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Methuen Town 01844
147 Butternut Ln
$405,000
● House - Off Market

147 Butternut Ln

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,875 Ft²
$600,208
RealtyHop Estimate
46.75%
Since Aug 1, 2019
National-US
Primary Model

About This Property

Marsh School District, Set in one of West Methuen's most sought after neighborhoods. This house has a new roof and has recently been painted. Upstairs has a big living room, with picture windows and a fireplace. The beautiful updated eat-in kitchen has a tile floor and stainless steel appliances. Towards the back of the home is a bright 3 seasons porch and a deck off the back of the house.  3 bedrooms and a full-bathroom finish off the upper level. Downstairs is a huge family room with a fire place, a laundry room/bathroom, and a bonus room with a closet.  The HUGE backyard is almost a half an acre and has a new fence surrounding the yard.
Unit Size
1,875 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$218
Property Type
House
Property Taxes
$361
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: 4 months ago (MLSPIN #72512687)

Price History

Date / Event Date Event Price
Jul 30, 2019 Sold
Premium
Sold
Jun 5, 2019 Listed by Redfin Corp. $409,000
Listed by Redfin Corp.
Oct 17, 2013 Sold
Premium
Sold
Aug 8, 2013 Listed by Redfin Corp. $299,900
Listed by Redfin Corp.
Oct 23, 2002 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1966
  • Effective Year Built: 1966
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • Exterior Walls Type: 18
  • 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: 1,056
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,020
  • Total Building Area: 1,875
  • Gross Building Area: 3,768
  • Building Area: 1,875
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,875
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: BUTTERNUT LANE
  • Land Acres: 0000000460
  • 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: 7261
  • Parcel: METH M:00315 B:00129B L:00012M
  • Block: 129B
  • Lot: 12M
  • Municipality: METHUEN
  • Latitude: 42.7123
  • Longitude: -71.2267

    Address

  • Full Address: 147 Butternut Ln
  • Address - House Number: 147
  • Address - Street Name: Butternut
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Methuen
  • Carrier Code: C030
  • 4-Digit Zip Code: 1941
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $547,900

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 592,022
  • High Value: 699,645
  • Low Value: 484,399

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $468,300
  • Assessed Land Value: $200,100
  • Assessed Improvements Value: $268,200

    Sales

  • Current Sale Contract Date: Jul 28, 2019
  • Current Sale Recording Date: Jul 30, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 17698
  • Previous Sale Recording Date: Oct 17, 2013
  • Previous Sale Amount: $290,000
  • 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

$325

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2191 ft²

Average Home Age

55.3 years

Currently For Sale

76 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# 72512687

Frequently Asked Questions

When was property at 147 Butternut Lane built and last sold?
The property at 147 Butternut Lane was built in 1966 and last sold on Jul 28, 2019 for $405,000.
How much is this home worth?
The estimated value of the home located at 147 Butternut Lane is $419,465.
What are some comparable homes to 147 Butternut Lane?
There are currently no comparable homes to 147 Butternut Lane.
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