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Methuen Town 01844
74 Davis Rd
$525,000
● House - Off Market

74 Davis Rd

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,500 Ft²
$552,812
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

LOOKING FOR THAT RARE RANCH WITHOUT STAIRS? Totally renovated! Move in condition! Even the Drywall is new, New electrical, New Plumbing, New Siding, New gas FHW, New instant hot water heater, New flooring. Rare four Bedrooms with 3 bedrooms on one side of the home and the 4th on the other.  Perfect for large extended family or for in home offices. New White Kitchen with granite and New appliances: Refrigerator, GAS Stove, Dishwasher and Microwave. One totally new bath and the other totally renovated.  Next, must see the sunny living room- 2 walls of windows and a door to the backyard with new fence and new concrete patio.  Seller added yards of topsoil. Attached garage and extra paved driveway.  Tenny Grammar School is next store with all the ball fields and the High School is in walking distance.
Unit Size
1,500 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$350
Property Type
House
Property Taxes
$281
HOA Dues
-
Year Built
1945

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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 #72929835)

Price History

Date / Event Date Event Price
Feb 3, 2022 Sold
Premium
Sold
Dec 28, 2021 Listed by Century 21 North East $525,000
Listed by Century 21 North East
Jun 1, 2021 Sold
Premium
Sold
May 13, 2021 Listed by Century 21 North East $299,900
Listed by Century 21 North East

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,978
  • Total Building Area: 1,107
  • Gross Building Area: 1,685
  • Building Area: 1,107
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,107
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000206
  • 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: RD

Geography

  • Account Number: 4439
  • Parcel: METH M:00714 B:00041 L:00005V
  • Block: 41
  • Lot: 5V
  • Municipality: METHUEN
  • Latitude: 42.731
  • Longitude: -71.1755

    Address

  • Full Address: 74 Davis Rd
  • Address - House Number: 74
  • Address - Street Name: Davis
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Methuen
  • Carrier Code: C022
  • 4-Digit Zip Code: 3919
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $422,300

    Appraisal Valuation

  • Standard Deviation: 0.1874
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 434,305
  • High Value: 515,722
  • Low Value: 352,889

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $360,900
  • Assessed Land Value: $165,500
  • Assessed Improvements Value: $195,400

    Sales

  • Current Sale Contract Date: Feb 03, 2022
  • Current Sale Recording Date: Feb 03, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 2999
  • Previous Sale Recording Date: Jun 01, 2021
  • Previous Sale Contract Date: May 25, 2021
  • Previous Sale Amount: $310,000
  • 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

52

Average Home Size

2195 ft²

Average Home Age

55.4 years

Currently For Sale

69 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# 72929835

Frequently Asked Questions

When was property at 74 Davis Road built and last sold?
The property at 74 Davis Road was built in 1945 and last sold on Feb 3, 2022 for $525,000.
How much is this home worth?
The estimated value of the home located at 74 Davis Road is $526,564.
What are some comparable homes to 74 Davis Road?
There are currently no comparable homes to 74 Davis Road.
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