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Methuen Town 01844
114 Elm St
$350,000
● House - Off Market

114 Elm St

Methuen, MA 01844
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,297 Ft²
$413,746
RealtyHop Estimate
6.09%
Since Jan 1, 2023
National-US
Primary Model

About This Property

Come see this cute bungalow for yourself. Located just minutes from I-93. Whether you are a first time homebuyer or if you are looking for single level living this home has some great features. Step inside to your living room and sitting area/dining room with wood burning stove. The two bedrooms on the first floor feature recessed lighting and hardwood floors, an additional bonus room on the second floor offers many options as a potential media room, home office, or a master bedroom. Updated with ductless mini-split to keep you cool in the summer or use it to supplement heat this winter. Don't wait schedule your showing today! Open House Saturday 10/22 11am-1pm.
Unit Size
1,297 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$301
Property Type
House
Property Taxes
$349
HOA Dues
-
Year Built
1924

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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 #73047636)

Price History

Date / Event Date Event Price
Dec 23, 2022 Sold
Premium
Sold
Oct 25, 2022 In contract -
In contract
Oct 13, 2022 Listed by ERA Key Realty Services $390,000
Listed by ERA Key Realty Services
Nov 6, 2015 Sold
Premium
Sold
Sep 22, 2015 Listed by ERA Key Realty Services $249,900
Listed by ERA Key Realty Services
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1924
  • Effective Year Built: 1924
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,076
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,998
  • Total Building Area: 1,297
  • Gross Building Area: 3,657
  • Building Area: 1,297
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 16
  • Heated Square Feet: 1,297
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000298
  • 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: RD

Geography

  • Account Number: 3628
  • Parcel: METH M:00616 B:00151 L:00009
  • Block: 151
  • Lot: 9
  • Municipality: METHUEN
  • Latitude: 42.7125
  • Longitude: -71.1972

    Address

  • Full Address: 114 Elm St
  • Address - House Number: 114
  • Address - Street Name: Elm
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C036
  • 4-Digit Zip Code: 3567
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $431,600
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 467,577
  • High Value: 541,433
  • Low Value: 393,721

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $368,900
  • Assessed Land Value: $160,600
  • Assessed Improvements Value: $208,300

    Sales

  • Current Sale Contract Date: Dec 23, 2022
  • Current Sale Recording Date: Dec 23, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 29014
  • Previous Sale Recording Date: Nov 06, 2015
  • Previous Sale Amount: $247,500
  • 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

$327

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2193 ft²

Average Home Age

59.5 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73047636

Frequently Asked Questions

When was property at 114 Elm Street built and last sold?
The property at 114 Elm Street was built in 1924 and last sold on Dec 23, 2022 for $350,000.
How much is this home worth?
The estimated value of the home located at 114 Elm Street is $391,741.
What are some comparable homes to 114 Elm Street?
There are currently no comparable homes to 114 Elm Street.
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