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Methuen Town 01844
41 Adams Avenue
$294,000
● House - Off Market

41 Adams Avenue

Methuen, MA 01844
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,322 Ft²
$324,807
RealtyHop Estimate
2.98%
Since Apr 1, 2022
National-US
Primary Model

About This Property

Wow! this home is on a dead end street! Corner, fenced in level  lot to enjoy any type of festivity or outing. This ranch offers endless possibilities and ideas to call it home and put your personal touches in it. It features a  handicap  ramp, forced hot water base board and central air. property sold "as is". Convenient to major highways, oceans, mountains, and Tax free new Hampshire.
Unit Size
1,322 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$239
Property Type
House
Property Taxes
$266
HOA Dues
-
Year Built
1930

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #72908948)

Price History

Date / Event Date Event Price
Mar 8, 2022 Sold
Premium
Sold
Oct 15, 2021 Listed by Connie Doto Realty Group $315,418
Listed by Connie Doto Realty Group

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,612
  • Total Building Area: 844
  • Gross Building Area: 1,322
  • Building Area: 844
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 844
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000198
  • 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: 252603

Zoning

  • Zoning: RA

Geography

  • Account Number: 10744
  • Parcel: METH M:00709 B:00068B L:00069
  • Block: 68B
  • Lot: 69
  • Municipality: METHUEN
  • Latitude: 42.7498
  • Longitude: -71.1747

    Address

  • Full Address: 41 Adams Ave
  • Address - House Number: 41
  • Address - Street Name: Adams
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Methuen
  • Carrier Code: C038
  • 4-Digit Zip Code: 2117
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $351,700
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.1767
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 374,008
  • High Value: 440,123
  • Low Value: 307,894

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $300,600
  • Assessed Land Value: $164,700
  • Assessed Improvements Value: $135,900

    Sales

  • Current Sale Contract Date: Mar 08, 2022
  • Current Sale Recording Date: Mar 08, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 5789
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

2190 ft²

Average Home Age

54.1 years

Currently For Sale

71 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# 72908948

Frequently Asked Questions

When was property at 41 Adams Avenue built and last sold?
The property at 41 Adams Avenue was built in 1930 and last sold on Mar 8, 2022 for $294,000.
How much is this home worth?
The estimated value of the home located at 41 Adams Avenue is $325,655.
What are some comparable homes to 41 Adams Avenue?
There are currently no comparable homes to 41 Adams Avenue.
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