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Lexington 02420 North Lexington
7 Volunteer Way
$849,000
● House - Off Market

7 Volunteer Way

Lexington, MA 02420
bedrooms
5 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,200 Ft²
$1,516,274
RealtyHop Estimate
78.60%
Since May 1, 2015
MA-Boston
Primary Model

About This Property

Sunny, comfortable family home in the Estabrook Elementary School district. This cherished home is set on a ¾ acre lot in a very desirable neighborhood. Some of the amenities include two bay windows in the living room and large picture windows in the dining room and breakfast area of the kitchen. There is a bedroom/office with a spacious closet on the first floor, just steps away from a full bath. The second floor features a master bedroom with a walk-in closet and half bath, three additional spacious bedrooms, another full bath, and central air conditioning. The home also offers space for a potential game room/recreation room. Walk to Wright Farm conservation land just around the corner. Sheer delight!
Unit Size
2,200 Ft²
Days on Market
-
Land Size
0.66 acres
Price per sqft
$386
Property Type
House
Property Taxes
$882
HOA Dues
-
Year Built
1954

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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: 5 months ago (MLSPIN #71792204)

Price History

Date / Event Date Event Price
Apr 10, 2015 Sold
Premium
Sold
Feb 13, 2015 Listed by The Higgins Group REALTORS® $849,000
Listed by The Higgins Group REALTORS®
Jun 7, 1990 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 7
  • Basement Area: 1,056
  • Garage Type: 7
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 28,568
  • Total Building Area: 2,200
  • Gross Building Area: 3,886
  • Building Area: 2,200
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,200
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000656
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: RO

Geography

  • Parcel: LEXI M:0089 L:000062
  • Lot: 62
  • Municipality: LEXINGTON
  • Latitude: 42.4868
  • Longitude: -71.243

    Address

  • Full Address: 7 Volunteer Way
  • Address - House Number: 7
  • Address - Street Name: Volunteer
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Lexington
  • Carrier Code: C007
  • 4-Digit Zip Code: 1116
  • Zip Code: 02420

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,591,200
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1775
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,520,202
  • High Value: 1,790,088
  • Low Value: 1,250,317

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,224,000
  • Assessed Land Value: $654,000
  • Assessed Improvements Value: $570,000

    Sales

  • Current Sale Recording Date: Apr 10, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 51240
  • Previous Sale Recording Date: Jun 07, 1990
  • Previous Sale Amount: $134,000
  • 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:

$1,599,000

Sale Price/ft²

$563

Below Asking

0.02%

Average Days on Market

63

Average Home Size

3552 ft²

Average Home Age

44.3 years

Currently For Sale

27 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: 5 months ago
Data Source: MLS PIN, MLS# 71792204

Frequently Asked Questions

When was property at 7 Volunteer Way built and last sold?
The property at 7 Volunteer Way was built in 1954 and last sold on Jan 1, 1970 for $849,000.
How much is this home worth?
The estimated value of the home located at 7 Volunteer Way is $858,525.
What are some comparable homes to 7 Volunteer Way?
There are currently no comparable homes to 7 Volunteer Way.
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