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Methuen Town 01844
16 Elsmere Ave
Photo of 16 Elsmere Ave
Sold on Sep 17, 2025

17

Map

Photo of 16 Elsmere Ave
Photo of 16 Elsmere Ave
$527,000
● House - Off Market

16 Elsmere Ave

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,985 Ft²
$2,972
Est. Monthly
5.73%
Cap Rate

About This Property

Large Colonial on a quiet side street. Nice open living area with lots of natural light. Full sized bedrooms. Large kitchen with lots of cabinet space. 1 car garage. Great yard for entertaining or just hanging out and relaxing.
Unit Size
1,985 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$262
Property Type
House
Property Taxes
$418
HOA Dues
-
Year Built
1956

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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: 2 years ago (MLSPIN #73412599)

Price History

Date / Event Date Event Price
Sep 17, 2025 Sold
Premium
Sold
Aug 7, 2025 In contract -
In contract
Aug 1, 2025 Listed by Cameron Real Estate Group $519,900
Listed by Cameron Real Estate Group
Mar 9, 2000 Sold
Premium
Sold
May 29, 1992 Sold
Premium
Sold

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • 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: 1,170
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 8,250
  • Total Building Area: 1,985
  • Gross Building Area: 4,161
  • Building Area: 1,985
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,985
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NORWOOD AVE
  • Land Acres: 0000000189
  • 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: 252300

Zoning

  • Zoning: RG

Geography

  • Account Number: 7456
  • Parcel: METH M:00614 B:00138 L:00004A
  • Block: 138
  • Lot: 4A
  • Municipality: METHUEN
  • Latitude: 42.722
  • Longitude: -71.1962

    Address

  • Full Address: 16 Elsmere Ave
  • Address - House Number: 16
  • Address - Street Name: Elsmere
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Methuen
  • Carrier Code: C028
  • 4-Digit Zip Code: 2922
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $471,500

    Appraisal Valuation

  • Standard Deviation: 0.1911
  • Valuation Date: Jan 31, 2024
  • Confidence Score: 74
  • Final Value: 572,731
  • High Value: 682,190
  • Low Value: 463,272

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $403,000
  • Assessed Land Value: $163,800
  • Assessed Improvements Value: $239,200

    Sales

  • Current Sale Recording Date: Mar 09, 2000
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: May 29, 1992
  • Previous Sale Amount: $119,000
  • 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

$325

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2195 ft²

Average Home Age

55.4 years

Currently For Sale

69 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: 2 years ago
Data Source: MLS PIN, MLS# 73412599

Frequently Asked Questions

When was property at 16 Elsmere Avenue built and last sold?
The property at 16 Elsmere Avenue was built in 1956 and last sold on Jan 1, 1970 for $1,000.
How much is this home worth?
The estimated value of the home located at 16 Elsmere Avenue is $0.
What are some comparable homes to 16 Elsmere Avenue?
There are currently no comparable homes to 16 Elsmere Avenue.
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