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Methuen Town 01844
225 Pelham Street
$225,000
● House - Off Market

225 Pelham Street

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,040 Ft²
$495,031
RealtyHop Estimate
115.32%
Since Jul 1, 2012
National-US
Primary Model

About This Property

This is it! Great Ranch in Marsh School District waiting for you to call it home.  Three bedrooms, brand NEW eat in kitchen with beautiful cabinets, granite counters and tile flooring. Hardwood floors through living room, hallway and master. Finished lower level can serve as a play room, media room, or at home office. Spacious corner lot is fenced in. New heating system, newer hot water tank, updated bathroom, new windows! Ease of access to Rt 93, 213, 495 and tax free shopping in NH.
Unit Size
1,040 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$221
Property Type
House
Property Taxes
$206
HOA Dues
-
Year Built
1960

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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: 5 months ago (MLSPIN #71358469)

Price History

Date / Event Date Event Price
Jun 14, 2012 Sold
Premium
Sold
Mar 28, 2012 Listed by Coco, Early & Associates $229,900
Listed by Coco, Early & Associates
Nov 21, 2005 Sold
Premium
Sold
Aug 12, 2005 Listed by Coco, Early & Associates $289,900
Listed by Coco, Early & Associates

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 1,040
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,041
  • Total Building Area: 1,040
  • Gross Building Area: 3,480
  • Building Area: 1,040
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,040
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: UNIVERSITY HEIGHTS
  • Land Acres: 0000000345
  • 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: 252202

Zoning

  • Zoning: RB

Geography

  • Account Number: 2233
  • Parcel: METH M:00412 B:00126A L:00069A
  • Block: 126A
  • Lot: 69A
  • Municipality: METHUEN
  • Latitude: 42.7292
  • Longitude: -71.2188

    Address

  • Full Address: 225 Pelham St
  • Address - House Number: 225
  • Address - Street Name: Pelham
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C037
  • 4-Digit Zip Code: 1451
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $439,000

    Appraisal Valuation

  • Standard Deviation: 0.1767
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 512,112
  • High Value: 602,640
  • Low Value: 421,585

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $375,200
  • Assessed Land Value: $165,100
  • Assessed Improvements Value: $210,100

    Sales

  • Current Sale Recording Date: Jun 14, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000001
  • Previous Sale Recording Date: Nov 21, 2005
  • Previous Sale Amount: $257,500
  • 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:

$599,500

Sale Price/ft²

$327

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2233 ft²

Average Home Age

56 years

Currently For Sale

75 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: 5 months ago
Data Source: MLS PIN, MLS# 71358469

Frequently Asked Questions

When was property at 225 Pelham Street built and last sold?
The property at 225 Pelham Street was built in 1960 and last sold on Jan 1, 1970 for $225,000.
How much is this home worth?
The estimated value of the home located at 225 Pelham Street is $239,390.
What are some comparable homes to 225 Pelham Street?
There are currently no comparable homes to 225 Pelham Street.
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