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Methuen Town 01844
3 Venice Rd
$524,000
● House - Off Market

3 Venice Rd

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,226 Ft²
$2,746
Est. Monthly

About This Property

Welcome to your dream home in Methuen's desirable west side! This corner-lot ranch features 3 bedrooms, 1 bath, and 1,226 SqFt of meticulously maintained living space. Recent updates include a modern kitchen, refreshed bathroom, and new flooring throughout. Enjoy the huge backyard and enclosed deck perfect for summer nights, along with 6 off-street parking spots for your convenience. With a newer water heater, furnace, and windows, this home is not only beautiful but also move-in ready. Plus, you're just minutes away from major highways and the vibrant amenities of Salem, NH.
Unit Size
1,226 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$400
Property Type
House
Property Taxes
$340
HOA Dues
-
Year Built
1920

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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 #73278749)

Price History

Date / Event Date Event Price
Oct 3, 2024 Sold
Premium
Sold
Aug 27, 2024 In contract -
In contract
Aug 19, 2024 Listed by Keller Williams Realty $489,900
Listed by Keller Williams Realty
Sep 21, 2018 No longer available -
No longer available
Sep 7, 2018 Relisted $289,900
Relisted
Show More

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • 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: 3
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • 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: 10,001
  • Total Building Area: 1,226
  • Gross Building Area: 2,026
  • Building Area: 1,226
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,226
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CANOBIEOLA HEIGHTS
  • Land Acres: 0000000230
  • 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: 252202

Zoning

  • Zoning: RD

Geography

  • Account Number: 5808
  • Parcel: METH M:00410 B:00126B L:00032
  • Block: 126B
  • Lot: 32
  • Municipality: METHUEN
  • Latitude: 42.7383
  • Longitude: -71.2169

    Address

  • Full Address: 3 Venice Rd
  • Address - House Number: 3
  • Address - Street Name: Venice
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Methuen
  • Carrier Code: C037
  • 4-Digit Zip Code: 1626
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $391,500

    Appraisal Valuation

  • Standard Deviation: 0.1816
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 440,994
  • High Value: 521,116
  • Low Value: 360,871

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $334,600
  • Assessed Land Value: $168,000
  • Assessed Improvements Value: $166,600

    Sales

  • Current Sale Recording Date: Jan 06, 2012
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Oct 06, 2011
  • Previous Sale Amount: $255,576
  • Previous Sale Document Type: 34
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

2192 ft²

Average Home Age

54.9 years

Currently For Sale

77 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

Unit for rent at 99 Cluff, Salem, 03079

$1,900 /mo

  • 2 Beds
  • 1 Bath
  • 661 ft²
99 Cluff #5, Salem, 03079 Listing by Debbie Collyns

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73278749

Frequently Asked Questions

When was property at 3 Venice Road built and last sold?
The property at 3 Venice Road was built in 1920 and last sold on Jan 1, 1970 for $121,000.
How much is this home worth?
The estimated value of the home located at 3 Venice Road is $483,831.
What are some comparable homes to 3 Venice Road?
There are currently no comparable homes to 3 Venice Road.
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