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Methuen Town 01844
3 College Ln
Photo of 3 College Ln
Sold on Jul 10, 2026

25

Map

Photo of 3 College Ln
Photo of 3 College Ln
$535,000
● House - Off Market

3 College Ln

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,728 Ft²
$3,104
Est. Monthly

About This Property

Welcome to 3 College Ln Methuen.Located in West Methuen's' Marsh School district.This charming property offers convenience and comfort featuring 3 bedrooms and 1 bathroom, this home is ideal for families first-time buyers, or anyone seeking a beautiful home with room to grow.The convenient location is minutes away fromRts 93, 213 & 495 great for commuters.
Unit Size
1,728 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$318
Property Type
House
Property Taxes
$402
HOA Dues
-
Year Built
1962

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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 #73508431)

Price History

Date / Event Date Event Price
Jul 10, 2026 Sold
Premium
Sold
Jun 5, 2026 In contract -
In contract
May 27, 2026 Price Decreased $550,000
↓ $5K (0.9%)
Price Decreased
May 20, 2026 Price Decreased $555,000
↓ $5K (0.9%)
Price Decreased
Apr 28, 2026 Listed by Garcia Realty, LLC $560,000
Listed by Garcia Realty, LLC
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,002
  • Total Building Area: 1,728
  • Gross Building Area: 2,501
  • Building Area: 1,728
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,728
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: UNIVERSITY HEIGHTS
  • Land Acres: 0000000344
  • 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: 6300
  • Parcel: METH M:00412 B:00126A L:00068R
  • Block: 126A
  • Lot: 68R
  • Municipality: METHUEN
  • Latitude: 42.7312
  • Longitude: -71.2206

    Address

  • Full Address: 3 College Ln
  • Address - House Number: 3
  • Address - Street Name: College
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Methuen
  • Carrier Code: C037
  • 4-Digit Zip Code: 1511
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $449,200

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 528,361
  • High Value: 624,411
  • Low Value: 432,311

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $383,900
  • Assessed Land Value: $180,000
  • Assessed Improvements Value: $203,900

    Sales

  • Current Sale Contract Date: Oct 22, 2021
  • Current Sale Recording Date: Oct 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 35093
  • Previous Sale Recording Date: Apr 23, 2013
  • 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

52

Average Home Size

2157 ft²

Average Home Age

55.2 years

Currently For Sale

74 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

$2,900 /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# 73508431

Frequently Asked Questions

When was property at 3 College Lane built and last sold?
The property at 3 College Lane was built in 1962 and last sold on Oct 22, 2021 for $473,000.
How much is this home worth?
The estimated value of the home located at 3 College Lane is $551,094.
What are some comparable homes to 3 College Lane?
There are currently no comparable homes to 3 College Lane.
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