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Methuen Town 01844
116 Brook St
$430,000
● House - Off Market

116 Brook St

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,920 Ft²
$630,343
RealtyHop Estimate
46.63%
Since Sep 1, 2019
National-US
Primary Model

About This Property

Back on market due to sale of Buyer's home falling through. Enjoy entertaining family and friends in this well appointed, open and spacious gambrel. Coffered ceilings and hardwood floors complement the huge living room with fireplace, formal dining room with wainscoting, spacious eat in kitchen and office.  The sunroom, full bath and tons of closets complete the first level.  Second level is graced  with an elegant center hall with sitting area leading to 4 generous bedrooms and full bath.  Lower level provides additional living area with bar, gaming area, 1/2 bath, laundry and additional storage.  The fenced yard features a patio for grilling, swing set, and tree house for summer fun.
Unit Size
3,920 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$110
Property Type
House
Property Taxes
$374
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 #72492909)

Price History

Date / Event Date Event Price
Aug 12, 2019 Sold
Premium
Sold
May 2, 2019 Listed by Coldwell Banker Residential Brokerage - Andover $429,900
Listed by Coldwell Banker Residential Brokerage - Andover
Sep 28, 2017 Sold
Premium
Sold
Jul 25, 2017 Listed by Coldwell Banker Residential Brokerage - Andover $399,900
Listed by Coldwell Banker Residential Brokerage - Andover
Aug 29, 2008 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 1
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,400
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,927
  • Total Building Area: 3,920
  • Gross Building Area: 4,344
  • Building Area: 3,920
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 3,920
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000228
  • 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: 252501

Zoning

  • Zoning: RC

Geography

  • Account Number: 422
  • Parcel: METH M:00816 B:00096 L:00036
  • Block: 96
  • Lot: 36
  • Municipality: METHUEN
  • Latitude: 42.7252
  • Longitude: -71.1651

    Address

  • Full Address: 116 Brook St
  • Address - House Number: 116
  • Address - Street Name: Brook
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C045
  • 4-Digit Zip Code: 4951
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $593,000

    Appraisal Valuation

  • Standard Deviation: 0.162
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 635,462
  • High Value: 738,418
  • Low Value: 532,505

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $506,800
  • Assessed Land Value: $167,800
  • Assessed Improvements Value: $339,000

    Sales

  • Current Sale Contract Date: Aug 08, 2019
  • Current Sale Recording Date: Aug 12, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 19052
  • Previous Sale Recording Date: Sep 28, 2017
  • Previous Sale Amount: $390,000
  • 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

$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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72492909

Frequently Asked Questions

When was property at 116 Brook Street built and last sold?
The property at 116 Brook Street was built in 1950 and last sold on Aug 8, 2019 for $430,000.
How much is this home worth?
The estimated value of the home located at 116 Brook Street is $472,097.
What are some comparable homes to 116 Brook Street?
There are currently no comparable homes to 116 Brook Street.
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