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Methuen Town 01844
5 King St
$255,000
● House - Off Market

5 King St

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,527 Ft²
$402,468
RealtyHop Estimate
54.85%
Since Apr 1, 2018
National-US
Primary Model

About This Property

Cute, oversized three bedroom ranch on double lot needs interior updating and TLC but is a great value at this price. Newer replacement windows and boiler.  Plenty of on-site parking and large, private, fully usable rear yard.  Walk-up attic offers plenty of additional storage or expansion possibilities. 3/4 bath in unfinished basement. Contractors, remodelers take note!!  May be purchased as package with adjacent two-family dwelling at 1-3 King Street MLSPIN #72267167
Unit Size
1,527 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$170
Property Type
House
Property Taxes
$319
HOA Dues
-
Year Built
1950

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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 #72267133)

Price History

Date / Event Date Event Price
Mar 14, 2018 Sold
Premium
Sold
Dec 29, 2017 Listed by JPF Real Estate Services $259,900
Listed by JPF Real Estate Services

Property Highlights

Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • 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: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,311
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,500
  • Total Building Area: 2,576
  • Gross Building Area: 4,345
  • Building Area: 2,576
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,576
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000218
  • 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: MB

Geography

  • Account Number: 9114
  • Parcel: METH M:00914 B:00105 L:00131A
  • Block: 105
  • Lot: 131A
  • Municipality: METHUEN
  • Latitude: 42.7221
  • Longitude: -71.1533

    Address

  • Full Address: 5 King St
  • Address - House Number: 5
  • Address - Street Name: King
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C023
  • 4-Digit Zip Code: 5315
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $470,800
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.2344
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 67
  • Final Value: 577,829
  • High Value: 713,312
  • Low Value: 442,346

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $402,400
  • Assessed Land Value: $166,800
  • Assessed Improvements Value: $235,600

    Sales

  • Current Sale Recording Date: Mar 14, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 5665
  • Previous Sale Recording Date: Dec 23, 2013
  • 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72267133

Frequently Asked Questions

When was property at 5 King Street built and last sold?
The property at 5 King Street was built in 1950 and last sold on Jan 1, 1970 for $255,000.
How much is this home worth?
The estimated value of the home located at 5 King Street is $275,098.
What are some comparable homes to 5 King Street?
There are currently no comparable homes to 5 King Street.
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