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Methuen Town 01844
3 Bishop St
$335,000
● House - Off Market

3 Bishop St

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,337 Ft²
$501,433
RealtyHop Estimate
47.52%
Since Jun 1, 2019
National-US
Primary Model

About This Property

PRIDE OF OWNERSHIP describes this quaint meticulously cared for New Englander home with a welcoming front porch, beautiful gardens, grapevine draped pergola, nestled on over 10,000 sf lot.  So much character with natural wood mouldings, hardwood floors, and built ins, wood flooring under all carpets, vinyl replacement windows throughout. Sunfilled 1st level living room with large bow window, formal dining room, eat in kitchen, full bath, 1st floor laundry and pantry. Master bedroom has an 8 ft closet as well as a secondary closet, 2 more large bedrooms with roomy closets round out the 2nd floor. Dining room was previously used as a bedroom with a double closet, owner has double doors to separate from living room. Convenient location close to schools, shopping and major highways.
Unit Size
1,337 Ft²
Days on Market
-
Land Size
0.25 acres
Price per sqft
$254
Property Type
House
Property Taxes
$295
HOA Dues
-
Year Built
1930

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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 #72477960)

Price History

Date / Event Date Event Price
May 15, 2019 Sold
Premium
Sold
Apr 6, 2019 Listed by Coco, Early & Associates $339,900
Listed by Coco, Early & Associates
Dec 16, 1991 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 1
  • 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: 760
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,899
  • Total Building Area: 1,337
  • Gross Building Area: 3,299
  • Building Area: 1,337
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,337
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000250
  • 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: 252502

Zoning

  • Zoning: RD

Geography

  • Account Number: 4221
  • Parcel: METH M:01014 B:00100 L:00037
  • Block: 100
  • Lot: 37
  • Municipality: METHUEN
  • Latitude: 42.7294
  • Longitude: -71.1495

    Address

  • Full Address: 3 Bishop St
  • Address - House Number: 3
  • Address - Street Name: Bishop
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C048
  • 4-Digit Zip Code: 5415
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $422,300

    Appraisal Valuation

  • Standard Deviation: 0.1874
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 472,701
  • High Value: 561,316
  • Low Value: 384,087

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $360,900
  • Assessed Land Value: $170,200
  • Assessed Improvements Value: $190,700

    Sales

  • Current Sale Contract Date: May 10, 2019
  • Current Sale Recording Date: May 15, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 10589
  • Previous Sale Recording Date: Dec 16, 1991
  • Previous Sale Amount: $29,000
  • 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

$325

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2235 ft²

Average Home Age

55.5 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72477960

Frequently Asked Questions

When was property at 3 Bishop Street built and last sold?
The property at 3 Bishop Street was built in 1930 and last sold on May 10, 2019 for $335,000.
How much is this home worth?
The estimated value of the home located at 3 Bishop Street is $348,607.
What are some comparable homes to 3 Bishop Street?
There are currently no comparable homes to 3 Bishop Street.
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