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Methuen Town 01844
28 Timber Ln
$300,000
● House - Off Market

28 Timber Ln

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,935 Ft²
$532,278
RealtyHop Estimate
77.49%
Since Sep 1, 2015
National-US
Primary Model

About This Property

Location is prime!  Well built garrison colonial in one of Methuen's most desired neighborhoods, close to The Loop.  Interior is well cared, but vintage 1973.  Great floor plan with large fireplaced living room, formal dining room, family room, and huge front to back master bedroom.  Roof is 2 years old.  Central air is a nice bonus!  Great curb appeal with maintenance free vinyl siding.  This is an easy remodel/ redecorate project, perfect for the savvy 1st time home buyer.  Buy location....and improve with your own personal touches!
Unit Size
1,935 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$155
Property Type
House
Property Taxes
$323
HOA Dues
-
Year Built
1973

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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 #71814771)

Price History

Date / Event Date Event Price
Aug 31, 2015 Sold
Premium
Sold
Apr 9, 2015 Listed by Century 21 McLennan & Company $299,900
Listed by Century 21 McLennan & Company

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1973
  • Effective Year Built: 1973
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • 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: 864
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,062
  • Total Building Area: 1,935
  • Gross Building Area: 3,462
  • Building Area: 1,935
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,935
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000231
  • 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: 6853
  • Parcel: METH M:00912 B:00080 L:0031AM
  • Block: 80
  • Lot: 31AM
  • Municipality: METHUEN
  • Latitude: 42.7349
  • Longitude: -71.1589

    Address

  • Full Address: 28 Timber Ln
  • Address - House Number: 28
  • Address - Street Name: Timber
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Methuen
  • Carrier Code: C016
  • 4-Digit Zip Code: 4644
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $485,100

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 534,544
  • High Value: 618,978
  • Low Value: 450,111

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $414,600
  • Assessed Land Value: $175,200
  • Assessed Improvements Value: $239,400

    Sales

  • Current Sale Recording Date: Aug 31, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 22394
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

52

Average Home Size

2195 ft²

Average Home Age

55.4 years

Currently For Sale

69 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71814771

Frequently Asked Questions

When was property at 28 Timber Lane built and last sold?
The property at 28 Timber Lane was built in 1973 and last sold on Jan 1, 1970 for $300,000.
How much is this home worth?
The estimated value of the home located at 28 Timber Lane is $321,170.
What are some comparable homes to 28 Timber Lane?
There are currently no comparable homes to 28 Timber Lane.
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