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Methuen Town 01844
5 Balmoral
$600,000
● House - Off Market

5 Balmoral

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,408 Ft²
$584,905
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model

About This Property

This is the opportunity you have been waiting for! Homestead Acres! Spacious Colonial with three bedrooms and 2.5 baths on a huge level lot. The family room has a brick fireplace with access to the sunny deck. The eat- in kitchen has an island, plenty of cabinets and wood flooring. The  washer and dryer are on the main level. Central vac, an attached garage, and a full basement with a home office add to the value. Plenty of closets and storage. Easy highway access.
Unit Size
2,408 Ft²
Days on Market
-
Land Size
0.41 acres
Price per sqft
$208
Property Type
House
Property Taxes
$450
HOA Dues
-
Year Built
1986

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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 years ago (MLSPIN #72786683)

Price History

Date / Event Date Event Price
Jun 18, 2021 Sold
Premium
Sold
Feb 17, 2021 Listed by Century 21 North East $499,900
Listed by Century 21 North East

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1986
  • Effective Year Built: 1986
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,330
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,685
  • Total Building Area: 2,408
  • Gross Building Area: 4,670
  • Building Area: 2,408
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,408
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HOMESTEAD ACRES 02 METHUEN
  • Land Acres: 0000000406
  • 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: 252602

Zoning

  • Zoning: RB

Geography

  • Account Number: 4740
  • Parcel: METH M:00708 B:00069 L:00010E
  • Block: 69
  • Lot: 10E
  • Municipality: METHUEN
  • Latitude: 42.7646
  • Longitude: -71.1799

    Address

  • Full Address: 5 Balmoral Dr
  • Address - House Number: 5
  • Address - Street Name: Balmoral
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Methuen
  • Carrier Code: R009
  • 4-Digit Zip Code: 1735
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $609,800

    Appraisal Valuation

  • Standard Deviation: 0.1693
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 699,004
  • High Value: 817,347
  • Low Value: 580,661

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $521,200
  • Assessed Land Value: $194,200
  • Assessed Improvements Value: $327,000

    Sales

  • Current Sale Contract Date: Jun 18, 2021
  • Current Sale Recording Date: Jun 18, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 20262
  • Previous Sale Recording Date: Sep 13, 2018
  • 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

$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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72786683

Frequently Asked Questions

When was property at 5 Balmoral Drive built and last sold?
The property at 5 Balmoral Drive was built in 1986 and last sold on Jun 18, 2021 for $600,000.
How much is this home worth?
The estimated value of the home located at 5 Balmoral Drive is $0.
What are some comparable homes to 5 Balmoral Drive?
There are currently no comparable homes to 5 Balmoral Drive.
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