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Methuen Town 01844
415 Forest Street
$351,500
● House - Off Market

415 Forest Street

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,744 Ft²
$471,482
RealtyHop Estimate
52.14%
Since Jan 1, 2019
National-US
Primary Model

About This Property

Desirable Marsh School District location on a large nearly 1/2 acre, flat "corner" lot. Commuters dream minutes from highways, shopping, restaurants. This open, light, bright home features hardwood floors, fireplaced living room, eat in kitchen that opens to 3 season glass sun porch. Two spacious bedrooms on main level w/ hardwood floors good size double closets, renovated full bath w/ corian double vanity & newer cabinetry. Walk out lower level has 3rd bedroom w/ double closets, renovated laundry room w/ sink & utility closet, renovated half bath & mudroom area, 1 car garage under w/ workbenches & shelving.. 5 year new hot water tank. Many newer replacement windows & new floors.  Bring your ideas for cosmetic updates to kitchen & some overall TLC. Highest and best offers due Monday 11/5 @ 5PM.
Unit Size
1,744 Ft²
Days on Market
-
Land Size
0.47 acres
Price per sqft
$178
Property Type
House
Property Taxes
$351
HOA Dues
-
Year Built
1970

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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 #72417696)

Price History

Date / Event Date Event Price
Dec 14, 2018 Sold
Premium
Sold
Oct 31, 2018 Listed by RE/MAX On The River, Inc. $309,900
Listed by RE/MAX On The River, Inc.
Aug 10, 2005 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 42
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,118
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 20,390
  • Total Building Area: 1,118
  • Gross Building Area: 2,428
  • Building Area: 1,118
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,118
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000468
  • 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: 9074
  • Parcel: METH M:00315 B:00131 L:00056C
  • Block: 131
  • Lot: 56C
  • Municipality: METHUEN
  • Latitude: 42.7187
  • Longitude: -71.2232

    Address

  • Full Address: 415 Forest St
  • Address - House Number: 415
  • Address - Street Name: Forest
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: R012
  • 4-Digit Zip Code: 1936
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $511,900

    Appraisal Valuation

  • Standard Deviation: 0.1692
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 544,657
  • High Value: 636,866
  • Low Value: 452,449

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $437,500
  • Assessed Land Value: $192,900
  • Assessed Improvements Value: $244,600

    Sales

  • Current Sale Contract Date: Dec 14, 2018
  • Current Sale Recording Date: Dec 14, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 30167
  • Previous Sale Recording Date: Aug 10, 2005
  • Previous Sale Amount: $300,000
  • 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

2157 ft²

Average Home Age

55.2 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72417696

Frequently Asked Questions

When was property at 415 Forest Street built and last sold?
The property at 415 Forest Street was built in 1970 and last sold on Dec 14, 2018 for $351,500.
How much is this home worth?
The estimated value of the home located at 415 Forest Street is $330,219.
What are some comparable homes to 415 Forest Street?
There are currently no comparable homes to 415 Forest Street.
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