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Methuen Town 01844
1 Landmark Drive
$400,000
● House - Off Market

1 Landmark Drive

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,120 Ft²
$896,597
RealtyHop Estimate
118.74%
Since Feb 1, 2004
National-US
Primary Model

About This Property

THE PRIDE OF ORIGINAL OWNERSHIP SHINES THRU THIS IMMAC 4B/RM IN A MOST DESIRABLE METH NEIGH. THIS LOVELY HOME BOASTS OF TILE FOYER,FRML LR & DR W/HDWD CUSTOM KITC W/TILE FLR FR W/GAS F/P & A 4 SEASON ROOM C/A W/UP ATTIC SEC SYS & IRR SYS
Unit Size
2,120 Ft²
Days on Market
-
Land Size
0.57 acres
Price per sqft
$193
Property Type
House
Property Taxes
$278
HOA Dues
-
Year Built
1986

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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 #30754428)

Price History

Date / Event Date Event Price
Jan 30, 2004 Sold
Premium
Sold
Aug 7, 2003 Listed by Coco, Early & Associates $409,900
Listed by Coco, Early & Associates

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 912
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 24,999
  • Total Building Area: 2,394
  • Gross Building Area: 4,520
  • Building Area: 2,394
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,394
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LANDMARK WEST
  • Land Acres: 0000000574
  • 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: RB

Geography

  • Account Number: 2569
  • Parcel: METH M:00418 B:00154 L:00013C
  • Block: 154
  • Lot: 13C
  • Municipality: METHUEN
  • Latitude: 42.7081
  • Longitude: -71.2204

    Address

  • Full Address: 1 Landmark Dr
  • Address - House Number: 1
  • Address - Street Name: Landmark
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Methuen
  • Carrier Code: R012
  • 4-Digit Zip Code: 2363
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $661,600

    Appraisal Valuation

  • Standard Deviation: 0.171
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 702,903
  • High Value: 823,144
  • Low Value: 582,662

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $565,500
  • Assessed Land Value: $195,500
  • Assessed Improvements Value: $370,000

    Sales

  • Current Sale Recording Date: Jan 30, 2004
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 3830
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

52

Average Home Size

2235 ft²

Average Home Age

55.5 years

Currently For Sale

73 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 30754428

Frequently Asked Questions

When was property at 1 Landmark Drive built and last sold?
The property at 1 Landmark Drive was built in 1986 and last sold on Jan 1, 1970 for $400,000.
How much is this home worth?
The estimated value of the home located at 1 Landmark Drive is $426,809.
What are some comparable homes to 1 Landmark Drive?
There are currently no comparable homes to 1 Landmark Drive.
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