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Methuen Town 01844
8 Shearson Drive
$186,000
● House - Off Market

8 Shearson Drive

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
1,900 Ft²
$676,635
RealtyHop Estimate
263.78%
Since Jun 1, 1997
National-US
Primary Model

About This Property

SHEARSON ESTATES - QUALITY BUILT COLONIAL IN NEW SUBDIVISION 26X36 COLONIAL WITH THREE BEDROOMS, WALK UP ATTIC OR FOURTH BEDROOM OPTION.  TWO CAR GARAGE UNDER.  TO BE BUIILT.
Unit Size
1,900 Ft²
Days on Market
-
Land Size
0.92 acres
Price per sqft
$98
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1997

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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 years ago (MLSPIN #30118908)

Price History

Date / Event Date Event Price
Jul 30, 2021 Sold
Premium
Sold
Jun 2, 2021 Listed by Century 21 McLennan & Company $570,000
Listed by Century 21 McLennan & Company
May 15, 1997 Sold
Premium
Sold
Jul 23, 1996 Listed by Century 21 McLennan & Company $186,000
Listed by Century 21 McLennan & Company

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • 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: 5
  • Exterior Walls Type: 19
  • 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: 936
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 40,367
  • Total Building Area: 1,872
  • Gross Building Area: 3,840
  • Building Area: 1,872
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,872
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SHEARSON ESTATES
  • Land Acres: 0000000927
  • 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: 252603

Zoning

  • Zoning: RA

Geography

  • Account Number: 6846
  • Parcel: METH M:00808 B:00075 L:00020V
  • Block: 75
  • Lot: 20V
  • Municipality: METHUEN
  • Latitude: 42.7648
  • Longitude: -71.1682

    Address

  • Full Address: 8 Shearson Dr
  • Address - House Number: 8
  • Address - Street Name: Shearson
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Methuen
  • Carrier Code: R004
  • 4-Digit Zip Code: 2645
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $668,200

    Appraisal Valuation

  • Standard Deviation: 0.1558
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 725,823
  • High Value: 838,959
  • Low Value: 612,687

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $571,100
  • Assessed Land Value: $230,800
  • Assessed Improvements Value: $340,300

    Sales

  • Current Sale Contract Date: Jul 30, 2021
  • Current Sale Recording Date: Jul 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 25591
  • Previous Sale Recording Date: May 15, 1997
  • Previous Sale Amount: $186,000
  • 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 years ago
Data Source: MLS PIN, MLS# 30118908

Frequently Asked Questions

When was property at 8 Shearson Drive built and last sold?
The property at 8 Shearson Drive was built in 1997 and last sold on Jul 30, 2021 for $630,000.
How much is this home worth?
The estimated value of the home located at 8 Shearson Drive is $0.
What are some comparable homes to 8 Shearson Drive?
There are currently no comparable homes to 8 Shearson Drive.
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