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Methuen Town 01844
7 (Lot 9) Cooper Lane
$743,064
● House - Off Market

7 (Lot 9) Cooper Lane

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,516 Ft²
$941,464
RealtyHop Estimate
29.86%
Since Feb 1, 2021
National-US
Primary Model

About This Property

Methuens newest subdivision....Cooper Lane. Cul-de-sac road with treed lots in a very convenient location off route 97. Close to the highways for commuting and NH for tax free shopping! This large colonial features 9 rooms with 4 bedrooms, an office, a sunroom and large family room plus finished lower level. Hardwood flooring, granite kitchen and baths, large dining area, front to back master bedroom with a 3/4 bath including a walk-in tiled shower and double vanity. Many more features.
Unit Size
3,516 Ft²
Days on Market
-
Land Size
1.99 acres
Price per sqft
$206
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2020

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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 years ago (MLSPIN #72676968)

Price History

Date / Event Date Event Price
Jan 29, 2021 Sold
Premium
Sold
Jun 19, 2020 Listed by Leading Edge Real Estate $725,000
Listed by Leading Edge Real Estate

Property Highlights

Air Conditioning
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,672
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 86,684
  • Total Building Area: 3,501
  • Gross Building Area: 5,640
  • Building Area: 3,501
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,501
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001990
  • 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: 252602

Zoning

  • Zoning: RR

Geography

  • Account Number: 18608
  • Parcel: METH M:00802 B:00072 L:00028H
  • Block: 72
  • Lot: 28H
  • Municipality: METHUEN
  • Latitude: 42.7867
  • Longitude: -71.1762

    Address

  • Full Address: 7 Cooper Ln
  • Address - House Number: 7
  • Address - Street Name: Cooper
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Methuen
  • Carrier Code: R009
  • 4-Digit Zip Code: 1750
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $901,500

    Appraisal Valuation

  • Standard Deviation: 0.1547
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 941,349
  • High Value: 1,087,103
  • Low Value: 795,595

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $770,500
  • Assessed Land Value: $241,900
  • Assessed Improvements Value: $528,600

    Sales

  • Current Sale Contract Date: Jan 27, 2021
  • Current Sale Recording Date: Jan 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 3312
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

$326

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2221 ft²

Average Home Age

56.1 years

Currently For Sale

74 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

Unit for rent at 387 Main St., Salem, 03079

$2,400 /mo

  • 1 Bed
  • 1 Bath
  • 1,096 ft²
387 Main St. #3, Salem, 03079 Listing by Daniel Mendonca

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72676968

Frequently Asked Questions

When was property at 7 Cooper Lane built and last sold?
The property at 7 Cooper Lane was built in 2020 and last sold on Jan 27, 2021 for $725,000.
How much is this home worth?
The estimated value of the home located at 7 Cooper Lane is $0.
What are some comparable homes to 7 Cooper Lane?
There are currently no comparable homes to 7 Cooper Lane.
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