$652,500
●
Condo -
Off Market
8 Chestnut Lane #8
Lexington, MA 02421
3 Beds
3 Baths,
1
Half Bath
2,432 Ft²
$1,375,327
RealtyHop Estimate
105.30%
Since Aug 1, 2009
MA-Boston
Primary Model
About This Property
Spacious, south-facing end unit with open floor plan in move-in
condition! There are three large bedrooms including a spectacular
first floor master bedroom suite, Elegant 9-ft ceilings, gleaming
HW floors, gas fireplace, gracious formal dining room with columned
entrance off foyer,granite kitchen with family room & french doors
to private back yard patio overlooking acre's of beautiful
woodlands, 2car attached garage, two mudrooms, finished lower level
playroom, close to public transportation.
Unit Size
2,432 Ft²
Days on Market
-
Land Size
-
Price per sqft
$275
Property Type
Condo
Property Taxes
$777
HOA Dues
$566
Year Built
2002
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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 years ago (MLSPIN #70921305)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 16, 2009 | Sold | ||
| Sold | |||
| May 20, 2009 | Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate | $669,900 | |
| Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate | |||
Property Highlights
Air Conditioning
Parking Available
Fireplace
Interior Details
Level: First
Width: 10
Length: 14
Features: Flooring - Hardwood, Countertops - Stone/Granite/Solid
Area: 140
Level: First
Features: Bathroom - Full
Level: Second
Features: Flooring - Wall to Wall Carpet
Width: 12
Length: 14
Area: 168
Width: 12
Features: Flooring - Hardwood
Length: 12
Level: First
Area: 144
Features: Walk-In Closet(s), Flooring - Wall to Wall Carpet
Width: 10
Length: 18
Area: 180
Level: Second
Features: Bathroom - Half
Level: First
Length: 19
Level: First
Area: 209
Features: Flooring - Hardwood
Width: 11
Length: 15
Level: First
Features: Flooring - Hardwood
Width: 12
Area: 180
Features: Bathroom - Full, Cathedral Ceiling(s), Ceiling Fan(s), Flooring - Wall to Wall Carpet
Level: First
Length: 17
Width: 13
Area: 221
Features: Bathroom - Full
Level: Second
Features: Yes
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Entrance Foyer, Play Room
Appliances: Range, Dishwasher, Disposal, Microwave, Gas Water Heater, Utility Connections for Gas Range
Flooring Type: Wood, Tile, Carpet, Flooring - Hardwood, Flooring - Wall to Wall Carpet
Laundry Features: Second Floor, Washer Hookup
Rooms: 8
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: Y
Parking Details
Has Garage
Attached Garage
Parking Features: Under, Off Street
Garage Spaces: 2
Exterior Details
Entry Level: 1
Security Features: Security System
Year Built Source: Owner
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Olde Smith Farm
Structure Type: Townhouse
Stories (Total): 3
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Patio
Lead Paint: Unknown
Lot Size Units: Acres
Zoning: Res
Parcel Number: 4287520
Water Source: Public, City/Town Water, City/Town Sewer
Financial Details
Tax Assessed Value: $719,000
Tax Annual Amount: $9,325
Utilities Details
Utilities: for Gas Range, Washer Hookup
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash
HOA Fee: $566
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat
Pets Allowed: Yes w/ Restrictions
Management: Professional - Off Site, Owner Association
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/20/2009
|
3 Bed
|
3 Bath
|
2432 ft²
|
$669,900
3 Bed
3 Bath
2432 ft²
|
$652,500
-2.60%
07/16/2009
|
Stephen Stratford
William Raveis R.E. & Home Services
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017