NOT LISTED FOR SALE

48 Summit Rd Lexington, MA 02421

Follen Heights Neighborhood

Estimated Value: $3,107,000 - $5,642,000

5 Beds
4 Baths
5,062 Sq Ft
$882/Sq Ft Est. Value

Last Sold July 20, 2016

Last sale price $1,650,000 $326 Per Sq Ft

Est. 171% increase in value since last sale

Current estimated payment $28,040/month

4 Days on Market

About This Home

As of July 2016

Magnificent contemporary perched on top of the Follen Hill on 1.46 acres at the end of coveted street. Sun-filled, sleek, modern lines, walls of glass and cathedral ceilings throughout seamlessly bring the peaceful outside into each part of the carefully designed interior. Large porches and balconies provide numerous opportunities to enjoy enormous back yard with seasonal views of the city. Spacious two level foyer, living and dining room, nicely designed kitchen and a gorgeous cathedral family room, office and in-law suite with full bath on the first floor. Curved stairway brings you to the second floor with master bedroom, three additional bedrooms and a bath, another office, wet bar, and a lovely loft and two balconies with views overlooking bucolic top of the hill. Conveniently located just minutes to Bowman, public transportation, acres of conservation land, Wilson Farm and easy commute to Cambridge and Boston. Subdivision potential, buyer responsible for all due diligence.

Last Agent to Sell the Property

Miyana Bovan

William Raveis R.E. & Home Services Listed on: 06/23/2016

William Raveis R.E. & Home Services

Last Buyer's Agent

Jacquelyn Hawkinson

Barrett Sotheby's International Realty

Home Details

Home Type

Single Family

Est. Annual Taxes

$52,320

Year Built

1995

Lot Details

0

Listing Details

  • Lot Description: Scenic View(s)
  • Property Type: Single Family
  • Other Agent: 2.50
  • Lead Paint: Unknown
  • Year Round: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1995

Interior Features

  • Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
  • Fireplaces: 2
  • Has Basement: No
  • Fireplaces: 2
  • Primary Bathroom: Yes
  • Number of Rooms: 16
  • Amenities: Public Transportation, Tennis Court, Park, Walk/Jog Trails, Bike Path, Conservation Area, Highway Access, House of Worship, Private School, Public School
  • Electric: 110 Volts, 200 Amps
  • Energy: Insulated Windows, Insulated Doors
  • Flooring: Tile, Hardwood
  • Insulation: Full
  • Interior Amenities: Sauna/Steam/Hot Tub, Wetbar, Whole House Fan
  • Bedroom 2: Second Floor, 17X12
  • Bedroom 3: Second Floor, 14X12
  • Bedroom 4: Second Floor, 14X12
  • Bedroom 5: First Floor, 13X10
  • Bathroom #1: First Floor, 9X8
  • Bathroom #2: Second Floor, 20X8
  • Bathroom #3: Second Floor, 13X7
  • Kitchen: First Floor, 19X15
  • Laundry Room: Second Floor, 7X6
  • Living Room: First Floor, 19X14
  • Master Bedroom: Second Floor, 25X13
  • Master Bedroom Description: Bathroom - Full, Bathroom - Double Vanity/Sink, Ceiling Fan(s), Ceiling - Coffered, Closet - Walk-in, Closet/Cabinets - Custom Built, Flooring - Hardwood, Window(s) - Picture, Double Vanity, Recessed Lighting
  • Dining Room: First Floor, 19X12
  • Family Room: First Floor, 24X24
  • Oth1 Room Name: Entry Hall
  • Oth1 Dimen: 13X12
  • Oth1 Dscrp: Ceiling - Cathedral, Flooring - Stone/Ceramic Tile, Balcony - Interior, Main Level
  • Oth2 Room Name: Office
  • Oth2 Dimen: 9X9
  • Oth2 Dscrp: Flooring - Hardwood, Main Level
  • Oth3 Room Name: Gallery
  • Oth3 Dimen: 15X12
  • Oth3 Dscrp: Skylight, Ceiling - Cathedral, Ceiling Fan(s), Closet, Flooring - Hardwood, Balcony / Deck, Wet bar, Exterior Access, Open Floor Plan, Slider
  • Oth4 Room Name: Study
  • Oth4 Dimen: 9X8
  • Oth4 Dscrp: Flooring - Hardwood
  • Oth5 Dimen: 16X12
  • Oth5 Dscrp: Flooring - Hardwood, Dining Area, Main Level, Exterior Access, Slider
  • Oth6 Room Name: Sitting Room
  • Oth6 Dimen: 15X13
  • Oth6 Dscrp: Wood / Coal / Pellet Stove, Flooring - Hardwood, Main Level

Exterior Features

  • Roof: Asphalt/Fiberglass Shingles
  • Frontage: 130.00
  • Construction: Frame
  • Exterior: Clapboard
  • Exterior Features: Porch, Deck - Wood, Patio, Covered Patio/Deck, Hot Tub/Spa
  • Foundation: Poured Concrete, Fieldstone

Garage/Parking

  • Garage Parking: Attached
  • Garage Spaces: 2
  • Parking: Off-Street, Paved Driveway
  • Parking Spaces: 4

Utilities

  • Cooling: Central Air
  • Heating: Central Heat, Forced Air
  • Cooling Zones: 3
  • Heat Zones: 3
  • Hot Water: Oil
  • Utility Connections: for Electric Oven, for Electric Dryer, Washer Hookup
  • Sewer: City/Town Sewer
  • Water: City/Town Water

Schools

  • Elementary School: Bowman
  • Middle School: Clarke
  • High School: Lhs

Lot Info

  • Zoning: Res

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2016
Closed on
Jul 20, 2016
Sold by
Tung Yuan-Shion and Tung Shu-Lin
Bought by
Christine E Connor T
Seller's Agent
Miyana Bovan
William Raveis R.E. & Home Services
Buyer's Agent
Jacquelyn Hawkinson
Barrett Sotheby's International Realty
List Price
$1,650,000
Sold Price
$1,650,000
Current Estimated Value
$4,466,381

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,816,381
Avg. Annual Appreciation
11.39%

Purchase Details

Closed on
Sep 12, 1994
Sold by
Eisner Diane H
Bought by
Yuan-Shion Tung Shu-Ling and Yuan-Shion Tung
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Christine E Connor T $1,650,000 --
Yuan-Shion Tung Shu-Ling $415,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Yuan-Shion Tung Shu-Ling $250,000
Previous Owner Yuan-Shion Tung Shu-Ling $92,000
Previous Owner Yuan-Shion Tung Shu-Ling $71,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/20/2016 07/20/16 Sold $1,650,000 0.0% $326 / Sq Ft
06/27/2016 06/27/16 Pending -- -- --
06/23/2016 06/23/16 For Sale $1,650,000 -- $326 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $52,320 $4,278,000 $1,072,000 $3,206,000
2024 $54,378 $4,439,000 $1,134,000 $3,305,000
2023 $50,310 $3,870,000 $1,035,000 $2,835,000
2022 $50,812 $3,682,000 $944,000 $2,738,000
2021 $48,509 $3,371,000 $901,000 $2,470,000
2020 $49,175 $3,500,000 $901,000 $2,599,000
2019 $47,556 $3,368,000 $860,000 $2,508,000
2018 $15,415 $1,078,000 $797,000 $281,000
2017 $21,692 $1,497,000 $759,000 $738,000
2016 $21,082 $1,444,000 $697,000 $747,000
2015 $20,433 $1,375,000 $634,000 $741,000
2014 $20,272 $1,307,000 $568,000 $739,000
Source: Public Records

Agents Affiliated with this Home

  • Miyana Bovan

    Seller's Agent in 2016

    Miyana Bovan

    William Raveis R.E. & Home Services

    (781) 698-9251

    3 in this area

    34 Total Sales

    Miyana Bovan
    Section Image
  • Jacquelyn Hawkinson

    Buyer's Agent in 2016

    Jacquelyn Hawkinson

    Barrett Sotheby's International Realty

    (781) 254-1266

    7 in this area

    44 Total Sales

    Jacquelyn Hawkinson
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72028254

MLS Property Information Network (MLS PIN)

APN: LEXI-000014-000000-000116A

Massachusetts Middlesex County Lexington 02421 Follen Heights

48 Summit Rd, Lexington, MA

This home is located at 48 Summit Rd, Lexington, MA 02421 since 23 June 2016 and is currently estimated at $4,466,381, approximately $882 per square foot. This property was built in 1995. 48 Summit Rd is a home located in Middlesex County with nearby schools including Bowman Elementary School, Jonas Clarke Middle School, and Lexington High School.

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