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Methuen Town 01844
2 Orange Avenue
$345,000
● House - Off Market

2 Orange Avenue

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,822 Ft²
$576,197
RealtyHop Estimate
68.25%
Since Jan 1, 2017
National-US
Primary Model

About This Property

This oversized ranch on over a 1/4 acre corner lot offers a new roof, hardwood floors, central air, oversized eat in kitchen with stove top, built in oven, granite and stainless steel appliances.  The lower level offers a private entrance, with potential in law unit which has it's own full bath and windows.  Fenced in backyard offers a two tiered yard with patio and a new deck with above ground swimming pool with a new liner.  This home  is great for extended family or a teenager who needs their own space.  Convenient to major highways, mountains and ocean.
Unit Size
2,822 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$121
Property Type
House
Property Taxes
$275
HOA Dues
-
Year Built
1960

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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 #72071062)

Price History

Date / Event Date Event Price
Dec 16, 2016 Sold
Premium
Sold
Sep 21, 2016 Listed by Connie Doto Realty Group $342,469
Listed by Connie Doto Realty Group
Nov 24, 2009 Sold
Premium
Sold
Jul 11, 2009 Listed by Connie Doto Realty Group $289,900
Listed by Connie Doto Realty Group
Oct 3, 2002 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 1
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,288
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 14,706
  • Total Building Area: 2,178
  • Gross Building Area: 3,414
  • Building Area: 2,178
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,178
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000338
  • 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: 252501

Zoning

  • Zoning: RD

Geography

  • Account Number: 4743
  • Parcel: METH M:01014 B:00106 L:00003
  • Block: 106
  • Lot: 3
  • Municipality: METHUEN
  • Latitude: 42.722
  • Longitude: -71.1424

    Address

  • Full Address: 2 Orange Ave
  • Address - House Number: 2
  • Address - Street Name: Orange
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Methuen
  • Carrier Code: C019
  • 4-Digit Zip Code: 5926
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $451,400

    Appraisal Valuation

  • Standard Deviation: 0.1761
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 537,808
  • High Value: 632,530
  • Low Value: 443,087

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $385,800
  • Assessed Land Value: $161,400
  • Assessed Improvements Value: $224,400

    Sales

  • Current Sale Recording Date: Dec 16, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 33774
  • Previous Sale Recording Date: Nov 24, 2009
  • Previous Sale Amount: $296,500
  • 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# 72071062

Frequently Asked Questions

When was property at 2 Orange Avenue built and last sold?
The property at 2 Orange Avenue was built in 1960 and last sold on Jan 1, 1970 for $345,000.
How much is this home worth?
The estimated value of the home located at 2 Orange Avenue is $375,635.
What are some comparable homes to 2 Orange Avenue?
There are currently no comparable homes to 2 Orange Avenue.
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