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Methuen Town 01844
2 Boxwood Drive
$670,000
● House - Off Market

2 Boxwood Drive

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,015 Ft²
$1,000,865
RealtyHop Estimate
43.00%
Since Apr 1, 2020
National-US
Primary Model

About This Property

Arrowwood Estates - a beautiful community of 90 homes, each home situated on a 2+/- acre lot with 200 ft. frontage and municipal water, sewer and natural gas.  This neighborhood is also convenient to highway system.  This house is situated on, in my opinion, the loveliest lot in the subdivision .  It is flat, private, great appeal from the road and has a gunite pool and fabulous deck.  The home has been updated with new roof, new windows, vinyl siding, new heating, just move in and enjoy!  Pristine hardwood flooring, beautiful cherry cabinets and handsome granite, large family room, spacious dining room, first floor office, pantry closet and laundry room.  A must see.
Unit Size
3,015 Ft²
Days on Market
-
Land Size
1.84 acres
Price per sqft
$232
Property Type
House
Property Taxes
$632
HOA Dues
-
Year Built
1994

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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 #72620877)

Price History

Date / Event Date Event Price
Mar 25, 2020 Sold
Premium
Sold
Feb 18, 2020 Listed by Century 21 McLennan & Company $699,900
Listed by Century 21 McLennan & Company
Jul 22, 2011 Sold
Premium
Sold
Apr 18, 2011 Listed by Century 21 McLennan & Company $539,900
Listed by Century 21 McLennan & Company

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 1,864
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 80,150
  • Total Building Area: 3,015
  • Gross Building Area: 5,455
  • Building Area: 3,015
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,015
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ALCRO LIMITED PARTNERSHIP ARRO
  • Land Acres: 0000001840
  • 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: RR

Geography

  • Account Number: 4803
  • Parcel: METH M:00216 B:00129C L:00083
  • Block: 129C
  • Lot: 83
  • Municipality: METHUEN
  • Latitude: 42.7192
  • Longitude: -71.2348

    Address

  • Full Address: 2 Boxwood Dr
  • Address - House Number: 2
  • Address - Street Name: Boxwood
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Methuen
  • Carrier Code: R008
  • 4-Digit Zip Code: 1484
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $806,500

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 846,750
  • High Value: 980,498
  • Low Value: 713,002

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $689,300
  • Assessed Land Value: $241,400
  • Assessed Improvements Value: $447,900

    Sales

  • Current Sale Contract Date: Mar 23, 2020
  • Current Sale Recording Date: Mar 25, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 7358
  • Previous Sale Recording Date: Jul 22, 2011
  • Previous Sale Amount: $515,000
  • 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

$325

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2194 ft²

Average Home Age

55.1 years

Currently For Sale

76 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# 72620877

Frequently Asked Questions

When was property at 2 Boxwood Drive built and last sold?
The property at 2 Boxwood Drive was built in 1994 and last sold on Mar 23, 2020 for $670,000.
How much is this home worth?
The estimated value of the home located at 2 Boxwood Drive is $711,922.
What are some comparable homes to 2 Boxwood Drive?
There are currently no comparable homes to 2 Boxwood Drive.
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