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Methuen Town 01844
28 Varnum Ave.
$355,000
● House - Off Market

28 Varnum Ave.

Methuen, MA 01844
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,726 Ft²
$486,257
RealtyHop Estimate
36.97%
Since Sep 1, 2020
National-US
Primary Model

About This Property

The Never Ending Appeal To A Great Deal!  Come see for yourself, 28 Varnum Ave.  Featuring......Nice level lot with pretty perennials, partial fencing, and an updated deck for outdoor dining!  Located on a quiet side street minutes from all major highways (Rt. 495, 113/110, & 213) making this a commuter's dream!  Noteworthy;  Nicely Maintained, A/C Wall Unit, Ceiling Fans, Stainless Steel Appliances, Updated Water Heater, Updated Bath, 3 Zone Heat and a Finished Lower Level with Walk-Out, Daylight Windows and plumbed for a half bath which makes for many possibilities!  Serviced by public water, public sewer and lots of nearby amenities. SWEET!
Unit Size
1,726 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$206
Property Type
House
Property Taxes
$337
HOA Dues
-
Year Built
1986

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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 #72682609)

Price History

Date / Event Date Event Price
Aug 5, 2020 Sold
Premium
Sold
Jun 29, 2020 Listed by Berkshire Hathaway HomeServices Verani Realty $355,000
Listed by Berkshire Hathaway HomeServices Verani Realty
Dec 14, 2007 Sold
Premium
Sold
Oct 12, 2007 Listed by Berkshire Hathaway HomeServices Verani Realty $269,000
Listed by Berkshire Hathaway HomeServices Verani Realty
Mar 29, 2002 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • 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: 7
  • Basement Area: 1,134
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,718
  • Total Building Area: 1,176
  • Gross Building Area: 2,486
  • Building Area: 1,176
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 1,176
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000108
  • 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: 252601

Zoning

  • Zoning: RD

Geography

  • Account Number: 4967
  • Parcel: METH M:01111 B:00109M L:00002
  • Block: 109M
  • Lot: 2
  • Municipality: METHUEN
  • Latitude: 42.7338
  • Longitude: -71.1329

    Address

  • Full Address: 28 Varnum Ave
  • Address - House Number: 28
  • Address - Street Name: Varnum
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Methuen
  • Carrier Code: C044
  • 4-Digit Zip Code: 6333
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $471,400

    Appraisal Valuation

  • Standard Deviation: 0.249
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 466,053
  • High Value: 582,127
  • Low Value: 349,979

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $402,900
  • Assessed Land Value: $155,300
  • Assessed Improvements Value: $247,600

    Sales

  • Current Sale Contract Date: Aug 05, 2020
  • Current Sale Recording Date: Aug 05, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20124
  • Previous Sale Recording Date: Dec 14, 2007
  • Previous Sale Amount: $265,000
  • 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

$327

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2157 ft²

Average Home Age

54.7 years

Currently For Sale

73 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: 5 months ago
Data Source: MLS PIN, MLS# 72682609

Frequently Asked Questions

When was property at 28 Varnum Avenue built and last sold?
The property at 28 Varnum Avenue was built in 1986 and last sold on Aug 5, 2020 for $355,000.
How much is this home worth?
The estimated value of the home located at 28 Varnum Avenue is $368,389.
What are some comparable homes to 28 Varnum Avenue?
There are currently no comparable homes to 28 Varnum Avenue.
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