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Methuen Town 01844
11 Laurel Ave
$431,000
● House - Off Market

11 Laurel Ave

Methuen, MA 01844
bedrooms
2 Beds
bathrooms
1 Bath
square feet
920 Ft²
$400,570
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

Discover the perfect blend of coziness and space in this remarkable 2-bedroom Cape-style home. The large, updated kitchen includes stainless steel appliances, ensuring a modern culinary experience. With its full unfinished walk-up attic, this home offers endless potential for expansion and customization. Enjoy the serenity of your own private yard, complete with a oversized deck and firepit area, ideal for outdoor gatherings and relaxation.  Located in a commuter-friendly neighborhood, this home provides easy access to rte. 93 and local amenities, making your daily commute a breeze. Don't miss out on the opportunity to own this captivating Cape-style gem!
Unit Size
920 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$435
Property Type
House
Property Taxes
$289
HOA Dues
-
Year Built
1950

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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 #73107192)

Price History

Date / Event Date Event Price
Jun 2, 2023 Sold
Premium
Sold
May 11, 2023 In contract -
In contract
May 4, 2023 Listed by Leading Edge Real Estate $399,900
Listed by Leading Edge Real Estate
Jul 22, 2011 Sold
Premium
Sold
May 12, 2011 Listed by Leading Edge Real Estate $154,900
Listed by Leading Edge Real Estate

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • 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: 720
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 720
  • Gross Building Area: 2,232
  • Building Area: 720
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 720
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GLEN FOREST PLAN 431
  • Land Acres: 0000000115
  • 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: 6355
  • Parcel: METH M:00618 B:00161 L:00025
  • Block: 161
  • Lot: 25
  • Municipality: METHUEN
  • Latitude: 42.7019
  • Longitude: -71.1957

    Address

  • Full Address: 11 Laurel Ave
  • Address - House Number: 11
  • Address - Street Name: Laurel
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Methuen
  • Carrier Code: C047
  • 4-Digit Zip Code: 3309
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $346,700

    Appraisal Valuation

  • Standard Deviation: 0.1738
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 401,367
  • High Value: 471,156
  • Low Value: 331,578

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $296,300
  • Assessed Land Value: $156,000
  • Assessed Improvements Value: $140,300

    Sales

  • Current Sale Contract Date: Jun 02, 2023
  • Current Sale Recording Date: Jun 02, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 8508
  • Previous Sale Recording Date: Jul 22, 2011
  • Previous Sale Amount: $150,000
  • 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

$326

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2221 ft²

Average Home Age

56.1 years

Currently For Sale

74 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73107192

Frequently Asked Questions

When was property at 11 Laurel Avenue built and last sold?
The property at 11 Laurel Avenue was built in 1950 and last sold on Jun 2, 2023 for $431,000.
How much is this home worth?
The estimated value of the home located at 11 Laurel Avenue is $391,726.
What are some comparable homes to 11 Laurel Avenue?
There are currently no comparable homes to 11 Laurel Avenue.
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