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Methuen Town 01844
Lot 1 Cross St - 151
$485,000
● House - Off Market

Lot 1 Cross St - 151

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,435 Ft²
$844,318
RealtyHop Estimate
68.90%
Since Sep 1, 2016
National-US
Primary Model

About This Property

New Construction ~ 8 rooms, 4 bedrooms and 2 1/2 baths. 2 acres of land with 363 feet of frontage. Many features including plaster walls, 2x6 construction, master bath with walk-in shower and soaking tub. Granite counters and hardwood floors throughout first floor and stairway. Oak, kitchen cabinets with recessed lighting. Family room, cathedral ceiling, zero clearance fireplace and HDMI. Town water, sewer and propane gas. Very convenient location close to schools, shopping and highways. A total of 3 homes to be built.
Unit Size
2,435 Ft²
Days on Market
-
Land Size
2.00 acres
Price per sqft
$205
Property Type
House
Property Taxes
$833
HOA Dues
-
Year Built
2007

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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: 4 years ago (MLSPIN #71985361)

Price History

Date / Event Date Event Price
Aug 26, 2016 Sold
Premium
Sold
Apr 7, 2016 Listed by Berkshire Hathaway HomeServices Verani Realty Bradford $499,900
Listed by Berkshire Hathaway HomeServices Verani Realty Bradford
Mar 1, 2007 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 2
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,130
  • Total Building Area: 2,481
  • Gross Building Area: 2,847
  • Building Area: 2,481
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,481
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: O
  • Land Acres: 0000000531
  • Standard Land Use Code: 3007
  • County Land Use Code: 341

Neighborhood

  • School District Name: Methuen School District
  • School Tax School District: METHUEN SD
  • Census Tract: 252502

Zoning

  • Zoning: BH

Geography

  • Account Number: 5480
  • Parcel: METH M:00512 B:00124 L:00029
  • Block: 124
  • Lot: 29
  • Municipality: METHUEN
  • Latitude: 42.7293
  • Longitude: -71.2074

    Address

  • Full Address: 1 Cross St
  • Address - House Number: 1
  • Address - Street Name: Cross
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,805,800
  • Initial Tax Delinquent Year: 2023

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $792,700
  • Assessed Land Value: $353,000
  • Assessed Improvements Value: $439,700

    Sales

  • Current Sale Recording Date: Mar 01, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 104335
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

$325

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2218 ft²

Average Home Age

55.9 years

Currently For Sale

79 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

Unit for rent at 58 Brady, Salem, 03079

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,751 ft²
58 Brady, Salem, 03079 Listing by Nancy Bilodeau

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 71985361

Frequently Asked Questions

When was property at 1 Cross Street built and last sold?
The property at 1 Cross Street was built in 2007 and last sold on Jan 1, 1970 for $600,000.
How much is this home worth?
The estimated value of the home located at 1 Cross Street is $518,625.
What are some comparable homes to 1 Cross Street?
There are currently no comparable homes to 1 Cross Street.
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