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Lexington 02421 Idylwide
71 Spring St
$688,000
● House - Off Market

71 Spring St

Lexington, MA 02421
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,428 Ft²
$1,050,184
RealtyHop Estimate
64.35%
Since Jan 1, 2017
MA-Boston
Primary Model

About This Property

Don't miss out on this opportunity to make Lexington your home.   Easy access to major commuting routes: Rt. 2, Rt. 3, Rt. 128/I 95- Hospitals, Universities, Airport, Technology Belt and Metro West, you can get there from here!   Sited on almost a half acre lot, this home has a lovely circular flow with fireplaced living room, dining room, kitchen, and half bath on the first floor. 3 bedrooms with good closet space and full bath upstairs.     Enjoy all that Lexington has to offer: award winning schools, with Lexington H.S. rated as the second best public high school in Greater Boston by Boston Magazine; conservation areas with hiking trails; Minuteman Bike Path; the 'Old Res' with town beach; and historic town center for restaurants, shops, movie theater and history galore.
Unit Size
1,428 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$447
Property Type
House
Property Taxes
$687
HOA Dues
-
Year Built
1958

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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 #72070630)

Price History

Date / Event Date Event Price
Dec 2, 2016 Sold
Premium
Sold
Sep 21, 2016 Listed by Keller Williams Realty $639,000
Listed by Keller Williams Realty

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 700
  • Garage Type: 7
  • Parking Space Count: 3
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,000
  • Total Building Area: 1,428
  • Gross Building Area: 2,455
  • Building Area: 1,428
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,428
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000459
  • 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:0025 L:000146
  • Lot: 146
  • Municipality: LEXINGTON
  • Latitude: 42.4303
  • Longitude: -71.2455

    Address

  • Full Address: 71 Spring St
  • Address - House Number: 71
  • Address - Street Name: Spring
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lexington
  • Carrier Code: C025
  • 4-Digit Zip Code: 7817
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,202,500
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,164,503
  • High Value: 1,370,890
  • Low Value: 958,116

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $925,000
  • Assessed Land Value: $544,000
  • Assessed Improvements Value: $381,000

    Sales

  • Current Sale Contract Date: Nov 30, 2016
  • Current Sale Recording Date: Dec 02, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1748245
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# 72070630

Frequently Asked Questions

When was property at 71 Spring Street built and last sold?
The property at 71 Spring Street was built in 1958 and last sold on Nov 30, 2016 for $688,000.
How much is this home worth?
The estimated value of the home located at 71 Spring Street is $658,261.
What are some comparable homes to 71 Spring Street?
There are currently no comparable homes to 71 Spring Street.
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