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Methuen Town 01844
5 Benefit St
Photo of 5 Benefit St
Sold on May 12, 2011

1

Map

$299,900
● House - Off Market

5 Benefit St

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,872 Ft²
$656,357
RealtyHop Estimate
118.86%
Since Jun 1, 2011
National-US
Primary Model

About This Property

Meticulous Maintained  Colonial. Fresh Paint with Neutral Colors and. Open Concept, Lg Bedrms, Large Bathrms with Oversized Vanities,  Kid Friendly Neighborhood, Walk up Attic for Storage or Possible Expansion.  The Sunny Kitchen Sprawls Almost the Entire Width of the House. Sliders Off the Kitchen Lead to Deck. Open Concept Fam Rm. Great Playrm or Living rm.  Lot offers space for potential 2 car garage .HW Heater replaced 11/6/10
Unit Size
1,872 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$160
Property Type
House
Property Taxes
$303
HOA Dues
-
Year Built
2003

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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: 7 months ago (MLSPIN #71154966)

Price History

Date / Event Date Event Price
May 12, 2011 Sold
Premium
Sold
Oct 25, 2010 Listed by Prudential First Choice Realty $299,900
Listed by Prudential First Choice Realty
Jul 31, 2003 Sold
Premium
Sold
Feb 10, 2003 Listed by Prudential First Choice Realty $329,900
Listed by Prudential First Choice Realty

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2003
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 936
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,321
  • Total Building Area: 1,908
  • Gross Building Area: 3,984
  • Building Area: 1,908
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,908
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: METHUEN
  • Land Acres: 0000000260
  • 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: 252202

Zoning

  • Zoning: RD

Geography

  • Account Number: 16491
  • Parcel: METH M:00412 B:00126B L:00212D
  • Block: 126B
  • Lot: 212D
  • Municipality: METHUEN
  • Latitude: 42.7343
  • Longitude: -71.2194

    Address

  • Full Address: 5 Benefit St
  • Address - House Number: 5
  • Address - Street Name: Benefit
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C037
  • 4-Digit Zip Code: 1503
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $573,500

    Appraisal Valuation

  • Standard Deviation: 0.1693
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 625,727
  • High Value: 731,664
  • Low Value: 519,790

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $490,200
  • Assessed Land Value: $171,200
  • Assessed Improvements Value: $319,000

    Sales

  • Current Sale Recording Date: May 12, 2011
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 00000001
  • Previous Sale Recording Date: Jul 31, 2003
  • Previous Sale Amount: $321,500
  • 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:

$599,500

Sale Price/ft²

$327

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2233 ft²

Average Home Age

56 years

Currently For Sale

75 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: 7 months ago
Data Source: MLS PIN, MLS# 71154966

Frequently Asked Questions

When was property at 5 Benefit Street built and last sold?
The property at 5 Benefit Street was built in 2003 and last sold on Jan 1, 1970 for $299,900.
How much is this home worth?
The estimated value of the home located at 5 Benefit Street is $319,865.
What are some comparable homes to 5 Benefit Street?
There are currently no comparable homes to 5 Benefit Street.
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