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Methuen Town 01844
20 Heritage Lane
$400,000
● House - Off Market

20 Heritage Lane

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,564 Ft²
$644,704
RealtyHop Estimate
61.58%
Since Jun 1, 2017
National-US
Primary Model

About This Property

** ALL OFFERS TO BE PRESENTED ON TUESDAY 3/7 @6pm** With a little bit of sweat equity, this could be your dream home! Homestead acres contemporary offering 4 bedrooms, 2.5 baths, and over 2500 sq ft of living space! First floor boasts a light and bright kitchen, complete with an island and sliders to the outside deck, an impressive great room with a floor to ceiling fireplace, multi-level foyer, sliders to deck, and half bath. Two bedrooms complete the first floor, including the fireplaced master bedroom with double closets, master bath, and sliders to deck. On the second level, you will find  a loft area perfect for a home office, two good-sized bedrooms,  and a shared full bathroom. Located in the desirable CGS school district-this home is waiting for your personal touches!
Unit Size
2,564 Ft²
Days on Market
-
Land Size
0.66 acres
Price per sqft
$156
Property Type
House
Property Taxes
$513
HOA Dues
-
Year Built
1983

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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 #72125298)

Price History

Date / Event Date Event Price
May 10, 2017 Sold
Premium
Sold
Mar 2, 2017 Listed by RE/MAX Insight $399,000
Listed by RE/MAX Insight
Mar 31, 1998 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 21
  • Exterior Walls Type: 18
  • 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: 1,652
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 28,859
  • Total Building Area: 2,564
  • Gross Building Area: 5,443
  • Building Area: 2,564
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,564
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000663
  • 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: 252602

Zoning

  • Zoning: RB

Geography

  • Account Number: 3746
  • Parcel: METH M:00708 B:00069 L:00150
  • Block: 69
  • Lot: 150
  • Municipality: METHUEN
  • Latitude: 42.7598
  • Longitude: -71.18

    Address

  • Full Address: 20 Heritage Ln
  • Address - House Number: 20
  • Address - Street Name: Heritage
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Methuen
  • Carrier Code: R009
  • 4-Digit Zip Code: 1705
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $741,900

    Appraisal Valuation

  • Standard Deviation: 0.1761
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 744,142
  • High Value: 875,204
  • Low Value: 613,080

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $634,100
  • Assessed Land Value: $222,100
  • Assessed Improvements Value: $412,000

    Sales

  • Current Sale Recording Date: May 10, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 11535
  • Previous Sale Recording Date: Mar 31, 1998
  • Previous Sale Amount: $262,000
  • 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

53

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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72125298

Frequently Asked Questions

When was property at 20 Heritage Lane built and last sold?
The property at 20 Heritage Lane was built in 1983 and last sold on Jan 1, 1970 for $400,000.
How much is this home worth?
The estimated value of the home located at 20 Heritage Lane is $424,655.
What are some comparable homes to 20 Heritage Lane?
There are currently no comparable homes to 20 Heritage Lane.
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