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Methuen Town 01844
26 Magna Rd
$420,000
● House - Off Market

26 Magna Rd

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,292 Ft²
$605,813
RealtyHop Estimate
49.58%
Since Apr 1, 2019
National-US
Primary Model

About This Property

Welcome home to 26 Magna Rd.  Set in a great neighborhood, this colonial home has 4 oversized bedrooms, 2 full baths, updated kitchen and mudroom, brand new water heater and partial finished basement.  Enjoy your summer nights on the deck overlooking the large flat yard.   Bonus room on first floor can be used as an office or a 5th bedroom.  Great location with an easy commute just minutes to 93, 495, 213 and shopping and dining at the Loop makes this a fabulous home investment. Don't miss seeing this one, it won't last. Seller can close quickly.  Open House Saturday February 9th 12-2 and Sunday February 10th 12-2.  Showings begin immediately.
Unit Size
2,292 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$177
Property Type
House
Property Taxes
$342
HOA Dues
-
Year Built
1970

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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: 5 months ago (MLSPIN #72449383)

Price History

Date / Event Date Event Price
Mar 18, 2019 Sold
Premium
Sold
Feb 5, 2019 Listed by Coldwell Banker Residential Brokerage - Andover $405,000
Listed by Coldwell Banker Residential Brokerage - Andover
Mar 24, 2008 Sold
Premium
Sold
Jan 25, 2008 Listed by Coldwell Banker Residential Brokerage - Andover $285,000
Listed by Coldwell Banker Residential Brokerage - Andover

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • 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: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 2,292
  • Gross Building Area: 3,849
  • Building Area: 2,292
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,292
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GLEN MAGNA PLAN LAND METHU
  • 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: 7289
  • Parcel: METH M:00912 B:00080 L:00031T
  • Block: 80
  • Lot: 31T
  • Municipality: METHUEN
  • Latitude: 42.7383
  • Longitude: -71.1581

    Address

  • Full Address: 26 Magna Rd
  • Address - House Number: 26
  • 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: $490,700

    Appraisal Valuation

  • Standard Deviation: 0.1761
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 576,025
  • High Value: 677,477
  • Low Value: 474,572

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $419,400
  • Assessed Land Value: $175,000
  • Assessed Improvements Value: $244,400

    Sales

  • Current Sale Contract Date: Mar 07, 2019
  • Current Sale Recording Date: Mar 18, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 5564
  • Previous Sale Recording Date: Mar 24, 2008
  • Previous Sale Amount: $280,000
  • 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

2213 ft²

Average Home Age

53.3 years

Currently For Sale

78 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 months ago
Data Source: MLS PIN, MLS# 72449383

Frequently Asked Questions

When was property at 26 Magna Road built and last sold?
The property at 26 Magna Road was built in 1970 and last sold on Mar 7, 2019 for $420,000.
How much is this home worth?
The estimated value of the home located at 26 Magna Road is $422,151.
What are some comparable homes to 26 Magna Road?
There are currently no comparable homes to 26 Magna Road.
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