$500,000
●
Condo -
Off Market
85 Potter Pond #85
Lexington, MA 02421
2 Beds
2 Baths,
1
Half Bath
1,049 Ft²
$822,343
RealtyHop Estimate
56.64%
Since Jul 1, 2017
MA-Boston
Primary Model
About This Property
Buyer's remorse is your gain! Who is ready to downsize into their
new forever home? This Potter Pond condo is for you! One floor
living, nicely updated, ready for the couple who doesn't want to
leave Lexington but wants to downsize their home. An open floor
plan to keep the great room feel of your big home but on a
different scale, this unit has that. A dining area big enough for
your grandmother's table that you just can't part with, this unit
has that. An updated kitchen with lush cabinets and surfaces, this
unit has that. Great natural light from the sliders to your very
private deck allows you to still feel like you live in the big
house, but you don't have to take care of anything! A master
bedroom with just enough closets to hold your retirement wardrobe.
A second bedroom/study that has lovely light. A pull down attic for
the childhood mementos you just can't part with and a one car
garage with extra space for storage.
Unit Size
1,049 Ft²
Days on Market
-
Land Size
-
Price per sqft
$500
Property Type
Condo
Property Taxes
$572
HOA Dues
$610
Year Built
1984
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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 years ago (MLSPIN #72134695)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 13, 2017 | Sold | ||
| Sold | |||
| Mar 23, 2017 | Listed by eXp Realty | $525,000 | |
| Listed by eXp Realty | |||
| May 31, 2012 | Sold | ||
| Sold | |||
| Aug 1, 2011 | Listed by 617 Real Estate Group, LLC | $369,000 | |
| Listed by 617 Real Estate Group, LLC | |||
| | |||
|
Priced to sell! Well maintained and very private 2-bedroom / 1.5 bath condo located in desirable Potter Pond. This one level unit features cathedral ceilings in open living / dining room, ample closet space, laundry, central air, alarm system, sliding french doors leading to deck, attic, garage parking, and much more! Professionally managed complex with beautiful landscaping including tennis courts.
| |||
Property Highlights
Air Conditioning
Garage
Interior Details
Level: First
Width: 7
Length: 9
Features: Flooring - Hardwood, Countertops - Stone/Granite/Solid, Stainless Steel Appliances
Area: 63
Level: First
Features: Bathroom - Half
Area: 72
Features: Bathroom - Full
Length: 8
Level: First
Width: 9
Level: First
Features: Flooring - Hardwood
Width: 13
Length: 9
Area: 117
Width: 9
Features: Cathedral Ceiling(s), Flooring - Hardwood, Balcony / Deck, Open Floorplan
Length: 11
Level: First
Area: 99
Length: 15
Level: First
Area: 240
Features: Cathedral Ceiling(s), Flooring - Hardwood, Open Floorplan
Width: 16
Features: Closet, Flooring - Hardwood
Level: First
Length: 15
Width: 12
Area: 180
Half Bathrooms: 1
Full Bathrooms: 1
Appliances: Range, Dishwasher, Disposal, Refrigerator, Washer, Dryer, Gas Water Heater, Utility Connections for Gas Range
Flooring Type: Hardwood
Laundry Features: First Floor, Washer Hookup
Rooms: 5
Basement: N
Parking Details
Has Garage
Parking Features: Detached
Garage Spaces: 1
Exterior Details
Has Property Attached
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: Potter Pond
Structure Type: Attached
Stories (Total): 1
Building Area Units: Square Feet
Construction Materials: Frame
Patio and Porch Features: Deck
Lead Paint: None
Lot Size Units: Acres
Zoning: Res
Parcel Number: 547334
Water Source: Public
Financial Details
Tax Assessed Value: $470,000
Tax Annual Amount: $6,862
Utilities Details
Utilities: for Gas Range, Washer Hookup
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal
HOA/Condo/Coop Amenities: Tennis Court(s)
Association Fee Frequency: Monthly
HOA Fee: $610
Community Features: Public Transportation, Shopping, Tennis Court(s), Walk/Jog Trails
Management: Professional - Off Site
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/23/2017
|
2 Bed
|
2 Bath
|
1049 ft²
|
$525,000
2 Bed
2 Bath
1049 ft²
|
$500,000
-4.76%
06/13/2017
|
John Yu
Century 21 Shawmut Properties
| |
|
08/01/2011
|
2 Bed
|
2 Bath
|
1030 ft²
|
$369,000
2 Bed
2 Bath
1030 ft²
|
$359,775
-2.50%
05/31/2012
|
Patrick Millane
617 Real Estate Group, LLC
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017