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Methuen Town 01844
15 Locust Rd
$363,000
● House - Off Market

15 Locust Rd

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,196 Ft²
$597,835
RealtyHop Estimate
59.47%
Since Sep 1, 2017
National-US
Primary Model

About This Property

Welcome home to picture perfect colonial nestled behind the historic Searles stone wall offering a private setting. The first floor has an open floor plan which features a large kitchen, family room, living room, and a 1/2 bath with laundry. Upstairs you will enjoy a generous master bedroom with coffered ceilings, 2 closets and a master bath. There are two additional spacious bedrooms and a full bath. The finished lower level offers an excellent bonus room and can serve many purposes and a two car garage. Don't forget to enjoy your summers outside on the two tiered deck overlooking a private fenced in yard with above ground pool! Showings start at the open house Sunday June 18th 11:00-1:00.
Unit Size
2,196 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$171
Property Type
House
Property Taxes
$367
HOA Dues
-
Year Built
1998

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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 #72182057)

Price History

Date / Event Date Event Price
Aug 21, 2017 Sold
Premium
Sold
Jun 14, 2017 Listed by LAER Realty Partners $374,900
Listed by LAER Realty Partners
Aug 16, 2013 Sold
Premium
Sold
Apr 8, 2013 Listed by LAER Realty Partners $310,000
Listed by LAER Realty Partners
May 30, 2003 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • 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: 5
  • Exterior Walls Type: 18
  • 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: 864
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 12,227
  • Total Building Area: 2,196
  • Gross Building Area: 3,784
  • Building Area: 2,196
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,196
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000281
  • 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: 252400

Zoning

  • Zoning: RG

Geography

  • Account Number: 3432
  • Parcel: METH M:00714 B:00039 L:00004
  • Block: 39
  • Lot: 4
  • Municipality: METHUEN
  • Latitude: 42.7258
  • Longitude: -71.1774

    Address

  • Full Address: 15 Locust Rd
  • Address - House Number: 15
  • Address - Street Name: Locust
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Methuen
  • Carrier Code: C020
  • 4-Digit Zip Code: 4408
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $575,800

    Appraisal Valuation

  • Standard Deviation: 0.2344
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 67
  • Final Value: 607,885
  • High Value: 750,416
  • Low Value: 465,355

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $492,100
  • Assessed Land Value: $166,100
  • Assessed Improvements Value: $326,000

    Sales

  • Current Sale Contract Date: Aug 21, 2017
  • Current Sale Recording Date: Aug 21, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 116570
  • Previous Sale Recording Date: Aug 16, 2013
  • Previous Sale Amount: $310,000
  • 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

$325

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2218 ft²

Average Home Age

55.9 years

Currently For Sale

79 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# 72182057

Frequently Asked Questions

When was property at 15 Locust Road built and last sold?
The property at 15 Locust Road was built in 1998 and last sold on Aug 21, 2017 for $363,000.
How much is this home worth?
The estimated value of the home located at 15 Locust Road is $395,019.
What are some comparable homes to 15 Locust Road?
There are currently no comparable homes to 15 Locust Road.
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