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Methuen Town 01844
16 Madison St
$301,000
● House - Off Market

16 Madison St

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,497 Ft²
$407,825
RealtyHop Estimate
45.70%
Since Feb 1, 2020
National-US
Primary Model

About This Property

Welcome home to this charming Colonial  conveniently located to shopping and major highways. Enter into a cozy bright 2 season room perfect for after work relaxation. First level has open concept family and dining room with large eat in kitchen and half bath. Bay doors welcome you to over-sized deck awaiting your summer time barbecues. Upstairs is complete with 3 bedrooms and full bath. Spacious closets throughout. Don't miss out on this hidden gem! All offers due Tuesday, 11/26 at 6pm  Subject to Seller finding suitable housing
Unit Size
1,497 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$187
Property Type
House
Property Taxes
$300
HOA Dues
-
Year Built
1920

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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 #72594892)

Price History

Date / Event Date Event Price
Jan 27, 2020 Sold
Premium
Sold
Nov 21, 2019 Listed by Coco, Early & Associates $279,900
Listed by Coco, Early & Associates
Apr 28, 2003 Sold
Premium
Sold
Feb 10, 2003 Listed by Coco, Early & Associates $224,900
Listed by Coco, Early & Associates
Apr 1, 1996 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • 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: 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: 797
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 1,497
  • Gross Building Area: 2,830
  • Building Area: 1,497
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,497
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 252101

Zoning

  • Zoning: RG

Geography

  • Account Number: 13102
  • Parcel: METH M:00618 B:00159A L:00075
  • Block: 159A
  • Lot: 75
  • Municipality: METHUEN
  • Latitude: 42.7029
  • Longitude: -71.1928

    Address

  • Full Address: 16 Madison St
  • Address - House Number: 16
  • Address - Street Name: Madison
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C047
  • 4-Digit Zip Code: 4822
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $428,100

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 469,473
  • High Value: 543,628
  • Low Value: 395,318

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $365,900
  • Assessed Land Value: $156,000
  • Assessed Improvements Value: $209,900

    Sales

  • Current Sale Contract Date: Jan 27, 2020
  • Current Sale Recording Date: Jan 27, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1926
  • Previous Sale Recording Date: Apr 28, 2003
  • Previous Sale Amount: $220,500
  • 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

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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72594892

Frequently Asked Questions

When was property at 16 Madison Street built and last sold?
The property at 16 Madison Street was built in 1920 and last sold on Jan 27, 2020 for $301,000.
How much is this home worth?
The estimated value of the home located at 16 Madison Street is $291,825.
What are some comparable homes to 16 Madison Street?
There are currently no comparable homes to 16 Madison Street.
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