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Methuen Town 01844
24 Channing St
$485,500
● House - Off Market

24 Channing St

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,945 Ft²
$473,731
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Welcome home to this 4 bedroom Cape! Well located near rt 495 and the Loop, the first floor features 2 bedrooms, full bath, kitchen,living room & den.Upstairs you will find a 1/2 bath, a VERY large bedroom with walk-in closet & built in dressers, and the fourth bedroom. The walk out basement has a brand new hot water heater. A oversized single stall garage offers enough space for your car and lawn equipment. The yard is the perfect size to enjoy without being too much work.Great possibilites with some TLC to make this your dream home This property will not last, so schedule your showing today!   Being sold as is.Showings begin at Open House, Saturday Sept. 16 & Sunday Sept 17  11:00-1:00.
Unit Size
1,945 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$244
Property Type
House
Property Taxes
$366
HOA Dues
-
Year Built
1935

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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: 5 months ago (MLSPIN #73158754)

Price History

Date / Event Date Event Price
Oct 25, 2023 Sold
Premium
Sold
Sep 22, 2023 In contract -
In contract
Sep 13, 2023 Listed by Berkshire Hathaway HomeServices Verani Realty $475,500
Listed by Berkshire Hathaway HomeServices Verani Realty

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Building Count: 1
  • Total Rooms: 6
  • 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: 1,096
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 1,945
  • Gross Building Area: 3,280
  • Building Area: 1,945
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,945
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 2749
  • Parcel: METH M:01014 B:00108 L:00040
  • Block: 108
  • Lot: 40
  • Municipality: METHUEN
  • Latitude: 42.7276
  • Longitude: -71.1446

    Address

  • Full Address: 24 Channing St
  • Address - House Number: 24
  • Address - Street Name: Channing
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C019
  • 4-Digit Zip Code: 5418
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $438,800

    Appraisal Valuation

  • Standard Deviation: 0.1692
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 486,230
  • High Value: 568,547
  • Low Value: 403,913

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $375,000
  • Assessed Land Value: $156,000
  • Assessed Improvements Value: $219,000

    Sales

  • Current Sale Contract Date: Oct 25, 2023
  • Current Sale Recording Date: Oct 25, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 17647
  • Previous Sale Recording Date: Dec 16, 2013
  • 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

$326

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2150 ft²

Average Home Age

54.9 years

Currently For Sale

74 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# 73158754

Frequently Asked Questions

When was property at 24 Channing Street built and last sold?
The property at 24 Channing Street was built in 1935 and last sold on Oct 25, 2023 for $485,500.
How much is this home worth?
The estimated value of the home located at 24 Channing Street is $488,652.
What are some comparable homes to 24 Channing Street?
There are currently no comparable homes to 24 Channing Street.
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