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Methuen Town 01844
394 Forest Street
$270,000
● House - Off Market

394 Forest Street

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,956 Ft²
$643,312
RealtyHop Estimate
129.84%
Since Dec 1, 2011
National-US
Primary Model

About This Property

Sought after West Methuen location sits this lovely 3-4 bedroom hip roof raised ranch offers kitchen, fireplaced living room, 3 bedrooms and lovely 3 season room that overlooks private wooded lot.  Lower level is finished with 3/4 bath, possible in-law, nice mature landscaping, garage under and situated on an acre lot!  Near Route 93.   & Marsh School!  Freshly painted living, hall and beautifu refinished wood floors thru out!
Unit Size
1,956 Ft²
Days on Market
-
Land Size
1.07 acres
Price per sqft
$143
Property Type
House
Property Taxes
$299
HOA Dues
-
Year Built
1964

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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: 4 months ago (MLSPIN #71251579)

Price History

Date / Event Date Event Price
Dec 1, 2011 Sold
Premium
Sold
Jun 20, 2011 Listed by Century 21 McLennan & Company $279,900
Listed by Century 21 McLennan & Company

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • 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: 7
  • Basement Area: 1,104
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 46,609
  • Total Building Area: 1,957
  • Gross Building Area: 2,456
  • Building Area: 1,957
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,957
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN 5268
  • Land Acres: 0000001070
  • 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: 252102

Zoning

  • Zoning: RB

Geography

  • Account Number: 14099
  • Parcel: METH M:00315 B:00129B L:00029E
  • Block: 129B
  • Lot: 29E
  • Municipality: METHUEN
  • Latitude: 42.7183
  • Longitude: -71.2236

    Address

  • Full Address: 394 Forest St
  • Address - House Number: 394
  • Address - Street Name: Forest
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: R012
  • 4-Digit Zip Code: 1938
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $567,100

    Appraisal Valuation

  • Standard Deviation: 0.1761
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 622,183
  • High Value: 731,765
  • Low Value: 512,601

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $484,700
  • Assessed Land Value: $224,000
  • Assessed Improvements Value: $260,700

    Sales

  • Current Sale Recording Date: Dec 01, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00000002
  • Previous Sale Recording Date: Jun 11, 2009
  • 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

$325

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2195 ft²

Average Home Age

55.4 years

Currently For Sale

69 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: 4 months ago
Data Source: MLS PIN, MLS# 71251579

Frequently Asked Questions

When was property at 394 Forest Street built and last sold?
The property at 394 Forest Street was built in 1964 and last sold on Jan 1, 1970 for $270,000.
How much is this home worth?
The estimated value of the home located at 394 Forest Street is $299,300.
What are some comparable homes to 394 Forest Street?
There are currently no comparable homes to 394 Forest Street.
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