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Methuen Town 01844
11 Lyndale Ave
$500,000
● House - Off Market

11 Lyndale Ave

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,966 Ft²
$580,310
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Nestled in a desirable, quiet neighborhood in West Methuen, this large cape is available for the first time in 40 years!  This home has a large kitchen, four spacious bedrooms, two full bathrooms, a three season porch, a partially finished basement, a detached two car garage, a generator hookup, and a level private backyard. There are many custom features as well, such as built in storage in the 2nd floor bedrooms. Located in the Marsh School district and close to major highways, this home is move-in ready!!
Unit Size
1,966 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$280
Property Type
House
Property Taxes
$380
HOA Dues
-
Year Built
1960

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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: 6 months ago (MLSPIN #73024555)

Price History

Date / Event Date Event Price
Nov 16, 2022 Sold
Premium
Sold
Oct 7, 2022 In contract -
In contract
Sep 27, 2022 Price Decreased $549,900
↓ $10K (1.8%)
Price Decreased
Sep 27, 2022 Price Increased $559,900
↑ $10K (1.8%)
Price Increased
Aug 11, 2022 Listed by Century 21 North East $549,900
Listed by Century 21 North East
Show More

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 1,008
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 15,699
  • Total Building Area: 1,966
  • Gross Building Area: 3,212
  • Building Area: 1,966
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,966
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000360
  • 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: 252201

Zoning

  • Zoning: RB

Geography

  • Account Number: 14612
  • Parcel: METH M:00414 B:00132 L:00160A
  • Block: 132
  • Lot: 160A
  • Municipality: METHUEN
  • Latitude: 42.728
  • Longitude: -71.2217

    Address

  • Full Address: 11 Lyndale Ave
  • Address - House Number: 11
  • Address - Street Name: Lyndale
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Methuen
  • Carrier Code: C037
  • 4-Digit Zip Code: 1422
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $505,700

    Appraisal Valuation

  • Standard Deviation: 0.1692
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 537,258
  • High Value: 628,214
  • Low Value: 446,302

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $432,200
  • Assessed Land Value: $181,700
  • Assessed Improvements Value: $250,500

    Sales

  • Current Sale Contract Date: Nov 16, 2022
  • Current Sale Recording Date: Nov 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 26557
  • Previous Sale Recording Date: Sep 29, 1989
  • Previous Sale Amount: $154,900
  • 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

53

Average Home Size

2235 ft²

Average Home Age

58 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

Unit for rent at 58 Brady, Salem, 03079

$2,900 /mo

  • 3 Beds
  • 2 Baths
  • 1,751 ft²
58 Brady, Salem, 03079 Listing by Nancy Bilodeau

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 6 months ago
Data Source: MLS PIN, MLS# 73024555

Frequently Asked Questions

When was property at 11 Lyndale Avenue built and last sold?
The property at 11 Lyndale Avenue was built in 1960 and last sold on Nov 16, 2022 for $500,000.
How much is this home worth?
The estimated value of the home located at 11 Lyndale Avenue is $555,091.
What are some comparable homes to 11 Lyndale Avenue?
There are currently no comparable homes to 11 Lyndale Avenue.
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