3 PENNY LN
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Location
3 PENNY LN
Mblu
65/ / 4D/ /
Acct#
Owner
ELVERUM KRISTIAN J & JENNIFER L TRUSTEES
Total Market Value
$3,079,000
PID
103476
Building Count
1
Current Value
Assessment
Valuation YearImprovementsLandTotal
2026$1,812,000$1,267,000$3,079,000

Owner of Record
OwnerELVERUM KRISTIAN J & JENNIFER L TRUSTEES
Co-Owner2012 REVOCABLE TRUST JENNIFER L ELVERUM
Address3 PENNY LN
LEXINGTON, MA 02421
Sale Price$2,300,000
Certificate
Book & Page 01561/0042
Sale Date08/07/2020
Instrument00

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
ELVERUM KRISTIAN J & JENNIFER L TRUSTEES$2,300,000 01561/00420008/07/2020
167-173-177 CEDAR STREET LLC$5,000,000 01518/00331V11/02/2017

Building Information
Building 1 : Section 1
Year Built: 2019
Living Area: 3,262
Replacement Cost: $1,925,024
Building Percent Good: 94
Replacement Cost
Less Depreciation:
$1,810,000
Building Attributes
FieldDescription
Style:CONTP. COL.
ModelResidential
Grade:A-
Stories:2.5
Occupancy1
Exterior Wall 1CDR/CPBD/HPLNK
Exterior Wall 2 
Roof Structure:GABLE/HIP
Roof CoverARCH SHING
Interior Wall 1SKIM COAT PLST
Interior Wall 2 
Interior Flr 1HARDWOOD
Interior Flr 2 
Heat FuelGAS
Heat Type:FORCED AIR DUC
AC Type:CENTRAL
Total Bedrooms:5 Bedrooms
Total Bthrms:5
Total Half Baths:1
Total Xtra Fixtrs:2
Total Rooms:11
Bath Style:Modern
Kitchen Style:Excellent
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
DUTDUTCH COL 1,755 1,580
BASFirst Floor 1,538 1,538
FATAttic, Finished 722 144
FBMBasement, Finished 1,056 0
FGRGarage, Finished 588 0
FOPPorch, Open, Finished 202 0
UBMBasement, Unfinished 482 0
WDKDeck, Wood 192 0
   6,535 3,262

Extra Features
Extra Features
CodeDescriptionSizeBldg #
FPLFIREPLACE1.00 UNITS1

Land
Land Use
Use Code1010
DescriptionSingle Fam MDL-01  
ZoneRS
Neighborhood95
Alt Land ApprNo
Category
Land Line Valuation
Size (Sqr Feet)79658
Frontage75
Depth
Total Market Land$1,267,000

Outbuildings
Outbuildings

No Data for Outbuildings

Valuation History
Assessment
Valuation YearImprovementsLandTotal
2026$1,812,000$1,267,000$3,079,000
2025$1,743,000$1,209,000$2,952,000
2024$1,701,000$1,151,000$2,852,000
2023$1,479,000$1,052,000$2,531,000

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