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Methuen Town 01844
18 Madison St
$365,000
● House - Off Market

18 Madison St

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,648 Ft²
$532,701
RealtyHop Estimate
44.36%
Since Mar 1, 2020
National-US
Primary Model

About This Property

Welcome to 18 Madison! This warm and inviting home is filled with character and charm. It features gleaming hardwood floors throughout, crown molding and French doors which lead you to the living room and dining room.  The fully applianced kitchen has granite counters and recessed lighting. There are two bedrooms and a full bath on the first floor. The second floor offers an ideal master suite complete with a sitting area, large bedroom, spacious bath with soaking tub, walk in shower and tile floor. You can choose to relax on your farmer's porch or the deck in the fenced in back yard.  Includes central air and two paved driveways with plenty of parking! Great commuter location.
Unit Size
1,648 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$224
Property Type
House
Property Taxes
$349
HOA Dues
-
Year Built
1950

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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 #72564939)

Price History

Date / Event Date Event Price
Feb 5, 2020 Sold
Premium
Sold
Sep 13, 2019 Listed by Coldwell Banker Residential Brokerage - Derry NH $369,000
Listed by Coldwell Banker Residential Brokerage - Derry NH
Apr 30, 2013 Sold
Premium
Sold
Dec 11, 2012 Listed by Coldwell Banker Residential Brokerage - Derry NH $260,000
Listed by Coldwell Banker Residential Brokerage - Derry NH

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 1,080
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 1,648
  • Gross Building Area: 3,756
  • Building Area: 1,648
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,648
  • 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: 14523
  • Parcel: METH M:00618 B:00159A L:00076
  • Block: 159A
  • Lot: 76
  • Municipality: METHUEN
  • Latitude: 42.7027
  • Longitude: -71.1927

    Address

  • Full Address: 18 Madison St
  • Address - House Number: 18
  • 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: $521,000

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 531,601
  • High Value: 628,240
  • Low Value: 434,962

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $445,300
  • Assessed Land Value: $156,000
  • Assessed Improvements Value: $289,300

    Sales

  • Current Sale Contract Date: Feb 03, 2020
  • Current Sale Recording Date: Feb 05, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 2940
  • Previous Sale Recording Date: Apr 30, 2013
  • Previous Sale Amount: $260,000
  • 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

$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# 72564939

Frequently Asked Questions

When was property at 18 Madison Street built and last sold?
The property at 18 Madison Street was built in 1950 and last sold on Feb 3, 2020 for $365,000.
How much is this home worth?
The estimated value of the home located at 18 Madison Street is $376,923.
What are some comparable homes to 18 Madison Street?
There are currently no comparable homes to 18 Madison Street.
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