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Methuen Town 01844
520 Prospect St
$367,000
● House - Off Market

520 Prospect St

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,900 Ft²
$596,230
RealtyHop Estimate
61.58%
Since Jun 1, 2017
National-US
Primary Model

About This Property

2017 REHAB, NEW FROM THE FOUNDATION & EXTERIOR WALLS.  Fabulous granite kitchen with SS appliances, open floor plan leads to family room with fireplace.  Full baths on each floor, large bedroom on first floor for easy access.  All new systems, new roof, on demand hot water, 200 amp overhead electrical service, mud room.  BAMBOO flooring on first floor.  GREAT commuter location, only about 1 mile from 495 to the east or 213 to the north.  Plantings include blueberry bushes.  Attractively priced to sell.  NOTE:  Driveway is scheduled to be re-paved
Unit Size
1,900 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$194
Property Type
House
Property Taxes
$248
HOA Dues
-
Year Built
1960

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Cap Rate Calculator

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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: 4 months ago (MLSPIN #72145551)

Price History

Date / Event Date Event Price
Oct 30, 2020 Sold
Premium
Sold
Sep 2, 2020 Listed by Scollay Square Realty $449,900
Listed by Scollay Square Realty
May 26, 2017 Sold
Premium
Sold
Apr 13, 2017 Listed by Scollay Square Realty $369,000
Listed by Scollay Square Realty

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 2017
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 1,008
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,298
  • Total Building Area: 1,824
  • Gross Building Area: 2,443
  • Building Area: 1,824
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,824
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000190
  • 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: 3168
  • Parcel: METH M:00814 B:00092 L:00002
  • Block: 92
  • Lot: 2
  • Municipality: METHUEN
  • Latitude: 42.7287
  • Longitude: -71.161

    Address

  • Full Address: 520 Prospect St
  • Address - House Number: 520
  • Address - Street Name: Prospect
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C016
  • 4-Digit Zip Code: 5152
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $591,800

    Appraisal Valuation

  • Standard Deviation: 0.1712
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 596,198
  • High Value: 698,286
  • Low Value: 494,110

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $505,800
  • Assessed Land Value: $150,300
  • Assessed Improvements Value: $355,500

    Sales

  • Current Sale Contract Date: Oct 28, 2020
  • Current Sale Recording Date: Oct 30, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 29999
  • Previous Sale Recording Date: May 26, 2017
  • Previous Sale Amount: $367,000
  • 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

2235 ft²

Average Home Age

55.5 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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72145551

Frequently Asked Questions

When was property at 520 Prospect Street built and last sold?
The property at 520 Prospect Street was built in 1960 and last sold on Oct 28, 2020 for $460,000.
How much is this home worth?
The estimated value of the home located at 520 Prospect Street is $459,634.
What are some comparable homes to 520 Prospect Street?
There are currently no comparable homes to 520 Prospect Street.
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