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Methuen Town 01844
72 Timber Lane
$407,900
● House - Off Market

72 Timber Lane

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,672 Ft²
$554,481
RealtyHop Estimate
38.65%
Since Aug 1, 2020
National-US
Primary Model

About This Property

Wow  4 bedroom colonial has been  loved by original owner and it shows. Situated close to shopping and highways is this 9+ room home on large corner lot.   You will enjoy this extra large  light and bright fireplaced living room perfect place to relax. Kitchen features updated appliances and island seating that opens to formal dining room. first floor also boasts sun room with sliders to deck and great flat yard.  2nd floor features 4 good sized bedrooms all with wood floors.  Finished lower level features wet bar and plenty of space to spread out take a look today.
Unit Size
2,672 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$150
Property Type
House
Property Taxes
$354
HOA Dues
-
Year Built
1969

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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 #72654366)

Price History

Date / Event Date Event Price
Jul 23, 2020 Sold
Premium
Sold
May 11, 2020 Listed by Keller Williams Realty $399,900
Listed by Keller Williams Realty

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1969
  • Effective Year Built: 1969
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 800
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,169
  • Total Building Area: 2,152
  • Gross Building Area: 3,124
  • Building Area: 2,152
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 2,152
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000256
  • 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: 252502

Zoning

  • Zoning: RC

Geography

  • Account Number: 7676
  • Parcel: METH M:00912 B:00080 L:00031L
  • Block: 80
  • Lot: 31L
  • Municipality: METHUEN
  • Latitude: 42.7368
  • Longitude: -71.1559

    Address

  • Full Address: 72 Timber Ln
  • Address - House Number: 72
  • Address - Street Name: Timber
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Methuen
  • Carrier Code: C016
  • 4-Digit Zip Code: 4644
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $487,800

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 552,002
  • High Value: 652,350
  • Low Value: 451,655

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $416,900
  • Assessed Land Value: $177,900
  • Assessed Improvements Value: $239,000

    Sales

  • Current Sale Contract Date: Jul 22, 2020
  • Current Sale Recording Date: Jul 23, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 18645
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

Rentals Near You

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72654366

Frequently Asked Questions

When was property at 72 Timber Lane built and last sold?
The property at 72 Timber Lane was built in 1969 and last sold on Jul 22, 2020 for $407,900.
How much is this home worth?
The estimated value of the home located at 72 Timber Lane is $427,669.
What are some comparable homes to 72 Timber Lane?
There are currently no comparable homes to 72 Timber Lane.
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