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Methuen Town 01844
2 University Ln
Photo of 2 University Ln
Sold on Aug 9, 2005

1

Map

$335,900
● House - Off Market

2 University Ln

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,856 Ft²
$594,543
RealtyHop Estimate
74.92%
Since Sep 1, 2005
National-US
Primary Model

About This Property

4 bedroom, 2 bath Cape in desirable Marsh school district, on a wonderful .45 acre lot. Cathedral ceiling with fans and skylights in family room, large screened porch. Potential for fifth bedroom. Easy commute to Rt 93 and shopping. House is larger inside than it looks. Subject to sellers finding suitable housing.
Unit Size
1,856 Ft²
Days on Market
-
Land Size
0.45 acres
Price per sqft
$183
Property Type
House
Property Taxes
$206
HOA Dues
-
Year Built
1962

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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 months ago (MLSPIN #70152362)

Price History

Date / Event Date Event Price
Aug 9, 2005 Sold
Premium
Sold
Mar 2, 2005 Listed $339,900
Listed

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • 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: 19,794
  • Total Building Area: 1,732
  • Gross Building Area: 3,500
  • Building Area: 1,732
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,732
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000454
  • 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: 3477
  • Parcel: METH M:00412 B:00126A L:00067M
  • Block: 126A
  • Lot: 67M
  • Municipality: METHUEN
  • Latitude: 42.7306
  • Longitude: -71.2202

    Address

  • Full Address: 2 University Ln
  • Address - House Number: 2
  • Address - Street Name: University
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Methuen
  • Carrier Code: C037
  • 4-Digit Zip Code: 1530
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $493,000
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.1833
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 567,305
  • High Value: 671,313
  • Low Value: 463,297

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $421,400
  • Assessed Land Value: $191,500
  • Assessed Improvements Value: $229,900

    Sales

  • Current Sale Recording Date: Aug 09, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 29823
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

$327

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2157 ft²

Average Home Age

55.2 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

Unit for rent at 58 Brady, Salem, 03079

$2,900 /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: 5 months ago
Data Source: MLS PIN, MLS# 70152362

Frequently Asked Questions

When was property at 2 University Lane built and last sold?
The property at 2 University Lane was built in 1962 and last sold on Jan 1, 1970 for $334,900.
How much is this home worth?
The estimated value of the home located at 2 University Lane is $355,083.
What are some comparable homes to 2 University Lane?
There are currently no comparable homes to 2 University Lane.
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