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Methuen Town 01844
5 Porter Ave
$127,500
● House - Off Market

5 Porter Ave

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath
square feet
776 Ft²
$214,980
RealtyHop Estimate
59.24%
Since Oct 1, 2017
National-US
Primary Model

About This Property

$$ HUGE PRICE REDUCTION = MORE UPSIDE POTENTIAL $$ for contractors, flippers, or ambitious homeowners alike.  This adorable little cottage in a hidden corner of Pleasant Valley awaits your discovery.  Situated on a tranquil dead-end street with lush trees and a creek behind, yet under 5 minutes to Rte 495, this diamond-in-the-rough could become the perfect condo alternative.  Winter river views enhance the appeal of this charming setting.  The property is in need of extensive repair and renovation and will most likely require a rehab loan or cash offer.
Unit Size
776 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$174
Property Type
House
Property Taxes
$225
HOA Dues
-
Year Built
1930

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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 #72202036)

Price History

Date / Event Date Event Price
Sep 22, 2017 Sold
Premium
Sold
Jul 21, 2017 Listed by Keller Williams Realty $135,000
Listed by Keller Williams Realty

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • 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: 528
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 14,240
  • Total Building Area: 776
  • Gross Building Area: 1,642
  • Building Area: 776
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 776
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000327
  • 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: 252601

Zoning

  • Zoning: RD

Geography

  • Account Number: 9448
  • Parcel: METH M:01113 B:00109B L:00003
  • Block: 109B
  • Lot: 3
  • Municipality: METHUEN
  • Latitude: 42.7305
  • Longitude: -71.1278

    Address

  • Full Address: 5 Porter Ave
  • Address - House Number: 5
  • Address - Street Name: Porter
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Methuen
  • Carrier Code: C044
  • 4-Digit Zip Code: 6227
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $340,200

    Appraisal Valuation

  • Standard Deviation: 0.1767
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 331,472
  • High Value: 390,067
  • Low Value: 272,877

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $290,800
  • Assessed Land Value: $162,200
  • Assessed Improvements Value: $128,600

    Sales

  • Current Sale Recording Date: Sep 22, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 24704
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# 72202036

Frequently Asked Questions

When was property at 5 Porter Avenue built and last sold?
The property at 5 Porter Avenue was built in 1930 and last sold on Jan 1, 1970 for $127,500.
How much is this home worth?
The estimated value of the home located at 5 Porter Avenue is $168,403.
What are some comparable homes to 5 Porter Avenue?
There are currently no comparable homes to 5 Porter Avenue.
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