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Methuen Town 01844
20 Lancaster Rd
$650,000
● House - Off Market

20 Lancaster Rd

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,234 Ft²
$3,678
Est. Monthly

About This Property

This attractive home is the last house on a dead end street...It is located only 3 streets from route 213.The added extra lot is great for additional privacy , entertainment et.c.  Homes like this aren,t listed very often.  this one could be your dream come true,   SALE OF HOME INCLUDES A SEPARATE PARCEL OF LAND DIRECTLY BEHIND   HOME WITH extra lot is an additional 9014 sq ft9014 sq ft ....great location for kids and adults  alike.
Unit Size
2,234 Ft²
Days on Market
-
Land Size
0.41 acres
Price per sqft
$291
Property Type
House
Property Taxes
$486
HOA Dues
-
Year Built
1988

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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 #73266826)

Price History

Date / Event Date Event Price
Dec 2, 2024 Sold
Premium
Sold
Oct 23, 2024 In contract -
In contract
Jul 18, 2024 Listed by Homes Unlimited $650,000
Listed by Homes Unlimited
Oct 5, 2021 Sold
Premium
Sold
Aug 18, 2021 Listed by Homes Unlimited $549,900
Listed by Homes Unlimited
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,458
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,026
  • Total Building Area: 2,234
  • Gross Building Area: 4,469
  • Building Area: 2,234
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,234
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000207
  • 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: 252603

Zoning

  • Zoning: RA

Geography

  • Account Number: 6173
  • Parcel: METH M:00812 B:00068A L:00105
  • Block: 68A
  • Lot: 105
  • Municipality: METHUEN
  • Latitude: 42.7442
  • Longitude: -71.1724

    Address

  • Full Address: 20 Lancaster Rd
  • Address - House Number: 20
  • Address - Street Name: Lancaster
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Methuen
  • Carrier Code: C038
  • 4-Digit Zip Code: 2530
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $546,900

    Appraisal Valuation

  • Standard Deviation: 0.1712
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 650,544
  • High Value: 761,937
  • Low Value: 539,150

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $467,400
  • Assessed Land Value: $158,800
  • Assessed Improvements Value: $308,600

    Sales

  • Current Sale Contract Date: Oct 05, 2021
  • Current Sale Recording Date: Oct 05, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 33230
  • Previous Sale Recording Date: Oct 07, 2013
  • Previous Sale Amount: $295,000
  • Previous Sale Document Type: O
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

2221 ft²

Average Home Age

56.1 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73266826

Frequently Asked Questions

When was property at 20 Lancaster Road built and last sold?
The property at 20 Lancaster Road was built in 1988 and last sold on Oct 5, 2021 for $625,000.
How much is this home worth?
The estimated value of the home located at 20 Lancaster Road is $647,446.
What are some comparable homes to 20 Lancaster Road?
There are currently no comparable homes to 20 Lancaster Road.
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