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Lexington 02421 North Lexington
98 Reed Street
$1,605,000
● House - Off Market

98 Reed Street

Lexington, MA 02421
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,211 Ft²
$1,723,989
RealtyHop Estimate
4.48%
Since Sep 1, 2022
MA-Boston
Primary Model

About This Property

Expanded Dutch Colonial surrounded by mature plantings and extensive hardscape on a private corner lot of nearly 1/2 acre. This home has been spendidly enlarged by a 1996 addition creating a first floor primary suite, office and family room with soaring ceilings and french doors opening to a spacious screened porch as well as a lower level office or bedroom with full bath. In 2017 the home was further improved with a two-car garage addition, entryway and fabulous kitchen renovation with gorgeous Vermont slate counters, breakfast bar, high end appliances. Set in a great neighborhood location convenient to the Minuteman Bikeway, Garfield parks and playground, conservation areas and Route 95.
Unit Size
3,211 Ft²
Days on Market
-
Land Size
0.44 acres
Price per sqft
$514
Property Type
House
Property Taxes
$1,582
HOA Dues
-
Year Built
1915

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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 #73015269)

Price History

Date / Event Date Event Price
Aug 30, 2022 Sold
Premium
Sold
Jul 20, 2022 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $1,650,000
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate
Apr 11, 2014 Sold
Premium
Sold
Feb 5, 2014 Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate $859,000
Listed by Berkshire Hathaway HomeServices Commonwealth Real Estate
Nov 23, 2010 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1915
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 1,523
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,985
  • Total Building Area: 2,534
  • Gross Building Area: 5,819
  • Building Area: 2,534
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,534
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000436
  • 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:0072 L:000010
  • Lot: 10
  • Municipality: LEXINGTON
  • Latitude: 42.4628
  • Longitude: -71.2456

    Address

  • Full Address: 98 Reed St
  • Address - House Number: 98
  • Address - Street Name: Reed
  • Address - Suffix Type: St
  • State: MA
  • City Name: Lexington
  • Carrier Code: C035
  • 4-Digit Zip Code: 4220
  • Zip Code: 02421

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,883,700
  • Initial Tax Delinquent Year: 2016

    Appraisal Valuation

  • Standard Deviation: 0.1783
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 76
  • Final Value: 1,780,902
  • High Value: 2,098,557
  • Low Value: 1,463,246

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,449,000
  • Assessed Land Value: $623,000
  • Assessed Improvements Value: $826,000

    Sales

  • Current Sale Contract Date: Aug 30, 2022
  • Current Sale Recording Date: Aug 30, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1922081
  • Previous Sale Recording Date: Apr 11, 2014
  • Previous Sale Amount: $961,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 73015269

Frequently Asked Questions

When was property at 98 Reed Street built and last sold?
The property at 98 Reed Street was built in 1915 and last sold on Aug 30, 2022 for $1,605,000.
How much is this home worth?
The estimated value of the home located at 98 Reed Street is $1,645,359.
What are some comparable homes to 98 Reed Street?
There are currently no comparable homes to 98 Reed Street.
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