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Methuen Town 01844
74 Ormonde Rd
Photo of 74 Ormonde Rd
Sold on Jun 15, 2009

1

Map

$367,000
● House - Off Market

74 Ormonde Rd

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,650 Ft²
$762,301
RealtyHop Estimate
106.08%
Since Jul 1, 2009
National-US
Primary Model

About This Property

One of a kind describes this exceptional value, new construction with unique split entry design.  Many outstanding features including hardwood floors, gas fireplaced living room, maple cabinets, granite counter-tops, large rear maintenance free deck, 2 car garage under, central A/C, and town water and sewer. There is a large, open, unfinished basement area ready for finishing. Home is situated at the end of a dead end street.
Unit Size
1,650 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$224
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2008

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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 #70844748)

Price History

Date / Event Date Event Price
Jun 16, 2009 Sold
Premium
Sold
Nov 8, 2008 Listed $369,900
Listed

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • 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: 41
  • 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: 1,390
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,413
  • Total Building Area: 1,776
  • Gross Building Area: 4,450
  • Building Area: 1,776
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,776
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN 15688
  • Land Acres: 0000000216
  • 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: RD

Geography

  • Account Number: 4277
  • Parcel: METH M:00412 B:00126B L:00137
  • Block: 126B
  • Lot: 137
  • Municipality: METHUEN
  • Latitude: 42.7343
  • Longitude: -71.2168

    Address

  • Full Address: 74 Ormonde Rd
  • Address - House Number: 74
  • Address - Street Name: Ormonde
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Methuen
  • Carrier Code: C037
  • 4-Digit Zip Code: 1621
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $623,000

    Appraisal Valuation

  • Standard Deviation: 0.171
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 674,094
  • High Value: 789,407
  • Low Value: 558,781

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $532,500
  • Assessed Land Value: $166,600
  • Assessed Improvements Value: $365,900

    Sales

  • Current Sale Recording Date: Jun 16, 2009
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 16944
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

2221 ft²

Average Home Age

56.1 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

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# 70844748

Frequently Asked Questions

When was property at 74 Ormonde Road built and last sold?
The property at 74 Ormonde Road was built in 2008 and last sold on Jan 1, 1970 for $367,000.
How much is this home worth?
The estimated value of the home located at 74 Ormonde Road is $383,039.
What are some comparable homes to 74 Ormonde Road?
There are currently no comparable homes to 74 Ormonde Road.
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