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Methuen Town 01844
27 Butternut Lane
$590,000
● House - Off Market

27 Butternut Lane

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,428 Ft²
$3,120
Est. Monthly

About This Property

Discover the allure of this cape-style home, situated in a highly sought-after neighborhood. Embrace the potential of this home, offering a generous yard and an oversized garage with space for two cars and additional storage. Enjoy outdoor gatherings on the expansive deck. The first floor features an eat-in kitchen, a welcoming living room with a wood stove and a large picture window, a full bath with a glass shower door, a bedroom, and a den that could easily serve as a first-floor office. Upstairs feature two generously sized front-to-back bedrooms and a full bath, providing a comfortable living space. With its well-loved character and poised for your personal touches, this home presents an opportunity to create a space that reflects your unique style and preferences.
Unit Size
1,428 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$385
Property Type
House
Property Taxes
$419
HOA Dues
-
Year Built
1963

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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 #73187544)

Price History

Date / Event Date Event Price
Jan 23, 2024 Sold
Premium
Sold
Dec 22, 2023 In contract -
In contract
Dec 14, 2023 Listed by Century 21 McLennan & Company $549,900
Listed by Century 21 McLennan & Company

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • 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: 816
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,151
  • Total Building Area: 1,428
  • Gross Building Area: 2,658
  • Building Area: 1,428
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,428
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000463
  • 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: 252102

Zoning

  • Zoning: RB

Geography

  • Account Number: 14105
  • Parcel: METH M:00316 B:00129B L:00016Q
  • Block: 129B
  • Lot: 16Q
  • Municipality: METHUEN
  • Latitude: 42.7092
  • Longitude: -71.2229

    Address

  • Full Address: 27 Butternut Ln
  • Address - House Number: 27
  • Address - Street Name: Butternut
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Methuen
  • Carrier Code: C030
  • 4-Digit Zip Code: 1912
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $503,100

    Appraisal Valuation

  • Standard Deviation: 0.171
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 94
  • Final Value: 565,863
  • High Value: 611,295
  • Low Value: 520,431

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $430,000
  • Assessed Land Value: $200,400
  • Assessed Improvements Value: $229,600

    Sales

  • Current Sale Contract Date: Jan 19, 2024
  • Current Sale Recording Date: Jan 23, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1081
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

53

Average Home Size

2203 ft²

Average Home Age

52.9 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: 4 months ago
Data Source: MLS PIN, MLS# 73187544

Frequently Asked Questions

When was property at 27 Butternut Lane built and last sold?
The property at 27 Butternut Lane was built in 1963 and last sold on Jan 19, 2024 for $590,000.
How much is this home worth?
The estimated value of the home located at 27 Butternut Lane is $555,264.
What are some comparable homes to 27 Butternut Lane?
There are currently no comparable homes to 27 Butternut Lane.
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