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Methuen Town 01844
40 Buco Ave
$490,000
● House - Off Market

40 Buco Ave

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,607 Ft²
$460,286
RealtyHop Estimate
2.31%
Since Aug 1, 2022
National-US
Primary Model

About This Property

Here is the home you have been waiting for; this property is a fit for all buyers!!! Single floor living for the down sizer, large master bedroom and 2 generously sized bedrooms for the growing family, and possibly a larger family with the massive basement that could be finished into a livable space. The yard is fenced in for the kids and the dogs and has a large deck to entertain for cookouts and family gatherings. This is an amazing commuter location with access to 93 and 495. Do not miss out on this one! Showing by appointment only
Unit Size
1,607 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$280
Property Type
House
Property Taxes
$351
HOA Dues
-
Year Built
1960

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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 #73000328)

Price History

Date / Event Date Event Price
Jul 28, 2022 Sold
Premium
Sold
Jun 20, 2022 Listed by LAER Realty Partners $449,900
Listed by LAER Realty Partners
May 1, 1996 Sold
Premium
Sold
Mar 1, 1996 Listed by LAER Realty Partners $109,900
Listed by LAER Realty Partners

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • 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: 1,247
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,063
  • Total Building Area: 1,607
  • Gross Building Area: 3,556
  • Building Area: 1,607
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,607
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: METHUEN
  • Land Acres: 0000000185
  • 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: 252501

Zoning

  • Zoning: RD

Geography

  • Account Number: 914
  • Parcel: METH M:01014 B:00104 L:00077H
  • Block: 104
  • Lot: 77H
  • Municipality: METHUEN
  • Latitude: 42.7235
  • Longitude: -71.1435

    Address

  • Full Address: 40 Buco Ave
  • Address - House Number: 40
  • Address - Street Name: Buco
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Methuen
  • Carrier Code: C019
  • 4-Digit Zip Code: 5946
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $446,700
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 503,089
  • High Value: 594,545
  • Low Value: 411,633

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $381,800
  • Assessed Land Value: $163,400
  • Assessed Improvements Value: $218,400

    Sales

  • Current Sale Contract Date: Jul 21, 2022
  • Current Sale Recording Date: Jul 28, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 17932
  • Previous Sale Recording Date: May 01, 1996
  • Previous Sale Amount: $108,000
  • 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

52

Average Home Size

2184 ft²

Average Home Age

60.6 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# 73000328

Frequently Asked Questions

When was property at 40 Buco Avenue built and last sold?
The property at 40 Buco Avenue was built in 1960 and last sold on Jul 21, 2022 for $490,000.
How much is this home worth?
The estimated value of the home located at 40 Buco Avenue is $447,388.
What are some comparable homes to 40 Buco Avenue?
There are currently no comparable homes to 40 Buco Avenue.
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