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Methuen Town 01844
474 Prospect Street
$475,000
● House - Off Market

474 Prospect Street

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
1 Bath
square feet
2,469 Ft²
$517,407
RealtyHop Estimate
18.94%
Since Jun 1, 2021
National-US
Primary Model

About This Property

Spacious home that hasn't been on the market in 75 years. This Colonial home features a large covered front porch leading into the oversized family room with high ceilings, fireplace and beautiful staircase.  First floor also offers a dining room, den and kitchen with a back stairscase.  Second floor offers 4 generous bedrooms and a full bath. Walk-up attic for storage or future expansion.  Bring your ideas and make this your home.
Unit Size
2,469 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$176
Property Type
House
Property Taxes
$403
HOA Dues
-
Year Built
1901

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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 years ago (MLSPIN #72805510)

Price History

Date / Event Date Event Price
May 28, 2021 Sold
Premium
Sold
Apr 5, 2021 Listed by Coco, Early & Associates Lawrence Division LLC $435,000
Listed by Coco, Early & Associates Lawrence Division LLC

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1901
  • Effective Year Built: 1901
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,191
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,532
  • Total Building Area: 2,469
  • Gross Building Area: 5,301
  • Building Area: 2,469
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,469
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000173
  • 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: 252501

Zoning

  • Zoning: RC

Geography

  • Account Number: 8332
  • Parcel: METH M:00914 B:00097 L:00012
  • Block: 97
  • Lot: 12
  • Municipality: METHUEN
  • Latitude: 42.7242
  • Longitude: -71.1573

    Address

  • Full Address: 474 Prospect St
  • Address - House Number: 474
  • Address - Street Name: Prospect
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C026
  • 4-Digit Zip Code: 7515
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $545,200

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 573,173
  • High Value: 677,369
  • Low Value: 468,976

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $466,000
  • Assessed Land Value: $162,100
  • Assessed Improvements Value: $303,900

    Sales

  • Current Sale Contract Date: May 28, 2021
  • Current Sale Recording Date: May 28, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 17930
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

2235 ft²

Average Home Age

55.5 years

Currently For Sale

73 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: 5 years ago
Data Source: MLS PIN, MLS# 72805510

Frequently Asked Questions

When was property at 474 Prospect Street built and last sold?
The property at 474 Prospect Street was built in 1901 and last sold on May 28, 2021 for $475,000.
How much is this home worth?
The estimated value of the home located at 474 Prospect Street is $0.
What are some comparable homes to 474 Prospect Street?
There are currently no comparable homes to 474 Prospect Street.
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