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Lexington 02421 Prospect Hill
8 Carmel Circle
$2,000,000
● House - Off Market

8 Carmel Circle

Lexington, MA 02421
bedrooms
5 Beds
bathrooms
5 Baths
square feet
6,125 Ft²
$3,076,164
RealtyHop Estimate
43.08%
Since Oct 1, 2019
MA-Boston
Primary Model

About This Property

This 5-bdrm Colonial offers rare, sought after privacy within a Lexington-center neighborhood &  is designed with warm & welcoming spaces. The home's architectural detail and proper scaling create open spaces that are warmed by rich hardwood flooring, carefully-crafted built-ins, beautiful wainscoting, and generous windows.    The classic gourmet kitchen & great room stretch across the back of the home & open to the deck & yard. A lux master suite, 3 family bdrms, & an au pair/guest suite complete the 2nd floor.  The fully walk-out lower level is finished to the same exacting degree & provides fab entertaining, exercise, and storage areas.  A tasteful home, designed to meet every need.
Unit Size
6,125 Ft²
Days on Market
-
Land Size
0.45 acres
Price per sqft
$351
Property Type
House
Property Taxes
$1,794
HOA Dues
-
Year Built
1994

Payment Calculator

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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 #72480990)

Price History

Date / Event Date Event Price
Sep 26, 2019 Sold
Premium
Sold
Apr 11, 2019 Listed by Barrett Sotheby's International Realty $2,150,000
Listed by Barrett Sotheby's International Realty

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • 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: 2,489
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,420
  • Total Building Area: 3,847
  • Gross Building Area: 7,928
  • Building Area: 3,847
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,847
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000446
  • 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:0050 L:000239
  • Lot: 239
  • Municipality: LEXINGTON
  • Latitude: 42.4442
  • Longitude: -71.2461

    Address

  • Full Address: 8 Carmel Cir
  • Address - House Number: 8
  • Address - Street Name: Carmel
  • Address - Suffix Type: Cir
  • State: MA
  • City Name: Lexington
  • Carrier Code: C017
  • 4-Digit Zip Code: 6826
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,558,400

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 2,522,194
  • High Value: 2,969,206
  • Low Value: 2,075,181

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,968,000
  • Assessed Land Value: $822,000
  • Assessed Improvements Value: $1,146,000

    Sales

  • Current Sale Contract Date: Sep 14, 2019
  • Current Sale Recording Date: Sep 26, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 146915
  • Previous Sale Recording Date: Oct 29, 2014
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: ADJ
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# 72480990

Frequently Asked Questions

When was property at 8 Carmel Circle built and last sold?
The property at 8 Carmel Circle was built in 1994 and last sold on Sep 14, 2019 for $2,000,000.
How much is this home worth?
The estimated value of the home located at 8 Carmel Circle is $2,159,380.
What are some comparable homes to 8 Carmel Circle?
There are currently no comparable homes to 8 Carmel Circle.
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