For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Methuen Town 01844
587 Lowell Street
Photo of 587 Lowell Street

1

Map

$149,000
● House - Off Market

587 Lowell Street

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,650 Ft²
$951
Est. Monthly

About This Property

This West Methuen Ranch offers three bedrooms, a huge eat in kitchen with lot's of cabinets, wood floors, and a 3 season room.  The partially finished lower level offers plenty of extra space potential.  The level, fenced lot has a detached 2 car garage and sits on the corner of a nice side street for walking and other activities.  Seller has retained a loss mitigation specialist to negotiate the short sale.
Unit Size
1,650 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$90
Property Type
House
Property Taxes
$219
HOA Dues
-
Year Built
1967

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: 16 days ago (MLSPIN #71151522)

Price History

Date / Event Date Event Price
Mar 29, 2017 Sold
Premium
Sold
Jan 22, 2017 Listed by Century 21 McLennan & Company $240,000
Listed by Century 21 McLennan & Company
Feb 13, 2012 Sold
Premium
Sold
Nov 28, 2011 Listed by Century 21 McLennan & Company $145,000
Listed by Century 21 McLennan & Company
Oct 15, 2010 Listed by Century 21 McLennan & Company $149,000
Listed by Century 21 McLennan & Company
Show More

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 1967
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • 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: 1,100
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 1,650
  • Gross Building Area: 2,300
  • Building Area: 1,650
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,650
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GLEN ESSEX
  • Land Acres: 0000000230
  • 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: 252102

Zoning

  • Zoning: RB

Geography

  • Account Number: 10808
  • Parcel: METH M:00318 B:00165A L:00076
  • Block: 165A
  • Lot: 76
  • Municipality: METHUEN
  • Latitude: 42.698
  • Longitude: -71.2256

    Address

  • Full Address: 587 Lowell St
  • Address - House Number: 587
  • Address - Street Name: Lowell
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C030
  • 4-Digit Zip Code: 2258
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $421,300

    Appraisal Valuation

  • Standard Deviation: 0.1874
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 467,064
  • High Value: 554,622
  • Low Value: 379,507

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $360,100
  • Assessed Land Value: $154,000
  • Assessed Improvements Value: $206,100

    Sales

  • Current Sale Recording Date: Mar 29, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 7784
  • Previous Sale Recording Date: Feb 13, 2012
  • Previous Sale Amount: $150,000
  • 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

$326

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2150 ft²

Average Home Age

54.9 years

Currently For Sale

74 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: 16 days ago
Data Source: MLS PIN, MLS# 71151522

Frequently Asked Questions

When was property at 587 Lowell Street built and last sold?
The property at 587 Lowell Street was built in 1967 and last sold on Jan 1, 1970 for $225,000.
How much is this home worth?
The estimated value of the home located at 587 Lowell Street is $253,217.
What are some comparable homes to 587 Lowell Street?
There are currently no comparable homes to 587 Lowell Street.
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