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Methuen Town 01844
LOT 8 Clementi Lane
$159,900
● House - Off Market

LOT 8 Clementi Lane

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,628 Ft²
$594,710
RealtyHop Estimate
271.93%
Since Jan 1, 1997
National-US
Primary Model

About This Property

TO BE BUILT IS THIS COLONIAL WITH 1.5 BATHS.  IT HAS A BREATHTAKING VIEW OF THE MERRIMACK VALLEY.  THIS IS THE TIME TO CHOOSE ALL YOUR COLORS.
Unit Size
1,628 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$98
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1988

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 years ago (MLSPIN #30130967)

Price History

Date / Event Date Event Price
Jul 1, 2021 Sold
Premium
Sold
Jan 15, 2002 Sold
Premium
Sold
Oct 6, 2001 Listed $289,900
Listed
Dec 31, 1996 Sold
Premium
Sold
Oct 7, 1996 Listed $159,900
Listed

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • 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: 1,456
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 2,230
  • Gross Building Area: 3,138
  • Building Area: 2,230
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,230
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CLEMENTI
  • Land Acres: 0000000230
  • 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: 2315
  • Parcel: METH M:01210 B:00110G L:00043
  • Block: 110G
  • Lot: 43
  • Municipality: METHUEN
  • Latitude: 42.7402
  • Longitude: -71.1237

    Address

  • Full Address: 8 Clementi Ln
  • Address - House Number: 8
  • Address - Street Name: Clementi
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Methuen
  • Carrier Code: C044
  • 4-Digit Zip Code: 6479
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $544,600

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 588,830
  • High Value: 695,873
  • Low Value: 481,788

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $465,500
  • Assessed Land Value: $161,000
  • Assessed Improvements Value: $304,500

    Sales

  • Current Sale Contract Date: Jun 30, 2021
  • Current Sale Recording Date: Jul 01, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 22138
  • Previous Sale Recording Date: Jan 15, 2002
  • Previous Sale Amount: $281,500
  • 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

$327

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2193 ft²

Average Home Age

59.5 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30130967

Frequently Asked Questions

When was property at 8 Clementi Lane built and last sold?
The property at 8 Clementi Lane was built in 1988 and last sold on Jun 30, 2021 for $435,000.
How much is this home worth?
The estimated value of the home located at 8 Clementi Lane is $0.
What are some comparable homes to 8 Clementi Lane?
There are currently no comparable homes to 8 Clementi Lane.
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