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Lexington 02420 East Lexington
8 Drew Avenue
Photo of 8 Drew Avenue
Sold on Aug 14, 2009

1

Map

$425,000
● House - Off Market

8 Drew Avenue

Lexington, MA 02420
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,038 Ft²
$882,562
RealtyHop Estimate
105.73%
Since Sep 1, 2009
MA-Boston
Primary Model

About This Property

Come & see this charming E. Lexington home with professionally landscaped grounds. Freshly painted inside & out, you will enjoy the updated kitchen w/gas range. The lovely foyer leads you upstairs to 2 bedrooms & a full bath. Enjoy a 3rd bedroom/office, exercise space, storage & a second full bath in the walkout lower level. Entertain this summer on your new 16x12 deck overlooking a park-like setting. Walk to Minuteman Bike Path & the "T". Take advantage of everything Lexington has to offer!
Unit Size
1,038 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$413
Property Type
House
Property Taxes
$392
HOA Dues
-
Year Built
1925

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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 #70936087)

Price History

Date / Event Date Event Price
Aug 14, 2009 Sold
Premium
Sold
Jun 18, 2009 Listed $429,000
Listed
May 26, 2006 Sold
Premium
Sold
Oct 26, 2005 Listed $429,000
Listed
Aug 23, 1999 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • 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: 564
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,200
  • Total Building Area: 1,038
  • Gross Building Area: 1,968
  • Building Area: 1,038
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,038
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000096
  • 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:0020 L:000144
  • Lot: 144
  • Municipality: LEXINGTON
  • Latitude: 42.4285
  • Longitude: -71.1941

    Address

  • Full Address: 8 Drew Ave
  • Address - House Number: 8
  • Address - Street Name: Drew
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lexington
  • Carrier Code: C005
  • 4-Digit Zip Code: 3033
  • Zip Code: 02420

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $841,100

    Appraisal Valuation

  • Standard Deviation: 0.1759
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 830,102
  • High Value: 976,198
  • Low Value: 684,006

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $647,000
  • Assessed Land Value: $469,000
  • Assessed Improvements Value: $178,000

    Sales

  • Current Sale Recording Date: Aug 14, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00161746
  • Previous Sale Recording Date: May 26, 2006
  • Previous Sale Amount: $415,000
  • 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70936087

Frequently Asked Questions

When was property at 8 Drew Avenue built and last sold?
The property at 8 Drew Avenue was built in 1925 and last sold on Jan 1, 1970 for $425,000.
How much is this home worth?
The estimated value of the home located at 8 Drew Avenue is $439,886.
What are some comparable homes to 8 Drew Avenue?
There are currently no comparable homes to 8 Drew Avenue.
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