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Methuen Town 01844
316 Oak St.
$425,000
● House - Off Market

316 Oak St.

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,948 Ft²
$527,896
RealtyHop Estimate
27.20%
Since Mar 1, 2021
National-US
Primary Model

About This Property

Great opportunity to purchase this well laid out ranch in desirable East Methuen neighborhood that sits on a large 2.22 acre lot! This home features hardwood floors throughout, spacious living room with wood burning stove, a three season porch leading to a large eat in kitchen, attached garage, large driveway with parking for up to six vehicles, 3 large bedrooms and 2 full bathrooms with walk out basement and easy to maintain vinyl siding. Lower level could be used as living quarters, home office or in-law suite. Plenty of additional storage in basement with washer/dryer and washroom area. This property is ideally situated with easy access to all major highways, shopping and more. Don't let this one get away!!
Unit Size
1,948 Ft²
Days on Market
-
Land Size
2.22 acres
Price per sqft
$213
Property Type
House
Property Taxes
$381
HOA Dues
-
Year Built
1958

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 years ago (MLSPIN #72757788)

Price History

Date / Event Date Event Price
Feb 8, 2021 Sold
Premium
Sold
Nov 16, 2020 Listed by Century 21 North East $415,000
Listed by Century 21 North East

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 1958
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • 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: 7
  • Basement Area: 1,146
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 96,703
  • Total Building Area: 1,948
  • Gross Building Area: 2,736
  • Building Area: 1,948
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,948
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002220
  • 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: 252502

Zoning

  • Zoning: RC

Geography

  • Account Number: 12186
  • Parcel: METH M:01012 B:00082 L:00017E
  • Block: 82
  • Lot: 17E
  • Municipality: METHUEN
  • Latitude: 42.7394
  • Longitude: -71.1466

    Address

  • Full Address: 316 Oak St
  • Address - House Number: 316
  • Address - Street Name: Oak
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C048
  • 4-Digit Zip Code: 7412
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $515,900

    Appraisal Valuation

  • Standard Deviation: 0.1692
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 552,716
  • High Value: 646,289
  • Low Value: 459,143

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $440,900
  • Assessed Land Value: $230,100
  • Assessed Improvements Value: $210,800

    Sales

  • Current Sale Contract Date: Feb 05, 2021
  • Current Sale Recording Date: Feb 08, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 4448
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

52

Average Home Size

2184 ft²

Average Home Age

58.6 years

Currently For Sale

75 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: 5 years ago
Data Source: MLS PIN, MLS# 72757788

Frequently Asked Questions

When was property at 316 Oak Street built and last sold?
The property at 316 Oak Street was built in 1958 and last sold on Feb 5, 2021 for $425,000.
How much is this home worth?
The estimated value of the home located at 316 Oak Street is $0.
What are some comparable homes to 316 Oak Street?
There are currently no comparable homes to 316 Oak Street.
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