578 Marrett Rd

4,434 Sq. Ft.
$377 / Sq. Ft.
4,434
Sq. Ft.
$377
per Sq. Ft.

Description

This versatile property, owned and maintained by the same family for nearly 50 years, with a strong rental history, offers excellent income potential with two separate dwellings. The larger building, currently configured as three units, could be used as a rental property or converted into a spacious 2,300 square foot, 3-4 bedroom home. See MLS attachments to review a rough plan. A new roof (one year old) and fresh exterior paint enhance its appeal. The second dwelling provides valuable rental income...This versatile property, owned and maintained by the same family for nearly 50 years, with a strong rental history, offers excellent income potential with two separate dwellings. The larger building, currently configured as three units, could be used as a rental property or converted into a spacious 2,300 square foot, 3-4 bedroom home. See MLS attachments to review a rough plan. A new roof (one year old) and fresh exterior paint enhance its appeal. The second dwelling provides valuable rental income or could be a private residence for extended family or guests. In addition to a one car garage, there is plenty of exterior storage space. Buyer and/or buyer's agent to perform due diligence. The seller and listing agent make no representations regarding future use.
  1. Listed by Martha Sevigny • William Raveis R.E. & Home Services

Property Details for 578 Marrett Road

Town
Lexington
Area
MA-Lexington
Garage Spaces
1
Open Parking Spaces
10.00
Parking Spaces Total
10
LISTING CLOSED: 03/20/2025 12:00 AM

Property Details for 578 Marrett Road

StatusSold
MLS #73338203
Days on Market10
Taxes$20,106 / year
HOA Fees-
Property TypeMulti Family
MLS TypeMulti-family / 5+ Family - 5+ Units Up/Down
Year Built1900
CountyMiddlesex County

Location

Listing Courtesy of William Raveis R.E. & Home Services, Martha Sevigny

Sold By Keller Williams Realty Boston Northwest, Keystone Homes Group

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Building Information for 578 Marrett Road

Stories6Residences5Year Built1900Building Size-Lot Size0.40 AC / 17,242 SF

Payment Calculator

$9,997 per month

30 year fixed, 6.36% Interest

Principal and Interest

$8,322

Property Taxes

$1,676

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 578 Marrett Road

General Details
Property Details
  • Building Area Units: Square Feet
  • Current Financing: Cash
  • Living Area: 4434.0
  • Color: Sand
  • SqFt with Basement: Yes
  • Total Units: 5
  • Waterfront: No
  • Year Built Details: Actual
  • Year Built Source: Public Records
Location/School
  • Grade School: Verify W/ Lps
  • High School: Lhs
  • Middle School: Clarke Ms
Features
Interior Features
  • Appliances: Range, Dishwasher, Disposal, Refrigerator
  • Num of Baths: 7.0
  • Num of Full Baths: 5
  • Num of Half Baths: 2
  • Bathrooms Total Decimal: 6.00
  • Bathrooms Total Integer: 7
  • FireplaceFeatures: Gas
  • FireplaceYN: Yes
  • Fireplaces: 2
  • Flooring: Varies, Tile, Hardwood, Carpet
  • Interior Features: Ceiling Fan(s), Cathedral/Vaulted Ceilings, Walk-In Closet(s), Slider, Cedar Closet(s), Open Floorplan, Bathroom with Shower Stall, Kitchen, Laundry Room, Living RM/Dining RM Combo, Mudroom, Office/Den, Living Room, Dining Room
  • Interior Features: Window AC
  • SpaYN: No
  • Window Features: Box/Bay/Bow Window(s), Skylight(s)
Exterior Features
  • Construction: Frame
  • Exterior Features: Balcony/Deck
  • Exterior Features: Deck
  • Lot Description: Gentle Sloping
  • Patio And Porch Features: Deck
  • Roof Material: Shingle
Parking Features
  • Covered Spaces: 1.00
  • Garage: Yes
  • Garage Parking: Off-Street, Assigned
  • Parking Features: Off-Street, Assigned
  • Parking Features: Off-Street, Assigned
Utilities
  • Cooling: Ductless Mini-Split System, Window AC, Central Air
  • Cooling: Yes
  • Electric: Circuit Breakers
  • Heating: Natural Gas
  • Heating: Yes
  • Sewer: City/Town Sewer
  • Water: Public
Property Information
Property Info
  • Year Round: Yes
  • Farm Land Area Units: Square Feet
  • WARRANTY: No
  • Lot Size Units: Acres
  • Disclosures: Unit 1 was previously a 2 bdr and could easily be converted back. See attached plans.Please note that property is in RS zone for single family,but is pre-existing,non-conforming use.
Tax Information
  • Tax ID: M:0042 L:000053,552298
  • Assessments: $1,644,000
  • Book: 71433
  • Tax Year: 2025
  • Zoning: RS
Building / Association Information
Living Characteristics
  • Beds Total: 5
  • Total Living Levels: 6
Other Building Characteristics
  • Foundation: Stone
  • Frontage: 116.00
  • Levels: 6
Income / Expenses
  • GOI: $120,900.00
  • NOI: $120,900.00
Complex & Association Information
  • Adult Community: No
Unit Information
Unit 1 Description
  • Floor U1: 1
  • Lease U1: Y
  • Levels U1: 2
Unit 2 Description
  • Floor U2: 2
  • Lease U2: Y
  • Levels U2: 1
Unit 3 Description
  • Floor U3: 1
  • Lease U3: N
  • Levels U3: 1
Unit 4 Description
  • Floor U4: 0
  • Lease U4: Y
  • Levels U4: 1
Rental Info
Rental Info
  • Total Actual Rent: $10,075.00

Property History for 578 Marrett Road

DateEvent & SourcePriceAppreciation
Mar 20, 2025

Sold

MLS PIN #73338203

$1,670,000
Mar 17, 2025

Sold (Public Record)

Public Record #1553790552

$1,670,000
Mar 2, 2025

Canceled

MLS PIN #73338205

$1,599,000
DateEvent & SourcePrice
03/20/2025

Sold

MLS PIN #73338203

$1,670,000
03/17/2025

Sold (Public Record)

Public Record #1553790552

$1,670,000
03/02/2025

Canceled

MLS PIN #73338205

$1,599,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 578 Marrett Road

Taxable ValueLand$1,272,000Additions$372,000Total$1,644,000
Tax Record2025$20,106 ($1,676 / month)
Home Facts
Total Finished SqFt1,044 SqFtAbove Grade Finished SqFt1,044 SqFtStories1Lot Size17,242 SqFtStyleMulti-Family Dwelling (2-4)Year Built1900ZoningRSCountyMIDDLESEXAPNLEXI M:0042 L:000053

Schools near 578 Marrett Road

This home is within Lexington School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Bridge Elementary School
PublicK to 5

Jonas Clarke Middle School
Public6 to 8

Lexington High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of William Raveis R.E. & Home Services, Martha Sevigny

The property listing data and information, or the images, set forth herein were provided to MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS. The property listing data and information, and the images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc., Martha's Vineyard MLS, CCIMLS, Link MLS, and Berkshire County Board of REALTORS and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the images, set forth herein.