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Methuen Town 01844
2 Lantern Ln
$280,000
● House - Off Market

2 Lantern Ln

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,042 Ft²
$565,440
RealtyHop Estimate
95.05%
Since Dec 1, 2013
National-US
Primary Model

About This Property

Meticulous, renovated, move in ready, oversized raised ranch in established neighborhood is just waiting for you! Hickory hardwood flooring, stainless and granite kitchen with Viking range, whirlpool bath, security system, 3 bedrooms, 2 stall garage, 2.5 baths, laundry room and a fieldstone fireplace are just a few of the fabulous reasons why this house won't last long! Make an apointment to see this great property TODAY!
Unit Size
2,042 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$142
Property Type
House
Property Taxes
$298
HOA Dues
-
Year Built
1973

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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 #71566795)

Price History

Date / Event Date Event Price
Nov 15, 2013 Sold
Premium
Sold
Aug 8, 2013 Listed by John D. Defusco Realty LLC $289,900
Listed by John D. Defusco Realty LLC
Oct 30, 1995 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • 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: 1,222
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,842
  • Total Building Area: 2,042
  • Gross Building Area: 2,653
  • Building Area: 2,042
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,042
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000249
  • 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: RC

Geography

  • Account Number: 589
  • Parcel: METH M:00814 B:00080 L:00032C
  • Block: 80
  • Lot: 32C
  • Municipality: METHUEN
  • Latitude: 42.7347
  • Longitude: -71.1594

    Address

  • Full Address: 2 Lantern Ln
  • Address - House Number: 2
  • Address - Street Name: Lantern
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Methuen
  • Carrier Code: C016
  • 4-Digit Zip Code: 4614
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $512,100

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 576,908
  • High Value: 681,784
  • Low Value: 472,033

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $437,700
  • Assessed Land Value: $168,300
  • Assessed Improvements Value: $269,400

    Sales

  • Current Sale Recording Date: Nov 15, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000003
  • Previous Sale Recording Date: Oct 30, 1995
  • Previous Sale Amount: $130,000
  • 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

52

Average Home Size

2235 ft²

Average Home Age

55.5 years

Currently For Sale

73 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# 71566795

Frequently Asked Questions

When was property at 2 Lantern Lane built and last sold?
The property at 2 Lantern Lane was built in 1973 and last sold on Jan 1, 1970 for $280,000.
How much is this home worth?
The estimated value of the home located at 2 Lantern Lane is $312,444.
What are some comparable homes to 2 Lantern Lane?
There are currently no comparable homes to 2 Lantern Lane.
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