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Methuen Town 01844
20 Bumpy Lane
$309,000
● House - Off Market

20 Bumpy Lane

Methuen, MA 01844
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,500 Ft²
$569,532
RealtyHop Estimate
78.03%
Since Jul 1, 2015
National-US
Primary Model

About This Property

Charming WATERFRONT home on desirable Forest Lake! Vacation at home--swimming, boating, fishing... or just sit back and relax on the patio. Inside the home, you will find recent updates, which include; brand new heating system, electrical, flooring, stainless appliances and roof. There are two good size bedrooms, two full baths and a brick fireplace in the living room. Four-season room in the front of the home with plenty of windows so you can enjoy the views of the lake... Huge walk up attic with plenty of space to add bedrooms if needed.
Unit Size
1,500 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$213
Property Type
House
Property Taxes
$285
HOA Dues
-
Year Built
1930

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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 #71834970)

Price History

Date / Event Date Event Price
Jun 26, 2015 Sold
Premium
Sold
May 12, 2015 Listed by Coco, Early & Associates $319,900
Listed by Coco, Early & Associates
Mar 5, 2010 Sold
Premium
Sold

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 900
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 1,500
  • Gross Building Area: 3,052
  • Building Area: 1,500
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,500
  • Heating Fuel Type: 6

    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: 252202

Zoning

  • Zoning: RR

Geography

  • Account Number: 14627
  • Parcel: METH M:00114 B:00128 L:00022
  • Block: 128
  • Lot: 22
  • Municipality: METHUEN
  • Latitude: 42.7252
  • Longitude: -71.2474

    Address

  • Full Address: 20 Bumpy Ln
  • Address - House Number: 20
  • Address - Street Name: Bumpy
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Methuen
  • Carrier Code: R008
  • 4-Digit Zip Code: 1322
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $449,000

    Appraisal Valuation

  • Standard Deviation: 0.1692
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 533,175
  • High Value: 623,440
  • Low Value: 442,910

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $383,800
  • Assessed Land Value: $162,500
  • Assessed Improvements Value: $221,300

    Sales

  • Current Sale Recording Date: Jun 26, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 15377
  • Previous Sale Recording Date: Mar 05, 2010
  • Previous Sale Amount: $98,000
  • 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

2191 ft²

Average Home Age

55.3 years

Currently For Sale

76 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# 71834970

Frequently Asked Questions

When was property at 20 Bumpy Lane built and last sold?
The property at 20 Bumpy Lane was built in 1930 and last sold on Jan 1, 1970 for $309,000.
How much is this home worth?
The estimated value of the home located at 20 Bumpy Lane is $334,382.
What are some comparable homes to 20 Bumpy Lane?
There are currently no comparable homes to 20 Bumpy Lane.
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