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Methuen Town 01844
27 Elane Ave Lot 29 B
$599,900
● House - Off Market

27 Elane Ave Lot 29 B

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,432 Ft²
$821,705
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model

About This Property

Looking for new construction with 4 bedrooms 2.5 baths under 600k? Come take a look at the quality construction and fine finishes at 27 Elane Ave. Gorgeous kitchen with large granite island, stainless appliances, pantry and slider to composite deck with maintenance free vinyl railings. Great family room with fireplace. Dining room is complete with wainscoting. 2nd floor consists of 3 bedrooms, 2 baths and a laundry. Master bedroom has master bath and large walk in closet. 4th bedroom is located on the 3rd level with additional storage space or convert to living space. Lower level could also be used for storage or additional living space. Minutes to Merrimack Valley golf course and close to Rte's 93, 495 and 213. Virtual tour for this listing is of number 30 Ferncroft Court.
Unit Size
2,432 Ft²
Days on Market
-
Land Size
0.47 acres
Price per sqft
$247
Property Type
House
Property Taxes
$833
HOA Dues
-
Year Built
2020

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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 #72648061)

Price History

Date / Event Date Event Price
Aug 17, 2020 Sold
Premium
Sold
Apr 27, 2020 Listed by RE/MAX 360 $599,900
Listed by RE/MAX 360
Apr 26, 2019 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2020
  • Effective Year Built: 2020
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,444
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,425
  • Total Building Area: 2,472
  • Gross Building Area: 5,084
  • Building Area: 2,472
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,472
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAPLE PARK
  • Land Acres: 0000000469
  • 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: 252602

Zoning

  • Zoning: RR

Geography

  • Account Number: 7434
  • Parcel: METH M:00806 B:00074 L:00029
  • Block: 74
  • Lot: 29
  • Municipality: METHUEN
  • Latitude: 42.7698
  • Longitude: -71.1651

    Address

  • Full Address: 27 Elane Ave
  • Address - House Number: 27
  • Address - Street Name: Elane
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Methuen
  • Carrier Code: R009
  • 4-Digit Zip Code: 1204
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $819,100

    Appraisal Valuation

  • Standard Deviation: 0.1254
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 80
  • Final Value: 841,531
  • High Value: 974,454
  • Low Value: 708,607

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $700,100
  • Assessed Land Value: $193,000
  • Assessed Improvements Value: $507,100

    Sales

  • Current Sale Contract Date: Aug 17, 2020
  • Current Sale Recording Date: Aug 17, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 21339
  • Previous Sale Recording Date: Apr 26, 2019
  • Previous Sale Contract Date: Apr 26, 2019
  • Previous Sale Amount: $52,500
  • 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

$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

Unit for rent at 387 Main, Salem, 03079

$2,400 /mo

  • 1 Bed
  • 1,000 ft²
387 Main #1, Salem, 03079 Listing by Daniel Mendonca

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72648061

Frequently Asked Questions

When was property at 27 Elane Avenue built and last sold?
The property at 27 Elane Avenue was built in 2020 and last sold on Aug 17, 2020 for $599,900.
How much is this home worth?
The estimated value of the home located at 27 Elane Avenue is $613,677.
What are some comparable homes to 27 Elane Avenue?
There are currently no comparable homes to 27 Elane Avenue.
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