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Methuen Town 01844
61 Rolling Ridge Ln
$400,000
● House - Off Market

61 Rolling Ridge Ln

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,632 Ft²
$624,250
RealtyHop Estimate
56.45%
Since Mar 1, 2018
National-US
Primary Model

About This Property

Got the winter real estate blues? This is the home for you! A great find in today's limited inventory market. Too many pluses to list here. But let's start with the gorgeous hardwood floors, fireplace in the family room to keep you warm and cozy this winter. Two car garage will ensure that your cars are warm and snow free. When the snow melts you can entertain family and friends in your huge back yard or just lounge on your large deck. Well kept and loved in a very established, tree lined street. A great location with easy access to 213 and 495 to make your commute a lot shorter.
Unit Size
1,632 Ft²
Days on Market
-
Land Size
0.94 acres
Price per sqft
$244
Property Type
House
Property Taxes
$422
HOA Dues
-
Year Built
1983

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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: 5 months ago (MLSPIN #72268902)

Price History

Date / Event Date Event Price
Feb 28, 2018 Sold
Premium
Sold
Jan 7, 2018 Listed by Home Shop Properties, Inc. $399,000
Listed by Home Shop Properties, Inc.
Nov 5, 2012 Sold
Premium
Sold
Sep 4, 2012 Listed by Home Shop Properties, Inc. $250,000
Listed by Home Shop Properties, Inc.
Dec 22, 2009 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 816
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,942
  • Total Building Area: 1,632
  • Gross Building Area: 2,924
  • Building Area: 1,632
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,632
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROLLING RDG ESTATES
  • Land Acres: 0000000940
  • 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: 252603

Zoning

  • Zoning: RA

Geography

  • Account Number: 10351
  • Parcel: METH M:00808 B:00077 L:00069Q
  • Block: 77
  • Lot: 69Q
  • Municipality: METHUEN
  • Latitude: 42.7579
  • Longitude: -71.1636

    Address

  • Full Address: 61 Rolling Ridge Ln
  • Address - House Number: 61
  • Address - Street Name: Rolling Ridge
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Methuen
  • Carrier Code: R004
  • 4-Digit Zip Code: 2634
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $625,000

    Appraisal Valuation

  • Standard Deviation: 0.1556
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 673,788
  • High Value: 778,672
  • Low Value: 568,904

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $534,200
  • Assessed Land Value: $252,400
  • Assessed Improvements Value: $281,800

    Sales

  • Current Sale Recording Date: Feb 28, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 4506
  • Previous Sale Recording Date: Nov 05, 2012
  • Previous Sale Amount: $245,000
  • 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

2155 ft²

Average Home Age

55.5 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72268902

Frequently Asked Questions

When was property at 61 Rolling Ridge Lane built and last sold?
The property at 61 Rolling Ridge Lane was built in 1983 and last sold on Jan 1, 1970 for $400,000.
How much is this home worth?
The estimated value of the home located at 61 Rolling Ridge Lane is $404,162.
What are some comparable homes to 61 Rolling Ridge Lane?
There are currently no comparable homes to 61 Rolling Ridge Lane.
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