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Methuen Town 01844
2 Peever
$249,900
● House - Off Market

2 Peever

Methuen, MA 01844
bedrooms
2 Beds
bathrooms
1 Bath
square feet
736 Ft²
$364,114
RealtyHop Estimate
45.70%
Since Feb 1, 2020
National-US
Primary Model

About This Property

Great alternative to condo living.... Methuen neighborhood of single family homes, recently remodeled with new Kitchen cabinets and appliances, New flooring, new windows, & freshly painted.  The large Washer/Dryer room, can easily be made into a third bedroom, with hookups in the basement.  This 2 or 3 bedroom home comes with a large 11,600 square foot lot with a car port and plenty of parking. Basement has a bonus 1/2 bathroom, and offers plenty of dry storage.   So much potential on this oversized lot  ..This property is ready to move in on Saturday, and be at work on Monday.  VACANT & EASY TO SHOW !  Priced to catch your attention.
Unit Size
736 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$340
Property Type
House
Property Taxes
$198
HOA Dues
-
Year Built
1944

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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 #72604123)

Price History

Date / Event Date Event Price
Jan 31, 2020 Sold
Premium
Sold
Jan 3, 2020 Listed by The Guselli Agency, Inc. $249,900
Listed by The Guselli Agency, Inc.
Jul 14, 2000 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1944
  • Effective Year Built: 1944
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 19
  • 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: 448
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,600
  • Total Building Area: 736
  • Gross Building Area: 1,284
  • Building Area: 736
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 736
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COLONIAL VILLAGE CONDO
  • Land Acres: 0000000266
  • 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: 302
  • Parcel: METH M:01014 B:00108 L:00030
  • Block: 108
  • Lot: 30
  • Municipality: METHUEN
  • Latitude: 42.7291
  • Longitude: -71.144

    Address

  • Full Address: 2 Peever St
  • Address - House Number: 2
  • Address - Street Name: Peever
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C019
  • 4-Digit Zip Code: 5523
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $301,900

    Appraisal Valuation

  • Standard Deviation: 0.1767
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 346,777
  • High Value: 408,078
  • Low Value: 285,477

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $258,000
  • Assessed Land Value: $171,800
  • Assessed Improvements Value: $86,200

    Sales

  • Current Sale Contract Date: Jan 29, 2020
  • Current Sale Recording Date: Jan 31, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 2413
  • Previous Sale Recording Date: Jul 14, 2000
  • Previous Sale Amount: $127,500
  • 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

2195 ft²

Average Home Age

55.4 years

Currently For Sale

69 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: 4 months ago
Data Source: MLS PIN, MLS# 72604123

Frequently Asked Questions

When was property at 2 Peever Street built and last sold?
The property at 2 Peever Street was built in 1944 and last sold on Jan 29, 2020 for $249,900.
How much is this home worth?
The estimated value of the home located at 2 Peever Street is $253,917.
What are some comparable homes to 2 Peever Street?
There are currently no comparable homes to 2 Peever Street.
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