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Methuen Town 01844
2 Alderbrook Lane
$390,000
● House - Off Market

2 Alderbrook Lane

Methuen, MA 01844
bedrooms
5 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,000 Ft²
$778,086
RealtyHop Estimate
94.57%
Since Sep 1, 2013
National-US
Primary Model

About This Property

Come take a look at this lovely hip roof colonial in a beautiful cul-de-sac neighborhood. The home features 5 bedrooms and 3.5 baths.New au-paire suite,front to back living room, eat-in kitchen.First floor laundry, hardwood floors, vinyl sided. There's newer central air, roof and composite decking that overlooks the pool.Partially finished basement.Close to shopping, beaches and highways!!
Unit Size
3,000 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$133
Property Type
House
Property Taxes
$349
HOA Dues
-
Year Built
1985

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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 #71535376)

Price History

Date / Event Date Event Price
Aug 23, 2013 Sold
Premium
Sold
Jun 3, 2013 Listed by Coco, Early & Associates $399,900
Listed by Coco, Early & Associates
Nov 15, 1996 Sold
Premium
Sold
Jul 29, 1996 Listed by Coco, Early & Associates $191,500
Listed by Coco, Early & Associates

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • 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: 1,744
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 11,112
  • Total Building Area: 3,702
  • Gross Building Area: 6,280
  • Building Area: 3,702
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,702
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000255
  • 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: 10942
  • Parcel: METH M:00914 B:00100 L:00050E
  • Block: 100
  • Lot: 50E
  • Municipality: METHUEN
  • Latitude: 42.729
  • Longitude: -71.1511

    Address

  • Full Address: 2 Alderbrook Ln
  • Address - House Number: 2
  • Address - Street Name: Alderbrook
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Methuen
  • Carrier Code: C026
  • 4-Digit Zip Code: 5402
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $678,800
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1499
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 81
  • Final Value: 739,395
  • High Value: 850,294
  • Low Value: 628,497

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $580,200
  • Assessed Land Value: $177,800
  • Assessed Improvements Value: $402,400

    Sales

  • Current Sale Recording Date: Aug 23, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000002
  • Previous Sale Recording Date: Nov 15, 1996
  • Previous Sale Amount: $185,000
  • 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

$326

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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71535376

Frequently Asked Questions

When was property at 2 Alderbrook Lane built and last sold?
The property at 2 Alderbrook Lane was built in 1985 and last sold on Jan 1, 1970 for $390,000.
How much is this home worth?
The estimated value of the home located at 2 Alderbrook Lane is $400,676.
What are some comparable homes to 2 Alderbrook Lane?
There are currently no comparable homes to 2 Alderbrook Lane.
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