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Methuen Town 01844
LOT 20 Morgan Drive
$339,000
● House - Off Market

LOT 20 Morgan Drive

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,860 Ft²
$1,145,301
RealtyHop Estimate
236.95%
Since Nov 1, 1998
National-US
Primary Model

About This Property

PRESTIGIOUS MORGAN ESTATES - BAYPOINT MODEL. LOADED W/EVERY UPGRADE IMAGINABLE! CHERRY CABS, CTR ISL KIT, MSTR SUITE W/WHIRLPOOL & SEP SHWR, SPECT 24X24 FAM RM W/FIELDSTONE FP. HDWD & TILE FLRS, CTRL A/C, 2 ACRES. MUCH MORE!
Unit Size
2,860 Ft²
Days on Market
-
Land Size
2.04 acres
Price per sqft
$119
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1996

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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 years ago (MLSPIN #30232345)

Price History

Date / Event Date Event Price
Oct 6, 2021 Sold
Premium
Sold
Aug 11, 2021 Listed by Coco, Early & Associates $775,000
Listed by Coco, Early & Associates
Oct 1, 1998 Sold
Premium
Sold
Jun 13, 1998 Listed by Coco, Early & Associates $339,900
Listed by Coco, Early & Associates
Nov 22, 1996 Sold
Premium
Sold

Property Highlights

Air Conditioning
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,496
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 74,488
  • Total Building Area: 3,525
  • Gross Building Area: 5,408
  • Building Area: 3,525
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,525
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001710
  • 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: RR

Geography

  • Account Number: 1361
  • Parcel: METH M:00704 B:00071 L:00004L
  • Block: 71
  • Lot: 4L
  • Municipality: METHUEN
  • Latitude: 42.7822
  • Longitude: -71.1831

    Address

  • Full Address: 20 Morgan Dr
  • Address - House Number: 20
  • Address - Street Name: Morgan
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Methuen
  • Carrier Code: R009
  • 4-Digit Zip Code: 1247
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $808,900

    Appraisal Valuation

  • Standard Deviation: 0.1556
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 858,773
  • High Value: 992,480
  • Low Value: 725,066

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $691,400
  • Assessed Land Value: $240,900
  • Assessed Improvements Value: $450,500

    Sales

  • Current Sale Contract Date: Oct 06, 2021
  • Current Sale Recording Date: Oct 06, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 33362
  • Previous Sale Recording Date: Dec 10, 2012
  • 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

$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

Unit for rent at 387 Main St., Salem, 03079

$2,400 /mo

  • 1 Bed
  • 1 Bath
  • 1,096 ft²
387 Main St. #3, Salem, 03079 Listing by Daniel Mendonca

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30232345

Frequently Asked Questions

When was property at 20 Morgan Drive built and last sold?
The property at 20 Morgan Drive was built in 1996 and last sold on Oct 6, 2021 for $760,000.
How much is this home worth?
The estimated value of the home located at 20 Morgan Drive is $0.
What are some comparable homes to 20 Morgan Drive?
There are currently no comparable homes to 20 Morgan Drive.
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