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Methuen Town 01844
11 Magnolia Rd
$325,000
● House - Off Market

11 Magnolia Rd

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,314 Ft²
$476,938
RealtyHop Estimate
46.75%
Since Aug 1, 2019
National-US
Primary Model

About This Property

Don't miss this gem! This ranch is located in a quiet neighborhood yet still close to shopping, the movie theater, restaurants, the hospital and the highway. This home has an abundant amount of natural light,  a spacious front to back living room, eat in kitchen, great size bedrooms, a sun room and gleaming hardwood floors throughout, move right in! Finish the basement for more space. Enjoy the sunshine in the yard all season long!
Unit Size
1,314 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$247
Property Type
House
Property Taxes
$301
HOA Dues
-
Year Built
1958

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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 #72511373)

Price History

Date / Event Date Event Price
Jul 30, 2019 Sold
Premium
Sold
Jun 3, 2019 Listed by Century 21 North East $325,000
Listed by Century 21 North East

Property Highlights

Parking Available
Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 1,288
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 1,314
  • Gross Building Area: 2,658
  • Building Area: 1,314
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,314
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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: 252501

Zoning

  • Zoning: RD

Geography

  • Account Number: 12439
  • Parcel: METH M:00816 B:00096 L:00030M
  • Block: 96
  • Lot: 30M
  • Municipality: METHUEN
  • Latitude: 42.725
  • Longitude: -71.1635

    Address

  • Full Address: 11 Magnolia Rd
  • Address - House Number: 11
  • Address - Street Name: Magnolia
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Methuen
  • Carrier Code: C045
  • 4-Digit Zip Code: 4920
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $433,400

    Appraisal Valuation

  • Standard Deviation: 0.1874
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 469,612
  • High Value: 557,648
  • Low Value: 381,577

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $370,400
  • Assessed Land Value: $168,000
  • Assessed Improvements Value: $202,400

    Sales

  • Current Sale Contract Date: Jul 29, 2019
  • Current Sale Recording Date: Jul 30, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 17809
  • Previous Sale Recording Date: Aug 10, 2016
  • 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

2186 ft²

Average Home Age

58.3 years

Currently For Sale

74 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: 5 months ago
Data Source: MLS PIN, MLS# 72511373

Frequently Asked Questions

When was property at 11 Magnolia Road built and last sold?
The property at 11 Magnolia Road was built in 1958 and last sold on Jul 29, 2019 for $325,000.
How much is this home worth?
The estimated value of the home located at 11 Magnolia Road is $334,662.
What are some comparable homes to 11 Magnolia Road?
There are currently no comparable homes to 11 Magnolia Road.
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