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Methuen Town 01844
21 Norwich Lane
$239,900
● House - Off Market

21 Norwich Lane

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,224 Ft²
$862,513
RealtyHop Estimate
259.53%
Since Oct 1, 1997
National-US
Primary Model

About This Property

TO BE BUILT 36X26 COLONIAL WITH ATTACHED 16 X 22 CATHEDRAL CEILING FAMILY ROOM WITH 2 CAR GARAGE UNDER.  OPTION OF 3 OR 4 BEDROOM PLAN OPEN FOYER OR WALK UP ATTIC.
Unit Size
2,224 Ft²
Days on Market
-
Land Size
0.91 acres
Price per sqft
$108
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1998

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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 #30162555)

Price History

Date / Event Date Event Price
Apr 27, 2001 Sold
Premium
Sold
Feb 9, 1998 Sold
Premium
Sold
Sep 26, 1997 Sold
Premium
Sold
May 7, 1997 Listed by Century 21 McLennan & Company $239,900
Listed by Century 21 McLennan & Company

Property Highlights

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • 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: 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: 1,120
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,001
  • Total Building Area: 2,476
  • Gross Building Area: 4,652
  • Building Area: 2,476
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,476
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SHEARSON ESTATES
  • Land Acres: 0000000918
  • 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: 13716
  • Parcel: METH M:00808 B:00075 L:00020S
  • Block: 75
  • Lot: 20S
  • Municipality: METHUEN
  • Latitude: 42.7633
  • Longitude: -71.1684

    Address

  • Full Address: 21 Norwich Ln
  • Address - House Number: 21
  • Address - Street Name: Norwich
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Methuen
  • Carrier Code: R004
  • 4-Digit Zip Code: 2677
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $697,900

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 748,137
  • High Value: 866,309
  • Low Value: 629,966

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $596,500
  • Assessed Land Value: $230,000
  • Assessed Improvements Value: $366,500

    Sales

  • Current Sale Recording Date: Apr 27, 2001
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Feb 09, 1998
  • Previous Sale Amount: $232,900
  • 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

$327

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2193 ft²

Average Home Age

59.5 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 years ago
Data Source: MLS PIN, MLS# 30162555

Frequently Asked Questions

When was property at 21 Norwich Lane built and last sold?
The property at 21 Norwich Lane was built in 1998 and last sold on Jan 1, 1970 for $320,000.
How much is this home worth?
The estimated value of the home located at 21 Norwich Lane is $0.
What are some comparable homes to 21 Norwich Lane?
There are currently no comparable homes to 21 Norwich Lane.
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