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Methuen Town 01844
11 Chestnut Way
$690,000
● House - Off Market

11 Chestnut Way

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,962 Ft²
$682,825
RealtyHop Estimate
1.16%
Since Jul 1, 2022
National-US
Primary Model

About This Property

This gorgeous colonial home has much to offer! Nestled in a desirable cul-de-sac neighborhood full of well-kept homes! You'll love the bright open layout that is perfect for entertaining. Three great sized bedrooms plus an office or craft room. Two large family rooms with a fireplace makes for the picture perfect space to enjoy all year long. The heart of this home, the kitchen-with adjoining family and dining rooms, make it ideal for gatherings. The large kitchen flows perfectly with plenty of cabinets and counter space. The rear patio is great for a cup of morning coffee and enjoyment of the private tree-lined space in the back. Plenty of storage in the basement as well as in the walk up attic. attached 2 car garage is plus. This home won't last long!
Unit Size
2,962 Ft²
Days on Market
-
Land Size
1.16 acres
Price per sqft
$228
Property Type
House
Property Taxes
$722
HOA Dues
-
Year Built
2000

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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 #72954453)

Price History

Date / Event Date Event Price
Jun 16, 2022 Sold
Premium
Sold
Mar 17, 2022 Listed by REAL Broker MA LLC $675,000
Listed by REAL Broker MA LLC
Jun 13, 2000 Sold
Premium
Sold
Sep 21, 1999 Listed by REAL Broker MA LLC $289,900
Listed by REAL Broker MA LLC

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 1,900
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 50,530
  • Total Building Area: 2,962
  • Gross Building Area: 5,970
  • Building Area: 2,962
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,962
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001160
  • 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: 252603

Zoning

  • Zoning: RA

Geography

  • Account Number: 15792
  • Parcel: METH M:00810 B:00077E L:00004C
  • Block: 77E
  • Lot: 4C
  • Municipality: METHUEN
  • Latitude: 42.7505
  • Longitude: -71.1646

    Address

  • Full Address: 11 Chestnut Way
  • Address - House Number: 11
  • Address - Street Name: Chestnut
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Methuen
  • Carrier Code: R015
  • 4-Digit Zip Code: 2692
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $860,500

    Appraisal Valuation

  • Standard Deviation: 0.1647
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 79
  • Final Value: 849,489
  • High Value: 989,463
  • Low Value: 709,515

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $735,500
  • Assessed Land Value: $238,800
  • Assessed Improvements Value: $496,700

    Sales

  • Current Sale Contract Date: Jun 16, 2022
  • Current Sale Recording Date: Jun 16, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 14373
  • Previous Sale Recording Date: Jun 13, 2000
  • Previous Sale Amount: $335,350
  • 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

$325

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2195 ft²

Average Home Age

55.4 years

Currently For Sale

69 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: 4 months ago
Data Source: MLS PIN, MLS# 72954453

Frequently Asked Questions

When was property at 11 Chestnut Way built and last sold?
The property at 11 Chestnut Way was built in 2000 and last sold on Jun 16, 2022 for $690,000.
How much is this home worth?
The estimated value of the home located at 11 Chestnut Way is $690,221.
What are some comparable homes to 11 Chestnut Way?
There are currently no comparable homes to 11 Chestnut Way.
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