Lot 2 Washington Street, Methuen MA 01844

Methuen, MA 01844

$2,950,000

Est. $15,619/month

40.00

Acres

Residential

Type

45

Days on Market

Closed Listed Nov 7, 2025 • MLS# 73452469 Copied!

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About this home

Fully approved for 29 lot subdivision with public water, sewer and gas on 40 acres. All engineering, local and state approvals in hand. This is a shovel ready project for qualified developer/investor. Approximately 2,800ft of road and utility required. Seller intends to keep lot 1.

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Property Overview

Property Type

Residential

Listing Type

Land

Sale Statistics

Sale Overview

Original List Price: $3,080,000

Final Sale Price: $2,950,000

Difference: $130,000 (-4.2%)

Performance Metrics

95.8%

List to Sale Ratio

Sold below asking price

45

Days on Market

Average time

Sale Summary

This property sold for 4.2% below the original asking price.

The property spent 45 days on market before selling.

Facts & Features

Home Facts

Type Land

Style Residential

Lot Size 40.00 acres

Interior

Heating None

Cooling None

Flooring None

Appliances None

Fireplace None

Basement None

Laundry None

Features None

Exterior

Construction None

Architecture None

Roof None

Features None

Pool None

Spa None

Fencing None

Patio/Porch None

Parking

Features None

Utilities

Electric At Street, None

Water Public

Sewer At Street

Gas At Street

Other None

Financial

Annual Tax $6,022

Assessed Value $330,400

Interior Features

Flooring:

Appliances:

Interior Features:

Windows:

Basement:

Laundry:

Security:

Construction & Materials

Structure Type:

Exterior Materials:

Roof:

Foundation:

Heating, Cooling & Utilities

Heating:

Cooling:

Hot Water:

Water Source: Public

Sewer: At Street

Energy Features:

Exterior & Lot

Exterior Features:

Patio & Porch:

Fencing:

Other Structures:

Lot Features: Rolling Slope, Wooded, Farm

Road Surface:

Parking & Garage

Parking Features:

Location

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Neighborhood

Lot 2 Washington Street, Methuen MA 01844

Methuen, MA 01844

Walkability

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Nearby Schools

School District

Methuen School District local

C-

⚠ School Safety 2024-25

4.6% Above Average

4.4% Suspensions 1.5% In-School 0.2% Emergency

↓ 0.9% below state avg

E

Elementary Schools

8 schools

C+

Comprehensive Grammar School

1.3 mi | #220 of 352 | Score: 39.4

Improved 12 spots from last year

-18.8 below state avg

1,046 students Diverse

Diverse Student Body Strong Attendance

Grades K-08

C

Donald P Timony Grammar School

2.1 mi | #281 of 352 | Score: 33.3

Improved 32 spots from last year

-24.9 below state avg

1,172 students Diverse

Rising School Strong Attendance

Grades K-08

C

Tenney Grammar School

2.2 mi | #253 of 352 | Score: 36.0

Improved 11 spots from last year

-22.3 below state avg

1,246 students Moderate

Grades K-08

St. Monica Elementary School

2.7 mi

Grades K-08

The Islamic Academy

3.3 mi

Grades PK-08

Saint Ann's Home School

4.3 mi

Grades K-12

B

Marsh Grammar School

4.5 mi | #155 of 352 | Score: 44.1

Improved 17 spots from last year

-14.1 below state avg

996 students Diverse

Diverse Student Body Strong Attendance

Grades K-08

Early Childhood Center

4.6 mi

163 students Diverse

Grades PK-K

H

High Schools

3 schools

C+

Methuen High School

2.0 mi | #218 of 346 | Score: 49.9

Improved 35 spots from last year

-8.4 below state avg

1,841 students Diverse

18 sports • 1,820 athletes

High Graduation Rate Rising School Career Tech Programs Strong Athletics

Grades 09-12

Presentation of Mary Academy

2.5 mi

Grades 09-12

Notre Dame Cristo Rey High School

2.6 mi

17 sports • 423 athletes

Strong Athletics

Grades 09-11

Learn about these ratings

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Down Payment

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Down: $0

Interest Rate

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Loan Term 30 years 15 years

Monthly Payment Breakdown

Principal & Interest $0

Property Tax $502

Homeowners Insurance $200

PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0

Total principal paid $0

Total interest paid $0

Rate Impact

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Payment Over Time

Interest

Principal

Year 1

95% Interest

Year 15

50/50

Year 30

95% Principal

* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Market Insights

Property Timeline

⏳

Pending Sale

Dec 8, 2025

Offer accepted, sale pending

🏠

Listed for Sale

Nov 7, 2025

$3,080,000

Original listing

Agent: Justin Waitt Office: EPS Realty

🏠

Listed for Sale

Nov 7, 2025

$3,080,000

Original listing

Agent: Justin Waitt Office: EPS Realty

🏠

Listed for Sale

Nov 7, 2025

$3,080,000

Original listing

Detailed History Table ▼

Date	Event	Price	Change	$/sqft	Details
12/08/2025	⏳ Pending Sale	-	-	-	Offer accepted, sale pending
11/07/2025	🏠 Listed for Sale	$3,080,000	-	-	Original listing
11/07/2025	🏠 Listed for Sale	$3,080,000	-	-	Original listing
11/07/2025	🏠 Listed for Sale	$3,080,000	-	-	Original listing

Price & Status History

Date	Event	Price	Change
Nov 7, 2025	New Listing Added	$3,080,000	—
Nov 7, 2025	New Listing Added	$3,080,000	—
Nov 7, 2025	New Listing Added	$3,080,000	—

Market Statistics

Days on Market

45 days

Price per Sq Ft

$—

Tax History

Year	Taxes	Assessment
2024	$6,022	$330,400

Financial Details

Annual Property Tax

$6,022

Tax Year 2024

Assessed Value

$330,400

Listing Information

Listing Agent Justin Waitt

Listing Office EPS Realty

Agent MLS ID CN242624

Office MLS ID AN9426

Listing Data Updated Mar 9, 2026 10:57 AM EDT

Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.