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Methuen Town 01844
10 Gervais Way
$302,000
● House - Off Market

10 Gervais Way

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,470 Ft²
$523,372
RealtyHop Estimate
77.41%
Since Dec 1, 2015
National-US
Primary Model

About This Property

BACK ON MARKET!! BANK APPROVED SHORT SALE!  Lovely hip roof colonial on desirable Gervais Way in Methuen! This home features an open concept kitchen and stainless steel appliances with plenty of room for dining! Brand new carpets in living room and bedrooms! Updated bathrooms on first and second floor. The fully finished basement is great for family room or home office. Also, 2 large decks for entertaining! Enjoy a swim in the pool on the hot summer months! Pool liner and pump both replaced last summer. Gervais way is conveniently located close to route 93 and Methuen center!  Inspection to be for buyers information only. Property to be sold as is.
Unit Size
1,470 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$201
Property Type
House
Property Taxes
$331
HOA Dues
-
Year Built
1992

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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: 4 months ago (MLSPIN #71821413)

Price History

Date / Event Date Event Price
Jun 24, 2021 Sold
Premium
Sold
Apr 28, 2021 Listed by Century 21 North Shore $445,000
Listed by Century 21 North Shore
Nov 30, 2015 Sold
Premium
Sold
Apr 21, 2015 Listed by Century 21 North Shore $295,000
Listed by Century 21 North Shore
Dec 27, 2007 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1992
  • Effective Year Built: 1992
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 720
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 13,329
  • Total Building Area: 2,010
  • Gross Building Area: 2,691
  • Building Area: 2,010
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,010
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000306
  • 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: 252201

Zoning

  • Zoning: RG

Geography

  • Account Number: 4106
  • Parcel: METH M:00514 B:00147 L:00071K
  • Block: 147
  • Lot: 71K
  • Municipality: METHUEN
  • Latitude: 42.719
  • Longitude: -71.2003

    Address

  • Full Address: 10 Gervais Way
  • Address - House Number: 10
  • Address - Street Name: Gervais
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Methuen
  • Carrier Code: C041
  • 4-Digit Zip Code: 2492
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $543,200

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 566,463
  • High Value: 669,440
  • Low Value: 463,487

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $464,300
  • Assessed Land Value: $168,700
  • Assessed Improvements Value: $295,600

    Sales

  • Current Sale Contract Date: Jun 18, 2021
  • Current Sale Recording Date: Jun 24, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 125168
  • Previous Sale Recording Date: Nov 30, 2015
  • Previous Sale Amount: $302,000
  • Previous Sale Document Type: O
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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71821413

Frequently Asked Questions

When was property at 10 Gervais Way built and last sold?
The property at 10 Gervais Way was built in 1992 and last sold on Jun 18, 2021 for $501,000.
How much is this home worth?
The estimated value of the home located at 10 Gervais Way is $444,690.
What are some comparable homes to 10 Gervais Way?
There are currently no comparable homes to 10 Gervais Way.
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