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Methuen Town 01844
148 Pitman St
$395,500
● House - Off Market

148 Pitman St

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,001 Ft²
$573,153
RealtyHop Estimate
47.00%
Since Jul 1, 2019
National-US
Primary Model

About This Property

Not your average split level! This spacious home has room for everyone as it is set up with an accessory apartment.  This 4 bedroom home with bonus room in the finished garage will meet all of your needs. It offers two full kitchens, two baths, two living areas. What more will you need? Sit on your deck and enjoy your large, level fenced in yard or stay in and enjoy the cool central air! This one has to be seen to be fully appreciated.
Unit Size
2,001 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$195
Property Type
House
Property Taxes
$397
HOA Dues
-
Year Built
1985

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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 #72492155)

Price History

Date / Event Date Event Price
Jun 21, 2019 Sold
Premium
Sold
May 1, 2019 Listed by LAER Realty Partners $389,900
Listed by LAER Realty Partners
Nov 15, 2013 Sold
Premium
Sold
Jun 13, 2013 Listed by LAER Realty Partners $289,900
Listed by LAER Realty Partners
Jul 31, 2008 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • 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: 1,098
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 2,001
  • Gross Building Area: 2,509
  • Building Area: 2,001
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,001
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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: 252601

Zoning

  • Zoning: RD

Geography

  • Account Number: 2837
  • Parcel: METH M:01210 B:00110A L:00100E
  • Block: 110A
  • Lot: 100E
  • Municipality: METHUEN
  • Latitude: 42.7417
  • Longitude: -71.1228

    Address

  • Full Address: 148 Pitman St
  • Address - House Number: 148
  • Address - Street Name: Pitman
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C044
  • 4-Digit Zip Code: 6461
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $551,200

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 597,936
  • High Value: 706,634
  • Low Value: 489,238

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $471,100
  • Assessed Land Value: $168,000
  • Assessed Improvements Value: $303,100

    Sales

  • Current Sale Contract Date: Jun 21, 2019
  • Current Sale Recording Date: Jun 21, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 14131
  • Previous Sale Recording Date: Nov 15, 2013
  • Previous Sale Amount: $288,500
  • 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

$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# 72492155

Frequently Asked Questions

When was property at 148 Pitman Street built and last sold?
The property at 148 Pitman Street was built in 1985 and last sold on Jun 21, 2019 for $395,500.
How much is this home worth?
The estimated value of the home located at 148 Pitman Street is $404,231.
What are some comparable homes to 148 Pitman Street?
There are currently no comparable homes to 148 Pitman Street.
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