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Methuen Town 01844
LOT 1 Heritage Estates
$722,000
● House - Off Market

LOT 1 Heritage Estates

North Andover, MA 01844
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,425 Ft²
$1,958,176
RealtyHop Estimate
171.97%
Since Jul 1, 2001
National-US
Primary Model

About This Property

"THE BRENTWOOD..10 ROOM OPEN FOYER COLONIAL WITH CIRCULAR STAIRCASE.  TRAY CEILING IN MASTER BEDROOM.  THREE STALL GARAGE.  SEE SPECS FOR ADDITIONAL INFO.
Unit Size
3,425 Ft²
Days on Market
-
Land Size
0.64 acres
Price per sqft
$210
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1985

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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: 4 years ago (MLSPIN #30466247)

Price History

Date / Event Date Event Price
Aug 13, 2021 Sold
Premium
Sold
Apr 28, 2021 Listed $649,900
Listed
Jun 22, 2001 Sold
Premium
Sold
Dec 14, 2000 Listed $720,000
Listed
Jan 4, 1993 Sold
Premium
Sold

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,232
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,016
  • Total Building Area: 3,147
  • Gross Building Area: 4,955
  • Building Area: 3,147
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,147
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000460
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Methuen School District
  • School Tax School District: METHUEN SD
  • Census Tract: 252602

Zoning

  • Zoning: RB

Geography

  • Account Number: 14011
  • Parcel: METH M:00708 B:00069 L:00162
  • Block: 69
  • Lot: 162
  • Municipality: METHUEN
  • Latitude: 42.7575
  • Longitude: -71.1777

    Address

  • Full Address: 1 Heritage Ln
  • Address - House Number: 1
  • Address - Street Name: Heritage
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Methuen
  • Carrier Code: R009
  • 4-Digit Zip Code: 1739
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $759,800

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 828,197
  • High Value: 959,015
  • Low Value: 697,380

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $649,400
  • Assessed Land Value: $200,000
  • Assessed Improvements Value: $449,400

    Sales

  • Current Sale Contract Date: Aug 13, 2021
  • Current Sale Recording Date: Aug 13, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 27200
  • Previous Sale Recording Date: Jan 04, 1993
  • Previous Sale Amount: $229,125
  • Previous Sale Document Type: 27
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 Methuen Town

Stats & Trends

Median Asking:

$599,900

Sale Price/ft²

$325

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2218 ft²

Average Home Age

55.9 years

Currently For Sale

79 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

Unit for rent at 5 Sally Sweets, Salem, 03079

$3,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,346 ft²
5 Sally Sweets #129, Salem, 03079 Listing by Josh Judge

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30466247

Frequently Asked Questions

When was property at 1 Heritage Lane built and last sold?
The property at 1 Heritage Lane was built in 1985 and last sold on Aug 13, 2021 for $677,500.
How much is this home worth?
The estimated value of the home located at 1 Heritage Lane is $658,766.
What are some comparable homes to 1 Heritage Lane?
There are currently no comparable homes to 1 Heritage Lane.
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