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Lexington 02421 North Lexington
8 Patterson Rd
$540,000
● House - Off Market

8 Patterson Rd

Lexington, MA 02421
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,514 Ft²
$1,089,330
RealtyHop Estimate
82.16%
Since Jan 1, 2015
MA-Boston
Primary Model

About This Property

THIS ORIGINAL OWNER CUSTOM CONTEMPORARY HAS BEEN WELL MAINTAINED, ADDED TO AND IMPROVED THROUGH THE YEARS. GREAT LIGHT, HIGH CEILINGS, FIRST FLOOR MASTER BEDROOM.
Unit Size
1,514 Ft²
Days on Market
-
Land Size
0.38 acres
Price per sqft
$395
Property Type
House
Property Taxes
$635
HOA Dues
-
Year Built
1952

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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 #71745748)

Price History

Date / Event Date Event Price
Dec 10, 2014 Sold
Premium
Sold
Sep 17, 2014 Listed by Lester E. Savage, Real Estate $598,000
Listed by Lester E. Savage, Real Estate

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 21
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 16
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 586
  • Garage Type: 3
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,371
  • Total Building Area: 1,464
  • Gross Building Area: 2,379
  • Building Area: 1,464
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,464
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000376
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358600

Zoning

  • Zoning: RO

Geography

  • Parcel: LEXI M:0059 L:000098
  • Lot: 98
  • Municipality: LEXINGTON
  • Latitude: 42.4521
  • Longitude: -71.2576

    Address

  • Full Address: 8 Patterson Rd
  • Address - House Number: 8
  • Address - Street Name: Patterson
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C040
  • 4-Digit Zip Code: 6408
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,302,600
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1775
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 77
  • Final Value: 1,200,395
  • High Value: 1,413,519
  • Low Value: 987,270

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,002,000
  • Assessed Land Value: $615,000
  • Assessed Improvements Value: $387,000

    Sales

  • Current Sale Recording Date: Dec 10, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 190170
  • Previous Sale Recording Date: Apr 22, 2003
  • 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 North Lexington

Stats & Trends

Median Asking:

$1,600,000

Sale Price/ft²

$561

Below Asking

0.02%

Average Days on Market

63

Average Home Size

3612 ft²

Average Home Age

45.5 years

Currently For Sale

27 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# 71745748

Frequently Asked Questions

When was property at 8 Patterson Road built and last sold?
The property at 8 Patterson Road was built in 1952 and last sold on Jan 1, 1970 for $540,000.
How much is this home worth?
The estimated value of the home located at 8 Patterson Road is $613,460.
What are some comparable homes to 8 Patterson Road?
There are currently no comparable homes to 8 Patterson Road.
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