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Methuen Town 01844
16 Timber Lane
Photo of 16 Timber Lane
Sold on Oct 27, 2005

1

Map

$271,250
● House - Off Market

16 Timber Lane

Methuen, MA 01844
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,064 Ft²
$501,270
RealtyHop Estimate
72.91%
Since Nov 1, 2005
National-US
Primary Model

About This Property

Spacious five room, two bath ranch with all hardwood floors in picture windowed living room and bedrooms, some new windows, large kitchen area with wonderful dining area that leads to 3 season porch. Corner lot, 1 car garage, lovely landscaped lot, new roof, and blown in insulation, 4 yr old boiler and more!
Unit Size
1,064 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$272
Property Type
House
Property Taxes
$187
HOA Dues
-
Year Built
1954

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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 #70230663)

Price History

Date / Event Date Event Price
Apr 16, 2008 Sold
Premium
Sold
Oct 27, 2005 Sold
Premium
Sold
Jul 25, 2005 Listed $289,900
Listed

Property Highlights

Parking Available
Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 1,083
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,304
  • Total Building Area: 1,408
  • Gross Building Area: 2,262
  • Building Area: 1,408
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,408
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000214
  • 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: 12545
  • Parcel: METH M:00814 B:00080 L:00032A
  • Block: 80
  • Lot: 32A
  • Municipality: METHUEN
  • Latitude: 42.7344
  • Longitude: -71.16

    Address

  • Full Address: 16 Timber Ln
  • Address - House Number: 16
  • Address - Street Name: Timber
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Methuen
  • Carrier Code: C016
  • 4-Digit Zip Code: 4659
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $431,300

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 470,423
  • High Value: 544,728
  • Low Value: 396,117

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $368,600
  • Assessed Land Value: $173,300
  • Assessed Improvements Value: $195,300

    Sales

  • Current Sale Recording Date: Apr 16, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 9755
  • Previous Sale Recording Date: Oct 27, 2005
  • Previous Sale Amount: $271,250
  • 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

2195 ft²

Average Home Age

55.4 years

Currently For Sale

69 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# 70230663

Frequently Asked Questions

When was property at 16 Timber Lane built and last sold?
The property at 16 Timber Lane was built in 1954 and last sold on Jan 1, 1970 for $271,250.
How much is this home worth?
The estimated value of the home located at 16 Timber Lane is $297,186.
What are some comparable homes to 16 Timber Lane?
There are currently no comparable homes to 16 Timber Lane.
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