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Methuen Town 01844
5 Cornish Rd
$540,000
● House - Off Market

5 Cornish Rd

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,548 Ft²
$3,027
Est. Monthly

About This Property

Move right into this single family Cape... Located on quiet cul de sac street in east Methuen. Close to highway and shopping...Vinyl siding 2017, roof 2017. Brand new 10 x 12 deck on back of house.  Garage doors brand new with remotes. Good sized fenced in lot....
Unit Size
1,548 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$349
Property Type
House
Property Taxes
$375
HOA Dues
-
Year Built
1970

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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: 5 months ago (MLSPIN #73197150)

Price History

Date / Event Date Event Price
Mar 29, 2024 Sold
Premium
Sold
Feb 12, 2024 In contract -
In contract
Jan 27, 2024 Listed by T.A. Sullivan Agency Inc. $539,900
Listed by T.A. Sullivan Agency Inc.
Sep 6, 1990 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • 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: 10,001
  • Total Building Area: 1,548
  • Gross Building Area: 3,216
  • Building Area: 1,548
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,548
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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: RD

Geography

  • Account Number: 2212
  • Parcel: METH M:00816 B:00096 L:00010G
  • Block: 96
  • Lot: 10G
  • Municipality: METHUEN
  • Latitude: 42.7226
  • Longitude: -71.1619

    Address

  • Full Address: 5 Cornish Rd
  • Address - House Number: 5
  • Address - Street Name: Cornish
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Methuen
  • Carrier Code: C023
  • 4-Digit Zip Code: 5007
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $450,200

    Appraisal Valuation

  • Standard Deviation: 0.0797
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 94
  • Final Value: 564,110
  • High Value: 609,077
  • Low Value: 519,142

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $384,800
  • Assessed Land Value: $168,000
  • Assessed Improvements Value: $216,800

    Sales

  • Current Sale Contract Date: Mar 29, 2024
  • Current Sale Recording Date: Mar 29, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 4549
  • Previous Sale Recording Date: Sep 06, 1990
  • Previous Sale Amount: $140,000
  • 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

$327

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2193 ft²

Average Home Age

59.5 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: 5 months ago
Data Source: MLS PIN, MLS# 73197150

Frequently Asked Questions

When was property at 5 Cornish Road built and last sold?
The property at 5 Cornish Road was built in 1970 and last sold on Mar 29, 2024 for $540,000.
How much is this home worth?
The estimated value of the home located at 5 Cornish Road is $545,836.
What are some comparable homes to 5 Cornish Road?
There are currently no comparable homes to 5 Cornish Road.
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