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Methuen Town 01844
2 Sugar Pine Ln
$480,000
● House - Off Market

2 Sugar Pine Ln

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,728 Ft²
$577,768
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

PRIME LOCATION!!!  West Methuen, classic 3 bedroom, 2 bath gambrel located on the end of a cul-de-sac, in a highly sought after March School neighborhood.  This well cared for home offers hardwood floors in the kitchen, dining room, and bedrooms, a front to back fireplaced living room, a huge master bedroom, and an oversized deck offering panoramic vistas of nature, in all of it's glory!  This is a low turn over location, because people love living here...don't let this one get away!
Unit Size
1,728 Ft²
Days on Market
-
Land Size
0.49 acres
Price per sqft
$289
Property Type
House
Property Taxes
$399
HOA Dues
-
Year Built
1984

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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: 5 years ago (MLSPIN #72837951)

Price History

Date / Event Date Event Price
Jul 15, 2021 Sold
Premium
Sold
May 26, 2021 Listed by RyVal Homes $499,900
Listed by RyVal Homes
Jun 15, 1994 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,453
  • Total Building Area: 1,728
  • Gross Building Area: 3,032
  • Building Area: 1,728
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,728
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN 38826B
  • Land Acres: 0000000492
  • 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: 6561
  • Parcel: METH M:00218 B:00130 L:00018D
  • Block: 130
  • Lot: 18D
  • Municipality: METHUEN
  • Latitude: 42.7027
  • Longitude: -71.2359

    Address

  • Full Address: 2 Sugar Pine Ln
  • Address - House Number: 2
  • Address - Street Name: Sugar Pine
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Methuen
  • Carrier Code: C030
  • 4-Digit Zip Code: 1858
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $544,200

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 575,731
  • High Value: 680,392
  • Low Value: 471,070

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $465,100
  • Assessed Land Value: $203,600
  • Assessed Improvements Value: $261,500

    Sales

  • Current Sale Contract Date: Jul 15, 2021
  • Current Sale Recording Date: Jul 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 125324
  • Previous Sale Recording Date: Jun 15, 1994
  • Previous Sale Amount: $138,000
  • Previous Sale Document Type: 43
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

2192 ft²

Average Home Age

54.9 years

Currently For Sale

77 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: 5 years ago
Data Source: MLS PIN, MLS# 72837951

Frequently Asked Questions

When was property at 2 Sugar Pine Lane built and last sold?
The property at 2 Sugar Pine Lane was built in 1984 and last sold on Jul 15, 2021 for $480,000.
How much is this home worth?
The estimated value of the home located at 2 Sugar Pine Lane is $0.
What are some comparable homes to 2 Sugar Pine Lane?
There are currently no comparable homes to 2 Sugar Pine Lane.
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