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Methuen Town 01844
650 Prospect
$310,000
● House - Off Market

650 Prospect

Methuen, MA 01844
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,228 Ft²
$502,156
RealtyHop Estimate
59.47%
Since Sep 1, 2017
National-US
Primary Model

About This Property

Spacious and comfortable all in one level living!  Open floor plan featuring newer white kitchen cabinets with kitchen island.  At the back of the house is an 18x20 CATHEDRAL CEILING FAMILY ROOM with recessed lighting,and hardwood flooring.  Move in condition and ready for you to entertain for family gatherings in the dining room, party time in the family room, or a quiet cup of coffee on the deck.  Home is minutes away from driving to the Loop.  House is on a dead end street but close to shopping and easy access to highways.  attic storage,
Unit Size
1,228 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$256
Property Type
House
Property Taxes
$262
HOA Dues
-
Year Built
1950

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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 #72192795)

Price History

Date / Event Date Event Price
Aug 31, 2017 Sold
Premium
Sold
Jul 5, 2017 Listed by AA Premier Properties, LLC $314,900
Listed by AA Premier Properties, LLC
Sep 27, 2010 Sold
Premium
Sold
Apr 23, 2010 Listed by AA Premier Properties, LLC $215,000
Listed by AA Premier Properties, LLC

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 1,084
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,734
  • Total Building Area: 1,228
  • Gross Building Area: 2,664
  • Building Area: 1,228
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,228
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000155
  • 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: 252502

Zoning

  • Zoning: RC

Geography

  • Account Number: 8033
  • Parcel: METH M:00812 B:00081 L:00038
  • Block: 81
  • Lot: 38
  • Municipality: METHUEN
  • Latitude: 42.7404
  • Longitude: -71.1674

    Address

  • Full Address: 650 Prospect St
  • Address - House Number: 650
  • Address - Street Name: Prospect
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C016
  • 4-Digit Zip Code: 4036
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $410,700

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 458,884
  • High Value: 531,367
  • Low Value: 386,401

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $351,000
  • Assessed Land Value: $160,200
  • Assessed Improvements Value: $190,800

    Sales

  • Current Sale Recording Date: Aug 31, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 22500
  • Previous Sale Recording Date: Sep 27, 2010
  • Previous Sale Amount: $212,000
  • Previous Sale Document Type: 27

    Financing

  • First Mortgage Financing Type: UNK
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

53

Average Home Size

2218 ft²

Average Home Age

55.9 years

Currently For Sale

79 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# 72192795

Frequently Asked Questions

When was property at 650 Prospect Street built and last sold?
The property at 650 Prospect Street was built in 1950 and last sold on Jan 1, 1970 for $310,000.
How much is this home worth?
The estimated value of the home located at 650 Prospect Street is $320,881.
What are some comparable homes to 650 Prospect Street?
There are currently no comparable homes to 650 Prospect Street.
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