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Methuen Town 01844
331 Merrimack St
Photo of 331 Merrimack St
Sold on Oct 10, 2025

29

Map

Photo of 331 Merrimack St
Photo of 331 Merrimack St
$655,000
● House - Off Market

331 Merrimack St

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,468 Ft²
$3,716
Est. Monthly
4.39%
Cap Rate

About This Property

Excellent opportunity to live and work out of your home. Features 3 bedrooms, 2 full baths with lots of upgrades. Gleaming hardwood floors greet you as you enter. Newer windows throughout, new appliances, new flooring in the pantry and kitchen and new wall to wall carpet in the bedroom and hall area. Mudroom as you enter through the side door, front porch as well. The oversized 2-car garage has power and a compressor. New vinyl fencing. Possible Redevelopment opportunity. Please check with the Town of Methuen. High traffic area on a corner lot with room to expand.  Buyers & their agents to do own due diligence.
Unit Size
1,468 Ft²
Days on Market
-
Land Size
0.40 acres
Price per sqft
$443
Property Type
House
Property Taxes
$524
HOA Dues
-
Year Built
1900

Payment Calculator

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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: 2 years ago (MLSPIN #73405127)

Price History

Date / Event Date Event Price
Oct 10, 2025 Sold
Premium
Sold
Aug 20, 2025 In contract -
In contract
Jul 16, 2025 Listed by Diamond Key Real Estate $650,000
Listed by Diamond Key Real Estate
Sep 15, 2021 Sold
Premium
Sold
Jul 21, 2021 Listed by Diamond Key Real Estate $499,900
Listed by Diamond Key Real Estate
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 31
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 6
  • Roof Cover Type: 8
  • Floor Count: 200
  • Living Units: 2
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 734
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,542
  • Total Building Area: 1,468
  • Gross Building Area: 2,320
  • Building Area: 1,468
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,468
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000403
  • Standard Land Use Code: 1101
  • County Land Use Code: 104

Neighborhood

  • School District Name: Methuen School District
  • School Tax School District: METHUEN SD
  • Census Tract: 252601

Zoning

  • Zoning: BN

Geography

  • Account Number: 971
  • Parcel: METH M:01111 B:00110A L:00063
  • Block: 110A
  • Lot: 63
  • Municipality: METHUEN
  • Latitude: 42.7441
  • Longitude: -71.1303

    Address

  • Full Address: 331 Merrimack St
  • Address - House Number: 331
  • Address - Street Name: Merrimack
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C031
  • 4-Digit Zip Code: 6531
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $559,700

    Appraisal Valuation

  • Standard Deviation: 0.1772
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 554,914
  • High Value: 653,267
  • Low Value: 456,561

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $478,400
  • Assessed Land Value: $162,800
  • Assessed Improvements Value: $315,600

    Sales

  • Current Sale Contract Date: Sep 13, 2021
  • Current Sale Recording Date: Sep 15, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 30814
  • Previous Sale Recording Date: Mar 26, 2002
  • Previous Sale Amount: $180,000
  • 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

$327

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2168 ft²

Average Home Age

56.3 years

Currently For Sale

66 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: 2 years ago
Data Source: MLS PIN, MLS# 73405127

Frequently Asked Questions

When was property at 331 Merrimack Street built and last sold?
The property at 331 Merrimack Street was built in 1900 and last sold on Sep 13, 2021 for $500,000.
How much is this home worth?
The estimated value of the home located at 331 Merrimack Street is $0.
What are some comparable homes to 331 Merrimack Street?
There are currently no comparable homes to 331 Merrimack Street.
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