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Methuen Town 01844
8 Rick's Way
$492,000
● House - Off Market

8 Rick's Way

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,800 Ft²
$974,548
RealtyHop Estimate
94.95%
Since Nov 1, 2013
National-US
Primary Model

About This Property

Built with pride by a local builder with an impeccable reputation. Fantastic lot with over 32,000 sq. ft. Generous allowances, plenty of moldings and hardwood through-out. Large family room with gas fireplace. Beautiful master and 4 foot tile shower stall, maintenance free exterior and decking. Short walk to the Marsh School.
Unit Size
2,800 Ft²
Days on Market
-
Land Size
0.75 acres
Price per sqft
$179
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2013

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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 #71372678)

Price History

Date / Event Date Event Price
Oct 11, 2013 Sold
Premium
Sold
Apr 25, 2012 Listed by Coco, Early & Associates $499,900
Listed by Coco, Early & Associates

Property Highlights

Air Conditioning
Fireplace
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 2013
  • Effective Year Built: 2013
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,652
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 32,836
  • Total Building Area: 3,380
  • Gross Building Area: 5,636
  • Building Area: 3,380
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,380
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000754
  • 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: RB

Geography

  • Account Number: 18004
  • Parcel: METH M:00312 B:00126A L:00065D
  • Block: 126A
  • Lot: 65D
  • Municipality: METHUEN
  • Latitude: 42.7288
  • Longitude: -71.2301

    Address

  • Full Address: 8 Ricks Way
  • Address - House Number: 8
  • Address - Street Name: Ricks
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Methuen
  • Carrier Code: R012
  • 4-Digit Zip Code: 1589
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $865,700

    Appraisal Valuation

  • Standard Deviation: 0.1556
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 883,125
  • High Value: 1,020,595
  • Low Value: 745,655

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $739,900
  • Assessed Land Value: $213,500
  • Assessed Improvements Value: $526,400

    Sales

  • Current Sale Recording Date: Oct 11, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000002
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

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# 71372678

Frequently Asked Questions

When was property at 8 Ricks Way built and last sold?
The property at 8 Ricks Way was built in 2013 and last sold on Jan 1, 1970 for $492,000.
How much is this home worth?
The estimated value of the home located at 8 Ricks Way is $524,008.
What are some comparable homes to 8 Ricks Way?
There are currently no comparable homes to 8 Ricks Way.
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