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Methuen Town 01844
7 Melissa Circle
$431,270
● House - Off Market

7 Melissa Circle

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,256 Ft²
$745,218
RealtyHop Estimate
77.48%
Since Oct 1, 2015
National-US
Primary Model

About This Property

New construction home built by local, well known builder. Home is offering a master suite with private bath and walk in closet. Three additional bedrooms, living room, formal dining room and eat in kitchen. Two car garage on a lovely cul-de-sac minutes from routes 213, 93, 495 and 28.  Ask for floor plans and specs.
Unit Size
2,256 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$186
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2014

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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 #71790313)

Price History

Date / Event Date Event Price
Sep 11, 2015 Sold
Premium
Sold
Mar 23, 2015 Sold
Premium
Sold
Feb 4, 2015 Listed by Coco, Early & Associates $419,900
Listed by Coco, Early & Associates

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 1,316
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 2,646
  • Gross Building Area: 4,154
  • Building Area: 2,646
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,646
  • 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: 252603

Zoning

  • Zoning: RD

Geography

  • Account Number: 17048
  • Parcel: METH M:00610 B:00059 L:00007A
  • Block: 59
  • Lot: 7A
  • Municipality: METHUEN
  • Latitude: 42.738
  • Longitude: -71.1927

    Address

  • Full Address: 7 Melissa Cir
  • Address - House Number: 7
  • Address - Street Name: Melissa
  • Address - Suffix Type: Cir
  • State: MA
  • City Name: Methuen
  • Carrier Code: C029
  • 4-Digit Zip Code: 2098
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $718,500

    Appraisal Valuation

  • Standard Deviation: 0.1558
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 784,824
  • High Value: 907,157
  • Low Value: 662,492

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $614,100
  • Assessed Land Value: $161,000
  • Assessed Improvements Value: $453,100

    Sales

  • Current Sale Recording Date: Sep 11, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 23591
  • Previous Sale Recording Date: Mar 23, 2015
  • Previous Sale Amount: $148,000
  • Previous Sale Document Type: O
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

52

Average Home Size

2235 ft²

Average Home Age

55.5 years

Currently For Sale

73 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 14 Tiffany, Salem, 03079

$1,625 /mo

  • 1 Bed
  • 1 Bath
  • 777 ft²
14 Tiffany #2, Salem, 03079 Listing by Heather Colbert

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71790313

Frequently Asked Questions

When was property at 7 Melissa Circle built and last sold?
The property at 7 Melissa Circle was built in 2014 and last sold on Jan 1, 1970 for $431,270.
How much is this home worth?
The estimated value of the home located at 7 Melissa Circle is $416,922.
What are some comparable homes to 7 Melissa Circle?
There are currently no comparable homes to 7 Melissa Circle.
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