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Lexington 02421 Follen Heights
8 Marrett Rd
Photo of 8 Marrett Rd
Sold on Aug 19, 2011

1

Map

$725,000
● House - Off Market

8 Marrett Rd

Lexington, MA 02421
bedrooms
6 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3,416 Ft²
$1,607,075
RealtyHop Estimate
107.36%
Since Sep 1, 2011
MA-Boston
Primary Model

About This Property

A true Diamond in the rough with potential to be a shining star. This well priced Grand Dame is a  fantastic investment opportunity, set on 1.1 acres this  well loved  home offers warmth, character & charm throughout.  One of the last few Antiques on an acre lot, it is a home to  cherish for years to come. A  In-law apartment attached to the house.  Large barn / garage with artist studio above is perfect for yoga or clubhouse. Please take a look, it is well worth it!
Unit Size
3,416 Ft²
Days on Market
-
Land Size
1.11 acres
Price per sqft
$227
Property Type
House
Property Taxes
$1,056
HOA Dues
-
Year Built
1780

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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: 28 days ago (MLSPIN #71163709)

Price History

Date / Event Date Event Price
Jan 22, 2019 Sold
Premium
Sold
Oct 9, 2018 Listed by William Raveis R.E. & Home Services $1,425,000
Listed by William Raveis R.E. & Home Services
Aug 19, 2011 Sold
Premium
Sold
Nov 18, 2010 Listed by William Raveis R.E. & Home Services $775,000
Listed by William Raveis R.E. & Home Services

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1780
  • Effective Year Built: 1780
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 5
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • 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: 1,828
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 48,295
  • Total Building Area: 3,451
  • Gross Building Area: 6,382
  • Building Area: 3,451
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,451
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001109
  • 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:0031 L:000001
  • Lot: 1
  • Municipality: LEXINGTON
  • Latitude: 42.4355
  • Longitude: -71.213

    Address

  • Full Address: 8 Marrett Rd
  • Address - House Number: 8
  • Address - Street Name: Marrett
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C013
  • 4-Digit Zip Code: 5704
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,925,300

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,937,369
  • High Value: 2,280,732
  • Low Value: 1,594,006

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,481,000
  • Assessed Land Value: $703,000
  • Assessed Improvements Value: $778,000

    Sales

  • Current Sale Contract Date: Jan 17, 2019
  • Current Sale Recording Date: Jan 22, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 8874
  • Previous Sale Recording Date: Aug 19, 2011
  • Previous Sale Amount: $725,000
  • 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 Follen Heights

Stats & Trends

Median Asking:

$1,389,000

Sale Price/ft²

$529

Below Asking

0.02%

Average Days on Market

57

Average Home Size

3830 ft²

Average Home Age

42.8 years

Currently For Sale

13 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

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Last Updated: 28 days ago
Data Source: MLS PIN, MLS# 71163709

Frequently Asked Questions

When was property at 8 Marrett Road built and last sold?
The property at 8 Marrett Road was built in 1780 and last sold on Jan 17, 2019 for $1,417,500.
How much is this home worth?
The estimated value of the home located at 8 Marrett Road is $1,430,170.
What are some comparable homes to 8 Marrett Road?
There are currently no comparable homes to 8 Marrett Road.
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