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Methuen Town 01844
498 Prospect St
$297,000
● House - Off Market

498 Prospect St

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,385 Ft²
$503,567
RealtyHop Estimate
67.91%
Since Feb 1, 2017
National-US
Primary Model

About This Property

Storybook Charming Ranch with over $70k in renovations! Custom kitchen with upgraded cabinets, appliances and granite. Living Room with newly refaced marble fireplace. Built-ins and hardwood flooring throughout. Newer Harvey windows and roof. Irrigation system, prof landscaped, alarm system. Mudroom or Office off garage. Back yard is terraced with beautiful paver patio & garden area. Fenced yard. Lots of additional space in walk out basement & potential for future expansion including workshop area. 1 car garage.  Must see property!
Unit Size
1,385 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$217
Property Type
House
Property Taxes
$258
HOA Dues
-
Year Built
1955

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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 #72083775)

Price History

Date / Event Date Event Price
Jan 6, 2017 Sold
Premium
Sold
Oct 20, 2016 Listed by RE/MAX Partners $299,900
Listed by RE/MAX Partners
Jun 27, 2008 Sold
Premium
Sold
Apr 25, 2008 Listed by RE/MAX Partners $279,900
Listed by RE/MAX Partners
Jul 31, 2002 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 1,529
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,100
  • Total Building Area: 1,385
  • Gross Building Area: 3,250
  • Building Area: 1,385
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,385
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000209
  • 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: 13527
  • Parcel: METH M:00914 B:00097 L:00018A
  • Block: 97
  • Lot: 18A
  • Municipality: METHUEN
  • Latitude: 42.7265
  • Longitude: -71.1588

    Address

  • Full Address: 498 Prospect St
  • Address - House Number: 498
  • Address - Street Name: Prospect
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C038
  • 4-Digit Zip Code: 7512
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $466,500

    Appraisal Valuation

  • Standard Deviation: 0.1692
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 510,245
  • High Value: 596,627
  • Low Value: 423,862

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $398,700
  • Assessed Land Value: $149,300
  • Assessed Improvements Value: $249,400

    Sales

  • Current Sale Recording Date: Jan 06, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 499
  • Previous Sale Recording Date: Jun 27, 2008
  • Previous Sale Amount: $279,900
  • 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

$325

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2218 ft²

Average Home Age

55.9 years

Currently For Sale

79 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# 72083775

Frequently Asked Questions

When was property at 498 Prospect Street built and last sold?
The property at 498 Prospect Street was built in 1955 and last sold on Jan 1, 1970 for $297,000.
How much is this home worth?
The estimated value of the home located at 498 Prospect Street is $311,516.
What are some comparable homes to 498 Prospect Street?
There are currently no comparable homes to 498 Prospect Street.
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