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Methuen Town 01844
597 Lowell Street
$450,000
● House - Off Market

597 Lowell Street

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,358 Ft²
$2,624
Est. Monthly

About This Property

Well maintained Cape minutes to major highways. This home has old world charm with it's gleaming woodwork, built in cabinets and high ceilings. Vinyl replacement windows, newer furnace, roof and electrical. Hardwood flooring upstairs and hardwood under rugs downstairs. Three bedrooms upstairs with full bath. Flat cleared lot with almost an acre of land. Detached garage and large outbuilding . All appliances to stay. Wired for generator. Town water and Sewerage.
Unit Size
1,358 Ft²
Days on Market
-
Land Size
0.82 acres
Price per sqft
$331
Property Type
House
Property Taxes
$414
HOA Dues
-
Year Built
1925

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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: 6 months ago (MLSPIN #73165199)

Price History

Date / Event Date Event Price
Dec 7, 2023 Sold
Premium
Sold
Oct 5, 2023 In contract -
In contract
Sep 29, 2023 Listed by LAER Realty Partners $449,900
Listed by LAER Realty Partners

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • 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: 4
  • Exterior Walls Type: 12
  • 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: 812
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 35,859
  • Total Building Area: 1,358
  • Gross Building Area: 2,552
  • Building Area: 1,358
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,358
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000823
  • 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: 11777
  • Parcel: METH M:00318 B:00165A L:00026
  • Block: 165A
  • Lot: 26
  • Municipality: METHUEN
  • Latitude: 42.6971
  • Longitude: -71.2263

    Address

  • Full Address: 597 Lowell St
  • Address - House Number: 597
  • Address - Street Name: Lowell
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: R002
  • 4-Digit Zip Code: 2205
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $496,800

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 94
  • Final Value: 456,638
  • High Value: 493,127
  • Low Value: 420,149

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $424,600
  • Assessed Land Value: $210,900
  • Assessed Improvements Value: $213,700

    Sales

  • Current Sale Contract Date: Dec 07, 2023
  • Current Sale Recording Date: Dec 07, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20225

    Financing

  • First Mortgage Financing Type: ADJ
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

$327

Below Asking

0.01%

Average Days on Market

54

Average Home Size

2162 ft²

Average Home Age

54.9 years

Currently For Sale

71 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: 6 months ago
Data Source: MLS PIN, MLS# 73165199

Frequently Asked Questions

When was property at 597 Lowell Street built and last sold?
The property at 597 Lowell Street was built in 1925 and last sold on Dec 7, 2023 for $450,000.
How much is this home worth?
The estimated value of the home located at 597 Lowell Street is $454,267.
What are some comparable homes to 597 Lowell Street?
There are currently no comparable homes to 597 Lowell Street.
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