Google street view image for 488 Prospect St, Methuen, MA 01844

Off market sep 2000 for $240K

$694,175

Est. refi paymentEst. refi $1,235/mo

•

2.5 ba

•

2,004

sq ft

488 Prospect St, Methuen, MA 01844

About this home

488 Prospect St is a 2,004 square foot house on a 0.31 acre lot with 3 bedrooms and 2.5 bathrooms. - it last sold on September 18, 2000 for $240,000. Based on Redfin's Methuen data, we estimate the home's value is $694,175.

Single-familyProperty Type

2000Year Built

0.31 acresLot Size

$346Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$694,175

$454K since sold in September 2000$5,000 since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 5.6% higher than the average sale price ($657K) of 6 comparable homes.

SOLD AUG 26, 2026
$635,000
A
3 beds2.5 baths1,781 sq ft
11 Hemlock Ave, Methuen, MA 01844
SOLD JUN 12, 2026
$670,000
B
3 beds2 baths1,997 sq ft
15 Erhardt Ter, Methuen, MA 01844
SOLD SEP 25, 2026
$700,000
C
3 beds2.5 baths3,662 sq ft
1 Alderbrook Ln, Methuen, MA 01844
SOLD JUN 4, 2026
$673,000
D
3 beds2.5 baths1,872 sq ft
96 Derry Rd, Methuen, MA 01844
SOLD FEB 24, 2026
$650,000
E
3 beds2 baths1,897 sq ft
2 Oak Knoll Rd, Methuen, MA 01844
SOLD JUL 16, 2026
$615,000
F
3 beds2 baths1,850 sq ft
2 Bailey St, Methuen, MA 01844

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Earn from this home

Sell

$619,772

Est. take-home

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Refinance

Est. cash available

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Rent

$3,545/mo

Redfin rental estimate

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Market trends in 01844, MA

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

101.2%

0.3% MoM

Median sale price

$580K

$12K MoM

Avg. days on market

22d

1 days MoM

Recently sold homes

150

1 MoM

New listings for sale

HOT HOME
$474,900
4 beds1 bath1,176 sq ft
41 Arnold St, Methuen, MA 01844
VIDEO TOUR
$549,900
2 beds1.5 baths1,374 sq ft
22 Houston Ave, Methuen, MA 01844
$349,000
2 beds1.5 baths1,027 sq ft
945 Riverside Dr Unit 4C, Methuen, MA 01844
$878,500
4 beds2.5 baths2,811 sq ft
7 Country Lake Rd, Methuen, MA 01844
COMING SOON
$860,000
4 beds2.5 baths2,955 sq ft
5 Abbey Rd, Methuen, MA 01844
HOT HOME
$379,900
2 beds1 bath737 sq ft
41 Linwood Ave, Methuen, MA 01844
$574,900
3 beds2 baths1,152 sq ft
27 Harvard Ave, Methuen, MA 01844
$499,000
3 beds1 bath1,306 sq ft
55 Elm St, Methuen, MA 01844
$380,000
2 beds1.5 baths1,158 sq ft
27 Bentley Cir #27, Methuen, MA 01844
$865,000
5 beds3 baths3,384 sq ft
96-98 Elm St, Methuen, MA 01844
See all

Provided by Redfin

Sale history for 488 Prospect St

Year

Property tax

Land + Additions

Assessment*

2023

$5,963 (+7.0%)

$176,900 + $332,800

$509,700

2022

$5,572 (+6.3%)

$140,000 + $287,000

$427,000

2021

$5,244 (+0.9%)

$132,600 + $265,000

$397,600

2020

$5,196 (+1.1%)

$132,600 + $254,000

$386,600

2019

$5,138 (+4.9%)

$125,300 + $236,800

$362,100

2018

$4,899 (+3.1%)

$117,900 + $225,400

$343,300

2017

$4,751 (+4.9%)

$117,900 + $206,400

$324,300

2016

$4,529 (+4.0%)

$103,200 + $202,600

$305,800

2015

$4,355 (+1.3%)

$103,200 + $195,100

$298,300

2014

$4,299 (+3.8%)

$94,300 + $195,200

$289,500

2013

$4,141 (+5.0%)

$94,300 + $193,300

$287,600

2012

$3,943 (+5.6%)

$109,100 + $193,300

$302,400

2011

$3,735 (−3.6%)

$97,300 + $197,000

$294,300

2010

$3,875 (+2.5%)

$117,900 + $208,800

$326,700

2009

$3,780

$125,300 + $224,400

$349,700

Tax history for 488 Prospect St

Year

Property tax

Land + Additions

Assessment*

2023

$5,963 (+7.0%)

$176,900 + $332,800

$509,700

2022

$5,572 (+6.3%)

$140,000 + $287,000

$427,000

2021

$5,244 (+0.9%)

$132,600 + $265,000

$397,600

2020

$5,196 (+1.1%)

$132,600 + $254,000

$386,600

2019

$5,138 (+4.9%)

$125,300 + $236,800

$362,100

2018

$4,899 (+3.1%)

$117,900 + $225,400

$343,300

2017

$4,751 (+4.9%)

$117,900 + $206,400

$324,300

2016

$4,529 (+4.0%)

$103,200 + $202,600

$305,800

2015

$4,355 (+1.3%)

$103,200 + $195,100

$298,300

2014

$4,299 (+3.8%)

$94,300 + $195,200

$289,500

2013

$4,141 (+5.0%)

$94,300 + $193,300

$287,600

2012

$3,943 (+5.6%)

$109,100 + $193,300

$302,400

2011

$3,735 (−3.6%)

$97,300 + $197,000

$294,300

2010

$3,875 (+2.5%)

$117,900 + $208,800

$326,700

2009

$3,780

$125,300 + $224,400

$349,700

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Property details

Interior

Basement Information
Basement Sq. Ft: 972

Bathroom Information
# of Full Baths: 2
# of 1/2 Baths: 1

Heating & Cooling
Heating Type: Forced Air

Fireplace Information
# of Fireplaces: 1
Has Fireplace

Room Information
# of Rooms: 7

Exterior

Exterior Information
Physical Condition: Average
Building Style Type: Colonial
Construction Type: Frame
Exterior Wall: Vinyl
Roof Shape Type: Hip

Property Information
Living Sq. Ft: 2,004
Gross Sq. Ft: 4,766
# of Units: 1
# of Stories: 2

Parking & Garage Information
Parking Type: Attached Garage
Garage / Carport Type: Attached

Lot Information
# of Buildings: 1
Land Sq. Ft: 13,504
Municipality Name: METHUEN
Acres: 0.31
Zoning Code: RC
State Use Description: 1-FAMILY RESIDENCE

Financial

Assessor Information
Assessment Year: 2023

Public facts

Beds: 3
Baths: 2.5
Sq. Ft.: 2,004
Stories: 2.0
Lot Size: 0.31 acres
Style: Single Family Residential
Year Built: 2000
Year Renovated: —
County: Essex County
APN: 3692527

Home facts updated by county records on Jul 19, 2023

Around this home

Schools

Donald P Timony Grammar

Public K-8 • Assigned • 0.8mi

4/10

Methuen High School

Public 9-12 • Assigned • 0.9mi

3/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

1/10 Fire Factor

Unlikely to be in a wildfire in next 30 years

5/10 Heat Factor

7 days above 98° expected this year, 16 days in 30 years

6/10 Wind Factor

27% chance of strong winds in next 30 years

2/10 Air Factor

2 unhealthy days expected this year, 2 days in 30 years

Provided by First Street

Historical weather

Methuen, MA • 01844

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.1 hours in June and 4.4 hours in December, placing it below the U.S. average for solar exposure.

9.1 hrs

4.4 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$660,000 – $799,000

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Nearby similar homes

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HOT HOME

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Home values near 488 Prospect St

Data from public records.

Address	Redfin Estimate
480 Prospect Street, Methuen, MA 3 Beds \| 1.5 Baths \| 2396 Sq. Ft.	$525,277
494 Prospect Street, Methuen, MA 2 Beds \| 1 Baths \| 1190 Sq. Ft.	$538,649

Address	Redfin Estimate
484 Prospect Street, Methuen, MA 4 Beds \| 2 Baths \| 3565 Sq. Ft.	$534,958
485 Prospect Street, Methuen, MA 3 Beds \| 1.5 Baths \| 2231 Sq. Ft.	$681,006

Address	Redfin Estimate
492 Prospect Street, Methuen, MA 3 Beds \| 2.5 Baths \| 1312 Sq. Ft.	$584,694
481 Prospect Street, Methuen, MA 4 Beds \| 2.5 Baths \| 4000 Sq. Ft.	$846,733

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