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Methuen Town 01844
2 Arabian Dr
$490,000
● House - Off Market

2 Arabian Dr

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,478 Ft²
$518,979
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

Move-in ready Ranch in a convenient location. Sunny one level includes renovated kitchen and bath including granite countertops, backsplash. Living room with Gleaming Hardwood floors, Beautiful lavished  titled bathroom,   newer windows, and three bedrooms.  Maintenance-free Vinyl Siding. Enjoy Entertaining in the Huge Large Composite deck & Patio  Private, Fenced,  backyard. on a Dead End.
Unit Size
1,478 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$338
Property Type
House
Property Taxes
$377
HOA Dues
-
Year Built
1981

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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 #73003570)

Price History

Date / Event Date Event Price
Sep 14, 2022 Sold
Premium
Sold
Jun 24, 2022 Listed by Najwah Hashem Miceli $499,000
Listed by Najwah Hashem Miceli
Jun 15, 2012 Sold
Premium
Sold
Apr 6, 2012 Listed by Najwah Hashem Miceli $186,000
Listed by Najwah Hashem Miceli
Mar 20, 2012 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1981
  • Effective Year Built: 1981
  • 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: 1,056
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 20,181
  • Total Building Area: 1,478
  • Gross Building Area: 2,422
  • Building Area: 1,478
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 2
  • Heated Square Feet: 1,478
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: METHUEN
  • Land Acres: 0000000463
  • 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: 252102

Zoning

  • Zoning: RB

Geography

  • Account Number: 10591
  • Parcel: METH M:00316 B:00130 L:00024D
  • Block: 130
  • Lot: 24D
  • Municipality: METHUEN
  • Latitude: 42.7039
  • Longitude: -71.2273

    Address

  • Full Address: 2 Arabian Dr
  • Address - House Number: 2
  • Address - Street Name: Arabian
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Methuen
  • Carrier Code: C030
  • 4-Digit Zip Code: 1831
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $487,700
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1692
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 534,607
  • High Value: 625,114
  • Low Value: 444,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $416,800
  • Assessed Land Value: $200,400
  • Assessed Improvements Value: $216,400

    Sales

  • Current Sale Contract Date: Sep 14, 2022
  • Current Sale Recording Date: Sep 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 21586
  • Previous Sale Recording Date: Jun 15, 2012
  • Previous Sale Amount: $180,000
  • Previous Sale Document Type: 71
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

53

Average Home Size

2221 ft²

Average Home Age

56.1 years

Currently For Sale

74 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# 73003570

Frequently Asked Questions

When was property at 2 Arabian Drive built and last sold?
The property at 2 Arabian Drive was built in 1981 and last sold on Sep 14, 2022 for $490,000.
How much is this home worth?
The estimated value of the home located at 2 Arabian Drive is $490,793.
What are some comparable homes to 2 Arabian Drive?
There are currently no comparable homes to 2 Arabian Drive.
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