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Methuen Town 01844
49 Olive Street
$477,500
● House - Off Market

49 Olive Street

Methuen, MA 01844
bedrooms
2 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,500 Ft²
$414,900
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

Welcome home to this adorable 2 bedroom 1.5 bath dormered Cape. This home offers a ton of charm. Open concept kitchen and dining room, hardwood floors, arched doorways, a fireplace living room, 1/2 bath, and study round out the first floor. The second level provides an updated full bath and 2 spacious bedrooms which each have multiple closets.  The finished basement has an amazing custom bar and a multipurpose room perfect for overnight visitors or a home office. A newer gas heating system (2021), hot water tank (2018), one-car garage, and lovely lot are just a few highlights this home has to offer. Photo's to Follow!
Unit Size
1,500 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$277
Property Type
House
Property Taxes
$352
HOA Dues
-
Year Built
1941

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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 #73164597)

Price History

Date / Event Date Event Price
Nov 3, 2023 Sold
Premium
Sold
Oct 3, 2023 In contract -
In contract
Sep 28, 2023 Listed by Keller Williams Realty $414,900
Listed by Keller Williams Realty
Mar 20, 2002 Sold
Premium
Sold
Feb 7, 2002 Listed by Keller Williams Realty $209,900
Listed by Keller Williams Realty

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1941
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 750
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 5,702
  • Total Building Area: 1,500
  • Gross Building Area: 3,142
  • Building Area: 1,500
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,500
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000131
  • 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: RC

Geography

  • Account Number: 7168
  • Parcel: METH M:00914 B:00098 L:00054
  • Block: 98
  • Lot: 54
  • Municipality: METHUEN
  • Latitude: 42.726
  • Longitude: -71.1553

    Address

  • Full Address: 49 Olive St
  • Address - House Number: 49
  • Address - Street Name: Olive
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C023
  • 4-Digit Zip Code: 7530
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $422,300

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 94
  • Final Value: 426,859
  • High Value: 460,968
  • Low Value: 392,749

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $360,900
  • Assessed Land Value: $157,700
  • Assessed Improvements Value: $203,200

    Sales

  • Current Sale Contract Date: Nov 03, 2023
  • Current Sale Recording Date: Nov 03, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 18304
  • Previous Sale Recording Date: Mar 20, 2002
  • Previous Sale Amount: $197,500
  • 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

$326

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2234 ft²

Average Home Age

53.1 years

Currently For Sale

76 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# 73164597

Frequently Asked Questions

When was property at 49 Olive Street built and last sold?
The property at 49 Olive Street was built in 1941 and last sold on Nov 3, 2023 for $477,500.
How much is this home worth?
The estimated value of the home located at 49 Olive Street is $424,047.
What are some comparable homes to 49 Olive Street?
There are currently no comparable homes to 49 Olive Street.
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