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Methuen Town 01844
615 B Prospect St
$165,000
● Land - Off Market

615 B Prospect St

Methuen, MA 01844
bedrooms
Studio
bathrooms
0 Bath
$229,922
RealtyHop Estimate
31.38%
Since Jan 1, 2021
National-US
Primary Model

About This Property

This nearly half acre lot can be the location of your dream home.  Feel free to build your hearts desire on this lot in a very central location of Mtehuen.  Public water and sewer available at the street.  Easy access to 213, I495, I93, The Loop, Down Town Methuen and all area amenities.
Unit Size
-
Days on Market
-
Land Size
0.43 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
1900

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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 months ago (MLSPIN #72709326)

Price History

Date / Event Date Event Price
Dec 2, 2020 Sold
Premium
Sold
Aug 7, 2020 Listed by Coco, Early & Associates The Andovers $175,000
Listed by Coco, Early & Associates The Andovers
May 7, 2019 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 31
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,271
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,078
  • Total Building Area: 2,199
  • Gross Building Area: 6,360
  • Building Area: 2,199
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,199
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000369
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

  • School District Name: Methuen School District
  • School Tax School District: METHUEN SD
  • Census Tract: 252502

Zoning

  • Zoning: RC

Geography

  • Account Number: 10062
  • Parcel: METH M:00812 B:00080 L:00010
  • Block: 80
  • Lot: 10
  • Municipality: METHUEN
  • Latitude: 42.7363
  • Longitude: -71.1646

    Address

  • Full Address: 615 Prospect St
  • Address - House Number: 615
  • Address - Street Name: Prospect
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C016
  • 4-Digit Zip Code: 4058
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $709,000

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 94
  • Final Value: 243,336
  • High Value: 262,780
  • Low Value: 223,891

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $606,000
  • Assessed Land Value: $182,600
  • Assessed Improvements Value: $423,400

    Sales

  • Current Sale Contract Date: May 06, 2019
  • Current Sale Recording Date: May 07, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 9906
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

2191 ft²

Average Home Age

55.3 years

Currently For Sale

76 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: 4 months ago
Data Source: MLS PIN, MLS# 72709326

Frequently Asked Questions

When was property at 615B Prospect Street built and last sold?
The property at 615B Prospect Street was built in 1900 and last sold on May 6, 2019 for $455,500.
How much is this home worth?
The estimated value of the home located at 615B Prospect Street is $176,750.
What are some comparable homes to 615B Prospect Street?
There are currently no comparable homes to 615B Prospect Street.
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