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Methuen Town 01844
98 Bridle Path Lane
$253,000
● House - Off Market

98 Bridle Path Lane

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,450 Ft²
$544,977
RealtyHop Estimate
94.70%
Since Oct 1, 2013
National-US
Primary Model

About This Property

Very pretty home with lovely level yard.  Benefit from the updates made by the seller over the past seven years. Young roof, thermal doors and replacement windows, vinyl siding, remodeled bathroom that has jet tub.  The furnace is 3 years old.  Finished lower level offers a couple more bedroom and full bath.  Garage is now a finished room unheated room but could easily be converted back.  Short Sale opportunity in one of Methuen's nicest neighborhoods!
Unit Size
1,450 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$193
Property Type
House
Property Taxes
$290
HOA Dues
-
Year Built
1984

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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: 5 months ago (MLSPIN #71532418)

Price History

Date / Event Date Event Price
Sep 12, 2013 Sold
Premium
Sold
May 28, 2013 Listed by RE/MAX Partners $279,900
Listed by RE/MAX Partners

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Total Rooms: 5
  • 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: 1,050
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,029
  • Total Building Area: 1,401
  • Gross Building Area: 2,276
  • Building Area: 1,401
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,401
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: OLDE PELHAM ESTATES
  • Land Acres: 0000000460
  • 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: 14597
  • Parcel: METH M:00312 B:00126A L:00144
  • Block: 126A
  • Lot: 144
  • Municipality: METHUEN
  • Latitude: 42.7354
  • Longitude: -71.2286

    Address

  • Full Address: 98 Bridle Path Ln
  • Address - House Number: 98
  • Address - Street Name: Bridle Path
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Methuen
  • Carrier Code: R012
  • 4-Digit Zip Code: 1575
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $533,100

    Appraisal Valuation

  • Standard Deviation: 0.1767
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 576,057
  • High Value: 677,888
  • Low Value: 474,226

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $455,600
  • Assessed Land Value: $200,100
  • Assessed Improvements Value: $255,500

    Sales

  • Current Sale Recording Date: Sep 12, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 26845
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

53

Average Home Size

2192 ft²

Average Home Age

54.9 years

Currently For Sale

77 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 14 Tiffany, Salem, 03079

$1,625 /mo

  • 1 Bed
  • 1 Bath
  • 777 ft²
14 Tiffany #2, Salem, 03079 Listing by Heather Colbert
Unit for rent at 11 Lancelot, Salem, 03079

$1,850 /mo

  • 2 Beds
  • 1 Bath
  • 676 ft²
11 Lancelot #7, Salem, 03079 Listing by Tina Lisa

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71532418

Frequently Asked Questions

When was property at 98 Bridle Path Lane built and last sold?
The property at 98 Bridle Path Lane was built in 1984 and last sold on Jan 1, 1970 for $253,000.
How much is this home worth?
The estimated value of the home located at 98 Bridle Path Lane is $290,821.
What are some comparable homes to 98 Bridle Path Lane?
There are currently no comparable homes to 98 Bridle Path Lane.
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