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Lexington 02421 Follen Heights
8 Paddock Lane
$1,275,000
● House - Off Market

8 Paddock Lane

Lexington, MA 02421
bedrooms
5 Beds
bathrooms
3 Baths
square feet
3,533 Ft²
$1,411,687
RealtyHop Estimate
28.92%
Since Nov 1, 2020
MA-Boston
Primary Model

About This Property

Wonderful opportunity to live on a cul de sac in the highly sought after Follen Hill location! Surrounded by lush greenery, this home provides privacy, wonderful views and a large flat yard. Enormous deck overlooking the spacious back yard. The main level offers an expansive, sun splashed great room with fireplace, vaulted ceilings, hardwood floors and a wall of  windows. Kitchen with high end appliances and a cozy den with built in cabinets. Master and two additional bedrooms complete the main level.    Lower level boasts two additional bedrooms and a media room with hardwood floors and built in cabinets. An additional fireplace and updated full bath finish off the lower level.Close to Bowman, Wilson Farm and Lexington center. Renovate or build your dream home. Don't miss this one!
Unit Size
3,533 Ft²
Days on Market
-
Land Size
0.47 acres
Price per sqft
$310
Property Type
House
Property Taxes
$1,370
HOA Dues
-
Year Built
1968

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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: 5 years ago (MLSPIN #72727933)

Price History

Date / Event Date Event Price
Oct 30, 2020 Sold
Premium
Sold
Sep 17, 2020 Listed by Coldwell Banker Realty - Lexington $1,095,000
Listed by Coldwell Banker Realty - Lexington
Jul 14, 2000 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,443
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,292
  • Total Building Area: 2,239
  • Gross Building Area: 5,126
  • Building Area: 2,239
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,239
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000466
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358100

Zoning

  • Zoning: RO

Geography

  • Parcel: LEXI M:0031 L:000086
  • Lot: 86
  • Municipality: LEXINGTON
  • Latitude: 42.4335
  • Longitude: -71.2177

    Address

  • Full Address: 8 Paddock Ln
  • Address - House Number: 8
  • Address - Street Name: Paddock
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Lexington
  • Carrier Code: C029
  • 4-Digit Zip Code: 5830
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,843,400

    Appraisal Valuation

  • Standard Deviation: 0.1625
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 1,586,571
  • High Value: 1,844,540
  • Low Value: 1,328,601

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,418,000
  • Assessed Land Value: $825,000
  • Assessed Improvements Value: $593,000

    Sales

  • Current Sale Contract Date: Oct 23, 2020
  • Current Sale Recording Date: Oct 30, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 201075
  • Previous Sale Recording Date: Jul 14, 2000
  • Previous Sale Amount: $690,000
  • 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

$528

Below Asking

0.02%

Average Days on Market

58

Average Home Size

3530 ft²

Average Home Age

55.1 years

Currently For Sale

12 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: 5 years ago
Data Source: MLS PIN, MLS# 72727933

Frequently Asked Questions

When was property at 8 Paddock Lane built and last sold?
The property at 8 Paddock Lane was built in 1968 and last sold on Oct 23, 2020 for $1,275,000.
How much is this home worth?
The estimated value of the home located at 8 Paddock Lane is $0.
What are some comparable homes to 8 Paddock Lane?
There are currently no comparable homes to 8 Paddock Lane.
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