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Lexington 02421 East Lexington
9 Chase Avenue
$898,500
● House - Off Market

9 Chase Avenue

Lexington, MA 02421
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,270 Ft²
$1,544,161
RealtyHop Estimate
81.67%
Since Jun 1, 2014
MA-Boston
Primary Model

About This Property

This charming gambrel colonial which had been completely remodeled in 2006 is sited on a large level and manicured lot.   A cooks kitchen drenched in sunlight with stone tile backsplash, stainless steel appliances, granite surfaces, beautiful wood cabinetry, french doors from breakfast area to open deck and manicured yard.  Many of the fine features of a vintage home remain, including ceiling moldings, chair rails, carved wood mantel surrounding a wood burning fireplace, gleaming hardwood floors.  A natural wood walled familyroom surrounded on three sides with large windows and custom made blinds. Two marble floored bathrooms with whirlpool tubs and one very large walk-in shower.  Steps to Sutherland park area and shopping.  Easy access to major thruways and public transportation.
Unit Size
2,270 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$374
Property Type
House
Property Taxes
$872
HOA Dues
-
Year Built
1918

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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 #71643262)

Price History

Date / Event Date Event Price
May 15, 2014 Sold
Premium
Sold
Mar 11, 2014 Listed by Coldwell Banker Residential Brokerage - Lexington $850,000
Listed by Coldwell Banker Residential Brokerage - Lexington
Jun 13, 2007 Sold
Premium
Sold
Feb 20, 2007 Listed by Coldwell Banker Residential Brokerage - Lexington $739,000
Listed by Coldwell Banker Residential Brokerage - Lexington
Mar 2, 2006 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1918
  • Effective Year Built: 1918
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 936
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,800
  • Total Building Area: 2,369
  • Gross Building Area: 3,590
  • Building Area: 2,369
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,369
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000248
  • 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:0013 L:000174
  • Lot: 174
  • Municipality: LEXINGTON
  • Latitude: 42.424
  • Longitude: -71.1987

    Address

  • Full Address: 9 Chase Ave
  • Address - House Number: 9
  • Address - Street Name: Chase
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Lexington
  • Carrier Code: C008
  • 4-Digit Zip Code: 6213
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,640,600

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,509,786
  • High Value: 1,777,367
  • Low Value: 1,242,204

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,262,000
  • Assessed Land Value: $579,000
  • Assessed Improvements Value: $683,000

    Sales

  • Current Sale Recording Date: May 15, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 63289
  • Previous Sale Recording Date: Jun 13, 2007
  • Previous Sale Amount: $739,000
  • 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 East Lexington

Stats & Trends

Median Asking:

$1,249,000

Sale Price/ft²

$563

Below Asking

0.02%

Average Days on Market

50

Average Home Size

3034 ft²

Average Home Age

77.8 years

Currently For Sale

5 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: 4 months ago
Data Source: MLS PIN, MLS# 71643262

Frequently Asked Questions

When was property at 9 Chase Avenue built and last sold?
The property at 9 Chase Avenue was built in 1918 and last sold on Jan 1, 1970 for $898,500.
How much is this home worth?
The estimated value of the home located at 9 Chase Avenue is $882,950.
What are some comparable homes to 9 Chase Avenue?
There are currently no comparable homes to 9 Chase Avenue.
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