For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Methuen Town 01844
3 Palermo St.
$415,000
● House - Off Market

3 Palermo St.

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,173 Ft²
$712,765
RealtyHop Estimate
69.75%
Since Jul 1, 2016
National-US
Primary Model

About This Property

This 2008 energy efficient and low maintenance home has been meticulously maintained by it's original owners and the house shows beautifully. Quiet street, nice flat yard, and lots of sunshine. Inside, there is a pleasant flow to the rooms, sort of an open concept. Elegant kitchen with black granite counters. Sunny deck of the breakfast area. Wonderful fireplaced family room with soaring ceiling and upper balcony office/play area. Master bedroom upstairs with en suite bathroom. Good size bedrooms. Pull-down attic stairs to store all the stuff. Basement has a fabulous 20 X 20 game room so the kids can all hang out. Roomy 2 car garage. Underground sprinklers. Central Air. Showings begin May 6.
Unit Size
2,173 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$193
Property Type
House
Property Taxes
$394
HOA Dues
-
Year Built
2008

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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 #71997092)

Price History

Date / Event Date Event Price
Apr 7, 2022 Sold
Premium
Sold
Jun 16, 2016 Sold
Premium
Sold
Apr 29, 2016 Listed by JB Associates Realty $419,900
Listed by JB Associates Realty
Sep 30, 2008 Sold
Premium
Sold

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 1,066
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,802
  • Total Building Area: 3,119
  • Gross Building Area: 4,843
  • Building Area: 3,119
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,119
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000294
  • 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: 12836
  • Parcel: METH M:01109 B:00078E L:00037
  • Block: 78E
  • Lot: 37
  • Municipality: METHUEN
  • Latitude: 42.7465
  • Longitude: -71.131

    Address

  • Full Address: 3 Palermo St
  • Address - House Number: 3
  • Address - Street Name: Palermo
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C031
  • 4-Digit Zip Code: 5826
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $644,100

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 94
  • Final Value: 657,775
  • High Value: 710,337
  • Low Value: 605,214

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $550,500
  • Assessed Land Value: $167,400
  • Assessed Improvements Value: $383,100

    Sales

  • Current Sale Contract Date: Apr 07, 2022
  • Current Sale Recording Date: Apr 07, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 126941
  • Previous Sale Recording Date: Jun 16, 2016
  • Previous Sale Amount: $415,000
  • 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

$327

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2193 ft²

Average Home Age

59.5 years

Currently For Sale

74 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# 71997092

Frequently Asked Questions

When was property at 3 Palermo Street built and last sold?
The property at 3 Palermo Street was built in 2008 and last sold on Apr 7, 2022 for $600,000.
How much is this home worth?
The estimated value of the home located at 3 Palermo Street is $440,771.
What are some comparable homes to 3 Palermo Street?
There are currently no comparable homes to 3 Palermo Street.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
Methuen Town Homes for Sale
Methuen Town Houses for Sale
Methuen Town Condos for Sale
Methuen Town Townhouses for Sale
Methuen Town Multifamily for Sale
Methuen Town Land for Sale
Methuen Town Commercial for Sale
Methuen Town Homes with Basements
Nearby Cities
Lowell Homes for Sale
Haverhill Homes for Sale
Lawrence Homes for Sale
Wilmington Homes for Sale
Derry Homes for Sale
Londonderry Homes for Sale
Andover Homes for Sale
Boxford Homes for Sale
Nearby Property Records
Essex County, MA Property Records
Middlesex County, MA Property Records
Rockingham County, NH Property Records
Hillsborough County, NH Property Records
Suffolk County, MA Property Records
Norfolk County, MA Property Records
Strafford County, NH Property Records
Worcester County, MA Property Records
Neighborhoods
Highlands Real Estate
Centralville Real Estate
Pawtucketville Real Estate
South Lowell Real Estate
Tower Hill Real Estate
Belvidere Real Estate
Prospect Hill - Back Bay Real Estate
Arlington Real Estate
Nearby Counties
Lowell Homes for Sale
Haverhill Homes for Sale
Lawrence Homes for Sale
Chelmsford Homes for Sale
Andover Homes for Sale
Billerica Homes for Sale
North Andover Homes for Sale
Dracut Homes for Sale
Top Real Estate Agents
Top Agents in Methuen Town
Top Agents in Lowell
Top Agents in Lowell
Top Agents in Haverhill
Top Agents in Haverhill
Top Agents in 01844
Top Agents in Lawrence
Top Agents in Lawrence