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Methuen Town 01844
22 Sevoian Drive
$522,500
● House - Off Market

22 Sevoian Drive

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,692 Ft²
$511,787
RealtyHop Estimate
3.39%
Since Sep 1, 2022
National-US
Primary Model

About This Property

What an opportunity! Live in one of Methuen sought after neighborhood. This garrison is bordered by an unused right of way to the left of the home and the backyard abuts conservation land, The home has four bedrooms all on one floor, front-to-back Living room with cozy brick fireplace plus slider to deck, large dining room, and eat-in kitchen. Hardwood floors throughout, Dry full basement with windows and walk-out door-will make a great family room. Easy commute to route 93 and close to Marsh Grammar School. Perfect home to create equity. Seller offering $2500 toward buyer agent or facilitators commission. All offers by Wednesday at 5:00pm the 8th of June.
Unit Size
1,692 Ft²
Days on Market
-
Land Size
0.48 acres
Price per sqft
$293
Property Type
House
Property Taxes
$397
HOA Dues
-
Year Built
1976

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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 #72990338)

Price History

Date / Event Date Event Price
Aug 19, 2022 Sold
Premium
Sold
Jun 1, 2022 Listed by Century 21 North East $495,000
Listed by Century 21 North East

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1981
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 828
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,813
  • Total Building Area: 1,692
  • Gross Building Area: 2,856
  • Building Area: 1,692
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,692
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000478
  • 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: 252202

Zoning

  • Zoning: RB

Geography

  • Account Number: 2764
  • Parcel: METH M:00312 B:00126A L:0066AN
  • Block: 126A
  • Lot: 66AN
  • Municipality: METHUEN
  • Latitude: 42.7298
  • Longitude: -71.2249

    Address

  • Full Address: 22 Sevoian Dr
  • Address - House Number: 22
  • Address - Street Name: Sevoian
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Methuen
  • Carrier Code: R012
  • 4-Digit Zip Code: 1502
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $515,500
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 94
  • Final Value: 456,284
  • High Value: 492,745
  • Low Value: 419,823

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $440,600
  • Assessed Land Value: $202,000
  • Assessed Improvements Value: $238,600

    Sales

  • Current Sale Contract Date: Aug 19, 2022
  • Current Sale Recording Date: Aug 19, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 19774
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

2218 ft²

Average Home Age

55.9 years

Currently For Sale

79 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 58 Brady, Salem, 03079

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,751 ft²
58 Brady, Salem, 03079 Listing by Nancy Bilodeau

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72990338

Frequently Asked Questions

When was property at 22 Sevoian Drive built and last sold?
The property at 22 Sevoian Drive was built in 1976 and last sold on Aug 19, 2022 for $522,500.
How much is this home worth?
The estimated value of the home located at 22 Sevoian Drive is $504,360.
What are some comparable homes to 22 Sevoian Drive?
There are currently no comparable homes to 22 Sevoian Drive.
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