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Methuen Town 01844
1 Melrose St
Photo of 1 Melrose St
Sold on Sep 7, 2005

1

Map

$465,000
● House - Off Market

1 Melrose St

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,240 Ft²
$851,453
RealtyHop Estimate
73.80%
Since Oct 1, 2005
National-US
Primary Model

About This Property

This beautiful 1990 brick-front, custom-built 3 bedroom home has central-air, central-vac, top of the line kitchen, 3.5 luxury baths (one with hot tub), 2 fireplaces, 2 car garage, underground sprinklers, walk-up attic, and a finished lower level with stone fireplace and separate entrance, perfect for extended family. Quality throughout with ceramic tile, hardwoods and carpeting. A swimming pool in the pretty back yard completes the picture for a wonderful home as well as a wise investment.
Unit Size
3,240 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$151
Property Type
House
Property Taxes
$255
HOA Dues
-
Year Built
1989

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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: 5 months ago (MLSPIN #70214578)

Price History

Date / Event Date Event Price
Sep 7, 2005 Sold
Premium
Sold
Jun 23, 2005 Listed $489,900
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1989
  • Effective Year Built: 1989
  • 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: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,120
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 11,870
  • Total Building Area: 2,240
  • Gross Building Area: 5,450
  • Building Area: 2,240
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,240
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000272
  • 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: 9992
  • Parcel: METH M:01111 B:00110A L:00114A
  • Block: 110A
  • Lot: 114A
  • Municipality: METHUEN
  • Latitude: 42.7413
  • Longitude: -71.1296

    Address

  • Full Address: 1 Melrose St
  • Address - House Number: 1
  • Address - Street Name: Melrose
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C044
  • 4-Digit Zip Code: 6517
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $585,500

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 629,095
  • High Value: 728,463
  • Low Value: 529,727

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $500,400
  • Assessed Land Value: $172,500
  • Assessed Improvements Value: $327,900

    Sales

  • Current Sale Recording Date: Apr 25, 2016
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 9164
  • Previous Sale Recording Date: Sep 07, 2005
  • Previous Sale Amount: $465,000
  • 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

2190 ft²

Average Home Age

54.1 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# 70214578

Frequently Asked Questions

When was property at 1 Melrose Street built and last sold?
The property at 1 Melrose Street was built in 1989 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 1 Melrose Street is $520,597.
What are some comparable homes to 1 Melrose Street?
There are currently no comparable homes to 1 Melrose Street.
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