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Methuen Town 01844
113 Rolling Ridge Lane
$650,000
● House - Off Market

113 Rolling Ridge Lane

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,193 Ft²
$3,772
Est. Monthly

About This Property

Welcome home to this Gambrel style home which features  Eat-in Kitchen with Maple Cabinets,  Mocha Glaze, Granite countertops, Tile Backsplash, Granite Island, Stainless Steel appliances, Gas Stove, and Tile floor. Living room has Hardwood flooring for a warm, inviting atmosphere with wood burning fireplace. Family Room with Hardwood flooring.  Master bedroom with walk-in-closet Partially Finished Lower-Level w/ Built-ins/Rec Area, Laundry, Workshop, Daylight windows & Walk-Out. Private back yard w/ Screened Porch, Patio, shed & Fire pit.
Unit Size
2,193 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$303
Property Type
House
Property Taxes
$506
HOA Dues
-
Year Built
1983

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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 #73256423)

Price History

Date / Event Date Event Price
Oct 8, 2024 Sold
Premium
Sold
Aug 27, 2024 In contract -
In contract
Aug 7, 2024 Relisted $375,000
Relisted
Aug 1, 2024 In contract -
In contract
Jun 24, 2024 Listed by Berkshire Hathaway HomeServices Verani Realty Salem $665,000
Listed by Berkshire Hathaway HomeServices Verani Realty Salem
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 816
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 20,081
  • Total Building Area: 2,193
  • Gross Building Area: 3,595
  • Building Area: 2,193
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,193
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000461
  • 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: 252603

Zoning

  • Zoning: RA

Geography

  • Account Number: 3077
  • Parcel: METH M:00808 B:00077 L:00067G
  • Block: 77
  • Lot: 67G
  • Municipality: METHUEN
  • Latitude: 42.7607
  • Longitude: -71.1648

    Address

  • Full Address: 113 Rolling Ridge Ln
  • Address - House Number: 113
  • Address - Street Name: Rolling Ridge
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Methuen
  • Carrier Code: R004
  • 4-Digit Zip Code: 2669
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $579,200

    Appraisal Valuation

  • Standard Deviation: 0.1712
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 661,418
  • High Value: 774,673
  • Low Value: 548,162

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $495,000
  • Assessed Land Value: $200,200
  • Assessed Improvements Value: $294,800

    Sales

  • Current Sale Recording Date: Nov 14, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 25755
  • Previous Sale Recording Date: May 31, 1990
  • Previous Sale Amount: $192,000
  • 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

2157 ft²

Average Home Age

55.2 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73256423

Frequently Asked Questions

When was property at 113 Rolling Ridge Lane built and last sold?
The property at 113 Rolling Ridge Lane was built in 1983 and last sold on Jan 1, 1970 for $375,000.
How much is this home worth?
The estimated value of the home located at 113 Rolling Ridge Lane is $651,683.
What are some comparable homes to 113 Rolling Ridge Lane?
There are currently no comparable homes to 113 Rolling Ridge Lane.
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