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Methuen Town 01844
71 Sevoian Drive
$370,000
● House - Off Market

71 Sevoian Drive

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,575 Ft²
$623,768
RealtyHop Estimate
68.63%
Since Nov 1, 2016
National-US
Primary Model

About This Property

Well maintain Cape in Marsh School District West End! Come see this lovely home with recently updated granite kitchen with SS appliances. The first floor includes beautiful hardwood floors, fireplace living room, formal dining room, full bath and a family room which can be used for an additional bedroom if needed. Home has been freshly painted through-out. Nice oversize deck that overlooks a wooded lot. There are 3 bedrooms on 2nd floor with full bath.  Home offers a full basement for expansion possibility and 1 car garage under. There is nothing to do but move in!!!
Unit Size
1,575 Ft²
Days on Market
-
Land Size
0.57 acres
Price per sqft
$235
Property Type
House
Property Taxes
$372
HOA Dues
-
Year Built
1978

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72057986)

Price History

Date / Event Date Event Price
Sep 3, 2021 Sold
Premium
Sold
Jul 28, 2021 Listed by RE/MAX Partners $499,900
Listed by RE/MAX Partners
Oct 31, 2016 Sold
Premium
Sold
Aug 25, 2016 Listed by RE/MAX Partners $369,900
Listed by RE/MAX Partners
Oct 27, 2015 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1978
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 900
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 24,834
  • Total Building Area: 1,575
  • Gross Building Area: 3,012
  • Building Area: 1,575
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,575
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000570
  • 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: 252202

Zoning

  • Zoning: RB

Geography

  • Account Number: 12911
  • Parcel: METH M:00312 B:00126A L:0066CD
  • Block: 126A
  • Lot: 66CD
  • Municipality: METHUEN
  • Latitude: 42.7341
  • Longitude: -71.2254

    Address

  • Full Address: 71 Sevoian Dr
  • Address - House Number: 71
  • Address - Street Name: Sevoian
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Methuen
  • Carrier Code: R012
  • 4-Digit Zip Code: 1535
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $586,500

    Appraisal Valuation

  • Standard Deviation: 0.1761
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 603,578
  • High Value: 709,883
  • Low Value: 497,273

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $501,300
  • Assessed Land Value: $212,100
  • Assessed Improvements Value: $289,200

    Sales

  • Current Sale Contract Date: Sep 03, 2021
  • Current Sale Recording Date: Sep 03, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 29643
  • Previous Sale Recording Date: Oct 31, 2016
  • Previous Sale Amount: $370,000
  • 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

2191 ft²

Average Home Age

55.3 years

Currently For Sale

76 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 58 Brady, Salem, 03079

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,751 ft²
58 Brady, Salem, 03079 Listing by Nancy Bilodeau

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72057986

Frequently Asked Questions

When was property at 71 Sevoian Drive built and last sold?
The property at 71 Sevoian Drive was built in 1978 and last sold on Sep 3, 2021 for $530,000.
How much is this home worth?
The estimated value of the home located at 71 Sevoian Drive is $500,594.
What are some comparable homes to 71 Sevoian Drive?
There are currently no comparable homes to 71 Sevoian Drive.
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