$670,000
●
House -
Off Market
48 Salem St
Methuen, MA 01844
3 Beds
2 Baths
1,976 Ft²
$3,822
Est. Monthly
About This Property
You must see this beautifully, professionally designed custom built
home to appreciate all it has to offer. THIS HOUSE HAS EVERYTHING
YOU COULD POSSIBLY WANT. Beautiful open floor plan for today's
living. Kitchen features new upgraded white shaker style cabinets,
soft close drawers and doors with upgraded counter tops and large
center island with extra drawer space and overhang.
Spacious dining area has access to large rear deck
overlooking 0.8-acre lot. This area in turn opens to living
room with a brick fireplace and features recessed lighting.
Gleaming hardwood floors throughout this level and entry
staircase. This floor has three-bedrooms, a full bath with
double vanity and quartz countertop. Lower level boasts ¾
bathroom, an additional (20' x 15') family room, large stone
fireplace and a spacious laundry room with quartz topped cabinetry.
Interior garage access and an abundance of closet space. The
list goes on and on. Town water and town sewer! Don't delay
on this one
Unit Size
1,976 Ft²
Days on Market
-
Land Size
0.80 acres
Price per sqft
$344
Property Type
House
Property Taxes
$483
HOA Dues
-
Year Built
1975
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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 #73310754)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 13, 2024 | Sold | ||
| Sold | |||
| Nov 13, 2024 | In contract | - | |
| In contract | |||
| Nov 6, 2024 | Listed by Weichert Realtors' Daher Companies | $679,900 | |
| Listed by Weichert Realtors' Daher Companies | |||
| | |||
|
You must see this beautifully, professionally designed custom built home to appreciate all it has to offer. THIS HOUSE HAS EVERYTHING YOU COULD POSSIBLY WANT. Beautiful open floor plan for today's living. Kitchen features new upgraded white shaker style cabinets, soft close drawers and doors with upgraded counter tops and large center island with extra drawer space and overhang. Spacious dining area has access to large rear deck overlooking 0.8-acre lot. This area in turn opens to living room with a brick fireplace and features recessed lighting. Gleaming hardwood floors throughout this level and entry staircase. This floor has three-bedrooms, a full bath with double vanity and quartz countertop. Lower level boasts ¾ bathroom, an additional (20’ x 15’) family room, large stone fireplace and a spacious laundry room with quartz topped cabinetry. Interior garage access and an abundance of closet space. The list goes on and on. Town water and town sewer! Don't delay on this one
| |||
| Jul 22, 2024 | No longer available | - | |
| No longer available | |||
| Jul 1, 2024 | Listed by Tinkham Realty, Inc. | $549,900 | |
| Listed by Tinkham Realty, Inc. | |||
| | |||
|
Split level home in the sought after Marsh Corner area of West Methuen! This is a great starter home for a first-time buyer. The house is set back from the road with a long driveway providing privacy and additional parking. Two beautiful fireplaces, living room and in the lower-level family room. Both are 3/4 the width of the home and provide excellent heat. The upstairs fireplace is made of reclaimed brick from an old 1900's mill and the lower-level family room fireplace has granite stone with a natural stone hearth and rustic barnboard. Nice oversized rear deck overlooking a private wooded back yard. Lots of storage space in the attic and basement. Carefree vinyl exterior, solid replacement Harvey vinyl windows with attractive red brick veneer front. Interior needs some TLC. The bath in the lower level was damaged by a broken water pipe. All wallboard and fixtures in the lower-level bath were removed. Remediation from the water damage was done professionally.
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Property Highlights
Garage
Parking Available
Fireplace
Building Info
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