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Methuen Town 01844
272 Forest St
$500,000
● House - Off Market

272 Forest St

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,547 Ft²
$449,900
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

Recently renovated Cape Cod-style home, ideally situated in a prime location. This residence boasts generously sized rooms that offer ample space for your needs. The entire interior has been tastefully updated, featuring gleaming hardwood floors and a stunning modern kitchen. Additionally, there's a convenient one-car garage underneath, and a spacious deck to enjoy outdoor living.
Unit Size
1,547 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$291
Property Type
House
Property Taxes
$400
HOA Dues
-
Year Built
1961

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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 #73164121)

Price History

Date / Event Date Event Price
Nov 14, 2023 Sold
Premium
Sold
Oct 3, 2023 In contract -
In contract
Sep 27, 2023 Listed by eXp Realty $449,900
Listed by eXp Realty
Jun 15, 2020 Sold
Premium
Sold
Apr 30, 2020 Listed by eXp Realty $410,000
Listed by eXp Realty
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 884
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,026
  • Total Building Area: 1,547
  • Gross Building Area: 3,042
  • Building Area: 1,547
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,547
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000207
  • 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: 5727
  • Parcel: METH M:00416 B:00129B L:00022B
  • Block: 129B
  • Lot: 22B
  • Municipality: METHUEN
  • Latitude: 42.7127
  • Longitude: -71.2191

    Address

  • Full Address: 272 Forest St
  • Address - House Number: 272
  • Address - Street Name: Forest
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: R012
  • 4-Digit Zip Code: 2308
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $480,100

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 94
  • Final Value: 468,073
  • High Value: 505,476
  • Low Value: 430,670

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $410,300
  • Assessed Land Value: $165,700
  • Assessed Improvements Value: $244,600

    Sales

  • Current Sale Contract Date: Nov 14, 2023
  • Current Sale Recording Date: Nov 14, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 18889
  • Previous Sale Recording Date: Jun 15, 2020
  • Previous Sale Contract Date: Jun 11, 2020
  • Previous Sale Amount: $410,000
  • 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

$325

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2191 ft²

Average Home Age

55.3 years

Currently For Sale

76 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73164121

Frequently Asked Questions

When was property at 272 Forest Street built and last sold?
The property at 272 Forest Street was built in 1961 and last sold on Nov 14, 2023 for $500,000.
How much is this home worth?
The estimated value of the home located at 272 Forest Street is $458,791.
What are some comparable homes to 272 Forest Street?
There are currently no comparable homes to 272 Forest Street.
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