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Methuen Town 01844
7 Anderson Drive
$335,000
● House - Off Market

7 Anderson Drive

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,328 Ft²
$583,576
RealtyHop Estimate
72.91%
Since Nov 1, 2005
National-US
Primary Model

About This Property

Immaculate raised ranch in great family neighborhood. 6 rooms, 3 bedrooms with hardwood floors, a full bath with new tub and floor on the main level. Finished lower level offers a 20x12 family room,laundry room and 1/2 bath. Home also offers a brand new 16x12 wood patio,large level lot with a fenced in yard, security system, fresh paint and paper, a 1 car garage and an economical 2 zone heating system.
Unit Size
1,328 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$254
Property Type
House
Property Taxes
$217
HOA Dues
-
Year Built
1963

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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: 5 months ago (MLSPIN #70220773)

Price History

Date / Event Date Event Price
Oct 28, 2005 Sold
Premium
Sold
Jul 6, 2005 Listed by Century 21 McLennan & Company $337,500
Listed by Century 21 McLennan & Company
Mar 31, 2000 Sold
Premium
Sold
Nov 30, 1999 Listed by Century 21 McLennan & Company $169,900
Listed by Century 21 McLennan & Company

Property Highlights

Parking Available
Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • 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: 1,130
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 2,216
  • Gross Building Area: 2,691
  • Building Area: 2,216
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,216
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORWOOD AVE
  • Land Acres: 0000000230
  • 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: 252601

Zoning

  • Zoning: RC

Geography

  • Account Number: 152
  • Parcel: METH M:01012 B:00108 L:00006D
  • Block: 108
  • Lot: 6D
  • Municipality: METHUEN
  • Latitude: 42.7397
  • Longitude: -71.1451

    Address

  • Full Address: 7 Anderson Dr
  • Address - House Number: 7
  • Address - Street Name: Anderson
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Methuen
  • Carrier Code: C048
  • 4-Digit Zip Code: 7401
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $491,200

    Appraisal Valuation

  • Standard Deviation: 0.1757
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 571,690
  • High Value: 672,157
  • Low Value: 471,222

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $419,800
  • Assessed Land Value: $175,000
  • Assessed Improvements Value: $244,800

    Sales

  • Current Sale Recording Date: Oct 28, 2005
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 41546
  • Previous Sale Recording Date: Mar 31, 2000
  • Previous Sale Amount: $166,000
  • 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

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# 70220773

Frequently Asked Questions

When was property at 7 Anderson Drive built and last sold?
The property at 7 Anderson Drive was built in 1963 and last sold on Jan 1, 1970 for $335,000.
How much is this home worth?
The estimated value of the home located at 7 Anderson Drive is $338,990.
What are some comparable homes to 7 Anderson Drive?
There are currently no comparable homes to 7 Anderson Drive.
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