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Methuen Town 01844
5 Lancaster Road
$460,000
● House - Off Market

5 Lancaster Road

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,180 Ft²
$498,511
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

Come check out this completely remodeled single family in desirable CGS school district location. This home sits close to schools, shopping, highway access, and tax free Salem NH. The first  floor features large living room and dining room with hardwood floors and high ceilings. Also a newly renovated kitchen complete with center island, new cabinets, quartz counter tops, and stainless steel appliances. The second floor has 3 spacious bedrooms with hardwood floors and a newly renovated full bath. The heating system, tankless hot water. and electrical panel have also been updated. Let's see if you can qualify for MassDreams grant program and get up to $50K down payment and closing cost assistance.
Unit Size
1,180 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$398
Property Type
House
Property Taxes
$299
HOA Dues
-
Year Built
1915

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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 #73054617)

Price History

Date / Event Date Event Price
Dec 23, 2022 Sold
Premium
Sold
Nov 30, 2022 In contract -
In contract
Nov 2, 2022 Listed by Century 21 McLennan & Company $469,900
Listed by Century 21 McLennan & Company
Jun 29, 2022 Sold
Premium
Sold
May 26, 2022 Listed by Century 21 McLennan & Company $329,900
Listed by Century 21 McLennan & Company

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1915
  • Effective Year Built: 1915
  • 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: 16
  • Exterior Walls Type: 1
  • 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: 772
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,002
  • Total Building Area: 1,180
  • Gross Building Area: 2,632
  • Building Area: 1,180
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,180
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000184
  • 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: 252603

Zoning

  • Zoning: RA

Geography

  • Account Number: 10293
  • Parcel: METH M:00810 B:00068A L:00121
  • Block: 68A
  • Lot: 121
  • Municipality: METHUEN
  • Latitude: 42.7448
  • Longitude: -71.1717

    Address

  • Full Address: 5 Lancaster Rd
  • Address - House Number: 5
  • Address - Street Name: Lancaster
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Methuen
  • Carrier Code: C038
  • 4-Digit Zip Code: 2529
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $392,900
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 452,184
  • High Value: 534,386
  • Low Value: 369,982

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $335,800
  • Assessed Land Value: $156,400
  • Assessed Improvements Value: $179,400

    Sales

  • Current Sale Contract Date: Dec 23, 2022
  • Current Sale Recording Date: Dec 23, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 29055
  • Previous Sale Recording Date: Jun 29, 2022
  • Previous Sale Contract Date: Jun 28, 2022
  • Previous Sale Amount: $340,000
  • Previous Sale Document Type: 35
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

2221 ft²

Average Home Age

56.1 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# 73054617

Frequently Asked Questions

When was property at 5 Lancaster Road built and last sold?
The property at 5 Lancaster Road was built in 1915 and last sold on Dec 23, 2022 for $460,000.
How much is this home worth?
The estimated value of the home located at 5 Lancaster Road is $465,865.
What are some comparable homes to 5 Lancaster Road?
There are currently no comparable homes to 5 Lancaster Road.
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