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Lexington 02420 North Lexington
9 Nichols Road
$679,500
● House - Off Market

9 Nichols Road

Lexington, MA 02420
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,362 Ft²
$1,182,670
RealtyHop Estimate
69.19%
Since May 1, 2016
MA-Boston
Primary Model

About This Property

Charming Bungalow in The Manor! Beautifully sited on a quiet side street. High ceilings throughout first floor. Enclosed front entry with French door leads to formal fireplaced living room that opens onto a wonderful front screened porch (bringing the outside in!)  Open dining room and spacious kitchen with access to a deck and private back yard. There are three bedrooms on the second floor - all with good sized closets.  Beautifully landscaped grounds include stone walls, pavers, and an irrigation system. Oversized detached one car garage.  Open houses both Saturday and Sunday 1-2.
Unit Size
1,362 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$513
Property Type
House
Property Taxes
$786
HOA Dues
-
Year Built
1927

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71956465)

Price History

Date / Event Date Event Price
Apr 6, 2016 Sold
Premium
Sold
Feb 5, 2016 Listed by Grant B. Cole, REALTORS®, Inc $699,000
Listed by Grant B. Cole, REALTORS®, Inc
Apr 30, 1996 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1927
  • Effective Year Built: 1927
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 18
  • 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: 666
  • Garage Type: 7
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,300
  • Total Building Area: 1,185
  • Gross Building Area: 2,367
  • Building Area: 1,185
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,185
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000145
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

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

Zoning

  • Zoning: RS

Geography

  • Parcel: LEXI M:0078 L:000034
  • Lot: 34
  • Municipality: LEXINGTON
  • Latitude: 42.4676
  • Longitude: -71.2367

    Address

  • Full Address: 9 Nichols Rd
  • Address - House Number: 9
  • Address - Street Name: Nichols
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C019
  • 4-Digit Zip Code: 3224
  • Zip Code: 02420

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,177,800

    Appraisal Valuation

  • Standard Deviation: 0.1566
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,140,983
  • High Value: 1,319,750
  • Low Value: 962,215

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $906,000
  • Assessed Land Value: $670,000
  • Assessed Improvements Value: $236,000

    Sales

  • Current Sale Recording Date: Apr 06, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1726509
  • Previous Sale Recording Date: Apr 30, 1996
  • Previous Sale Amount: $292,500
  • Previous Sale Document Type: 43
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:

$1,639,500

Sale Price/ft²

$561

Below Asking

0.02%

Average Days on Market

63

Average Home Size

3578 ft²

Average Home Age

45.6 years

Currently For Sale

28 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# 71956465

Frequently Asked Questions

When was property at 9 Nichols Road built and last sold?
The property at 9 Nichols Road was built in 1927 and last sold on Jan 1, 1970 for $679,500.
How much is this home worth?
The estimated value of the home located at 9 Nichols Road is $712,308.
What are some comparable homes to 9 Nichols Road?
There are currently no comparable homes to 9 Nichols Road.
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