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Lexington 02420 North Lexington
93 Grove Street
$553,000
● House - Off Market

93 Grove Street

Lexington, MA 02420
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,549 Ft²
$832,435
RealtyHop Estimate
49.99%
Since Feb 1, 2019
MA-Boston
Primary Model

About This Property

Three bedroom ranch sited on a gentle slope provides opportunity for the creative buyer. Features include open plan kitchen and dining room, both with sliders to the outside; spacious living room with picture window and treetop views, along with wood-burning fireplace; 213 square foot screened-in porch; partially finished lower level; and good-sized workshop leading to the one car garage. Large backyard provides mature trees and lots of privacy. Convenient location to Route 128, the Estabrook School, walking trails, and equidistant to both Lexington and Bedford centers.
Unit Size
1,549 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$358
Property Type
House
Property Taxes
$745
HOA Dues
-
Year Built
1952

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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: 6 months ago (MLSPIN #72424402)

Price History

Date / Event Date Event Price
Jan 11, 2019 Sold
Premium
Sold
Nov 15, 2018 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $555,000
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate
Jan 12, 2000 Sold
Premium
Sold
Oct 29, 1999 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $259,000
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate

Property Highlights

Parking Available
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 21
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 6
  • Roof Cover Type: 16
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 540
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,242
  • Total Building Area: 1,490
  • Gross Building Area: 2,923
  • Building Area: 1,490
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,490
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000396
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Lexington School District
  • Census Tract: 358700

Zoning

  • Zoning: RO

Geography

  • Parcel: LEXI M:0083 L:000135
  • Lot: 135
  • Municipality: LEXINGTON
  • Latitude: 42.4743
  • Longitude: -71.2385

    Address

  • Full Address: 93 Grove St
  • Address - House Number: 93
  • Address - Street Name: Grove
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lexington
  • Carrier Code: C011
  • 4-Digit Zip Code: 1305
  • Zip Code: 02420

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $900,900

    Appraisal Valuation

  • Standard Deviation: 0.1759
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 880,560
  • High Value: 1,035,536
  • Low Value: 725,583

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $693,000
  • Assessed Land Value: $556,000
  • Assessed Improvements Value: $137,000

    Sales

  • Current Sale Contract Date: Jan 08, 2019
  • Current Sale Recording Date: Jan 11, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 4740
  • Previous Sale Recording Date: Jan 12, 2000
  • Previous Sale Amount: $220,000
  • 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 North Lexington

Stats & Trends

Median Asking:

$1,588,500

Sale Price/ft²

$563

Below Asking

0.02%

Average Days on Market

66

Average Home Size

3865 ft²

Average Home Age

33.8 years

Currently For Sale

21 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: 6 months ago
Data Source: MLS PIN, MLS# 72424402

Frequently Asked Questions

When was property at 93 Grove Street built and last sold?
The property at 93 Grove Street was built in 1952 and last sold on Jan 8, 2019 for $553,000.
How much is this home worth?
The estimated value of the home located at 93 Grove Street is $568,974.
What are some comparable homes to 93 Grove Street?
There are currently no comparable homes to 93 Grove Street.
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