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Methuen Town 01844
59 Wheeler Street
Photo of 59 Wheeler Street
Sold on Jun 30, 2025

40

Map

Photo of 59 Wheeler Street
Photo of 59 Wheeler Street
$615,000
● House - Off Market

59 Wheeler Street

Dracut, MA 01826
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,100 Ft²
$3,676
Est. Monthly
5.87%
Cap Rate

About This Property

Wonderful Colonial Garrison style home in a desirable section of Dracut.  Picture yourself living in this spacious 8 room home with 4 bedrooms, living room, large fully applianced kitchen, dining room, family room, 2 full bathrooms, laundry hookups and finished basement with a large 2-car attached garage.  This home sits on a corner lot with over 21,000 square feet of land with a storage shed large enough it could be used as an additional garage, and a patio for outside fun or relaxation.
Unit Size
2,100 Ft²
Days on Market
-
Land Size
0.48 acres
Price per sqft
$309
Property Type
House
Property Taxes
$484
HOA Dues
-
Year Built
1974

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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: 2 years ago (MLSPIN #73355019)

Price History

Date / Event Date Event Price
Jun 30, 2025 Sold
Premium
Sold
May 21, 2025 In contract -
In contract
May 15, 2025 Price Decreased $649,900
↓ $40K (5.8%)
Price Decreased
Apr 22, 2025 Price Decreased $690,000
↓ $49K (6.6%)
Price Decreased
Apr 3, 2025 Listed $739,000
Listed
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 1,056
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,090
  • Total Building Area: 2,100
  • Gross Building Area: 3,888
  • Building Area: 2,100
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 2,100
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000484
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Dracut School District
  • School Tax School District: DRACUT SD
  • Census Tract: 314302

Zoning

  • Zoning: R1

Geography

  • Account Number: 359123
  • District: 79
  • Parcel: DRAC M:22 L:63
  • Lot: 63
  • Municipality: DRACUT
  • Latitude: 42.6916
  • Longitude: -71.2439

    Address

  • Full Address: 59 Wheeler St
  • Address - House Number: 59
  • Address - Street Name: Wheeler
  • Address - Suffix Type: St
  • State: MA
  • City Name: Dracut
  • Carrier Code: R002
  • 4-Digit Zip Code: 4219
  • Zip Code: 01826

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $557,600

    Appraisal Valuation

  • Standard Deviation: 0.154
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 81
  • Final Value: 685,298
  • High Value: 790,870
  • Low Value: 579,727

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $533,600
  • Assessed Land Value: $197,700
  • Assessed Improvements Value: $335,900

    Sales

  • Current Sale Recording Date: Jul 29, 1983
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
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

2207 ft²

Average Home Age

53.9 years

Currently For Sale

77 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: 2 years ago
Data Source: MLS PIN, MLS# 73355019

Frequently Asked Questions

When was property at 59 Wheeler Street built and last sold?
The property at 59 Wheeler Street was built in 1974 and last sold on Jan 1, 1970 for $97,000.
How much is this home worth?
The estimated value of the home located at 59 Wheeler Street is $0.
What are some comparable homes to 59 Wheeler Street?
There are currently no comparable homes to 59 Wheeler Street.
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