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Lexington 02421 Prospect Hill
8 Wachusett Dr
$675,000
● House - Off Market

8 Wachusett Dr

Lexington, MA 02421
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,120 Ft²
$1,012,421
RealtyHop Estimate
49.99%
Since Feb 1, 2019
MA-Boston
Primary Model

About This Property

Location, location! This property, which is being sold as-is, presents an exceptional opportunity for builders, developers, and contractors. Due to the condition of the property, there are many possibilities. Set on a .49-acre lot in Lexington, this Ranch-style residence offers nine rooms, four bedrooms, two and one-half bathrooms, two fireplaces, garage, and a deck overlooking the large backyard. The lower level, with direct outdoor access. This wonderful location is convenient to major roadways to Boston and Cambridge and all that Lexington has to offer including great schools, historical sites, town center, and recreational areas. Buyer and Buyer's agent to perform their own Due Diligence in terms of possibilities for this lot.
Unit Size
2,120 Ft²
Days on Market
-
Land Size
0.49 acres
Price per sqft
$318
Property Type
House
Property Taxes
$964
HOA Dues
-
Year Built
1959

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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 #72428223)

Price History

Date / Event Date Event Price
Jan 24, 2019 Sold
Premium
Sold
Nov 29, 2018 Listed by Coldwell Banker Residential Brokerage - Concord $675,000
Listed by Coldwell Banker Residential Brokerage - Concord

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • 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: 1,980
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,163
  • Total Building Area: 1,652
  • Gross Building Area: 4,888
  • Building Area: 1,652
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,652
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000486
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358400

Zoning

  • Zoning: RS

Geography

  • Parcel: LEXI M:0033 L:000235
  • Lot: 235
  • Municipality: LEXINGTON
  • Latitude: 42.4372
  • Longitude: -71.2361

    Address

  • Full Address: 8 Wachusett Dr
  • Address - House Number: 8
  • Address - Street Name: Wachusett
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Lexington
  • Carrier Code: C021
  • 4-Digit Zip Code: 6913
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,240,200

    Appraisal Valuation

  • Standard Deviation: 0.1763
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,162,133
  • High Value: 1,367,064
  • Low Value: 957,202

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $954,000
  • Assessed Land Value: $698,000
  • Assessed Improvements Value: $256,000

    Sales

  • Current Sale Contract Date: Jan 05, 2019
  • Current Sale Recording Date: Jan 24, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 10128

    Financing

  • First Mortgage Financing Type: ADJ
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 Prospect Hill

Stats & Trends

Median Asking:

$1,874,500

Sale Price/ft²

$582

Below Asking

0.01%

Average Days on Market

69

Average Home Size

3887 ft²

Average Home Age

25 years

Currently For Sale

4 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72428223

Frequently Asked Questions

When was property at 8 Wachusett Drive built and last sold?
The property at 8 Wachusett Drive was built in 1959 and last sold on Jan 5, 2019 for $675,000.
How much is this home worth?
The estimated value of the home located at 8 Wachusett Drive is $711,856.
What are some comparable homes to 8 Wachusett Drive?
There are currently no comparable homes to 8 Wachusett Drive.
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