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Methuen Town 01844
78 Anderson Dr
$500,000
● House - Off Market

78 Anderson Dr

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,986 Ft²
$468,618
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Looking for a great opportunity? Look no more! This property has tons of potential. 3 bedroom split level with fireplaced family room in lower level with sliders out to a nice sized yard. Large eat in kitchen and living room with a picture window. Also a large heated sunroom off the kitchen. Good sized bedrooms with hardwood floors and a 2 car garage under with openers. A great property to invest some money into and make it home and build sweat equity. Don't pass this one by! Showings begin at open house on Sunday 5/7/23 from 1-3pm.
Unit Size
1,986 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$237
Property Type
House
Property Taxes
$414
HOA Dues
-
Year Built
1974

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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 #73106519)

Price History

Date / Event Date Event Price
Jul 14, 2023 Sold
Premium
Sold
May 10, 2023 In contract -
In contract
May 2, 2023 Listed by Berkshire Hathaway HomeServices Verani Realty $469,900
Listed by Berkshire Hathaway HomeServices Verani Realty
Feb 27, 2004 Sold
Premium
Sold
Oct 7, 2003 Listed by Berkshire Hathaway HomeServices Verani Realty $325,900
Listed by Berkshire Hathaway HomeServices Verani Realty

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1974
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • 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: 1,200
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 10,598
  • Total Building Area: 1,986
  • Gross Building Area: 4,386
  • Building Area: 1,986
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,986
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000243
  • 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: RC

Geography

  • Account Number: 2641
  • Parcel: METH M:01012 B:00108 L:00457A
  • Block: 108
  • Lot: 457A
  • Municipality: METHUEN
  • Latitude: 42.7417
  • Longitude: -71.1446

    Address

  • Full Address: 78 Anderson Dr
  • Address - House Number: 78
  • Address - Street Name: Anderson
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Methuen
  • Carrier Code: C048
  • 4-Digit Zip Code: 7410
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $496,200

    Appraisal Valuation

  • Standard Deviation: 0.1797
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 534,791
  • High Value: 630,911
  • Low Value: 438,671

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $424,100
  • Assessed Land Value: $176,500
  • Assessed Improvements Value: $247,600

    Sales

  • Current Sale Contract Date: Jul 14, 2023
  • Current Sale Recording Date: Jul 14, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 11201
  • Previous Sale Recording Date: Feb 27, 2004
  • Previous Sale Amount: $320,000
  • 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: 4 months ago
Data Source: MLS PIN, MLS# 73106519

Frequently Asked Questions

When was property at 78 Anderson Drive built and last sold?
The property at 78 Anderson Drive was built in 1974 and last sold on Jul 14, 2023 for $500,000.
How much is this home worth?
The estimated value of the home located at 78 Anderson Drive is $480,953.
What are some comparable homes to 78 Anderson Drive?
There are currently no comparable homes to 78 Anderson Drive.
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