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Methuen Town 01844
18 Magna Rd
$379,500
● House - Off Market

18 Magna Rd

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,728 Ft²
$608,408
RealtyHop Estimate
52.14%
Since Jan 1, 2019
National-US
Primary Model

About This Property

Rare opportunity to own a spacious, charismatic, 4 bedroom single family home in one of Methuen's highly cherished, mature, and quiet neighborhoods. 18 Magna Road sits on a large, well-manicured, lot. This unique home has plenty of charm and is ready for your final touches.  The large 2-car garage has ample storage space on both levels and offers expansion possibilities. Properties in this neighborhood have not lasted long on the market- when you see this home, you will understand why!
Unit Size
1,728 Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$231
Property Type
House
Property Taxes
$358
HOA Dues
-
Year Built
1968

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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: 4 months ago (MLSPIN #72417418)

Price History

Date / Event Date Event Price
Jan 28, 2021 Sold
Premium
Sold
Dec 14, 2020 Listed by SelectRE Boston $449,900
Listed by SelectRE Boston
Dec 14, 2018 Sold
Premium
Sold
Oct 30, 2018 Listed by SelectRE Boston $399,900
Listed by SelectRE Boston

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 864
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,062
  • Total Building Area: 1,728
  • Gross Building Area: 3,845
  • Building Area: 1,728
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,728
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000277
  • 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: 5683
  • Parcel: METH M:00912 B:00080 L:00031R
  • Block: 80
  • Lot: 31R
  • Municipality: METHUEN
  • Latitude: 42.7378
  • Longitude: -71.1575

    Address

  • Full Address: 18 Magna Rd
  • Address - House Number: 18
  • Address - Street Name: Magna
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Methuen
  • Carrier Code: C016
  • 4-Digit Zip Code: 4654
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $532,800

    Appraisal Valuation

  • Standard Deviation: 0.1761
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 566,103
  • High Value: 665,808
  • Low Value: 466,398

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $455,400
  • Assessed Land Value: $180,200
  • Assessed Improvements Value: $275,200

    Sales

  • Current Sale Contract Date: Jan 16, 2021
  • Current Sale Recording Date: Jan 28, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 3228
  • Previous Sale Recording Date: Dec 14, 2018
  • Previous Sale Contract Date: Dec 14, 2018
  • Previous Sale Amount: $378,000
  • 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

2235 ft²

Average Home Age

55.5 years

Currently For Sale

73 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# 72417418

Frequently Asked Questions

When was property at 18 Magna Road built and last sold?
The property at 18 Magna Road was built in 1968 and last sold on Jan 16, 2021 for $475,000.
How much is this home worth?
The estimated value of the home located at 18 Magna Road is $457,957.
What are some comparable homes to 18 Magna Road?
There are currently no comparable homes to 18 Magna Road.
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