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Methuen Town 01844
24 Birch Avenue
$405,000
● House - Off Market

24 Birch Avenue

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,440 Ft²
$561,592
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model

About This Property

Spacious and Updated Cape in Great Shape. Very Roomy and Comfortable. 3-4 Bedrooms. 2 Updated Bathrooms. Radiant Heat in Open Concept Kitchen with Center Island and Stainless Appliances opens to a Good-Sized Dining Room. Lots of Windows bring the Sunshine In. Oversized, front-to-back Master Bedroom. All Bedrooms have Vaulted Ceilings and Ceiling Fans. Hardwood Flooring in Living Room, Dining Room, Den and 1 Bedroom. Basement is Mostly Finished adding additional Useable Space. Furnace and Hot Water Tank replaced in 2015 and New Roof in 2018. The Lot consists of 2 parcels --front parcel is 11,500 sq. ft. and rear parcel is 33,419 sq. ft. (Possible Building Lot). The Home is in Full Deleading Compliance since 2007. Showings Start Thursday, June 25. Agents and Buyers to follow Covid guidelines of masks and gloves.
Unit Size
1,440 Ft²
Days on Market
-
Land Size
1.03 acres
Price per sqft
$285
Property Type
House
Property Taxes
$321
HOA Dues
-
Year Built
1938

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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 #72677924)

Price History

Date / Event Date Event Price
Aug 19, 2020 Sold
Premium
Sold
Jun 22, 2020 Listed by Moore-Tuttle & Company $410,000
Listed by Moore-Tuttle & Company
Mar 28, 2003 Sold
Premium
Sold
Sep 3, 2002 Listed by Moore-Tuttle & Company $259,900
Listed by Moore-Tuttle & Company

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1938
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 720
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,500
  • Total Building Area: 1,440
  • Gross Building Area: 2,938
  • Building Area: 1,440
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,440
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000264
  • 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: 252502

Zoning

  • Zoning: RD

Geography

  • Account Number: 6100
  • Parcel: METH M:01014 B:00101 L:00067
  • Block: 101
  • Lot: 67
  • Municipality: METHUEN
  • Latitude: 42.7282
  • Longitude: -71.1483

    Address

  • Full Address: 24 Birch Ave
  • Address - House Number: 24
  • Address - Street Name: Birch
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Methuen
  • Carrier Code: C048
  • 4-Digit Zip Code: 5464
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $428,100

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 474,676
  • High Value: 549,653
  • Low Value: 399,699

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $365,900
  • Assessed Land Value: $171,600
  • Assessed Improvements Value: $194,300

    Sales

  • Current Sale Contract Date: Aug 12, 2020
  • Current Sale Recording Date: Aug 19, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 21623
  • Previous Sale Recording Date: Mar 28, 2003
  • Previous Sale Amount: $254,000
  • 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

2218 ft²

Average Home Age

55.9 years

Currently For Sale

79 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# 72677924

Frequently Asked Questions

When was property at 24 Birch Avenue built and last sold?
The property at 24 Birch Avenue was built in 1938 and last sold on Aug 12, 2020 for $405,000.
How much is this home worth?
The estimated value of the home located at 24 Birch Avenue is $409,357.
What are some comparable homes to 24 Birch Avenue?
There are currently no comparable homes to 24 Birch Avenue.
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