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Methuen Town 01844
6 Magnolia Rd
$335,000
● House - Off Market

6 Magnolia Rd

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,388 Ft²
$476,511
RealtyHop Estimate
51.27%
Since Oct 1, 2018
National-US
Primary Model

About This Property

Beautifully renovated 6 Room 3 BR 1 BA 1955 Ranch sitting on almost a quarter acre of land with an attached garage. House has newer Stainless steel appliances, hardwood floors, updated bathroom with marble stone vanity, new windows, vinyl sidings and more. The Central AC is ready to keep you cool for the Summer. Located on a quiet street in close proximity to major Highways I93 and 495. Within walking distance to public schools. This house will go fast be sure to mark your calendars!
Unit Size
1,388 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$227
Property Type
House
Property Taxes
$303
HOA Dues
-
Year Built
1955

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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: 5 months ago (MLSPIN #72343542)

Price History

Date / Event Date Event Price
Sep 21, 2018 Sold
Premium
Sold
Jun 11, 2018 Listed by Cameron Real Estate Group - Salem $315,000
Listed by Cameron Real Estate Group - Salem
Nov 20, 2012 Sold
Premium
Sold
Oct 11, 2012 Listed by Cameron Real Estate Group - Salem $216,900
Listed by Cameron Real Estate Group - Salem

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • 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: 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: 1,388
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,202
  • Total Building Area: 1,388
  • Gross Building Area: 3,196
  • Building Area: 1,388
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,388
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000234
  • 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: RD

Geography

  • Account Number: 4586
  • Parcel: METH M:00816 B:00096 L:00030E
  • Block: 96
  • Lot: 30E
  • Municipality: METHUEN
  • Latitude: 42.7254
  • Longitude: -71.1632

    Address

  • Full Address: 6 Magnolia Rd
  • Address - House Number: 6
  • Address - Street Name: Magnolia
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Methuen
  • Carrier Code: C045
  • 4-Digit Zip Code: 4921
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $443,000

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 485,214
  • High Value: 573,420
  • Low Value: 397,007

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $378,600
  • Assessed Land Value: $168,500
  • Assessed Improvements Value: $210,100

    Sales

  • Current Sale Recording Date: Sep 21, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 23247
  • Previous Sale Recording Date: Nov 20, 2012
  • Previous Sale Amount: $212,000
  • 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

$327

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2193 ft²

Average Home Age

59.5 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72343542

Frequently Asked Questions

When was property at 6 Magnolia Road built and last sold?
The property at 6 Magnolia Road was built in 1955 and last sold on Jan 1, 1970 for $335,000.
How much is this home worth?
The estimated value of the home located at 6 Magnolia Road is $323,393.
What are some comparable homes to 6 Magnolia Road?
There are currently no comparable homes to 6 Magnolia Road.
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