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Lexington 02421 Idylwide
7 Spring St
$804,000
● House - Off Market

7 Spring St

Lexington, MA 02421
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,082 Ft²
$743,104
RealtyHop Estimate
-0.79%
Since Nov 1, 2023
MA-Boston
Primary Model

About This Property

Attention first-time buyers, and contractors! This classic home is just waiting for your creative touch. The spacious and sunny living room boasts hardwood floors and a fireplace. Adjacent dining room offers built in storage. Eat-in kitchen and full bathroom round out the first floor. Two bedrooms and storage space on the second floor. Spacious basement with fireplace would be an ideal office, home gym, or play. The large and flat back yard offers potential expansion opportunity. This home could be a great condo alternative or for downsizing. Attached one-car garage. Enjoy easy access to the Old Reservoir, sought after public schools, Lexington Center shops and restaurants, and Routes 95, 2, and 2A.
Unit Size
1,082 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$692
Property Type
House
Property Taxes
$712
HOA Dues
-
Year Built
1949

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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 #73149717)

Price History

Date / Event Date Event Price
Oct 4, 2023 Sold
Premium
Sold
Aug 24, 2023 In contract -
In contract
Aug 17, 2023 Listed by Leading Edge Real Estate $749,000
Listed by Leading Edge Real Estate

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 700
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,780
  • Total Building Area: 1,082
  • Gross Building Area: 2,348
  • Building Area: 1,082
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,082
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000179
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358300

Zoning

  • Zoning: RS

Geography

  • Parcel: LEXI M:0033 L:000076
  • Lot: 76
  • Municipality: LEXINGTON
  • Latitude: 42.4338
  • Longitude: -71.2423

    Address

  • Full Address: 7 Spring St
  • Address - House Number: 7
  • Address - Street Name: Spring
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lexington
  • Carrier Code: C042
  • 4-Digit Zip Code: 7937
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $854,100
  • Initial Tax Delinquent Year: 2016

    Appraisal Valuation

  • Standard Deviation: 0.1767
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 77
  • Final Value: 853,445
  • High Value: 1,004,325
  • Low Value: 702,566

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $657,000
  • Assessed Land Value: $481,000
  • Assessed Improvements Value: $176,000

    Sales

  • Current Sale Contract Date: Oct 04, 2023
  • Current Sale Recording Date: Oct 04, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 112432
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 Idylwide

Stats & Trends

Median Asking:

$1,849,500

Sale Price/ft²

$552

Below Asking

0.02%

Average Days on Market

55

Average Home Size

3121 ft²

Average Home Age

48.3 years

Currently For Sale

3 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# 73149717

Frequently Asked Questions

When was property at 7 Spring Street built and last sold?
The property at 7 Spring Street was built in 1949 and last sold on Oct 4, 2023 for $804,000.
How much is this home worth?
The estimated value of the home located at 7 Spring Street is $762,743.
What are some comparable homes to 7 Spring Street?
There are currently no comparable homes to 7 Spring Street.
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