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Lexington 02421 North Lexington
9 Valley Road
$648,500
● House - Off Market

9 Valley Road

Lexington, MA 02421
bedrooms
5 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,765 Ft²
$1,241,535
RealtyHop Estimate
97.70%
Since May 1, 2013
MA-Boston
Primary Model

About This Property

Welcome to this charming Vintage Village Colonial privately sited on a knoll on a lightly traveled dead end street. Featuring 5 BRs, 1.5 BAs, rocking chair wrap around Farmer's porch w/skylites, several updates including: new SS stove, DW, micro; newer roof; many replacement windows; renovated bath; recently painted exterior & more. Steps from neighborhood tennis courts, park, Minuteman bike path, public transp. Options for 3rd fl renovation within existing bedrooms. A gem to make your own!
Unit Size
1,765 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$356
Property Type
House
Property Taxes
$652
HOA Dues
-
Year Built
1901

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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: 5 months ago (MLSPIN #71487678)

Price History

Date / Event Date Event Price
Dec 22, 2020 Sold
Premium
Sold
Oct 8, 2020 Listed by The Higgins Group REALTORS® $899,000
Listed by The Higgins Group REALTORS®
Apr 26, 2013 Sold
Premium
Sold
Feb 28, 2013 Listed by The Higgins Group REALTORS® $628,000
Listed by The Higgins Group REALTORS®

Property Highlights

Building Info

Overview

    General

  • Year Built: 1901
  • Effective Year Built: 1901
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 300
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 793
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,820
  • Total Building Area: 1,765
  • Gross Building Area: 3,366
  • Building Area: 1,765
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,765
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000202
  • 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:0071 L:000073
  • Lot: 73
  • Municipality: LEXINGTON
  • Latitude: 42.4641
  • Longitude: -71.2418

    Address

  • Full Address: 9 Valley Rd
  • Address - House Number: 9
  • Address - Street Name: Valley
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Lexington
  • Carrier Code: C037
  • 4-Digit Zip Code: 4218
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,224,600

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 1,219,119
  • High Value: 1,435,186
  • Low Value: 1,003,053

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $942,000
  • Assessed Land Value: $562,000
  • Assessed Improvements Value: $380,000

    Sales

  • Current Sale Contract Date: Dec 15, 2020
  • Current Sale Recording Date: Dec 22, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 244619
  • Previous Sale Recording Date: Apr 26, 2013
  • Previous Sale Amount: $648,500
  • Previous Sale Document Type: O
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:

$1,599,000

Sale Price/ft²

$563

Below Asking

0.02%

Average Days on Market

63

Average Home Size

3552 ft²

Average Home Age

44.3 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71487678

Frequently Asked Questions

When was property at 9 Valley Road built and last sold?
The property at 9 Valley Road was built in 1901 and last sold on Dec 15, 2020 for $940,000.
How much is this home worth?
The estimated value of the home located at 9 Valley Road is $901,981.
What are some comparable homes to 9 Valley Road?
There are currently no comparable homes to 9 Valley Road.
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