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Methuen Town 01844
74 Comet Rd
$450,000
● House - Off Market

74 Comet Rd

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,632 Ft²
$514,702
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model

About This Property

Come fall in love with this adorable starter home, well maintained, and in a great location in Methuen.  The first floor consists of the kitchen, dining room, living room with a cozy wood-burning fireplace, full bathroom, and office/den which accesses the screened porch.  On the second floor, you have a spacious master bedroom with double closets, a full bathroom with a shower stall, and two other good-sized bedrooms.  The lovely backyard has an above-ground pool and gardening space, perfect timing for Spring and Summer!  Showings begin at the open house Friday 03/19 5:30 - 6:30, Saturday 03/20 12 - 2, and Sunday 03/21 2:30 - 4 pm.  All offers are due on Monday by 2 pm.
Unit Size
1,632 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$270
Property Type
House
Property Taxes
$364
HOA Dues
-
Year Built
1978

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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 years ago (MLSPIN #72799991)

Price History

Date / Event Date Event Price
Jun 30, 2021 Sold
Premium
Sold
Mar 17, 2021 Listed by Realty One Group Nest $439,900
Listed by Realty One Group Nest
Nov 30, 1990 Sold
Premium
Sold
Feb 23, 1988 Sold
Premium
Sold

Property Highlights

Air Conditioning
Parking Available
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: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 816
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 10,049
  • Total Building Area: 1,632
  • Gross Building Area: 3,630
  • Building Area: 1,632
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,632
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COMET ROAD EXT
  • Land Acres: 0000000231
  • 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: 4475
  • Parcel: METH M:01012 B:00108 L:00248F
  • Block: 108
  • Lot: 248F
  • Municipality: METHUEN
  • Latitude: 42.7378
  • Longitude: -71.1404

    Address

  • Full Address: 74 Comet Rd
  • Address - House Number: 74
  • Address - Street Name: Comet
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Methuen
  • Carrier Code: C040
  • 4-Digit Zip Code: 5604
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $486,100

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 532,016
  • High Value: 628,731
  • Low Value: 435,302

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $415,500
  • Assessed Land Value: $168,100
  • Assessed Improvements Value: $247,400

    Sales

  • Current Sale Contract Date: Jun 29, 2021
  • Current Sale Recording Date: Jun 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 21810
  • Previous Sale Recording Date: Nov 30, 1990
  • Previous Sale Amount: $144,000
  • Previous Sale Document Type: 27
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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72799991

Frequently Asked Questions

When was property at 74 Comet Road built and last sold?
The property at 74 Comet Road was built in 1978 and last sold on Jun 29, 2021 for $450,000.
How much is this home worth?
The estimated value of the home located at 74 Comet Road is $0.
What are some comparable homes to 74 Comet Road?
There are currently no comparable homes to 74 Comet Road.
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