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Methuen Town 01844
31 Chippy Ln
$530,000
● House - Off Market

31 Chippy Ln

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,634 Ft²
$560,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

Spacious Split entrance home situated on the sought Methuen area. Mins to major Highway, shopping mall, dinning and much more. This turn key ,offers 2 spacious bedrooms on main floor and 3rd bedroom on the basement area, with family room or potential 4th bedroom. This gem offers 1 and 1/2 bath a kitchen overviewing the spacious backyard , with 1 car garage and 2 additional parking spots.
Unit Size
1,634 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$343
Property Type
House
Property Taxes
$422
HOA Dues
-
Year Built
1982

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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 #73161172)

Price History

Date / Event Date Event Price
Nov 27, 2023 Sold
Premium
Sold
Oct 25, 2023 In contract -
In contract
Sep 19, 2023 Listed by Realty ONE Group Nest $560,000
Listed by Realty ONE Group Nest
Aug 31, 2023 Sold
Premium
Sold
Jun 28, 1988 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1982
  • Effective Year Built: 1982
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • 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: 1,000
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,685
  • Total Building Area: 1,634
  • Gross Building Area: 2,214
  • Building Area: 1,634
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,634
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000245
  • 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: 252601

Zoning

  • Zoning: RD

Geography

  • Account Number: 10098
  • Parcel: METH M:01012 B:00108 L:00003J
  • Block: 108
  • Lot: 3J
  • Municipality: METHUEN
  • Latitude: 42.7415
  • Longitude: -71.1478

    Address

  • Full Address: 31 Chippy Ln
  • Address - House Number: 31
  • Address - Street Name: Chippy
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Methuen
  • Carrier Code: R001
  • 4-Digit Zip Code: 7420
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $506,300
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 94
  • Final Value: 566,082
  • High Value: 611,317
  • Low Value: 520,848

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $432,700
  • Assessed Land Value: $176,700
  • Assessed Improvements Value: $256,000

    Sales

  • Current Sale Contract Date: Nov 27, 2023
  • Current Sale Recording Date: Nov 27, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 19527
  • Previous Sale Recording Date: Aug 31, 2023
  • Previous Sale Contract Date: Aug 31, 2023
  • Previous Sale Amount: $450,000
  • Previous Sale Document Type: O
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

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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73161172

Frequently Asked Questions

When was property at 31 Chippy Lane built and last sold?
The property at 31 Chippy Lane was built in 1982 and last sold on Nov 27, 2023 for $530,000.
How much is this home worth?
The estimated value of the home located at 31 Chippy Lane is $563,509.
What are some comparable homes to 31 Chippy Lane?
There are currently no comparable homes to 31 Chippy Lane.
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