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Methuen Town 01844
3 Dedham St
$585,000
● House - Off Market

3 Dedham St

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,980 Ft²
$562,594
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Move in ready Colonial with 2 car attached garage and many recent updates awaits the new owner!  Light and bright new kitchen with gorgeous white cabinetry, center island, new appliances, recessed lighting, and granite countertops opens to spacious dining area. The main level offers all new vinyl plank flooring, full bath with laundry, spacious living room, a bedroom, and a home office.  The upper level has 3 bedrooms all with new carpets and a gorgeous full bath with classic subway tile surround.  Recent updates include flooring, kitchen, baths, electrical, plumbing, hot water tank,  garage doors, freshly painted throughout, new trim and interior doors. Great location close to highways.
Unit Size
1,980 Ft²
Days on Market
-
Land Size
0.36 acres
Price per sqft
$278
Property Type
House
Property Taxes
$433
HOA Dues
-
Year Built
1940

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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 #72999851)

Price History

Date / Event Date Event Price
Jul 25, 2022 Sold
Premium
Sold
Jun 17, 2022 Listed by RE/MAX Insight $549,900
Listed by RE/MAX Insight
Sep 9, 2021 Sold
Premium
Sold
Aug 3, 2021 Listed by RE/MAX Insight $399,000
Listed by RE/MAX Insight

Property Highlights

Parking Available
Garage

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 2022
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 1,034
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,882
  • Total Building Area: 1,980
  • Gross Building Area: 3,873
  • Building Area: 1,980
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,980
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000365
  • 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: 7205
  • Parcel: METH M:01113 B:00109U L:00001
  • Block: 109U
  • Lot: 1
  • Municipality: METHUEN
  • Latitude: 42.728
  • Longitude: -71.13

    Address

  • Full Address: 3 Dedham St
  • Address - House Number: 3
  • Address - Street Name: Dedham
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C040
  • 4-Digit Zip Code: 6103
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $595,100
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 94
  • Final Value: 414,619
  • High Value: 447,751
  • Low Value: 381,488

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $508,600
  • Assessed Land Value: $182,100
  • Assessed Improvements Value: $326,500

    Sales

  • Current Sale Contract Date: Jul 25, 2022
  • Current Sale Recording Date: Jul 25, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 17698
  • Previous Sale Recording Date: Sep 09, 2021
  • Previous Sale Contract Date: Sep 08, 2021
  • Previous Sale Amount: $475,000
  • 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

$326

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: 4 months ago
Data Source: MLS PIN, MLS# 72999851

Frequently Asked Questions

When was property at 3 Dedham Street built and last sold?
The property at 3 Dedham Street was built in 1940 and last sold on Jul 25, 2022 for $585,000.
How much is this home worth?
The estimated value of the home located at 3 Dedham Street is $560,355.
What are some comparable homes to 3 Dedham Street?
There are currently no comparable homes to 3 Dedham Street.
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