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Methuen Town 01844
31 Locust Road
$305,000
● House - Off Market

31 Locust Road

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,600 Ft²
$522,108
RealtyHop Estimate
68.48%
Since Dec 1, 2016
National-US
Primary Model

About This Property

Entertain on your inviting front patio with wood pergola, entrance into a cozy sunroom, front to back living room with fireplace, Granite in Kitchen w/SS Appliances and breakfast nook, cute country kitchen.  Enjoy holidays in your bay windowed dining room, roam down the hall to bedrooms, hardwood flooring through out this lovely home. All this and more potential in-law featuring bedroom suite, bath with ceramic tile shower, huge walk in closet and washer/dryer hook ups for that older child or visitors.  Attic with plenty of storage. Oversized garage to large mud room with door access to side yard or into kitchen. Full basement with high ceiling, plenty of storage space and walk out to a fenced in yard. Come view this lovely house and make it YOUR home.  TRULY A MUST SEE PROPERTY.
Unit Size
1,600 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$194
Property Type
House
Property Taxes
$290
HOA Dues
-
Year Built
1930

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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 #72064650)

Price History

Date / Event Date Event Price
Nov 3, 2016 Sold
Premium
Sold
Sep 8, 2016 Listed by The Guselli Agency, Inc. $309,900
Listed by The Guselli Agency, Inc.
Oct 25, 2002 Sold
Premium
Sold
Aug 9, 2002 Listed by The Guselli Agency, Inc. $279,900
Listed by The Guselli Agency, Inc.

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,241
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,100
  • Total Building Area: 1,401
  • Gross Building Area: 3,171
  • Building Area: 1,401
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,401
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000209
  • 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: 252400

Zoning

  • Zoning: RG

Geography

  • Account Number: 353
  • Parcel: METH M:00714 B:00039 L:00005A
  • Block: 39
  • Lot: 5A
  • Municipality: METHUEN
  • Latitude: 42.7259
  • Longitude: -71.1771

    Address

  • Full Address: 31 Locust Rd
  • Address - House Number: 31
  • Address - Street Name: Locust
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Methuen
  • Carrier Code: C020
  • 4-Digit Zip Code: 4408
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $499,900

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 533,925
  • High Value: 630,987
  • Low Value: 436,864

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $427,300
  • Assessed Land Value: $158,900
  • Assessed Improvements Value: $268,400

    Sales

  • Current Sale Recording Date: Nov 03, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 29364
  • Previous Sale Recording Date: Oct 25, 2002
  • Previous Sale Amount: $227,900
  • Previous Sale Document Type: 27
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

53

Average Home Size

2221 ft²

Average Home Age

56.1 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: 4 months ago
Data Source: MLS PIN, MLS# 72064650

Frequently Asked Questions

When was property at 31 Locust Road built and last sold?
The property at 31 Locust Road was built in 1930 and last sold on Jan 1, 1970 for $305,000.
How much is this home worth?
The estimated value of the home located at 31 Locust Road is $323,272.
What are some comparable homes to 31 Locust Road?
There are currently no comparable homes to 31 Locust Road.
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