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Methuen Town 01844
11 Redgate Drive
$485,000
● House - Off Market

11 Redgate Drive

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,512 Ft²
$490,280
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Welcome home! Single-level living at its finest with this Methuen ranch in a sought after neighborhood. This home has a large living area, and eat-in kitchen/ dining combo with three well appointed bedrooms. Features include Central A/C, hardwood floors, fenced yard, and finished basement. Pride of ownership shows in this beautiful home. A commuter's dream- nearby to Routes 93, 495, and 213. A short ride away to mountains, beaches, The Loop, and Tax-Free New Hampshire. Offers due by Monday 6/27 at 3pm.
Unit Size
1,512 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$317
Property Type
House
Property Taxes
$360
HOA Dues
-
Year Built
1971

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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: 4 months ago (MLSPIN #72994437)

Price History

Date / Event Date Event Price
Jul 27, 2022 Sold
Premium
Sold
Jun 22, 2022 Listed by Connie Doto Realty Group $479,217
Listed by Connie Doto Realty Group
Oct 14, 2016 Sold
Premium
Sold
Jul 19, 2016 Listed by Connie Doto Realty Group $315,000
Listed by Connie Doto Realty Group
Jan 14, 2005 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 6
  • 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: 19
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,942
  • Total Building Area: 1,512
  • Gross Building Area: 2,093
  • Building Area: 1,512
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,512
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: 618R BOSTON ST
  • Land Acres: 0000000297
  • 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: 252502

Zoning

  • Zoning: RC

Geography

  • Account Number: 3986
  • Parcel: METH M:00912 B:00080 L:00032K
  • Block: 80
  • Lot: 32K
  • Municipality: METHUEN
  • Latitude: 42.7362
  • Longitude: -71.1582

    Address

  • Full Address: 11 Redgate Dr
  • Address - House Number: 11
  • Address - Street Name: Redgate
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Methuen
  • Carrier Code: C016
  • 4-Digit Zip Code: 4638
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $461,100

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 511,545
  • High Value: 604,539
  • Low Value: 418,552

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $394,100
  • Assessed Land Value: $182,400
  • Assessed Improvements Value: $211,700

    Sales

  • Current Sale Contract Date: Jul 27, 2022
  • Current Sale Recording Date: Jul 27, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 17851
  • Previous Sale Recording Date: Oct 14, 2016
  • Previous Sale Amount: $315,000
  • Previous Sale Document Type: O
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

$326

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2218 ft²

Average Home Age

56.4 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: 4 months ago
Data Source: MLS PIN, MLS# 72994437

Frequently Asked Questions

When was property at 11 Redgate Drive built and last sold?
The property at 11 Redgate Drive was built in 1971 and last sold on Jul 27, 2022 for $485,000.
How much is this home worth?
The estimated value of the home located at 11 Redgate Drive is $481,548.
What are some comparable homes to 11 Redgate Drive?
There are currently no comparable homes to 11 Redgate Drive.
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