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Methuen Town 01844
31 Bridle Path Ln
$545,000
● House - Off Market

31 Bridle Path Ln

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,400 Ft²
$755,669
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model

About This Property

PRICED TO SELL! Here's why you're going to want to see this one:   • Tree lined street, quiet, beautiful neighborhood, March School district , West Methuen • Minutes to I-93 & Tax-Free NH Shopping   • 3 bed/3bath  • Master w/ bathroom en suite & walk-in closet  • STUNNING & HUGE screened-in porch, wood ceilings, perfect for parties, outfitted with electric & cable  • Extended patio with gas hookup for your grill  • 1/2 acre, manicured lot, w/ irrigation system • Huge family room, great for movie nights or watching the game  • White cabinets in kitchen w/ granite countertops  • 2 car garage off of the kitchen  • Unfinished attic & basement -  room for expansion as both have full ceiling height
Unit Size
2,400 Ft²
Days on Market
-
Land Size
0.58 acres
Price per sqft
$227
Property Type
House
Property Taxes
$475
HOA Dues
-
Year Built
1986

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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: 4 months ago (MLSPIN #72657386)

Price History

Date / Event Date Event Price
Jul 28, 2020 Sold
Premium
Sold
May 16, 2020 Listed by Harkins Real Estate $545,000
Listed by Harkins Real Estate
Aug 1, 1989 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • 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: 864
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,308
  • Total Building Area: 2,244
  • Gross Building Area: 5,430
  • Building Area: 2,244
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,244
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000581
  • 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: 10016
  • Parcel: METH M:00312 B:00126A L:00103
  • Block: 126A
  • Lot: 103
  • Municipality: METHUEN
  • Latitude: 42.7318
  • Longitude: -71.2298

    Address

  • Full Address: 31 Bridle Path Ln
  • Address - House Number: 31
  • Address - Street Name: Bridle Path
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Methuen
  • Carrier Code: R012
  • 4-Digit Zip Code: 1572
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $628,600

    Appraisal Valuation

  • Standard Deviation: 0.1558
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 699,828
  • High Value: 808,912
  • Low Value: 590,744

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $537,300
  • Assessed Land Value: $196,200
  • Assessed Improvements Value: $341,100

    Sales

  • Current Sale Contract Date: Jul 28, 2020
  • Current Sale Recording Date: Jul 28, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 19135
  • Previous Sale Recording Date: Aug 01, 1989
  • Previous Sale Amount: $185,000
  • 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

$325

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2191 ft²

Average Home Age

55.3 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

Unit for rent at 58 Brady, Salem, 03079

$3,500 /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# 72657386

Frequently Asked Questions

When was property at 31 Bridle Path Lane built and last sold?
The property at 31 Bridle Path Lane was built in 1986 and last sold on Jul 28, 2020 for $545,000.
How much is this home worth?
The estimated value of the home located at 31 Bridle Path Lane is $563,584.
What are some comparable homes to 31 Bridle Path Lane?
There are currently no comparable homes to 31 Bridle Path Lane.
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