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Methuen Town 01844
75 Cochrane Circle
$552,000
● House - Off Market

75 Cochrane Circle

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
2 Baths
square feet
3,227 Ft²
$574,572
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

*BOM due to buyers' financing falling through* You'll love this cape located in a much-loved neighborhood in Methuen! It's the small details that truly set this home apart and make it special- a private, wooded corner lot, fireplaced living room with hardwood floors, easy access from the garage into the kitchen area, first floor laundry, and convenient first floor main bedroom, to name a few. Upstairs, you'll find two large bedrooms with ample closets and a full bathroom. Need more space? Basement is fully finished with enough room for a variety of uses- playroom, home gym, office- bring your ideas! Outside features a level, fenced in yard with inground pool. Brand new heating system (2022) and newer roof (2018), and located minutes to schools and major routes. Don't miss the opportunity to make this home yours!
Unit Size
3,227 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$170
Property Type
House
Property Taxes
$461
HOA Dues
-
Year Built
1963

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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 months ago (MLSPIN #73048234)

Price History

Date / Event Date Event Price
Feb 6, 2023 Sold
Premium
Sold
Dec 21, 2022 In contract -
In contract
Dec 13, 2022 Relisted $549,900
Relisted
Dec 10, 2022 In contract -
In contract
Nov 16, 2022 Price Decreased $585,000
↓ $15K (2.5%)
Price Decreased
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 1,261
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 10,851
  • Total Building Area: 3,227
  • Gross Building Area: 4,552
  • Building Area: 3,227
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 3,227
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000249
  • 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: 5383
  • Parcel: METH M:00712 B:00059 L:00038B
  • Block: 59
  • Lot: 38B
  • Municipality: METHUEN
  • Latitude: 42.7336
  • Longitude: -71.182

    Address

  • Full Address: 75 Cochrane Cir
  • Address - House Number: 75
  • Address - Street Name: Cochrane
  • Address - Suffix Type: Cir
  • State: MA
  • City Name: Methuen
  • Carrier Code: C018
  • 4-Digit Zip Code: 3144
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $580,600

    Appraisal Valuation

  • Standard Deviation: 0.1712
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 649,134
  • High Value: 760,286
  • Low Value: 537,981

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $496,200
  • Assessed Land Value: $170,000
  • Assessed Improvements Value: $326,200

    Sales

  • Current Sale Contract Date: Feb 06, 2023
  • Current Sale Recording Date: Feb 06, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1783
  • Previous Sale Recording Date: Oct 30, 2015
  • Previous Sale Amount: $345,000
  • 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

2220 ft²

Average Home Age

53.5 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73048234

Frequently Asked Questions

When was property at 75 Cochrane Circle built and last sold?
The property at 75 Cochrane Circle was built in 1963 and last sold on Feb 6, 2023 for $552,000.
How much is this home worth?
The estimated value of the home located at 75 Cochrane Circle is $573,351.
What are some comparable homes to 75 Cochrane Circle?
There are currently no comparable homes to 75 Cochrane Circle.
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