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Methuen Town 01844
46 Chippy Ln
$425,000
● House - Off Market

46 Chippy Ln

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,995 Ft²
$622,482
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model

About This Property

Interested in the sought after Larchmont Estates neighborhood in Methuen? Look no further than this well maintained 4 bedroom gambrel. Picture yourself entertaining in the oversized family room off of the kitchen complete with hardwood floors and hand laid shiplap ceilings. Host huge cookouts and parties in the back yard complete with your 16 x 32 foot in-ground pool with a brand new liner and a storage shed with an outdoor bar. One of the bedrooms is located on the first floor along with a full bath. This home is also located in the desirable CGS school district and very close to the Loop shopping and highways for easy commuting.  Make an appointment today, you won't be disappointed.
Unit Size
1,995 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$213
Property Type
House
Property Taxes
$364
HOA Dues
-
Year Built
1982

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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 #72555579)

Price History

Date / Event Date Event Price
Oct 30, 2019 Sold
Premium
Sold
Aug 27, 2019 Listed by eXp Realty $425,000
Listed by eXp Realty
Aug 1, 2003 Sold
Premium
Sold
Apr 25, 2003 Listed by eXp Realty $344,900
Listed by eXp Realty

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1982
  • Effective Year Built: 1982
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 816
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 10,276
  • Total Building Area: 1,995
  • Gross Building Area: 3,046
  • Building Area: 1,995
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,995
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000236
  • 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: 11087
  • Parcel: METH M:01012 B:00108 L:00003N
  • Block: 108
  • Lot: 3N
  • Municipality: METHUEN
  • Latitude: 42.7409
  • Longitude: -71.1463

    Address

  • Full Address: 46 Chippy Ln
  • Address - House Number: 46
  • Address - Street Name: Chippy
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Methuen
  • Carrier Code: R001
  • 4-Digit Zip Code: 7427
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $535,500

    Appraisal Valuation

  • Standard Deviation: 0.1761
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 582,732
  • High Value: 685,365
  • Low Value: 480,098

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $457,700
  • Assessed Land Value: $175,700
  • Assessed Improvements Value: $282,000

    Sales

  • Current Sale Contract Date: Oct 30, 2019
  • Current Sale Recording Date: Oct 30, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 27058
  • Previous Sale Recording Date: Aug 01, 2003
  • Previous Sale Amount: $350,000
  • 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

$326

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2218 ft²

Average Home Age

56.4 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72555579

Frequently Asked Questions

When was property at 46 Chippy Lane built and last sold?
The property at 46 Chippy Lane was built in 1982 and last sold on Oct 30, 2019 for $425,000.
How much is this home worth?
The estimated value of the home located at 46 Chippy Lane is $438,752.
What are some comparable homes to 46 Chippy Lane?
There are currently no comparable homes to 46 Chippy Lane.
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