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Methuen Town 01844
1 Meghans Way
$551,000
● House - Off Market

1 Meghans Way

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,811 Ft²
$1,022,122
RealtyHop Estimate
85.87%
Since Jul 1, 2014
National-US
Primary Model

About This Property

Wow! Beautiful 9 room, 4 bedroom, 2.5 bath colonial with upgrades galore. Huge kitchen with granite counter-tops, hardwood floors, and custom cabinetry. Dramatic foyer, custom wood work throughout, gorgeous fireplace in living room, and master suite with trey ceilings, fireplace, and hot tub in bathroom. All this and more on a beautifully landscaped one acre lot with over sized deck, stone patio and brick pavers front walkway
Unit Size
3,811 Ft²
Days on Market
-
Land Size
1.02 acres
Price per sqft
$144
Property Type
House
Property Taxes
$680
HOA Dues
-
Year Built
2002

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 5 months ago (MLSPIN #71656884)

Price History

Date / Event Date Event Price
Jun 26, 2014 Sold
Premium
Sold
Apr 7, 2014 Listed by Coco, Early & Associates $549,900
Listed by Coco, Early & Associates
Jul 2, 2003 Sold
Premium
Sold
Dec 30, 2002 Listed by Coco, Early & Associates $589,000
Listed by Coco, Early & Associates
Aug 19, 2002 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 1,612
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 87,991
  • Total Building Area: 3,811
  • Gross Building Area: 6,480
  • Building Area: 3,811
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,811
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002020
  • 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: RR

Geography

  • Account Number: 8941
  • Parcel: METH M:00906 B:00074 L:00073
  • Block: 74
  • Lot: 73
  • Municipality: METHUEN
  • Latitude: 42.7751
  • Longitude: -71.1592

    Address

  • Full Address: 1 Meghans Way
  • Address - House Number: 1
  • Address - Street Name: Meghans
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Methuen
  • Carrier Code: R004
  • 4-Digit Zip Code: 1266
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,022,500

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 1,084,598
  • High Value: 1,255,915
  • Low Value: 913,281

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $873,900
  • Assessed Land Value: $231,600
  • Assessed Improvements Value: $642,300

    Sales

  • Current Sale Recording Date: Jun 26, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 13324
  • Previous Sale Recording Date: Jul 02, 2003
  • Previous Sale Amount: $579,900
  • 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

$327

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2190 ft²

Average Home Age

54.1 years

Currently For Sale

71 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 387 Main St., Salem, 03079

$2,400 /mo

  • 1 Bed
  • 1 Bath
  • 1,096 ft²
387 Main St. #3, Salem, 03079 Listing by Daniel Mendonca

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71656884

Frequently Asked Questions

When was property at 1 Meghans Way built and last sold?
The property at 1 Meghans Way was built in 2002 and last sold on Jan 1, 1970 for $551,000.
How much is this home worth?
The estimated value of the home located at 1 Meghans Way is $593,369.
What are some comparable homes to 1 Meghans Way?
There are currently no comparable homes to 1 Meghans Way.
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