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Methuen Town 01844
22 Magna Rd
$560,000
● House - Off Market

22 Magna Rd

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
1 Bath, 2 Half Baths
square feet
1,970 Ft²
$3,087
Est. Monthly

About This Property

A newly rehabbed split level home on a level 1/4 acre lot in well established neighborhood. Upgrades are roof, vinyl siding, 200AMP electric, windows, one full and two half baths, kitchen with granite and stainless steel appliances, bedrooms, flooring, driveway, garage door, recessed lighting. Master bedroom has retro half bath. Hardwood floors throughout upper level other than kitchen. Lower level has huge 16X22 family room,  plus 11x11 room for either 4th bedroom or office/study, and half bath with room to add shower.  Huge back yard. with new 12x16 pressure treated deck with bench seat.. 5 minutes to The Loop, 10 minutes to Salem, NH, 30 minutes to Salisbury, Seabrook and Hampton beaches. 45 minutes to Maine coast. Lower level laundry area. Pictures tell the story.
Unit Size
1,970 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$279
Property Type
House
Property Taxes
$387
HOA Dues
-
Year Built
1971

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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 #73178770)

Price History

Date / Event Date Event Price
Jan 26, 2024 Sold
Premium
Sold
Nov 20, 2023 In contract -
In contract
Nov 8, 2023 Listed by Hart Of New England Realty $549,900
Listed by Hart Of New England Realty
Dec 29, 2022 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • Exterior Walls Type: 18
  • 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: 1,135
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 1,970
  • Gross Building Area: 2,374
  • Building Area: 1,970
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,970
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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: 252502

Zoning

  • Zoning: RC

Geography

  • Account Number: 8170
  • Parcel: METH M:00912 B:00080 L:00031S
  • Block: 80
  • Lot: 31S
  • Municipality: METHUEN
  • Latitude: 42.7381
  • Longitude: -71.1579

    Address

  • Full Address: 22 Magna Rd
  • Address - House Number: 22
  • Address - Street Name: Magna
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Methuen
  • Carrier Code: C016
  • 4-Digit Zip Code: 4654
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $463,800
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 94
  • Final Value: 554,714
  • High Value: 599,250
  • Low Value: 510,177

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $396,400
  • Assessed Land Value: $175,000
  • Assessed Improvements Value: $221,400

    Sales

  • Current Sale Contract Date: Jan 26, 2024
  • Current Sale Recording Date: Jan 26, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1336
  • Previous Sale Recording Date: Dec 29, 2022
  • Previous Sale Contract Date: Dec 29, 2022
  • Previous Sale Amount: $340,000
  • Previous Sale Document Type: 35
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73178770

Frequently Asked Questions

When was property at 22 Magna Road built and last sold?
The property at 22 Magna Road was built in 1971 and last sold on Jan 26, 2024 for $560,000.
How much is this home worth?
The estimated value of the home located at 22 Magna Road is $560,101.
What are some comparable homes to 22 Magna Road?
There are currently no comparable homes to 22 Magna Road.
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