518 Prospect St, Methuen MA 01844

Methuen, MA 01844
$490,000
Est. $2,608/month
4
Beds
1.5
Baths
1,789
Sq Ft
$274
Price/Sq Ft
0.17
Acres
1930
Year Built
Single Family Residence
Type
18
Days on Market
Closed Listed Sep 28, 2025 • MLS# 73192306

About this home

If you're seeking a place to call home in an incredibly desirable location, your search ends here! Welcome to this charming, well-maintained Cape, poised and ready for its next owner! As you step inside, indulge in the natural sunlight and admire the stunning hardwood floors that grace this inviting space. The first floor boasts a cozy family room, an updated full bathroom, and a newly renovated kitchen featuring beautiful stone countertops. The kitchen has easy access to the fenced in backyard where summer nights can be spent. The sunroom complements the first floor, welcoming abundant natural light through its expansive windows. Journey upstairs to discover two spacious bedrooms and a half bath. The opportunity awaits for you to explore all that this home has to offer! First showings begin at the open house on Saturday (1/13) from 12-2 pm and Sunday (1/14) from 10-12 pm.

Sale Statistics

Sale Overview
Original List Price: $457,000
Final Sale Price: $490,000
Difference: +$33,000 (+7.2%)
Performance Metrics
107.2%
List to Sale Ratio
Sold above asking price
18
Days on Market
Quick sale
Price per Square Foot Analysis
Original $/sq ft: $255
Sale $/sq ft: $274
This property sold for $274 per square foot
Sale Summary

This property sold for 7.2% above the original asking price, indicating strong buyer demand.

With only 18 days on market, this was a quick sale compared to typical market conditions.

Facts & Features

Property Overview

Property Type
Single Family Residence
Property Category
Residential
Year Built
1930
Bedrooms
4
Full Bathrooms
1
Half Bathrooms
1
Living Area
1,789 sq ft
Total Rooms
8

Interior Features

Flooring
Tile, Laminate, Hardwood
Heating
Steam
Has Heating
Yes
Cooling
Ductless
Has Cooling
Yes
Fireplace Features
Living Room
Has Fireplace
Yes
Number of Fireplaces
1
Appliances
Range, Dishwasher, Microwave, Refrigerator
Laundry Features
In Basement
Basement Details
Unfinished

Exterior & Structure

Construction Materials
Frame
Architectural Style
Cape
Roof
Shingle
Foundation
Stone
Has Spa
No
Waterfront Property
No

Lot & Land

Lot Size
0.17 acres
Lot Size
7,379 sq ft
Lot Size Area
0.1700
Lot Features
Corner Lot
Road Frontage Type
Public

Parking & Garage

Garage Spaces
1
Has Garage
Yes
Attached Garage
No
Has Carport
No
Total Non-Garage Parking Spaces
4
Parking Features
Detached, Paved Drive, Off Street
Covered Parking Spaces
1

Utilities & Systems

Water Source
Public
Sewer
Public Sewer
Electric
Circuit Breakers

Community & HOA

Community Features
Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Highway Access, House of Worship, Private School, Public School
HOA
No
Senior Community
No

Financial & Tax Information

Annual Tax Amount
$4,475
Tax Year
2023
Tax Assessed Value
$382,500
Parcel Number
2046057
Zoning
RC

Additional Details

Year Built Source
Public Records
Year Built Details
Actual
Attached Property
No
Disclosures
Property has 1 detached garage per public record. Seller uses it as storage space.
Exclusions
Please See Inclusion/Exclusion Disclosure Attached.

Location

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Neighborhood

518 Prospect St, Methuen MA 01844

Methuen, MA 01844

Walkability

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Schools

School information not available

Monthly Payment Calculator

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Estimated Monthly Payment $0

Payment Breakdown

Principal & Interest $0
Property Tax $373
Homeowners Insurance $200
PMI $0

Property History

Market Insights

6.7%
Price Range
20
Total Days on Market

Property Timeline

Sold
Mar 7, 2024
$490,000
Property sold
Days on Market: 20
🏠
Listed for Sale
Jan 10, 2024
$457,000
Original listing
Office: Stone Ridge Properties, Inc.

Price & Status History

Date Event Price Change
Jan 10, 2024 New Listing Added $457,000

Market Statistics

Days on Market
18 days
Price per Sq Ft
$274

Tax History

Year Taxes Assessment
2023 $4,475 $382,500

Financial Details

Annual Property Tax
$4,475
Tax Year 2023
Assessed Value
$382,500

Listing Information

Listing Agent Travis Bounsy
Listing Office Stone Ridge Properties, Inc.
Agent MLS ID CN234491
Office MLS ID C95006

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