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Methuen Town 01844
23 University Lane
Photo of 23 University Lane
Sold on Feb 7, 2007

1

Map

$367,000
● House - Off Market

23 University Lane

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,978 Ft²
$647,805
RealtyHop Estimate
70.52%
Since Mar 1, 2007
National-US
Primary Model

About This Property

Marsh School District!  Unique W. Methuen 3 BR vinyl sided ranch with farmer's porch, 32x18 vaulted-ceilinged FR w/palladium window and hardwood, 2 car attached garage, gorgeous 1/2 acre landscaped yard with storage shed, 4 zone FHW/oil heat, add'l living area in LL.  See att. amenities list with feature sheet.
Unit Size
1,978 Ft²
Days on Market
-
Land Size
0.45 acres
Price per sqft
$192
Property Type
House
Property Taxes
$236
HOA Dues
-
Year Built
1963

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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: 6 months ago (MLSPIN #70453325)

Price History

Date / Event Date Event Price
Feb 8, 2007 Sold
Premium
Sold
Sep 6, 2006 Listed $379,900
Listed
Jul 2, 1998 Sold
Premium
Sold
Apr 6, 1998 Listed $149,900
Listed

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 1,040
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 19,998
  • Total Building Area: 2,186
  • Gross Building Area: 3,551
  • Building Area: 2,186
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,186
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000459
  • 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: 3359
  • Parcel: METH M:00312 B:00126A L:00067Q
  • Block: 126A
  • Lot: 67Q
  • Municipality: METHUEN
  • Latitude: 42.7304
  • Longitude: -71.2224

    Address

  • Full Address: 23 University Ln
  • Address - House Number: 23
  • Address - Street Name: University
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Methuen
  • Carrier Code: C037
  • 4-Digit Zip Code: 1537
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $577,000

    Appraisal Valuation

  • Standard Deviation: 0.1757
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 656,709
  • High Value: 772,118
  • Low Value: 541,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $493,200
  • Assessed Land Value: $192,000
  • Assessed Improvements Value: $301,200

    Sales

  • Current Sale Recording Date: Feb 08, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 95431
  • Previous Sale Recording Date: Jul 02, 1998
  • Previous Sale Amount: $151,500
  • 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

$327

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2162 ft²

Average Home Age

54.9 years

Currently For Sale

71 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: 6 months ago
Data Source: MLS PIN, MLS# 70453325

Frequently Asked Questions

When was property at 23 University Lane built and last sold?
The property at 23 University Lane was built in 1963 and last sold on Jan 1, 1970 for $367,000.
How much is this home worth?
The estimated value of the home located at 23 University Lane is $394,283.
What are some comparable homes to 23 University Lane?
There are currently no comparable homes to 23 University Lane.
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