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Middlesex
343 Methuen St
$510,000
● House - Off Market

343 Methuen St

Dracut, MA 01826
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,624 Ft²
$567,755
RealtyHop Estimate
8.16%
Since Feb 1, 2022
National-US
Primary Model

About This Property

Come see this oversized 3 bedroom ranch which is an original Hicks built home. This home has been beautifully maintained and features a four season sunroom with Anderson Window and Doors.  Great open concept layout for entertaining when the family comes over with the Kitchen/Family room/Dining all in one large room.  The Laundry room features hardwood floors and a closet.  Attached two car garage and lots of off street parking.  Large formal living room featuring a big bay window to take in the beautiful views.  This property sits on a nice private lot.  Quick closing possible.
Unit Size
1,624 Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$323
Property Type
House
Property Taxes
$394
HOA Dues
-
Year Built
1954

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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: 5 months ago (MLSPIN #72921375)

Price History

Date / Event Date Event Price
Jan 21, 2022 Sold
Premium
Sold
Nov 18, 2021 Listed by LAER Realty Partners $524,900
Listed by LAER Realty Partners

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • 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: 1,624
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,000
  • Total Building Area: 1,624
  • Gross Building Area: 3,862
  • Building Area: 1,624
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,624
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000689
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Dracut School District
  • School Tax School District: DRACUT SD
  • Census Tract: 314301

Zoning

  • Zoning: R3

Geography

  • Account Number: 823716
  • District: 79
  • Parcel: DRAC M:70 L:6
  • Lot: 6
  • Municipality: DRACUT
  • Latitude: 42.6592
  • Longitude: -71.2934

    Address

  • Full Address: 343 Methuen St
  • Address - House Number: 343
  • Address - Street Name: Methuen
  • Address - Suffix Type: St
  • State: MA
  • City Name: Dracut
  • Carrier Code: C004
  • 4-Digit Zip Code: 5240
  • Zip Code: 01826

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $490,800

    Appraisal Valuation

  • Standard Deviation: 0.1853
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 544,301
  • High Value: 645,169
  • Low Value: 443,434

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $469,700
  • Assessed Land Value: $208,500
  • Assessed Improvements Value: $261,200

    Sales

  • Current Sale Contract Date: Jan 21, 2022
  • Current Sale Recording Date: Jan 21, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 3421
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 Middlesex

Stats & Trends

Median Asking:

$819,900

Sale Price/ft²

$439

Below Asking

0.02%

Average Days on Market

55

Average Home Size

2716 ft²

Average Home Age

64.7 years

Currently For Sale

3114 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# 72921375

Frequently Asked Questions

When was property at 343 Methuen Street built and last sold?
The property at 343 Methuen Street was built in 1954 and last sold on Jan 21, 2022 for $510,000.
How much is this home worth?
The estimated value of the home located at 343 Methuen Street is $540,365.
What are some comparable homes to 343 Methuen Street?
There are currently no comparable homes to 343 Methuen Street.
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