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Methuen Town 01844
2 Newhill Rd
$356,000
● House - Off Market

2 Newhill Rd

Methuen, MA 01844
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,552 Ft²
$396,669
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model

About This Property

Great location for commuters traveling both North and South. Come see this adorable 2 bed 1 bath bungalow, bursting with potential. Close to the Merrimack River, this home will be great for someone that is looking to impart their own style and make it their own. Back on the Market due to Buyer Financing.
Unit Size
1,552 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$206
Property Type
House
Property Taxes
$303
HOA Dues
-
Year Built
1905

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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 years ago (MLSPIN #72779445)

Price History

Date / Event Date Event Price
Mar 29, 2021 Sold
Premium
Sold
Jan 27, 2021 Listed by Coco, Early & Associates Lawrence Division LLC $319,000
Listed by Coco, Early & Associates Lawrence Division LLC
Jun 30, 2003 Sold
Premium
Sold

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1905
  • Effective Year Built: 1905
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • 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: 768
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 1,552
  • Gross Building Area: 2,546
  • Building Area: 1,552
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,552
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 1191
  • Parcel: METH M:00318 B:00164 L:00015
  • Block: 164
  • Lot: 15
  • Municipality: METHUEN
  • Latitude: 42.7009
  • Longitude: -71.222

    Address

  • Full Address: 2 Newhill Rd
  • Address - House Number: 2
  • Address - Street Name: Newhill
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Methuen
  • Carrier Code: C030
  • 4-Digit Zip Code: 2223
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $397,700

    Appraisal Valuation

  • Standard Deviation: 0.1692
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 441,010
  • High Value: 515,671
  • Low Value: 366,348

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $339,900
  • Assessed Land Value: $156,000
  • Assessed Improvements Value: $183,900

    Sales

  • Current Sale Contract Date: Mar 29, 2021
  • Current Sale Recording Date: Mar 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 10275
  • Previous Sale Recording Date: Jun 30, 2003
  • Previous Sale Amount: $196,000
  • 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

53

Average Home Size

2218 ft²

Average Home Age

56.4 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

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Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 72779445

Frequently Asked Questions

When was property at 2 Newhill Road built and last sold?
The property at 2 Newhill Road was built in 1905 and last sold on Mar 29, 2021 for $356,000.
How much is this home worth?
The estimated value of the home located at 2 Newhill Road is $0.
What are some comparable homes to 2 Newhill Road?
There are currently no comparable homes to 2 Newhill Road.
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