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Methuen Town 01844
22 Spring Valley Rd
$685,000
● House - Off Market

22 Spring Valley Rd

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,310 Ft²
$725,310
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model

About This Property

Picture perfect and ready for new owners! This much loved four bedroom, 2.5 bath Methuen colonial has been meticulously maintained and beautifully updated- nothing to do but move right in! You'll love the open and bright floor plan, hardwood flooring, custom designed eat-in kitchen, and enjoying breezy summer evenings sipping your favorite cold drink on your screened porch.  Upstairs, you'll find a master suite, complete with a newly remodeled bath and double closets, 3 additional bedrooms, and a walk up attic. Outside, enjoy grilling on the new composite deck overlooking the half acre lot. Easy highway access and proximity to tax free shopping in Salem NH make this home a must see!
Unit Size
2,310 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$268
Property Type
House
Property Taxes
$454
HOA Dues
-
Year Built
1985

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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: 5 years ago (MLSPIN #72824973)

Price History

Date / Event Date Event Price
Jun 25, 2021 Sold
Premium
Sold
May 4, 2021 Listed by Compass $619,900
Listed by Compass
Dec 13, 1993 Sold
Premium
Sold
Mar 30, 1992 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 912
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,810
  • Total Building Area: 2,310
  • Gross Building Area: 4,027
  • Building Area: 2,310
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,310
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROLLING HILLS
  • Land Acres: 0000000501
  • 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: RA

Geography

  • Account Number: 3506
  • Parcel: METH M:00910 B:00079 L:0004AA
  • Block: 79
  • Lot: 4AA
  • Municipality: METHUEN
  • Latitude: 42.7508
  • Longitude: -71.1587

    Address

  • Full Address: 22 Spring Valley Rd
  • Address - House Number: 22
  • Address - Street Name: Spring Valley
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Methuen
  • Carrier Code: R015
  • 4-Digit Zip Code: 4163
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $638,000
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.171
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 726,335
  • High Value: 850,585
  • Low Value: 602,086

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $545,300
  • Assessed Land Value: $204,500
  • Assessed Improvements Value: $340,800

    Sales

  • Current Sale Contract Date: Jun 25, 2021
  • Current Sale Recording Date: Jun 25, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 21211
  • Previous Sale Recording Date: Dec 13, 1993
  • Previous Sale Amount: $182,500
  • 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

52

Average Home Size

2220 ft²

Average Home Age

53.5 years

Currently For Sale

76 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: 5 years ago
Data Source: MLS PIN, MLS# 72824973

Frequently Asked Questions

When was property at 22 Spring Valley Road built and last sold?
The property at 22 Spring Valley Road was built in 1985 and last sold on Jun 25, 2021 for $685,000.
How much is this home worth?
The estimated value of the home located at 22 Spring Valley Road is $0.
What are some comparable homes to 22 Spring Valley Road?
There are currently no comparable homes to 22 Spring Valley Road.
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