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Methuen Town 01844
6 Rachel Road
$115,000
● House - Off Market

6 Rachel Road

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,008 Ft²
$470,966
RealtyHop Estimate
280.12%
Since Oct 1, 1995
National-US
Primary Model

About This Property

RE/MAX PRESENTS...7 ROOM, 3 BR RANCH IN ESTABLISHED NEIGH- BORHOOD.  NEW WINDOWS, CENTRAL AIR, NEW FLOORS, VINYL SDNG. & GAR. FINISHED LL. W/2 RMS & BATH. SUMMER FUN 20X40 IG. POOL COVERED. PATIO & FENCED YARD.
Unit Size
1,008 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$123
Property Type
House
Property Taxes
$158
HOA Dues
-
Year Built
1971

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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: 4 years ago (MLSPIN #30048256)

Price History

Date / Event Date Event Price
Aug 1, 2003 Sold
Premium
Sold
Apr 29, 2003 Listed by RE/MAX Preferred, Inc. $276,900
Listed by RE/MAX Preferred, Inc.
Sep 5, 1995 Sold
Premium
Sold
May 22, 1995 Listed by RE/MAX Preferred, Inc. $123,900
Listed by RE/MAX Preferred, Inc.

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 1971
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 1,008
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 17,511
  • Total Building Area: 1,764
  • Gross Building Area: 4,234
  • Building Area: 1,764
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 2
  • Heated Square Feet: 1,764
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000402
  • 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: 252300

Zoning

  • Zoning: RD

Geography

  • Account Number: 6241
  • Parcel: METH M:00614 B:00150 L:00010B
  • Block: 150
  • Lot: 10B
  • Municipality: METHUEN
  • Latitude: 42.7184
  • Longitude: -71.1924

    Address

  • Full Address: 6 Rachel Rd
  • Address - House Number: 6
  • Address - Street Name: Rachel
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Methuen
  • Carrier Code: C036
  • 4-Digit Zip Code: 3519
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $468,600

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 525,567
  • High Value: 621,109
  • Low Value: 430,025

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $400,500
  • Assessed Land Value: $167,400
  • Assessed Improvements Value: $233,100

    Sales

  • Current Sale Recording Date: Aug 01, 2003
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 47549
  • Previous Sale Recording Date: Sep 05, 1995
  • Previous Sale Amount: $115,000
  • 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

$325

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2235 ft²

Average Home Age

55.5 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# 30048256

Frequently Asked Questions

When was property at 6 Rachel Road built and last sold?
The property at 6 Rachel Road was built in 1971 and last sold on Jan 1, 1970 for $274,000.
How much is this home worth?
The estimated value of the home located at 6 Rachel Road is $279,136.
What are some comparable homes to 6 Rachel Road?
There are currently no comparable homes to 6 Rachel Road.
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