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Methuen Town 01844
1 Armstrong Avenue
$329,900
● House - Off Market

1 Armstrong Avenue

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,402 Ft²
$462,542
RealtyHop Estimate
40.21%
Since Jul 1, 2020
National-US
Primary Model

About This Property

BOM DUE TO BUYER LOST JOB! Wonderful ranch on corner lot in quiet neighborhood with a garage. Hardwood floors throughout bedrooms and hallway. Large, open concept, eat-in kitchen/ dining combination. Large living room with expansive windows for natural light. Great yard with patio and fire pit. Plenty of storage throughout. Tons of extra space in the basement. BRING YOUR IMAGINATION!
Unit Size
1,402 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$235
Property Type
House
Property Taxes
$330
HOA Dues
-
Year Built
1959

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #72628982)

Price History

Date / Event Date Event Price
Jun 29, 2020 Sold
Premium
Sold
Mar 5, 2020 Listed by Connie Doto Realty Group $329,900
Listed by Connie Doto Realty Group
Apr 8, 2011 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 1,290
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 13,978
  • Total Building Area: 2,563
  • Gross Building Area: 2,984
  • Building Area: 2,563
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,563
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000321
  • 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: 252601

Zoning

  • Zoning: RD

Geography

  • Account Number: 4854
  • Parcel: METH M:01113 B:00110C L:00024
  • Block: 110C
  • Lot: 24
  • Municipality: METHUEN
  • Latitude: 42.732
  • Longitude: -71.1277

    Address

  • Full Address: 1 Armstrong Ave
  • Address - House Number: 1
  • Address - Street Name: Armstrong
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Methuen
  • Carrier Code: C044
  • 4-Digit Zip Code: 6301
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $494,700

    Appraisal Valuation

  • Standard Deviation: 0.1874
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 563,444
  • High Value: 669,070
  • Low Value: 457,819

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $422,800
  • Assessed Land Value: $177,600
  • Assessed Improvements Value: $245,200

    Sales

  • Current Sale Contract Date: Jun 10, 2020
  • Current Sale Recording Date: Jun 29, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 15938
  • Previous Sale Recording Date: Apr 08, 2011
  • Previous Sale Amount: $2,798
  • Previous Sale Document Type: 27
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

$327

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2157 ft²

Average Home Age

55.2 years

Currently For Sale

74 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

Rentals Near You

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72628982

Frequently Asked Questions

When was property at 1 Armstrong Avenue built and last sold?
The property at 1 Armstrong Avenue was built in 1959 and last sold on Jun 10, 2020 for $329,900.
How much is this home worth?
The estimated value of the home located at 1 Armstrong Avenue is $339,884.
What are some comparable homes to 1 Armstrong Avenue?
There are currently no comparable homes to 1 Armstrong Avenue.
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