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Methuen Town 01844
2 College Ln
$434,000
● House - Off Market

2 College Ln

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,819 Ft²
$627,956
RealtyHop Estimate
46.38%
Since Dec 1, 2019
National-US
Primary Model

About This Property

Marsh School District:  Charming, recently renovated, 4 bedroom cape perfectly situated on a half an acre of land. The sunny, open-concept main-level features, hardwood, and tile flooring as well as a recently remodeled kitchen - this gorgeous kitchen has a kitchen island/bar, granite countertops, and a stylish backsplash. This home features many updates including a new roof, new windows, 2 updated baths, 1 car garage, new vinyl railings on deck, and sun-room looking over the spacious yard. Located close to many amenities including highways, local shops, and restaurants! Come see this fabulous home, it won't last long!
Unit Size
1,819 Ft²
Days on Market
-
Land Size
0.52 acres
Price per sqft
$236
Property Type
House
Property Taxes
$431
HOA Dues
-
Year Built
1962

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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 #72566610)

Price History

Date / Event Date Event Price
Nov 22, 2019 Sold
Premium
Sold
Sep 18, 2019 Listed by Redfin Corp. $429,000
Listed by Redfin Corp.
Aug 8, 2017 Sold
Premium
Sold
Jun 1, 2017 Listed by Redfin Corp. $384,900
Listed by Redfin Corp.
Dec 18, 2015 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 2017
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 768
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,642
  • Total Building Area: 1,819
  • Gross Building Area: 3,079
  • Building Area: 1,819
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,819
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: UNIVERSITY HTS METHUEN
  • Land Acres: 0000000520
  • 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: 252202

Zoning

  • Zoning: RB

Geography

  • Account Number: 9945
  • Parcel: METH M:00412 B:00126A L:00068U
  • Block: 126A
  • Lot: 68U
  • Municipality: METHUEN
  • Latitude: 42.7311
  • Longitude: -71.2211

    Address

  • Full Address: 2 College Ln
  • Address - House Number: 2
  • Address - Street Name: College
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Methuen
  • Carrier Code: C037
  • 4-Digit Zip Code: 1512
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $601,800

    Appraisal Valuation

  • Standard Deviation: 0.1761
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 632,419
  • High Value: 743,804
  • Low Value: 521,034

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $514,400
  • Assessed Land Value: $198,300
  • Assessed Improvements Value: $316,100

    Sales

  • Current Sale Contract Date: Nov 14, 2019
  • Current Sale Recording Date: Nov 22, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 29508
  • Previous Sale Recording Date: Aug 08, 2017
  • Previous Sale Amount: $385,000
  • 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

53

Average Home Size

2218 ft²

Average Home Age

55.9 years

Currently For Sale

79 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

Unit for rent at 58 Brady, Salem, 03079

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,751 ft²
58 Brady, Salem, 03079 Listing by Nancy Bilodeau

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72566610

Frequently Asked Questions

When was property at 2 College Lane built and last sold?
The property at 2 College Lane was built in 1962 and last sold on Nov 14, 2019 for $434,000.
How much is this home worth?
The estimated value of the home located at 2 College Lane is $443,373.
What are some comparable homes to 2 College Lane?
There are currently no comparable homes to 2 College Lane.
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