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Methuen Town 01844
534 Prospect Street
$338,900
● House - Off Market

534 Prospect Street

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,536 Ft²
$512,817
RealtyHop Estimate
51.27%
Since Sep 1, 2018
National-US
Primary Model

About This Property

Charming 3 bedroom Colonial waiting for you to make your home. Enter through a lovely covered porch with a double seated swing. Front to back living room with hardwood flooring and a wood fireplace. New half bath has been added to accommodate your guests. Beautiful updated kitchen with granite countertops and a pleasing color palette. Upstairs boasts 3 good size bedrooms and a full bath. Detached garage will help with additional storage. The yard in fenced in for added privacy. Newer roof, fence, painting on the first floor. LG appliances. Flooring on the first floor has been refurbished or replace. Nothing to do but move in!
Unit Size
1,536 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$221
Property Type
House
Property Taxes
$272
HOA Dues
-
Year Built
1931

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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 #72346577)

Price History

Date / Event Date Event Price
Aug 10, 2018 Sold
Premium
Sold
Jun 12, 2018 Listed by Century 21 North East $339,000
Listed by Century 21 North East
Jan 29, 2016 Sold
Premium
Sold
Feb 15, 2000 Sold
Premium
Sold
Oct 20, 1999 Listed by Century 21 McLennan & Company $179,900
Listed by Century 21 McLennan & Company
VERY ATTRACTIVE COLONIAL WITH HUGE FARMERS PORCH.VERY PRETTY FRONT. BACK LIVING ROOM WITH FIREPLACE. NEW KITCHEN,NEW HEATING SYSTEM. LOTS OF NEW WINDOWS. HUGE MASTER & SEC.SYSTEM.
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Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1931
  • Effective Year Built: 1931
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 768
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,400
  • Total Building Area: 1,536
  • Gross Building Area: 2,556
  • Building Area: 1,536
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,536
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000216
  • 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: 7391
  • Parcel: METH M:00814 B:00091 L:00002
  • Block: 91
  • Lot: 2
  • Municipality: METHUEN
  • Latitude: 42.7297
  • Longitude: -71.1613

    Address

  • Full Address: 534 Prospect St
  • Address - House Number: 534
  • Address - Street Name: Prospect
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C016
  • 4-Digit Zip Code: 5102
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $427,300

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 486,157
  • High Value: 574,535
  • Low Value: 397,780

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $365,200
  • Assessed Land Value: $152,700
  • Assessed Improvements Value: $212,500

    Sales

  • Current Sale Recording Date: Aug 10, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 19453
  • Previous Sale Recording Date: Jan 29, 2016
  • Previous Sale Amount: $215,000
  • 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

2195 ft²

Average Home Age

55.4 years

Currently For Sale

69 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# 72346577

Frequently Asked Questions

When was property at 534 Prospect Street built and last sold?
The property at 534 Prospect Street was built in 1931 and last sold on Jan 1, 1970 for $338,900.
How much is this home worth?
The estimated value of the home located at 534 Prospect Street is $351,850.
What are some comparable homes to 534 Prospect Street?
There are currently no comparable homes to 534 Prospect Street.
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