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Methuen Town 01844
1 Highwoods Drive
$525,900
● House - Off Market

1 Highwoods Drive

Methuen, MA 01844
bedrooms
6 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
4,080 Ft²
$1,154,619
RealtyHop Estimate
109.97%
Since Mar 1, 2013
National-US
Primary Model

About This Property

STUNNING COLONIAL HOME ON ALMOST 2 ACRES!! Gourmet Kitchen w/ HW Floor, Cherry Cabinets, Granite Counters, SS Appliances & Breakfast Bar! Cozy LR w/ Gas Fireplace & Separate Dining Room! Great Family Room, Office & 1/2 Bath Finish Main Level! Master Bedroom has 2 Walk-In Closets & Master Bath w/ Double Vanity & Jacuzzi Tub! 4 Carpeted Bedrooms & Full Bath Complete 2nd Level! Finished Attic has Large Bedroom & Full Bath! Finished Basement w/ Play Room! 2 Car Garage, Deck & Patio! See it today!
Unit Size
4,080 Ft²
Days on Market
-
Land Size
1.88 acres
Price per sqft
$135
Property Type
House
Property Taxes
$641
HOA Dues
-
Year Built
1997

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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 months ago (MLSPIN #71449398)

Price History

Date / Event Date Event Price
Feb 10, 2021 Sold
Premium
Sold
Dec 6, 2020 Listed by McGeough Lamacchia Realty, Inc $874,800
Listed by McGeough Lamacchia Realty, Inc
Feb 4, 2013 Sold
Premium
Sold
Oct 19, 2012 Listed by McGeough Lamacchia Realty, Inc $549,900
Listed by McGeough Lamacchia Realty, Inc
Jul 9, 1997 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,904
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 81,893
  • Total Building Area: 4,746
  • Gross Building Area: 8,076
  • Building Area: 4,746
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 4,746
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001880
  • 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: 252102

Zoning

  • Zoning: RR

Geography

  • Account Number: 209
  • Parcel: METH M:00216 B:00129C L:00056
  • Block: 129C
  • Lot: 56
  • Municipality: METHUEN
  • Latitude: 42.7201
  • Longitude: -71.2391

    Address

  • Full Address: 1 Highwoods Dr
  • Address - House Number: 1
  • Address - Street Name: Highwoods
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Methuen
  • Carrier Code: R008
  • 4-Digit Zip Code: 1487
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $994,500

    Appraisal Valuation

  • Standard Deviation: 0.1547
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 1,039,746
  • High Value: 1,200,735
  • Low Value: 878,756

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $850,000
  • Assessed Land Value: $241,500
  • Assessed Improvements Value: $608,500

    Sales

  • Current Sale Contract Date: Jan 25, 2021
  • Current Sale Recording Date: Feb 10, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 4670
  • Previous Sale Recording Date: Feb 04, 2013
  • Previous Sale Amount: $525,900
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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

2192 ft²

Average Home Age

54.9 years

Currently For Sale

77 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71449398

Frequently Asked Questions

When was property at 1 Highwoods Drive built and last sold?
The property at 1 Highwoods Drive was built in 1997 and last sold on Jan 25, 2021 for $840,000.
How much is this home worth?
The estimated value of the home located at 1 Highwoods Drive is $872,612.
What are some comparable homes to 1 Highwoods Drive?
There are currently no comparable homes to 1 Highwoods Drive.
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