30, 2002 Listed by Coldwell Banker Residential Brokerage - Lexington $719,000
Listed by Coldwell Banker Residential Brokerage - Lexington

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1927
  • Effective Year Built: 1927
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 2
  • 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: 1,232
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,610
  • Total Building Area: 2,949
  • Gross Building Area: 5,650
  • Building Area: 2,949
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 2,949
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000244
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358100

Zoning

  • Zoning: RS

Geography

  • Parcel: LEXI M:0022 L:000287
  • Lot: 287
  • Municipality: LEXINGTON
  • Latitude: 42.4317
  • Longitude: -71.2122

    Address

  • Full Address: 7 Smith Ave
  • Address - House Number: 7
  • Address - Street Name: Smith
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lexington
  • Carrier Code: C029
  • 4-Digit Zip Code: 5907
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,644,500

    Appraisal Valuation

  • Standard Deviation: 0.1573
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,474,678
  • High Value: 1,706,762
  • Low Value: 1,242,594

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,265,000
  • Assessed Land Value: $876,000
  • Assessed Improvements Value: $389,000

    Sales

  • Current Sale Recording Date: May 21, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 48
  • Current Sale Input Document Number: 1272941
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 Follen Heights

Stats & Trends

Median Asking:

$1,389,000

Sale Price/ft²

$528

Below Asking

0.02%

Average Days on Market

57

Average Home Size

3979 ft²

Average Home Age

40.7 years

Currently For Sale

12 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# 30663464

Frequently Asked Questions

When was property at 7 Smith Avenue built and last sold?
The property at 7 Smith Avenue was built in 1927 and last sold on Jan 1, 1970 for $690,000.
How much is this home worth?
The estimated value of the home located at 7 Smith Avenue is $748,236.
What are some comparable homes to 7 Smith Avenue?
There are currently no comparable homes to 7 Smith Avenue.
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