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Methuen Town 01844
511 Prospect St
$352,000
● House - Off Market

511 Prospect St

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,784 Ft²
$556,911
RealtyHop Estimate
59.24%
Since Oct 1, 2017
National-US
Primary Model

About This Property

Do not wait to see this spacious and gracious cape located in a commuter friendly location near the Holy Family Hospital. This home has so much to offer from top to bottom, inside and out. Roof, windows, siding, landscaping has all been done! Inside you will find a light and airy eat in kitchen, dining room with a built-in cabinet, front to back fireplaced living room. Upstairs are 3 bedrooms with an additional room that can be used as an office/gaming room/walk in closet...the options are endless, could even be a 4th bedroom.  Walk down to the lower level and find another 980+/- sq' of finished space with it's own entrance from the exterior.  Here you will find a large family room, full bath, laundry room, and a home office.  WOW!  Come and see this home before it is GONE.
Unit Size
1,784 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$196
Property Type
House
Property Taxes
$337
HOA Dues
-
Year Built
1941

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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 #72210064)

Price History

Date / Event Date Event Price
Jul 30, 2021 Sold
Premium
Sold
Jun 8, 2021 Listed by Century 21 McLennan & Company $499,900
Listed by Century 21 McLennan & Company
Sep 20, 2017 Sold
Premium
Sold
Aug 7, 2017 Listed by Century 21 McLennan & Company $349,721
Listed by Century 21 McLennan & Company
Sep 14, 2009 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1941
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 9
  • Basement Area: 945
  • 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: 2,682
  • Gross Building Area: 3,492
  • Building Area: 2,682
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,682
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: B PLAN 16040
  • 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: 11486
  • Parcel: METH M:00914 B:00088 L:00021
  • Block: 88
  • Lot: 21
  • Municipality: METHUEN
  • Latitude: 42.7289
  • Longitude: -71.1604

    Address

  • Full Address: 511 Prospect St
  • Address - House Number: 511
  • Address - Street Name: Prospect
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C016
  • 4-Digit Zip Code: 5149
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $557,200

    Appraisal Valuation

  • Standard Deviation: 0.162
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 598,833
  • High Value: 695,856
  • Low Value: 501,811

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $476,200
  • Assessed Land Value: $152,000
  • Assessed Improvements Value: $324,200

    Sales

  • Current Sale Contract Date: Jul 30, 2021
  • Current Sale Recording Date: Jul 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 125460
  • Previous Sale Recording Date: Sep 20, 2017
  • Previous Sale Contract Date: Aug 23, 2017
  • Previous Sale Amount: $352,000
  • Previous Sale Document Type: O
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

2191 ft²

Average Home Age

55.3 years

Currently For Sale

76 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# 72210064

Frequently Asked Questions

When was property at 511 Prospect Street built and last sold?
The property at 511 Prospect Street was built in 1941 and last sold on Jul 30, 2021 for $510,000.
How much is this home worth?
The estimated value of the home located at 511 Prospect Street is $523,263.
What are some comparable homes to 511 Prospect Street?
There are currently no comparable homes to 511 Prospect Street.
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