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Methuen Town 01844
146 Butternut Lane
$359,000
● House - Off Market

146 Butternut Lane

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,949 Ft²
$538,461
RealtyHop Estimate
47.52%
Since Jun 1, 2019
National-US
Primary Model

About This Property

Welcome home to desirable West Methuen!  This charming home has 4 spacious bedrooms, hardwood floors and a lovely front-to-back fireplaced living room.  Come enjoy your morning coffee in the airy sunroom overlooking the lush green landscape.  Updated furnace, water heater and electrical are just a few of the updates.  Keep your car out of the elements in the adjoining garage.  A large deck provides the perfect space for entertaining alfresco or just relaxing in the sun.  Don't miss out on this opportunity for beautiful suburbia living!   .
Unit Size
1,949 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$187
Property Type
House
Property Taxes
$358
HOA Dues
-
Year Built
1966

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #72375761)

Price History

Date / Event Date Event Price
May 9, 2019 Sold
Premium
Sold
Aug 8, 2018 Listed by Coco, Early & Associates The Andovers $365,000
Listed by Coco, Early & Associates The Andovers
Jun 1, 1993 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 1,088
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 19,998
  • Total Building Area: 1,949
  • Gross Building Area: 3,796
  • Building Area: 1,949
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,949
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000459
  • 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: 252102

Zoning

  • Zoning: RB

Geography

  • Account Number: 4697
  • Parcel: METH M:00315 B:00129B L:00013F
  • Block: 129B
  • Lot: 13F
  • Municipality: METHUEN
  • Latitude: 42.7105
  • Longitude: -71.2257

    Address

  • Full Address: 146 Butternut Ln
  • Address - House Number: 146
  • Address - Street Name: Butternut
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Methuen
  • Carrier Code: C030
  • 4-Digit Zip Code: 1943
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $506,100

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 552,115
  • High Value: 652,483
  • Low Value: 451,747

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $432,600
  • Assessed Land Value: $200,000
  • Assessed Improvements Value: $232,600

    Sales

  • Current Sale Contract Date: Apr 25, 2019
  • Current Sale Recording Date: May 09, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 10097
  • Previous Sale Recording Date: Jun 01, 1993
  • Previous Sale Amount: $111,000
  • 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

$327

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2150 ft²

Average Home Age

54.9 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# 72375761

Frequently Asked Questions

When was property at 146 Butternut Lane built and last sold?
The property at 146 Butternut Lane was built in 1966 and last sold on Apr 25, 2019 for $359,000.
How much is this home worth?
The estimated value of the home located at 146 Butternut Lane is $380,669.
What are some comparable homes to 146 Butternut Lane?
There are currently no comparable homes to 146 Butternut Lane.
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