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Methuen Town 01844
401 Forest Street
$367,000
● House - Off Market

401 Forest Street

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,412 Ft²
$511,907
RealtyHop Estimate
47.52%
Since Jun 1, 2019
National-US
Primary Model

About This Property

This wonderful cape style home is the epitome of "move in ready"! From the welcoming entrance to the spacious living room, the main level is open concept and drenched in light! The updated kitchen with cherry cabinets and granite counters is accented with a beautiful tile back splash. The sunken master bedroom with cathedral ceilings boasts 2 closets, dressing area and an additional sitting room. A large full bathroom off of the kitchen completes the first level. Two additional bedrooms with hardwood floors and another full bath are off of the landing on the second floor. Electrical panel has a generator hookup available. The flat open yard has two storage sheds and a fenced in area. A must see!
Unit Size
1,412 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$246
Property Type
House
Property Taxes
$315
HOA Dues
-
Year Built
1940

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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 #72459840)

Price History

Date / Event Date Event Price
May 21, 2019 Sold
Premium
Sold
Mar 4, 2019 Listed by Coldwell Banker Residential Brokerage - Chelmsford $347,000
Listed by Coldwell Banker Residential Brokerage - Chelmsford
Jun 26, 2015 Sold
Premium
Sold
May 5, 2015 Listed by Coldwell Banker Residential Brokerage - Chelmsford $284,900
Listed by Coldwell Banker Residential Brokerage - Chelmsford
May 31, 2006 Sold
Premium
Sold
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 288
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 20,059
  • Total Building Area: 1,532
  • Gross Building Area: 2,240
  • Building Area: 1,532
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,532
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000460
  • 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: 252201

Zoning

  • Zoning: RB

Geography

  • Account Number: 7224
  • Parcel: METH M:00414 B:00131 L:00058
  • Block: 131
  • Lot: 58
  • Municipality: METHUEN
  • Latitude: 42.7182
  • Longitude: -71.2221

    Address

  • Full Address: 401 Forest St
  • Address - House Number: 401
  • Address - Street Name: Forest
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: R012
  • 4-Digit Zip Code: 1935
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $461,800

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 514,757
  • High Value: 608,333
  • Low Value: 421,180

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $394,700
  • Assessed Land Value: $192,100
  • Assessed Improvements Value: $202,600

    Sales

  • Current Sale Contract Date: May 21, 2019
  • Current Sale Recording Date: May 21, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 10987
  • Previous Sale Recording Date: Jun 26, 2015
  • Previous Sale Amount: $284,900
  • Previous Sale Document Type: O
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

2235 ft²

Average Home Age

55.5 years

Currently For Sale

73 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: 4 months ago
Data Source: MLS PIN, MLS# 72459840

Frequently Asked Questions

When was property at 401 Forest Street built and last sold?
The property at 401 Forest Street was built in 1940 and last sold on May 21, 2019 for $367,000.
How much is this home worth?
The estimated value of the home located at 401 Forest Street is $355,346.
What are some comparable homes to 401 Forest Street?
There are currently no comparable homes to 401 Forest Street.
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