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Methuen Town 01844
18 Sandra Lane
$460,000
● House - Off Market

18 Sandra Lane

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,428 Ft²
$425,376
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

This well-loved and roomy 3-bedroom ranch home in a nice neighborhood with easy access to 495 has an above-ground pool to enjoy on hot days, many updates, and is ready for your finishing touches. Enjoy the rain on the covered front porch, sunny days on the back deck, and extra space ready to use in the full basement. There are many recent updates and improvements including a new roof, newer kitchen, bathroom, 5-year young above-ground pool, shed, roof, windows, and generator ready for final hookup. Don't miss out! Offers are due Tuesday at noon.
Unit Size
1,428 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$286
Property Type
House
Property Taxes
$340
HOA Dues
-
Year Built
1960

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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 #73018154)

Price History

Date / Event Date Event Price
Sep 7, 2022 Sold
Premium
Sold
Aug 2, 2022 Listed by Coldwell Banker Realty $409,000
Listed by Coldwell Banker Realty
Jan 28, 1998 Sold
Premium
Sold
Oct 1, 1997 Listed by Coldwell Banker Realty $119,900
Listed by Coldwell Banker Realty

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 1,020
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 1,428
  • Gross Building Area: 2,352
  • Building Area: 1,428
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,428
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: METHUEN
  • Land Acres: 0000000230
  • 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: 252201

Zoning

  • Zoning: RD

Geography

  • Account Number: 14490
  • Parcel: METH M:00516 B:00152 L:00023W
  • Block: 152
  • Lot: 23W
  • Municipality: METHUEN
  • Latitude: 42.7109
  • Longitude: -71.208

    Address

  • Full Address: 18 Sandra Ln
  • Address - House Number: 18
  • Address - Street Name: Sandra
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Methuen
  • Carrier Code: C021
  • 4-Digit Zip Code: 2720
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $428,900

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 476,952
  • High Value: 563,656
  • Low Value: 390,247

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $366,600
  • Assessed Land Value: $168,000
  • Assessed Improvements Value: $198,600

    Sales

  • Current Sale Contract Date: Sep 01, 2022
  • Current Sale Recording Date: Sep 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 21101
  • Previous Sale Recording Date: Jan 28, 1998
  • Previous Sale Amount: $116,400
  • 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

2155 ft²

Average Home Age

55.5 years

Currently For Sale

71 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# 73018154

Frequently Asked Questions

When was property at 18 Sandra Lane built and last sold?
The property at 18 Sandra Lane was built in 1960 and last sold on Sep 1, 2022 for $460,000.
How much is this home worth?
The estimated value of the home located at 18 Sandra Lane is $407,592.
What are some comparable homes to 18 Sandra Lane?
There are currently no comparable homes to 18 Sandra Lane.
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