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Methuen Town 01844
11 Glen Forest Ln
$480,000
● House - Off Market

11 Glen Forest Ln

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,310 Ft²
$443,786
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

This location will not disappoint!  Appealing dead end street with a manicured level yard is very close to shopping, highways, YMCA and restaurants.  Ranch style home is a plus for one level living. No worries this winter with a brand new furnace in 2022.  Hardwood floors in each of the 3 bedrooms and newer carpet in the living room.   Enjoy this incredible fenced in back yard with so much potential!  Shed in the back yard for convenient storage.  One car garage with oversized breezeway with many possibilities.  Double wide driveway too!  Partially finished basement with washer and dryer hookups, along with extra space that could be finished with a little TLC.
Unit Size
1,310 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$340
Property Type
House
Property Taxes
$374
HOA Dues
-
Year Built
1956

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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: 5 months ago (MLSPIN #73117467)

Price History

Date / Event Date Event Price
Jul 20, 2023 Sold
Premium
Sold
Jun 5, 2023 In contract -
In contract
May 30, 2023 Listed by Crimson Real Estate Agency, LLC $445,000
Listed by Crimson Real Estate Agency, LLC

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,008
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,450
  • Total Building Area: 1,310
  • Gross Building Area: 2,736
  • Building Area: 1,310
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,310
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000401
  • 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: 252101

Zoning

  • Zoning: RD

Geography

  • Account Number: 6664
  • Parcel: METH M:00516 B:00153A L:00036Q
  • Block: 153A
  • Lot: 36Q
  • Municipality: METHUEN
  • Latitude: 42.7049
  • Longitude: -71.1982

    Address

  • Full Address: 11 Glen Forest Ln
  • Address - House Number: 11
  • Address - Street Name: Glen Forest
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Methuen
  • Carrier Code: C024
  • 4-Digit Zip Code: 3307
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $449,200

    Appraisal Valuation

  • Standard Deviation: 0.1807
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 480,016
  • High Value: 566,776
  • Low Value: 393,257

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $383,900
  • Assessed Land Value: $172,900
  • Assessed Improvements Value: $211,000

    Sales

  • Current Sale Contract Date: Jul 20, 2023
  • Current Sale Recording Date: Jul 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 11544
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

53

Average Home Size

2214 ft²

Average Home Age

58.1 years

Currently For Sale

65 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: 5 months ago
Data Source: MLS PIN, MLS# 73117467

Frequently Asked Questions

When was property at 11 Glen Forest Lane built and last sold?
The property at 11 Glen Forest Lane was built in 1956 and last sold on Jul 20, 2023 for $480,000.
How much is this home worth?
The estimated value of the home located at 11 Glen Forest Lane is $452,716.
What are some comparable homes to 11 Glen Forest Lane?
There are currently no comparable homes to 11 Glen Forest Lane.
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