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Methuen Town 01844
7 Magnolia Rd
$545,000
● House - Off Market

7 Magnolia Rd

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,302 Ft²
$3,209
Est. Monthly

About This Property

This special home is up for sale for the 1st time in nearly 60 years!  A much loved, and quite spacious, 3 bedroom ranch offering an oversized living room, hardwood floors in the bedrooms, modern heating and cooling (updated in 2016), a young roof, and a terrific back yard!  This meticulously maintained property is set in a quiet circular neighborhood, an easy walk to schools, and super convenient to shopping, dining, and highways.  This home is mint...just bring your personal decorative style, and make this one yours!
Unit Size
1,302 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$442
Property Type
House
Property Taxes
$386
HOA Dues
-
Year Built
1959

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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 months ago (MLSPIN #73306979)

Price History

Date / Event Date Event Price
Dec 30, 2024 Sold
Premium
Sold
Dec 4, 2024 In contract -
In contract
Oct 28, 2024 Listed by Century 21 McLennan & Company $574,900
Listed by Century 21 McLennan & Company

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • 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: 11
  • 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: 1,276
  • 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: 1,302
  • Gross Building Area: 2,710
  • Building Area: 1,302
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,302
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • 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: 252501

Zoning

  • Zoning: RD

Geography

  • Account Number: 10270
  • Parcel: METH M:00816 B:00096 L:00030N
  • Block: 96
  • Lot: 30N
  • Municipality: METHUEN
  • Latitude: 42.7253
  • Longitude: -71.1636

    Address

  • Full Address: 7 Magnolia Rd
  • Address - House Number: 7
  • Address - Street Name: Magnolia
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Methuen
  • Carrier Code: C045
  • 4-Digit Zip Code: 4920
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $437,600

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 471,361
  • High Value: 545,814
  • Low Value: 396,907

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $374,000
  • Assessed Land Value: $168,000
  • Assessed Improvements Value: $206,000
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

53

Average Home Size

2192 ft²

Average Home Age

58.5 years

Currently For Sale

75 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73306979

Frequently Asked Questions

When was property at 7 Magnolia Road built and last sold?
The property at 7 Magnolia Road was built in 1959 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 7 Magnolia Road is $573,672.
What are some comparable homes to 7 Magnolia Road?
There are currently no comparable homes to 7 Magnolia Road.
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