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Lexington 02421 East Lexington
8 Chase Ave
$620,000
● House - Off Market

8 Chase Ave

Lexington, MA 02421
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,720 Ft²
$1,077,905
RealtyHop Estimate
74.14%
Since Jul 1, 2015
MA-Boston
Primary Model

About This Property

Tucked on a side street in sought after Liberty Heights, this delightful village colonial offers a welcoming entry, high ceilings, and plenty character . Easy living  with so many updates including a 3 zone gas heating system,, 200 amp electric system, replacement windows and finished basement with full bath and laundry.  All 3 bedrooms on the 2nd floor with a full bath. Private,  landscaped Beacon Hill yard with blue stone patio for summer barbecues.  A delightful area in East Lexington surrounded by conservation land, Sutherland  playground  and Wilson's Farm.  Convenient to Minuteman Bikeway, Alewife Station and bus line.
Unit Size
1,720 Ft²
Days on Market
-
Land Size
0.06 acres
Price per sqft
$360
Property Type
House
Property Taxes
$494
HOA Dues
-
Year Built
1909

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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 #71837449)

Price History

Date / Event Date Event Price
Jun 30, 2015 Sold
Premium
Sold
May 14, 2015 Listed by William Raveis R.E. & Home Services $619,000
Listed by William Raveis R.E. & Home Services
Jun 26, 2003 Sold
Premium
Sold
Apr 3, 2003 Listed by William Raveis R.E. & Home Services $459,000
Listed by William Raveis R.E. & Home Services
Jun 20, 2001 Sold
Premium
Sold
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Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1909
  • Effective Year Built: 1909
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 682
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,400
  • Total Building Area: 1,320
  • Gross Building Area: 2,214
  • Building Area: 1,320
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,320
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000055
  • 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:0013 L:000155
  • Lot: 155
  • Municipality: LEXINGTON
  • Latitude: 42.424
  • Longitude: -71.1982

    Address

  • Full Address: 8 Chase Ave
  • Address - House Number: 8
  • Address - Street Name: Chase
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lexington
  • Carrier Code: C008
  • 4-Digit Zip Code: 6214
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $934,700

    Appraisal Valuation

  • Standard Deviation: 0.1563
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 924,809
  • High Value: 1,069,382
  • Low Value: 780,237

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $719,000
  • Assessed Land Value: $387,000
  • Assessed Improvements Value: $332,000

    Sales

  • Current Sale Recording Date: Jun 30, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 103557
  • Previous Sale Recording Date: Jun 26, 2003
  • Previous Sale Amount: $454,000
  • 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 East Lexington

Stats & Trends

Median Asking:

$1,249,000

Sale Price/ft²

$563

Below Asking

0.02%

Average Days on Market

50

Average Home Size

3034 ft²

Average Home Age

77.8 years

Currently For Sale

5 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# 71837449

Frequently Asked Questions

When was property at 8 Chase Avenue built and last sold?
The property at 8 Chase Avenue was built in 1909 and last sold on Jan 1, 1970 for $620,000.
How much is this home worth?
The estimated value of the home located at 8 Chase Avenue is $643,691.
What are some comparable homes to 8 Chase Avenue?
There are currently no comparable homes to 8 Chase Avenue.
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