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Methuen Town 01844
46 Magna Road
$409,000
● House - Off Market

46 Magna Road

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,812 Ft²
$585,719
RealtyHop Estimate
46.47%
Since Nov 1, 2019
National-US
Primary Model

About This Property

LOCATION & STYLE! The search is over! This spectacular 3 bedroom Split Entry home is meticulously maintained.  Featuring UPDATED EAT IN KITCHEN with Stainless Steel appliances and granite counter tops and living room with fireplace.  Dining area leads to what is sure to be the favorite room in the house ~ OVERSIZED SUNROOM overlooks private tree lined yard and leads to patio, perfect for entertaining!  UPDATED FULL BATH, 3 bedrooms on the 1st floor.  The lower level offers additional living space ideal for family room, plus a 3/4 BATH!  2 Car Garage, NEW HEATING SYSTEM! Gorgeous manicured lot at the end of a cul-de-sac.  Just minutes to major routes and the loop!  Move-in Ready, a pleasure to show!
Unit Size
1,812 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$221
Property Type
House
Property Taxes
$394
HOA Dues
-
Year Built
1985

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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 #72553888)

Price History

Date / Event Date Event Price
Oct 3, 2019 Sold
Premium
Sold
Aug 22, 2019 Listed by Leading Edge Real Estate $399,900
Listed by Leading Edge Real Estate
Dec 4, 2009 Sold
Premium
Sold
Aug 1, 2009 Listed by Leading Edge Real Estate $304,900
Listed by Leading Edge Real Estate
Aug 9, 1999 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 1,080
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,381
  • Total Building Area: 1,488
  • Gross Building Area: 2,452
  • Building Area: 1,488
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,488
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000353
  • 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: 252502

Zoning

  • Zoning: RC

Geography

  • Account Number: 337
  • Parcel: METH M:00912 B:00080 L:00006S
  • Block: 80
  • Lot: 6S
  • Municipality: METHUEN
  • Latitude: 42.7381
  • Longitude: -71.1599

    Address

  • Full Address: 46 Magna Rd
  • Address - House Number: 46
  • Address - Street Name: Magna
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Methuen
  • Carrier Code: C016
  • 4-Digit Zip Code: 4655
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $554,600

    Appraisal Valuation

  • Standard Deviation: 0.1692
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 603,790
  • High Value: 706,010
  • Low Value: 501,570

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $474,000
  • Assessed Land Value: $188,500
  • Assessed Improvements Value: $285,500

    Sales

  • Current Sale Contract Date: Sep 17, 2019
  • Current Sale Recording Date: Oct 03, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 24497
  • Previous Sale Recording Date: Dec 04, 2009
  • Previous Sale Amount: $306,900
  • 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72553888

Frequently Asked Questions

When was property at 46 Magna Road built and last sold?
The property at 46 Magna Road was built in 1985 and last sold on Sep 17, 2019 for $409,000.
How much is this home worth?
The estimated value of the home located at 46 Magna Road is $414,443.
What are some comparable homes to 46 Magna Road?
There are currently no comparable homes to 46 Magna Road.
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