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Methuen Town 01844
6 Overlook Drive
$85,000
● Land - Off Market

6 Overlook Drive

Methuen, MA 01844
bedrooms
Studio
bathrooms
0 Bath
$371,421
RealtyHop Estimate
271.79%
Since Nov 1, 1996
National-US
Primary Model

About This Property

SCENIC VIEW OVERLOOKING MERRIMACK RIVER.  SINGLE LOT IN A NEW SUBDIVISION.  GREAT LOCATION TO BUILD A HOME.
Unit Size
-
Days on Market
-
Land Size
0.57 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1997

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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: 4 years ago (MLSPIN #30113498)

Price History

Date / Event Date Event Price
Apr 18, 1997 Sold
Premium
Sold
Oct 15, 1996 Sold
Premium
Sold
Oct 4, 1996 Listed $219,900
Listed
WEST METHUEN, GREAT LOCATION, LAST OF NEW CONSTRUCTION. BEAUTIFUL VIEWS, SPACIOUS PLAN, GREAT OPPORTUNITY.
Jun 22, 1996 Listed by Century 21 McLennan & Company $99,900
Listed by Century 21 McLennan & Company

Property Highlights

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • 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: 1,362
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 24,999
  • Total Building Area: 2,620
  • Gross Building Area: 4,890
  • Building Area: 2,620
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,620
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000574
  • 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: 12041
  • Parcel: METH M:00416 B:00154 L:00010L
  • Block: 154
  • Lot: 10L
  • Municipality: METHUEN
  • Latitude: 42.7104
  • Longitude: -71.2182

    Address

  • Full Address: 6 Overlook Dr
  • Address - House Number: 6
  • Address - Street Name: Overlook
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Methuen
  • Carrier Code: R012
  • 4-Digit Zip Code: 2372
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $694,900

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 712,897
  • High Value: 825,502
  • Low Value: 600,291

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $593,900
  • Assessed Land Value: $195,500
  • Assessed Improvements Value: $398,400

    Sales

  • Current Sale Recording Date: Apr 18, 1997
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: Oct 15, 1996
  • Previous Sale Amount: $85,000
  • Previous 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

$327

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2157 ft²

Average Home Age

54.7 years

Currently For Sale

73 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 years ago
Data Source: MLS PIN, MLS# 30113498

Frequently Asked Questions

When was property at 6 Overlook Drive built and last sold?
The property at 6 Overlook Drive was built in 1997 and last sold on Jan 1, 1970 for $219,900.
How much is this home worth?
The estimated value of the home located at 6 Overlook Drive is $251,354.
What are some comparable homes to 6 Overlook Drive?
There are currently no comparable homes to 6 Overlook Drive.
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