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Methuen Town 01844
40 Baremeadow St
$370,000
● House - Off Market

40 Baremeadow St

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,229 Ft²
$484,831
RealtyHop Estimate
24.35%
Since Apr 1, 2021
National-US
Primary Model

About This Property

DON'T MISS this adorable 3-bedroom cape/bungalow with infinite potential located in the beautiful scenic part of East Methuen.  This 3-bedroom sits on approximately 3/4 acre surrounded by trees and gorgeous nature.  Main floor has a galley style kitchen with large sunlit open dining space that overlooks the spacious backyard. The living room and family room have beautiful hardwood floors and old world-built ins that can be scene through old-fashioned french doors.  Second floor has 3 very good-sized bedrooms all with hardwood flooring.  Home will have a brand new 3-bedroom septic installed before closing.  New owners will be sure to give it their own personal touch and enjoy amazing views from all angles of this quaint home.  The potential is endless.
Unit Size
1,229 Ft²
Days on Market
-
Land Size
0.59 acres
Price per sqft
$317
Property Type
House
Property Taxes
$348
HOA Dues
-
Year Built
1900

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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 #72777529)

Price History

Date / Event Date Event Price
Mar 26, 2021 Sold
Premium
Sold
Jan 21, 2021 Listed by EXIT Premier Real Estate $389,900
Listed by EXIT Premier Real Estate

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 900
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 25,648
  • Total Building Area: 1,229
  • Gross Building Area: 3,002
  • Building Area: 1,229
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,229
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000589
  • 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: 12338
  • Parcel: METH M:01012 B:00082 L:00009
  • Block: 82
  • Lot: 9
  • Municipality: METHUEN
  • Latitude: 42.7344
  • Longitude: -71.1479

    Address

  • Full Address: 40 Baremeadow St
  • Address - House Number: 40
  • Address - Street Name: Baremeadow
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C048
  • 4-Digit Zip Code: 5206
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $465,700

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 473,182
  • High Value: 559,201
  • Low Value: 387,163

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $398,000
  • Assessed Land Value: $205,600
  • Assessed Improvements Value: $192,400

    Sales

  • Current Sale Contract Date: Mar 26, 2021
  • Current Sale Recording Date: Mar 26, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 10048
  • Previous Sale Recording Date: Apr 17, 2018
  • 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: 5 years ago
Data Source: MLS PIN, MLS# 72777529

Frequently Asked Questions

When was property at 40 Baremeadow Street built and last sold?
The property at 40 Baremeadow Street was built in 1900 and last sold on Mar 26, 2021 for $370,000.
How much is this home worth?
The estimated value of the home located at 40 Baremeadow Street is $0.
What are some comparable homes to 40 Baremeadow Street?
There are currently no comparable homes to 40 Baremeadow Street.
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