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Methuen Town 01844
1 Madison Street
Photo of 1 Madison Street
Sold on Nov 19, 2010

1

Map

$203,000
● House - Off Market

1 Madison Street

Methuen, MA 01844
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,042 Ft²
$441,605
RealtyHop Estimate
120.91%
Since Dec 1, 2010
National-US
Primary Model

About This Property

The smart seller said to price it right - JUST REDUCED $20K!   At $199,900, this is probably THE best deal in Methuen.  Much bigger than it looks, this home is move-in ready, with original woodwork, updated utilities, convenient location, and a flexible floor plan.  8 rooms, 2 full baths, & 3-5 generous-sized bedrooms.  Perfect for the extended family or someone wanting extra rooms for an office and/or den.  Call about a low 2.75% interest rate - cheaper than renting!
Unit Size
2,042 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$98
Property Type
House
Property Taxes
$235
HOA Dues
-
Year Built
1918

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 11 months ago (MLSPIN #71149828)

Price History

Date / Event Date Event Price
Nov 19, 2010 Sold
Premium
Sold
Oct 12, 2010 Listed by Century 21 McLennan & Company $199,900
Listed by Century 21 McLennan & Company

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1918
  • Effective Year Built: 1918
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,202
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,731
  • Total Building Area: 2,424
  • Gross Building Area: 3,746
  • Building Area: 2,424
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 2,424
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BELMONT PLAN 232
  • Land Acres: 0000000109
  • 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: 252101

Zoning

  • Zoning: RG

Geography

  • Account Number: 11597
  • Parcel: METH M:00618 B:00160 L:00080
  • Block: 160
  • Lot: 80
  • Municipality: METHUEN
  • Latitude: 42.7038
  • Longitude: -71.1935

    Address

  • Full Address: 1 Madison St
  • Address - House Number: 1
  • Address - Street Name: Madison
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C047
  • 4-Digit Zip Code: 4821
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $450,900

    Appraisal Valuation

  • Standard Deviation: 0.1767
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 499,057
  • High Value: 587,276
  • Low Value: 410,837

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $385,400
  • Assessed Land Value: $155,400
  • Assessed Improvements Value: $230,000

    Sales

  • Current Sale Recording Date: Nov 19, 2010
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 31581
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

2191 ft²

Average Home Age

55.3 years

Currently For Sale

76 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: 11 months ago
Data Source: MLS PIN, MLS# 71149828

Frequently Asked Questions

When was property at 1 Madison Street built and last sold?
The property at 1 Madison Street was built in 1918 and last sold on Jan 1, 1970 for $203,000.
How much is this home worth?
The estimated value of the home located at 1 Madison Street is $0.
What are some comparable homes to 1 Madison Street?
There are currently no comparable homes to 1 Madison Street.
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