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Methuen Town 01844
19 Butternut Ln
$325,000
● House - Off Market

19 Butternut Ln

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,428 Ft²
$576,968
RealtyHop Estimate
69.75%
Since Jul 1, 2016
National-US
Primary Model

About This Property

Welcome Home! This adorable cape is situated in one of West Methuen's sought after neighborhood located within the Marsh school district. The first floor features a fire-placed living room, an open concept kitchen and dining room, a full bath and a spacious office. Upstairs you will find 3 bedrooms and a full bath. Other features include hard wood floors through out, new roof, furnace and a new deck If you need more space there is a walk out basement that can easily be finished for a family room. Enjoy your summers in the fenced in level backyard. This is the perfect house to call home!
Unit Size
1,428 Ft²
Days on Market
-
Land Size
0.53 acres
Price per sqft
$238
Property Type
House
Property Taxes
$313
HOA Dues
-
Year Built
1963

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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 #71967697)

Price History

Date / Event Date Event Price
Jun 24, 2016 Sold
Premium
Sold
Mar 5, 2016 Listed by LAER Realty Partners $339,900
Listed by LAER Realty Partners
Oct 11, 2007 Sold
Premium
Sold
Jun 26, 2007 Listed by Keller Williams Realty $285,000
Listed by Keller Williams Realty
West Methuen - One owner Cape with hardwood floors, 2 full baths, 2 fireplaces. Eat in kitchen, nice level lot. Make this house your home! *

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 816
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 22,899
  • Total Building Area: 1,428
  • Gross Building Area: 2,640
  • Building Area: 1,428
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,428
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000526
  • 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: 14538
  • Parcel: METH M:00316 B:00129B L:00016N
  • Block: 129B
  • Lot: 16N
  • Municipality: METHUEN
  • Latitude: 42.7088
  • Longitude: -71.2223

    Address

  • Full Address: 19 Butternut Ln
  • Address - House Number: 19
  • Address - Street Name: Butternut
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Methuen
  • Carrier Code: C030
  • 4-Digit Zip Code: 1912
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $506,800

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 546,087
  • High Value: 645,360
  • Low Value: 446,815

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $433,200
  • Assessed Land Value: $207,300
  • Assessed Improvements Value: $225,900

    Sales

  • Current Sale Recording Date: Jan 02, 2018
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 37
  • Previous Sale Recording Date: Jun 24, 2016
  • Previous Sale Amount: $325,000
  • 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

$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# 71967697

Frequently Asked Questions

When was property at 19 Butternut Lane built and last sold?
The property at 19 Butternut Lane was built in 1963 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 19 Butternut Lane is $349,187.
What are some comparable homes to 19 Butternut Lane?
There are currently no comparable homes to 19 Butternut Lane.
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