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Methuen Town 01844
2 Hope St
$490,000
● House - Off Market

2 Hope St

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,815 Ft²
$516,992
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

Buyer's financing fell through so here is you opportunity!!!!!!Need rooms here they are, this home has formal living room opened to kitchen and formal dining room which leads to great den with wood stove and exterior deck. 1st floor also boasts 2 larger front to back family rooms one with gas stove that leads to deck overlooking large yard with above ground pool.  3 good sized bedrooms with wood floors on 2nd floor.  Need more space the finished lower with bath has in-law potential.  Multiple decks 1 car garage and much more.  New roof to be installed prior to closing or a credit to buyer will be given.  Great space close to major highways and NH shopping.
Unit Size
2,815 Ft²
Days on Market
-
Land Size
0.31 acres
Price per sqft
$174
Property Type
House
Property Taxes
$418
HOA Dues
-
Year Built
1976

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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 #73000941)

Price History

Date / Event Date Event Price
Nov 17, 2022 Sold
Premium
Sold
Oct 17, 2022 In contract -
In contract
Jun 21, 2022 Listed by Keller Williams Realty $489,900
Listed by Keller Williams Realty

Property Highlights

Parking Available
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1976
  • Effective Year Built: 1976
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 922
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 13,687
  • Total Building Area: 2,104
  • Gross Building Area: 3,765
  • Building Area: 2,104
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,104
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000314
  • 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: 252601

Zoning

  • Zoning: RD

Geography

  • Account Number: 14362
  • Parcel: METH M:01012 B:00108 L:00251A
  • Block: 108
  • Lot: 251A
  • Municipality: METHUEN
  • Latitude: 42.7377
  • Longitude: -71.138

    Address

  • Full Address: 2 Hope St
  • Address - House Number: 2
  • Address - Street Name: Hope
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C040
  • 4-Digit Zip Code: 5626
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $524,500

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 571,637
  • High Value: 661,930
  • Low Value: 481,345

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $448,300
  • Assessed Land Value: $176,800
  • Assessed Improvements Value: $271,500

    Sales

  • Current Sale Contract Date: Nov 17, 2022
  • Current Sale Recording Date: Nov 17, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 26685
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

2235 ft²

Average Home Age

55.5 years

Currently For Sale

73 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73000941

Frequently Asked Questions

When was property at 2 Hope Street built and last sold?
The property at 2 Hope Street was built in 1976 and last sold on Nov 17, 2022 for $490,000.
How much is this home worth?
The estimated value of the home located at 2 Hope Street is $518,646.
What are some comparable homes to 2 Hope Street?
There are currently no comparable homes to 2 Hope Street.
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