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Methuen Town 01844
33 Richard Ave
$475,000
● House - Off Market

33 Richard Ave

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,814 Ft²
$468,014
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

This nicely decorated ranch features a fireplace living room, dining area, and kitchen, and three bedrooms. This ranch is ready for someone to move right in. There is a Farmers porch for some rest and relaxation and enjoy the peaceful surrounding. There is a fenced in shed for storage and a in-ground pool. Central air for those hot days. The basement is partially finished and is carpeted and has a bar for entertaining. Nicely manicured yard with a sprinkler system.
Unit Size
1,814 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$254
Property Type
House
Property Taxes
$402
HOA Dues
-
Year Built
1968

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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: 5 months ago (MLSPIN #73083595)

Price History

Date / Event Date Event Price
Apr 18, 2023 Sold
Premium
Sold
Mar 13, 2023 In contract -
In contract
Mar 5, 2023 In contract -
In contract
Mar 2, 2023 Listed by Yameen, L. J. Real Estate $460,000
Listed by Yameen, L. J. Real Estate

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • 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: 1,008
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 10,481
  • Total Building Area: 1,814
  • Gross Building Area: 2,172
  • Building Area: 1,814
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,814
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: METHUEN
  • Land Acres: 0000000241
  • 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: 252201

Zoning

  • Zoning: RD

Geography

  • Account Number: 3159
  • Parcel: METH M:00516 B:00152 L:00015E
  • Block: 152
  • Lot: 15E
  • Municipality: METHUEN
  • Latitude: 42.7127
  • Longitude: -71.2045

    Address

  • Full Address: 33 Richard Ave
  • Address - House Number: 33
  • Address - Street Name: Richard
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Methuen
  • Carrier Code: C021
  • 4-Digit Zip Code: 2826
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $483,000

    Appraisal Valuation

  • Standard Deviation: 0.1828
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 521,235
  • High Value: 616,527
  • Low Value: 425,942

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $412,800
  • Assessed Land Value: $169,200
  • Assessed Improvements Value: $243,600

    Sales

  • Current Sale Contract Date: Apr 14, 2023
  • Current Sale Recording Date: Apr 18, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 5581
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

2206 ft²

Average Home Age

55.2 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 73083595

Frequently Asked Questions

When was property at 33 Richard Avenue built and last sold?
The property at 33 Richard Avenue was built in 1968 and last sold on Apr 14, 2023 for $475,000.
How much is this home worth?
The estimated value of the home located at 33 Richard Avenue is $473,015.
What are some comparable homes to 33 Richard Avenue?
There are currently no comparable homes to 33 Richard Avenue.
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