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Methuen Town 01844
2 Spencer St
$310,000
● House - Off Market

2 Spencer St

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,313 Ft²
$468,259
RealtyHop Estimate
46.38%
Since Dec 1, 2019
National-US
Primary Model

About This Property

***MARSH SCHOOL DISTRICT***  Welcome Home! Come view this charming storybook Cape located on a large 1/3 acre lot on a dead end street. Be welcomed by the first level living/dining area with beautiful wood flooring, high ceilings, and lots of natural light. The bright beautiful kitchen offers plenty of cabinet space, wood flooring, lovely granite countertops and newer appliances. From the kitchen, walk out onto the deck & feast your eyes on this SPECTACULAR YARD, perfect for outdoor entertaining. Plenty of open space for games, running around or just relaxing. Upstairs has 2 good sized bedrooms both with closets and carpeting.  Don't miss this opportunity! Convenient to Routes 93, 495 & NH...A PLEASURE TO SHOW!!!.
Unit Size
1,313 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$244
Property Type
House
Property Taxes
$284
HOA Dues
-
Year Built
1930

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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 #72554997)

Price History

Date / Event Date Event Price
Nov 7, 2019 Sold
Premium
Sold
Aug 26, 2019 Listed by Century 21 North East $319,900
Listed by Century 21 North East
Aug 1, 2018 Sold
Premium
Sold
May 10, 2018 Listed by Century 21 North East $275,000
Listed by Century 21 North East
Sep 19, 2007 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 936
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,178
  • Total Building Area: 1,313
  • Gross Building Area: 2,850
  • Building Area: 1,313
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,313
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000371
  • 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: 252201

Zoning

  • Zoning: RD

Geography

  • Account Number: 8443
  • Parcel: METH M:00412 B:00132 L:00003
  • Block: 132
  • Lot: 3
  • Municipality: METHUEN
  • Latitude: 42.7287
  • Longitude: -71.2146

    Address

  • Full Address: 2 Spencer St
  • Address - House Number: 2
  • Address - Street Name: Spencer
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C037
  • 4-Digit Zip Code: 1433
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $410,100

    Appraisal Valuation

  • Standard Deviation: 0.1874
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 447,779
  • High Value: 531,721
  • Low Value: 363,837

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $350,500
  • Assessed Land Value: $155,400
  • Assessed Improvements Value: $195,100

    Sales

  • Current Sale Contract Date: Nov 07, 2019
  • Current Sale Recording Date: Nov 07, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 28021
  • Previous Sale Recording Date: Aug 01, 2018
  • Previous Sale Amount: $275,000
  • 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

53

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

Unit for rent at 58 Brady, Salem, 03079

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,751 ft²
58 Brady, Salem, 03079 Listing by Nancy Bilodeau

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72554997

Frequently Asked Questions

When was property at 2 Spencer Street built and last sold?
The property at 2 Spencer Street was built in 1930 and last sold on Nov 7, 2019 for $310,000.
How much is this home worth?
The estimated value of the home located at 2 Spencer Street is $328,271.
What are some comparable homes to 2 Spencer Street?
There are currently no comparable homes to 2 Spencer Street.
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