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Methuen Town 01844
3 Preston Street
$310,000
● House - Off Market

3 Preston Street

Methuen, MA 01844
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,118 Ft²
$405,404
RealtyHop Estimate
35.18%
Since Oct 1, 2020
National-US
Primary Model

About This Property

Great opportunity for first time home buyer or someone looking to downsize.  Affordable and charming ranch style home sits on level, pretty lot on dead end street.  Private, yet close to major highways, shopping, and Southern NH.  This two bedroom home has been in the same family for years and has been well maintained.  Vinyl siding, Replacement windows, Central Air, FHA gas fired heating and large 12X12 shed.  The flow works for the astute buyer.  Why rent or purchase a condo when you can own and live in this condo alternative.  Easy to show.
Unit Size
1,118 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$268
Property Type
House
Property Taxes
$277
HOA Dues
-
Year Built
1956

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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 #72704992)

Price History

Date / Event Date Event Price
Sep 16, 2020 Sold
Premium
Sold
Aug 6, 2020 Listed by RE/MAX Partners $299,900
Listed by RE/MAX Partners

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,300
  • Total Building Area: 1,118
  • Gross Building Area: 1,158
  • Building Area: 1,118
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,118
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000213
  • 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: 252300

Zoning

  • Zoning: RG

Geography

  • Account Number: 14272
  • Parcel: METH M:00514 B:00146 L:00012
  • Block: 146
  • Lot: 12
  • Municipality: METHUEN
  • Latitude: 42.7241
  • Longitude: -71.2008

    Address

  • Full Address: 3 Preston St
  • Address - House Number: 3
  • Address - Street Name: Preston
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C032
  • 4-Digit Zip Code: 2936
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $392,900
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1874
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 437,048
  • High Value: 518,979
  • Low Value: 355,117

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $335,800
  • Assessed Land Value: $166,300
  • Assessed Improvements Value: $169,500

    Sales

  • Current Sale Contract Date: Sep 15, 2020
  • Current Sale Recording Date: Sep 16, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 24782
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

53

Average Home Size

2191 ft²

Average Home Age

55.3 years

Currently For Sale

76 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: 4 months ago
Data Source: MLS PIN, MLS# 72704992

Frequently Asked Questions

When was property at 3 Preston Street built and last sold?
The property at 3 Preston Street was built in 1956 and last sold on Sep 15, 2020 for $310,000.
How much is this home worth?
The estimated value of the home located at 3 Preston Street is $309,537.
What are some comparable homes to 3 Preston Street?
There are currently no comparable homes to 3 Preston Street.
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