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Methuen Town 01844
16 Cochrane Circle
$351,000
● House - Off Market

16 Cochrane Circle

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,605 Ft²
$590,042
RealtyHop Estimate
68.63%
Since Nov 1, 2016
National-US
Primary Model

About This Property

Look no further for in-law  potential!  This 9 room 3 or 4 bedroom home features brand new granite kitchen on main floor with stainless appliances.  Gorgeous  stone fireplaced living room open to formal dining room all with newly finished hard wood floors.  Main floor also boasts large bath with laundry hook up  and 3 good sized bedrooms all with wood floors.  Lower level features large open living area open to kitchen and dining area with large windows for plenty of light.  Lower level also has 3/4 bath, laundry hook up and another room that is currently used as a bedroom.   All this  plus central vac, central air, large fenced yard, garage,generator connection  2 year old metal roof  and so much more on hidden circle.
Unit Size
2,605 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$134
Property Type
House
Property Taxes
$355
HOA Dues
-
Year Built
1973

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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 #72024153)

Price History

Date / Event Date Event Price
Oct 27, 2016 Sold
Premium
Sold
Jun 16, 2016 Listed by Keller Williams Realty $349,900
Listed by Keller Williams Realty
May 15, 1987 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • 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: 1,248
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 16,300
  • Total Building Area: 2,081
  • Gross Building Area: 2,605
  • Building Area: 2,081
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 2,081
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000374
  • 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: RD

Geography

  • Account Number: 9271
  • Parcel: METH M:00712 B:00059 L:00039C
  • Block: 59
  • Lot: 39C
  • Municipality: METHUEN
  • Latitude: 42.7342
  • Longitude: -71.1829

    Address

  • Full Address: 16 Cochrane Cir
  • Address - House Number: 16
  • Address - Street Name: Cochrane
  • Address - Suffix Type: Cir
  • State: MA
  • City Name: Methuen
  • Carrier Code: C018
  • 4-Digit Zip Code: 3112
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $547,700

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 604,019
  • High Value: 699,426
  • Low Value: 508,611

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $468,100
  • Assessed Land Value: $183,100
  • Assessed Improvements Value: $285,000

    Sales

  • Current Sale Recording Date: Oct 27, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 28602
  • Previous Sale Recording Date: May 15, 1987
  • Previous Sale Amount: $175,000
  • 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

$325

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2191 ft²

Average Home Age

55.3 years

Currently For Sale

76 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: 4 months ago
Data Source: MLS PIN, MLS# 72024153

Frequently Asked Questions

When was property at 16 Cochrane Circle built and last sold?
The property at 16 Cochrane Circle was built in 1973 and last sold on Jan 1, 1970 for $351,000.
How much is this home worth?
The estimated value of the home located at 16 Cochrane Circle is $380,498.
What are some comparable homes to 16 Cochrane Circle?
There are currently no comparable homes to 16 Cochrane Circle.
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