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Methuen Town 01844
1 Gill Ave
$340,000
● House - Off Market

1 Gill Ave

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,102 Ft²
$300,403
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

Attention first time home buyers, investors and those looking to make sweat equity! This is a great opportunity to get into Methuen!  This cape is set on a corner lot and features 4 beds/1 bath. It's conveniently located between 495 and Rt. 93 for easy commuting. A quick closing is possible. Bring your ideas and make this home yours! Showings are only at the open house this Sunday, March 19th from 1-3.
Unit Size
1,102 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$272
Property Type
House
Property Taxes
$337
HOA Dues
-
Year Built
1976

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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 #73087512)

Price History

Date / Event Date Event Price
Jun 6, 2023 Sold
Premium
Sold
Mar 23, 2023 In contract -
In contract
Mar 14, 2023 Listed by LAER Realty Partners $299,900
Listed by LAER Realty Partners

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 816
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 3,751
  • Total Building Area: 1,102
  • Gross Building Area: 2,532
  • Building Area: 1,102
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,102
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000086
  • 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: 252300

Zoning

  • Zoning: RG

Geography

  • Account Number: 3018
  • Parcel: METH M:00716 B:00144 L:00013
  • Block: 144
  • Lot: 13
  • Municipality: METHUEN
  • Latitude: 42.7203
  • Longitude: -71.1863

    Address

  • Full Address: 1 Gill Ave
  • Address - House Number: 1
  • Address - Street Name: Gill
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Methuen
  • Carrier Code: C028
  • 4-Digit Zip Code: 3523
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $404,000
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1852
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 412,800
  • High Value: 489,285
  • Low Value: 336,314

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $345,300
  • Assessed Land Value: $153,000
  • Assessed Improvements Value: $192,300

    Sales

  • Current Sale Contract Date: Jun 06, 2023
  • Current Sale Recording Date: Jun 06, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 8686
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

2155 ft²

Average Home Age

55.5 years

Currently For Sale

71 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73087512

Frequently Asked Questions

When was property at 1 Gill Avenue built and last sold?
The property at 1 Gill Avenue was built in 1976 and last sold on Jun 6, 2023 for $340,000.
How much is this home worth?
The estimated value of the home located at 1 Gill Avenue is $308,587.
What are some comparable homes to 1 Gill Avenue?
There are currently no comparable homes to 1 Gill Avenue.
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