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Methuen Town 01844
4 Reuter Place
$285,000
● House - Off Market

4 Reuter Place

Methuen, MA 01844
bedrooms
2 Beds
bathrooms
1 Bath
square feet
660 Ft²
$302,225
RealtyHop Estimate
0.78%
Since Jun 1, 2023
National-US
Primary Model

About This Property

Newly refreshed with flooring and paint and priced to sell!.......  Come see this adorable, East-Methuen bungalow ready for your touch. Situated on a dead-end street, this perfect condo alternative offers a beautiful front porch to spend your evenings on. Living room opens to kitchen with pantry. All situated on a large level lot. Make this your next home in time for Spring!
Unit Size
660 Ft²
Days on Market
-
Land Size
0.41 acres
Price per sqft
$454
Property Type
House
Property Taxes
$259
HOA Dues
-
Year Built
1920

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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 months ago (MLSPIN #73068940)

Price History

Date / Event Date Event Price
May 2, 2023 Sold
Premium
Sold
Mar 10, 2023 In contract -
In contract
Mar 7, 2023 Relisted $299,900
Relisted
Mar 7, 2023 No longer available -
No longer available
Feb 25, 2023 Relisted $299,900
Relisted
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • 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: 660
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,851
  • Total Building Area: 660
  • Gross Building Area: 1,494
  • Building Area: 660
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 660
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000410
  • 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: RD

Geography

  • Account Number: 6189
  • Parcel: METH M:00914 B:00100 L:00046
  • Block: 100
  • Lot: 46
  • Municipality: METHUEN
  • Latitude: 42.7272
  • Longitude: -71.1503

    Address

  • Full Address: 4 Reuter Pl
  • Address - House Number: 4
  • Address - Street Name: Reuter
  • Address - Suffix Type: Pl
  • State: MA
  • City Name: Methuen
  • Carrier Code: C026
  • 4-Digit Zip Code: 5438
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $320,300
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1738
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 340,558
  • High Value: 399,774
  • Low Value: 281,342

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $273,800
  • Assessed Land Value: $168,200
  • Assessed Improvements Value: $105,600

    Sales

  • Current Sale Contract Date: May 02, 2023
  • Current Sale Recording Date: May 02, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 6523
  • Previous Sale Recording Date: Sep 19, 1988
  • Previous Sale Amount: $95,000
  • 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

2193 ft²

Average Home Age

59.5 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: 5 months ago
Data Source: MLS PIN, MLS# 73068940

Frequently Asked Questions

When was property at 4 Reuter Place built and last sold?
The property at 4 Reuter Place was built in 1920 and last sold on May 2, 2023 for $285,000.
How much is this home worth?
The estimated value of the home located at 4 Reuter Place is $299,780.
What are some comparable homes to 4 Reuter Place?
There are currently no comparable homes to 4 Reuter Place.
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