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Methuen Town 01844
560 Prospect Street
$455,000
● House - Off Market

560 Prospect Street

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,000 Ft²
$765,974
RealtyHop Estimate
66.55%
Since Mar 1, 2017
National-US
Primary Model

About This Property

New construction. Easy access to highway. Close to shopping and local amenities.  This home is offering a master suite with private bath, double sinks and walk in closet. Three additional bedrooms. Another full bath on the second floor with double sink vanity and one half bath located on the main floor. Two car garage, formal dining room and eat in kitchen. Hardwood flooring in foyer, kitchen, dining room, living room, stairs and 2nd floor hallway. Granite counters in kitchen and baths. Tankless propane water heater.
Unit Size
2,000 Ft²
Days on Market
-
Land Size
0.68 acres
Price per sqft
$230
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2017

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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 #72069765)

Price History

Date / Event Date Event Price
Feb 17, 2017 Sold
Premium
Sold
Sep 19, 2016 Listed by Coco, Early & Associates $459,900
Listed by Coco, Early & Associates
Aug 11, 2016 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • 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: 1,010
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 29,599
  • Total Building Area: 2,967
  • Gross Building Area: 4,798
  • Building Area: 2,967
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,967
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000679
  • 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: 252502

Zoning

  • Zoning: RC

Geography

  • Account Number: 8807
  • Parcel: METH M:00814 B:00081 L:00017A
  • Block: 81
  • Lot: 17A
  • Municipality: METHUEN
  • Latitude: 42.7326
  • Longitude: -71.1627

    Address

  • Full Address: 560 Prospect St
  • Address - House Number: 560
  • Address - Street Name: Prospect
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C016
  • 4-Digit Zip Code: 5154
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $777,500

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 780,293
  • High Value: 903,544
  • Low Value: 657,042

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $664,500
  • Assessed Land Value: $197,100
  • Assessed Improvements Value: $467,400

    Sales

  • Current Sale Contract Date: Feb 15, 2017
  • Current Sale Recording Date: Feb 17, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 115685
  • Previous Sale Recording Date: Aug 11, 2016
  • Previous Sale Contract Date: Jun 29, 2016
  • Previous Sale Amount: $145,000
  • 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72069765

Frequently Asked Questions

When was property at 560 Prospect Street built and last sold?
The property at 560 Prospect Street was built in 2017 and last sold on Feb 15, 2017 for $455,000.
How much is this home worth?
The estimated value of the home located at 560 Prospect Street is $473,208.
What are some comparable homes to 560 Prospect Street?
There are currently no comparable homes to 560 Prospect Street.
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