
27 Carriage Drive Lexington — Photo 1 of 42
$2,898,000
Investment Analysis — 27 Carriage Drive
Lexington, MA 02420
Based on HUD Small Area Fair Market Rent for Boston-Cambridge-Quincy, MA-NH HUD Metro FMR Area, a 6-bedroom in 02420 carries an estimated $4,830/mo in gross rent — about a 0.44% cap rate and $12,820/yr in estimated NOI at the $2,898,000 list price. Adjust every assumption in the calculator below.
Beds
6
Baths
4.5
SqFt
6,784
Style
Single Family
Built
1991
Sited on 1.39 acres at the end of a cul-de-sac and abutting conservation land, this young custom-built home is the unicorn you've been searching for. Quality is evident from the moment you step into the grand two-story foyer, featuring a bridal staircase, marble flooring, and a beautiful chandelier. The foyer leads to an elegant office with a bay window, cherry cabinetry, and cherry flooring. The living and dining rooms, with gleaming cherry floors, soaring ceilings, and arched windows, flow seamlessly together and are filled with natural light. The spacious cook's kitchen is appointed with high-end appliances and a walk-in pantry. Privately situated off the kitchen are a cathedral-ceilinged great room/ bedroom and an adjacent bedroom. The second floor offers four additional bedrooms, including a primary suite with a cathedral ceiling, two walk-in closets, and a skylit bath featuring a soaking tub, double sinks, and a sauna. The beautifully landscaped grounds showcase mature plantings, handsome stone walls, brick walkways, Azec deck and exceptional privacy. Be sure to view the finished lower level with media and craft rooms, sliders opening to a paver patio with stone tables, seating and a gas fire pit. Features include- Generac generator, a private well for irrigation (new pump 2026), Bathrooms remodeled in 2020, Level 2 EV Charger, walk-up attic, garage with direct access to basement, spray foam attic insulation, 2015 roof, cherry floors refinished in 2026. Convenient to the Marvin Street playground, Route 4 & 225 and 128. Custom built by highly regarded local builder Dick Perry, this is a home where thoughtful craftsmanship and an outstanding setting come together.
ADU Potential
Massachusetts allows one accessory dwelling unit by right in single-family zoning districts statewide (M.G.L. c. 40A §3; 760 CMR 71.00, effective Feb 2025). Estimated maximum ADU size for this property: 900 sq ft (the lesser of 900 sq ft or half the 6,784 sq ft principal dwelling). Lot size: 60,492 sq ft.
Based on listing data, which indicates the property type — not the zoning district. Local dimensional, septic (Title 5), and historic-district requirements still apply. Not legal advice — verify with the municipality.
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Open Houses
Property Details
Financials
Parking
Interior Specifications
Climate & Utilities
Building & Exterior
Property & Lot
Amenities & Appliances
Water Heater • Range • Dishwasher • Disposal • Microwave • Refrigerator • Washer • Dryer • Wine Refrigerator • Range Hood • Plumbed For Ice Maker
Neighborhood
Public Transportation • Park • Walk/Jog Trails • Conservation Area • Highway Access • House of Worship
Geography
Floorplan Breakdown
Structural Layout
Living Room
Lvl First19 x 15
Flooring - Hardwood, Open Floorplan, Recessed Lighting, Archway, Crown Molding, Decorative Molding
Dining Room
Lvl First15 x 14
Flooring - Hardwood, Recessed Lighting, Lighting - Overhead, Archway, Crown Molding, Decorative Molding
Kitchen
Lvl First32.666666666 x 14
Flooring - Hardwood, Window(s) - Bay/Bow/Box, Pantry, Countertops - Stone/Granite/Solid, Kitchen Island, Breakfast Bar / Nook, Deck - Exterior, Exterior Access, Open Floorplan, Recessed Lighting, Slider, Wine Chiller, Crown Molding
Office
Lvl First16.25 x 14.25
Closet/Cabinets - Custom Built, Flooring - Hardwood, Window(s) - Bay/Bow/Box
Family Room
Lvl Main,First25 x 18
Flooring - Hardwood, Deck - Exterior, Exterior Access, Recessed Lighting
Master Bedroom
Lvl Second18.75 x 16.25
Bathroom - Full, Bathroom - Double Vanity/Sink, Skylight, Cathedral Ceiling(s), Walk-In Closet(s), Flooring - Wall to Wall Carpet, Window(s) - Bay/Bow/Box, Window(s) - Picture, Hot Tub / Spa, Double Vanity, Recessed Lighting, Steam / Sauna
Bedroom 2
Lvl Second17 x 16.083333333
Bedroom 3
Lvl Second15.333333333 x 15
Bathroom - Full, Closet, Flooring - Stone/Ceramic Tile, Flooring - Wall to Wall Carpet, Window(s) - Bay/Bow/Box
Bedroom 4
Lvl Second15.083333333 x 13.083333333
Bathroom - Full, Closet, Flooring - Stone/Ceramic Tile, Flooring - Wall to Wall Carpet
Bedroom 5
Lvl First24.5 x 15.333333333
Cathedral Ceiling(s), Closet, Closet/Cabinets - Custom Built, Flooring - Wall to Wall Carpet, Recessed Lighting
Bathroom 1
Lvl First8 x 6.25
Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile
Bathroom 2
Lvl Second16.25 x 8.833333333
Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Tub & Shower, Cathedral Ceiling(s), Countertops - Stone/Granite/Solid, Jacuzzi / Whirlpool Soaking Tub, Steam / Sauna
Bathroom 3
Lvl Second7.5 x 7.5
Bathroom - Full, Bathroom - Tiled With Shower Stall, Skylight, Flooring - Stone/Ceramic Tile
Listing Agent: Lester Savage
Listing Office: Berkshire Hathaway HomeServices Commonwealth Real Estate
MLS® Number: 73574816