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Methuen Town 01844
70 Chippy Lane
$355,000
● House - Off Market

70 Chippy Lane

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,008 Ft²
$610,918
RealtyHop Estimate
69.75%
Since Jul 1, 2016
National-US
Primary Model

About This Property

Are you searching for a home on pristine corner lot in great neighborhood that has been maintained and upgraded by original owners since 1983? Your search is over. Newer kitchen with upgraded cabinets, granite counters, fully applianced SS appliances open to dining and living room.  Large sunroom with vaulted ceiling leads to a new maintenance free deck overlooking in-ground pool and large patio area ready for your summer enjoyment. Lower level spacious family room with gas fireplace, bathroom, pantry area, and laundry with direct access to garage and backyard pool area. Recent updates include high efficiency heating system, central air, roof, irrigation.
Unit Size
2,008 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$179
Property Type
House
Property Taxes
$372
HOA Dues
-
Year Built
1983

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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 #71976579)

Price History

Date / Event Date Event Price
Jun 29, 2020 Sold
Premium
Sold
May 20, 2020 Listed by Century 21 Mclennan & Company $459,900
Listed by Century 21 Mclennan & Company
Jun 23, 2016 Sold
Premium
Sold
Mar 23, 2016 Listed by Century 21 Mclennan & Company $359,900
Listed by Century 21 Mclennan & Company

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1983
  • Effective Year Built: 1983
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 1,092
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 11,792
  • Total Building Area: 2,002
  • Gross Building Area: 3,012
  • Building Area: 2,002
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,002
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DEFINITIVE PLAN
  • Land Acres: 0000000271
  • 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: RD

Geography

  • Account Number: 13449
  • Parcel: METH M:01012 B:00108 L:00001Z
  • Block: 108
  • Lot: 1Z
  • Municipality: METHUEN
  • Latitude: 42.7424
  • Longitude: -71.1463

    Address

  • Full Address: 70 Chippy Ln
  • Address - House Number: 70
  • Address - Street Name: Chippy
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Methuen
  • Carrier Code: R001
  • 4-Digit Zip Code: 7428
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $560,500

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 603,061
  • High Value: 712,691
  • Low Value: 493,432

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $479,100
  • Assessed Land Value: $179,500
  • Assessed Improvements Value: $299,600

    Sales

  • Current Sale Contract Date: Jun 25, 2020
  • Current Sale Recording Date: Jun 29, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 15930
  • Previous Sale Recording Date: Jun 23, 2016
  • Previous Sale Amount: $355,000
  • 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

$326

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2218 ft²

Average Home Age

56.4 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71976579

Frequently Asked Questions

When was property at 70 Chippy Lane built and last sold?
The property at 70 Chippy Lane was built in 1983 and last sold on Jun 25, 2020 for $476,500.
How much is this home worth?
The estimated value of the home located at 70 Chippy Lane is $462,945.
What are some comparable homes to 70 Chippy Lane?
There are currently no comparable homes to 70 Chippy Lane.
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