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Methuen Town 01844
7 Copley Drive
$735,000
● House - Off Market

7 Copley Drive

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,119 Ft²
$795,559
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

You will love living in this updated Tudor with the perfect floor plan for entertaining and family gatherings.  Located in the highly desirable Homestead Acres neighborhood close to major highways, shopping and entertainment. Major updates include energy efficient heating/cooling systems, roof, electrical, hardwood floors.  Cabinet packed kitchen with center island, granite counters and pantry.  Oversized living room with floor to ceiling Connecticut fieldstone fireplace and beautiful bow window.  Main bedroom with full bath/spa, walk in closet and sitting area overlooking lower level. This custom-built home, done with great attention to detail, has storage on every level, a walk-in attic and an  easily accessible unfinished basement.  Newly paved driveway and professionally landscaped yard complete this property.
Unit Size
3,119 Ft²
Days on Market
-
Land Size
0.41 acres
Price per sqft
$240
Property Type
House
Property Taxes
$647
HOA Dues
-
Year Built
1986

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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 #73048292)

Price History

Date / Event Date Event Price
Dec 19, 2022 Sold
Premium
Sold
Nov 22, 2022 In contract -
In contract
Oct 13, 2022 Listed by Century 21 Mclennan & Company $749,900
Listed by Century 21 Mclennan & Company
Sep 28, 2022 Temporarily off market -
Temporarily off market
Sep 7, 2022 Listed by Century 21 Mclennan & Company $799,900
Listed by Century 21 Mclennan & Company
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Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,761
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,916
  • Total Building Area: 3,119
  • Gross Building Area: 6,926
  • Building Area: 3,119
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,119
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000411
  • 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: RB

Geography

  • Account Number: 6529
  • Parcel: METH M:00708 B:00069 L:00010R
  • Block: 69
  • Lot: 10R
  • Municipality: METHUEN
  • Latitude: 42.7617
  • Longitude: -71.1818

    Address

  • Full Address: 7 Copley Dr
  • Address - House Number: 7
  • Address - Street Name: Copley
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Methuen
  • Carrier Code: R009
  • 4-Digit Zip Code: 1743
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $784,000
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 94
  • Final Value: 831,438
  • High Value: 897,877
  • Low Value: 764,999

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $670,100
  • Assessed Land Value: $194,800
  • Assessed Improvements Value: $475,300

    Sales

  • Current Sale Contract Date: Dec 19, 2022
  • Current Sale Recording Date: Dec 19, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 28706
  • Previous Sale Recording Date: Apr 18, 1997
  • Previous Sale Amount: $300,000
  • 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

$326

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2195 ft²

Average Home Age

55.4 years

Currently For Sale

69 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# 73048292

Frequently Asked Questions

When was property at 7 Copley Drive built and last sold?
The property at 7 Copley Drive was built in 1986 and last sold on Dec 19, 2022 for $735,000.
How much is this home worth?
The estimated value of the home located at 7 Copley Drive is $760,106.
What are some comparable homes to 7 Copley Drive?
There are currently no comparable homes to 7 Copley Drive.
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