538 Prospect St
Methuen, MA 01844
3 bd 1 ba 1,230 sqft Built 1948 Lot 8,499 sqft single_family
Most recent sale
$385,000
Jan 12, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jan 12, 2022 | Sold | $385,000 | MLS #72924956 |
| Dec 8, 2021 | Listed | $345,000 | MLS #72924956 |
| Jun 29, 1998 | Sold | $112,000 | Public Record |
| May 13, 1994 | Sold | $105,500 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $186,400 | $195,900 | $382,300 | $4,045 |
| 2024 | $186,400 | $171,300 | $357,700 | $3,885 |
| 2023 | $154,800 | $150,700 | $305,500 | $3,574 |
| 2022 | $138,300 | $123,300 | $261,600 | $3,414 |
| 2021 | $126,100 | $116,500 | $242,600 | $3,200 |
| 2020 | $121,400 | $116,500 | $237,900 | $3,197 |
| 2019 | $105,100 | $109,600 | $214,700 | $3,047 |
| 2018 | $99,500 | $102,800 | $202,300 | $2,887 |
| 2017 | $89,200 | $102,800 | $192,000 | $2,813 |
| 2016 | $84,500 | $95,900 | $180,400 | $2,672 |
| 2015 | $81,700 | $94,600 | $176,300 | $2,574 |
| 2014 | $81,800 | $86,500 | $168,300 | $2,499 |
| 2006 | $100,400 | $105,500 | $205,900 | $1,911 |
| 2005 | $96,800 | $70,300 | $167,100 | $1,678 |
| 2004 | $84,700 | $59,500 | $144,200 | $1,691 |
| 2003 | $84,700 | $59,500 | $144,200 | $1,693 |
Property facts
Year built
1948
Property type
single_family
Stories
—
Beds
3
Baths
1
Living area
1,230 sqft
Lot size
8,499 sqft
ZIP code
01844
City
Methuen
Street
Prospect St
Coordinates
42.73039, -71.16184
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,567
Gross rental yield
11.12%
Implied cap rate
7.23%
Trend-extrapolated value
—
Frequently asked questions
When did 538 Prospect St last sell?
538 Prospect St most recently sold on Jan 12, 2022 for $385,000.
What is the current tax assessment for 538 Prospect St?
The most recent total assessment for 538 Prospect St (year 2025) is $382,300 with $4,045 in property tax.
How does 538 Prospect St's assessment compare to its last sale price?
The current assessment is 0.7% below the last sale price of $385,000.
When was 538 Prospect St built?
538 Prospect St was built in 1948.
How does 538 Prospect St compare to others on Prospect St?
We track 8 other properties on Prospect St. Browse the list under "Other properties on Prospect St" to compare beds, baths, and sale history.
What are the property facts for 538 Prospect St?
538 Prospect St is a 3 bed, 1 bath, 1,230 sqft, 8,499 sqft lot single_family.
Is 538 Prospect St a flip candidate?
No — 538 Prospect St does not appear in our flips dataset.
Is 538 Prospect St a tax-appeal candidate?
No — 538 Prospect St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
-2.8%
Implied 1-yr
-11.4%
2026 Q3
$426.7K
2026 Q4
$411.8K
ZIP 01844 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Prospect St