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Methuen Town 01844
3 Butternut Lane
Photo of 3 Butternut Lane

24

Map

Photo of 3 Butternut Lane
Photo of 3 Butternut Lane
$649,000
● House - In Contract

3 Butternut Lane

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,244 Ft²
$3,709
Est. Monthly

About This Property

Set in a prime West Side neighborhood with convenient access to I-93, this sun drenched Cape has been meticulously maintained and is truly move in ready. The home sits on a level, fenced half acre lot offering exceptional outdoor space, complete with a patio and garden bed along the side of the house. Inside, a welcoming mudroom connects the front and backyard and leads directly into the updated kitchen with plenty of storage and counter space. The main level features a spacious living room with a fireplace, dining room, one bedroom, and a full bath. Upstairs are two large front to back bedrooms with generous closet space and a second full bath. Pristine inside and out, this three bedroom, two bath home offers a fantastic opportunity in one of the West Side's most desirable neighborhoods.
Unit Size
2,244 Ft²
Days on Market
-
Land Size
0.54 acres
Price per sqft
$289
Property Type
House
Property Taxes
$522
HOA Dues
-
Year Built
1963

Listed By

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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: 2 months ago (MLSPIN #73565631)

Price History

Date / Event Date Event Price
Aug 30, 2026 In contract -
In contract
Aug 19, 2026 Listed by Compass $649,000
Listed by Compass
Jul 28, 2023 Sold
Premium
Sold
Jun 13, 2023 In contract -
In contract
Jun 8, 2023 Listed by Compass $530,000
Listed by Compass
Show More

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Has Open Parking
Parking Features: Attached, Paved, Off Street
Garage Spaces: 2
Open Parking Spaces: 4
Interior Details
Full Bathrooms: 2
Appliances: Gas Water Heater, Range, Dishwasher, Microwave, Refrigerator, Washer, Dryer
Flooring Type: Tile, Hardwood
Door Features: Insulated Doors
Laundry Features: In Basement, Washer Hookup
Rooms: 8
Has Fireplace
Fireplaces: 2
Basement: Unfinished
Exterior Details
Square Footage: 2244
Architectural Style: Cape
Year Built Source: Public Records
Year Built: 1963
Building Area Total: 2244
Building Area Units: Square Feet
Window Features: Insulated Windows, Storm Window(s)
Construction Materials: Frame
Patio and Porch Features: Patio
Lot Size Area: 0.54
Lot Size Units: Acres
Lot Size Acres: 0.54
Lot Size Square Feet: 23448
Water Source: Public
Financial Details
Tax Assessed Value: $602,100
Tax Annual Amount: $6,262
Utilities Details
Cooling Type: Ductless
Heating Type: Ductless
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 5
  • 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: 850
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,448
  • Total Building Area: 1,488
  • Gross Building Area: 3,386
  • Building Area: 1,488
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,488
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000538
  • 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: 6910
  • Parcel: METH M:00418 B:00129B L:00016E
  • Block: 129B
  • Lot: 16E
  • Municipality: METHUEN
  • Latitude: 42.7083
  • Longitude: -71.221

    Address

  • Full Address: 3 Butternut Ln
  • Address - House Number: 3
  • 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: $505,000

    Appraisal Valuation

  • Standard Deviation: 0.1773
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 545,614
  • High Value: 642,371
  • Low Value: 448,858

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $431,600
  • Assessed Land Value: $208,600
  • Assessed Improvements Value: $223,000

    Sales

  • Current Sale Contract Date: Jul 28, 2023
  • Current Sale Recording Date: Jul 28, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 12086
  • Previous Sale Recording Date: Oct 14, 2014
  • Previous Sale Amount: $298,000
  • Previous Sale Document Type: O

    Financing

  • First Mortgage Financing Type: ADJ
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

2195 ft²

Average Home Age

55.4 years

Currently For Sale

69 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: 2 months ago
Data Source: MLS PIN, MLS# 73565631

Frequently Asked Questions

When was property at 3 Butternut Lane built and last sold?
The property at 3 Butternut Lane was built in 1963 and last sold on Jul 28, 2023 for $581,000.
How much is this home worth?
The estimated value of the home located at 3 Butternut Lane is $663,256.
What are some comparable homes to 3 Butternut Lane?
There are currently no comparable homes to 3 Butternut Lane.
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