For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Methuen Town 01844
227 Pelham St
$344,000
● House - Off Market

227 Pelham St

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,140 Ft²
$537,031
RealtyHop Estimate
58.42%
Since Jan 1, 2018
National-US
Primary Model

About This Property

WEST METHUEN,       Like  outdoor space ? Check out this wonderful  yard !             Recently RENNOVATED    3 Bedroom  2 bath Cape with  plenty of  paved parking  , and   this  home   is   near Marsh School .         Oversized  tiled  bathroom with  hot whirlpool tub and  very large  separate   roll in shower area .  Newer   first floor bedroom  with hardwood .      NEWER  roof  and insulated windows,      partially finished   and heated lower level with access to  AMAZING  BACK YARD    SERENE  SANCTUARY,     with  oversized  new   shed   ,  equipment storage , gardens , etc.           Come and  Compare  VALUE  now !
Unit Size
2,140 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$158
Property Type
House
Property Taxes
$269
HOA Dues
-
Year Built
1962

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 5 months ago (MLSPIN #72209649)

Price History

Date / Event Date Event Price
Mar 12, 2021 Sold
Premium
Sold
Jan 26, 2021 Listed by RE/MAX Insight $429,900
Listed by RE/MAX Insight
Dec 13, 2017 Sold
Premium
Sold
Aug 7, 2017 Listed by RE/MAX Insight $339,000
Listed by RE/MAX Insight
Oct 31, 1997 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • 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: 4
  • 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: 978
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 15,520
  • Total Building Area: 1,847
  • Gross Building Area: 2,962
  • Building Area: 1,847
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,847
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: UNIVERSITY HTS METHUEN
  • Land Acres: 0000000356
  • 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: 9375
  • Parcel: METH M:00412 B:00126A L:00068A
  • Block: 126A
  • Lot: 68A
  • Municipality: METHUEN
  • Latitude: 42.7292
  • Longitude: -71.2194

    Address

  • Full Address: 227 Pelham St
  • Address - House Number: 227
  • Address - Street Name: Pelham
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C037
  • 4-Digit Zip Code: 1452
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $461,600

    Appraisal Valuation

  • Standard Deviation: 0.1761
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 536,073
  • High Value: 630,489
  • Low Value: 441,657

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $394,500
  • Assessed Land Value: $166,100
  • Assessed Improvements Value: $228,400

    Sales

  • Current Sale Contract Date: Mar 12, 2021
  • Current Sale Recording Date: Mar 12, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 8464
  • Previous Sale Recording Date: Dec 13, 2017
  • Previous Sale Amount: $344,000
  • 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

$327

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2157 ft²

Average Home Age

54.7 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

Unit for rent at 58 Brady, Salem, 03079

$2,900 /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: 5 months ago
Data Source: MLS PIN, MLS# 72209649

Frequently Asked Questions

When was property at 227 Pelham Street built and last sold?
The property at 227 Pelham Street was built in 1962 and last sold on Mar 12, 2021 for $430,000.
How much is this home worth?
The estimated value of the home located at 227 Pelham Street is $439,996.
What are some comparable homes to 227 Pelham Street?
There are currently no comparable homes to 227 Pelham Street.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Methuen Town Homes for Sale
Methuen Town Houses for Sale
Methuen Town Condos for Sale
Methuen Town Townhouses for Sale
Methuen Town Multifamily for Sale
Methuen Town Land for Sale
Methuen Town Commercial for Sale
Methuen Town Homes with Basements
Nearby Cities
Lowell Homes for Sale
Haverhill Homes for Sale
Lawrence Homes for Sale
Wilmington Homes for Sale
Derry Homes for Sale
Londonderry Homes for Sale
Andover Homes for Sale
Boxford Homes for Sale
Nearby Property Records
Essex County, MA Property Records
Middlesex County, MA Property Records
Rockingham County, NH Property Records
Hillsborough County, NH Property Records
Suffolk County, MA Property Records
Norfolk County, MA Property Records
Strafford County, NH Property Records
Worcester County, MA Property Records
Neighborhoods
Highlands Real Estate
Centralville Real Estate
Pawtucketville Real Estate
South Lowell Real Estate
Tower Hill Real Estate
Belvidere Real Estate
Prospect Hill - Back Bay Real Estate
Arlington Real Estate
Nearby Counties
Lowell Homes for Sale
Haverhill Homes for Sale
Lawrence Homes for Sale
Chelmsford Homes for Sale
Andover Homes for Sale
Billerica Homes for Sale
North Andover Homes for Sale
Dracut Homes for Sale
Top Real Estate Agents
Top Agents in Methuen Town
Top Agents in Lowell
Top Agents in Lowell
Top Agents in Haverhill
Top Agents in Haverhill
Top Agents in 01844
Top Agents in Lawrence
Top Agents in Lawrence