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Methuen Town 01844
167 Butternut Ln
$432,000
● House - Off Market

167 Butternut Ln

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
3 Baths
square feet
3,161 Ft²
$725,943
RealtyHop Estimate
68.82%
Since Oct 1, 2016
National-US
Primary Model

About This Property

SPACE TO SPREAD OUT!!!!!!!!!! Move right in - over 3000 sq. ft. where 2 fireplaces, hardwood floors, and plenty of windows  fill your next home with warmth and sunlight! Main floor features 4 bedrooms, 2 full baths, & large living and dining rooms. sunroom off the master goes out to hot tub and deck with private back yard views. Lower level features the summer kitchen, family room, game room, office and 3/4 bath (IN-LAW POTENCIAL!) . Garage under, mature landscaping and irrigation system. Sought after Methuen neighborhood. Listing agent is related to the sellers.
Unit Size
3,161 Ft²
Days on Market
-
Land Size
0.47 acres
Price per sqft
$136
Property Type
House
Property Taxes
$385
HOA Dues
-
Year Built
1959

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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: 5 months ago (MLSPIN #72054795)

Price History

Date / Event Date Event Price
Sep 30, 2016 Sold
Premium
Sold
Aug 17, 2016 Listed by Keller Williams Realty Metropolitan $430,000
Listed by Keller Williams Realty Metropolitan
May 1, 1987 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • 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: 1,864
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,560
  • Total Building Area: 3,161
  • Gross Building Area: 4,236
  • Building Area: 3,161
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 3,161
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN METHUEN
  • Land Acres: 0000000472
  • 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: 8459
  • Parcel: METH M:00315 B:00129B L:00012G
  • Block: 129B
  • Lot: 12G
  • Municipality: METHUEN
  • Latitude: 42.711
  • Longitude: -71.2263

    Address

  • Full Address: 167 Butternut Ln
  • Address - House Number: 167
  • 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: $585,200

    Appraisal Valuation

  • Standard Deviation: 0.1558
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 668,848
  • High Value: 773,103
  • Low Value: 564,593

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $500,200
  • Assessed Land Value: $201,400
  • Assessed Improvements Value: $298,800

    Sales

  • Current Sale Recording Date: Sep 30, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 25967
  • Previous Sale Recording Date: May 01, 1987
  • Previous Sale Amount: $164,900
  • 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

2157 ft²

Average Home Age

55.2 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72054795

Frequently Asked Questions

When was property at 167 Butternut Lane built and last sold?
The property at 167 Butternut Lane was built in 1959 and last sold on Jan 1, 1970 for $432,000.
How much is this home worth?
The estimated value of the home located at 167 Butternut Lane is $462,507.
What are some comparable homes to 167 Butternut Lane?
There are currently no comparable homes to 167 Butternut Lane.
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