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Methuen Town 01844
261 Forest St
$369,900
● House - Off Market

261 Forest St

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,968 Ft²
$587,960
RealtyHop Estimate
58.95%
Since Nov 1, 2017
National-US
Primary Model

About This Property

Located  in West Methuen's Marsh School District, this ranch home was fully remodeled in 2012.  The kitchen was expanded, a new dining area was added, the hardwood floors were refinished and the bath updated.  Along with all those the basement was also finished adding additional living space and a second bath.  The roof and heating system were replaced and central AC added. The inside was just freshly repainted and the floors shined making this a truly move-in ready home. With it's close access to Forest Lake, Salem NH shopping and highways to get you to Boston, the beaches or the mountains, you won't want to miss out on this one.
Unit Size
1,968 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$188
Property Type
House
Property Taxes
$316
HOA Dues
-
Year Built
1959

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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 #72208843)

Price History

Date / Event Date Event Price
Oct 16, 2017 Sold
Premium
Sold
Aug 4, 2017 Listed by Century 21 McLennan & Company $369,900
Listed by Century 21 McLennan & Company
Sep 27, 2012 Sold
Premium
Sold
Jun 28, 2012 Listed by Century 21 McLennan & Company $139,900
Listed by Century 21 McLennan & Company

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 936
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,579
  • Total Building Area: 1,968
  • Gross Building Area: 2,162
  • Building Area: 1,968
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,968
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN 27803A
  • Land Acres: 0000000220
  • 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: RB

Geography

  • Account Number: 8712
  • Parcel: METH M:00416 B:00131 L:00071A
  • Block: 131
  • Lot: 71A
  • Municipality: METHUEN
  • Latitude: 42.7125
  • Longitude: -71.2185

    Address

  • Full Address: 261 Forest St
  • Address - House Number: 261
  • Address - Street Name: Forest
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: R012
  • 4-Digit Zip Code: 1948
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $485,400

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 549,385
  • High Value: 649,257
  • Low Value: 449,513

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $414,900
  • Assessed Land Value: $167,000
  • Assessed Improvements Value: $247,900

    Sales

  • Current Sale Contract Date: Sep 14, 2017
  • Current Sale Recording Date: Oct 16, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 116860
  • Previous Sale Recording Date: Sep 27, 2012
  • Previous Sale Amount: $106,615
  • 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

53

Average Home Size

2221 ft²

Average Home Age

56.1 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: 4 months ago
Data Source: MLS PIN, MLS# 72208843

Frequently Asked Questions

When was property at 261 Forest Street built and last sold?
The property at 261 Forest Street was built in 1959 and last sold on Sep 14, 2017 for $369,900.
How much is this home worth?
The estimated value of the home located at 261 Forest Street is $382,719.
What are some comparable homes to 261 Forest Street?
There are currently no comparable homes to 261 Forest Street.
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