For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Methuen Town 01844
5 Norwich Lane
$490,000
● House - Off Market

5 Norwich Lane

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,140 Ft²
$743,514
RealtyHop Estimate
51.77%
Since Dec 1, 2018
National-US
Primary Model

About This Property

Here's the one you've been waiting for! An immaculate colonial at the end of a cul-de-sac! Prepare to be impressed as you enter into this beautifully cared for home. The entire house is bright and inviting with a remodeled kitchen featuring new floors, granite countertops, stainless steel appliances, breakfast area, upgraded cabinets, and a five-burner gas stove. Like to entertain? The kitchen flows nicely into the family room with a gas fireplace and also to a large, composite deck. The dining room is bright and opens to the large living room. The master suite features a large walk-in closet and full bath. Each bedroom is generously sized. Great storage or potential living space in the walk-up attic. Brand new carpets throughout. The exterior is totally maintenance free, nothing to do but unpack!
Unit Size
2,140 Ft²
Days on Market
-
Land Size
1.29 acres
Price per sqft
$229
Property Type
House
Property Taxes
$506
HOA Dues
-
Year Built
1997

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 months ago (MLSPIN #72398590)

Price History

Date / Event Date Event Price
Nov 2, 2018 Sold
Premium
Sold
Sep 20, 2018 Listed by Century 21 McLennan & Company $489,900
Listed by Century 21 McLennan & Company
May 28, 2002 Sold
Premium
Sold
Mar 27, 2002 Listed by Century 21 McLennan & Company $352,900
Listed by Century 21 McLennan & Company

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 1,064
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 56,192
  • Total Building Area: 2,140
  • Gross Building Area: 4,588
  • Building Area: 2,140
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,140
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001290
  • 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: 13709
  • Parcel: METH M:00808 B:00075 L:00020K
  • Block: 75
  • Lot: 20K
  • Municipality: METHUEN
  • Latitude: 42.7661
  • Longitude: -71.1692

    Address

  • Full Address: 5 Norwich Ln
  • Address - House Number: 5
  • Address - Street Name: Norwich
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Methuen
  • Carrier Code: R004
  • 4-Digit Zip Code: 2677
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $728,700

    Appraisal Valuation

  • Standard Deviation: 0.1712
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 737,364
  • High Value: 863,624
  • Low Value: 611,103

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $622,800
  • Assessed Land Value: $239,300
  • Assessed Improvements Value: $383,500

    Sales

  • Current Sale Recording Date: Nov 02, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 26879
  • Previous Sale Recording Date: May 28, 2002
  • Previous Sale Amount: $348,900
  • 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

$327

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2157 ft²

Average Home Age

54.7 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

Unit for rent at 387 Main St., Salem, 03079

$2,400 /mo

  • 1 Bed
  • 1 Bath
  • 1,096 ft²
387 Main St. #3, Salem, 03079 Listing by Daniel Mendonca

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72398590

Frequently Asked Questions

When was property at 5 Norwich Lane built and last sold?
The property at 5 Norwich Lane was built in 1997 and last sold on Jan 1, 1970 for $490,000.
How much is this home worth?
The estimated value of the home located at 5 Norwich Lane is $500,724.
What are some comparable homes to 5 Norwich Lane?
There are currently no comparable homes to 5 Norwich Lane.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Methuen Town Homes for Sale
Methuen Town Houses for Sale
Methuen Town Condos for Sale
Methuen Town Townhouses for Sale
Methuen Town Multifamily for Sale
Methuen Town Land for Sale
Methuen Town Commercial for Sale
Methuen Town Homes with Basements
Nearby Cities
Lowell Homes for Sale
Haverhill Homes for Sale
Lawrence Homes for Sale
Wilmington Homes for Sale
Derry Homes for Sale
Londonderry Homes for Sale
Andover Homes for Sale
Boxford Homes for Sale
Nearby Property Records
Essex County, MA Property Records
Middlesex County, MA Property Records
Rockingham County, NH Property Records
Hillsborough County, NH Property Records
Suffolk County, MA Property Records
Norfolk County, MA Property Records
Strafford County, NH Property Records
Worcester County, MA Property Records
Neighborhoods
Highlands Real Estate
Centralville Real Estate
Pawtucketville Real Estate
South Lowell Real Estate
Tower Hill Real Estate
Belvidere Real Estate
Prospect Hill - Back Bay Real Estate
Arlington Real Estate
Nearby Counties
Lowell Homes for Sale
Haverhill Homes for Sale
Lawrence Homes for Sale
Chelmsford Homes for Sale
Andover Homes for Sale
Billerica Homes for Sale
North Andover Homes for Sale
Dracut Homes for Sale
Top Real Estate Agents
Top Agents in Methuen Town
Top Agents in Lowell
Top Agents in Lowell
Top Agents in Haverhill
Top Agents in Haverhill
Top Agents in 01844
Top Agents in Lawrence
Top Agents in Lawrence