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Methuen Town 01844
5 Richard Avenue
$235,000
● House - Off Market

5 Richard Avenue

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,461 Ft²
$456,517
RealtyHop Estimate
86.41%
Since Nov 1, 2014
National-US
Primary Model

About This Property

Great West Methuen neighborhood and first time offered in over 50 years. Quality built 1960's 3 bedroom ranch that is conveniently located only minutes from Rte. 93, making it a great commuter location. Newer vaulted ceiling addition and garage.  Freshly painted interior, gleaming hardwood floors, six panel wood doors and newer windows make this a great property, all on a .29 acre lot. Partial finished basement for your added enjoyment.  This home would be perfect for a first time homeowner or someone wanting to downsize.
Unit Size
1,461 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$168
Property Type
House
Property Taxes
$251
HOA Dues
-
Year Built
1962

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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: 5 months ago (MLSPIN #71716641)

Price History

Date / Event Date Event Price
Oct 22, 2014 Sold
Premium
Sold
Jul 20, 2014 Listed by Moore Real Estate $244,900
Listed by Moore Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 915
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 12,702
  • Total Building Area: 1,461
  • Gross Building Area: 2,506
  • Building Area: 1,461
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,461
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000292
  • 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: 252201

Zoning

  • Zoning: RD

Geography

  • Account Number: 7805
  • Parcel: METH M:00516 B:00152 L:00012B
  • Block: 152
  • Lot: 12B
  • Municipality: METHUEN
  • Latitude: 42.7119
  • Longitude: -71.2019

    Address

  • Full Address: 5 Richard Ave
  • Address - House Number: 5
  • Address - Street Name: Richard
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Methuen
  • Carrier Code: C021
  • 4-Digit Zip Code: 2808
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $464,400
  • Initial Tax Delinquent Year: 2024

    Appraisal Valuation

  • Standard Deviation: 0.1797
  • Valuation Date: Mar 27, 2024
  • Confidence Score: 76
  • Final Value: 488,457
  • High Value: 576,254
  • Low Value: 400,660

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $396,900
  • Assessed Land Value: $174,500
  • Assessed Improvements Value: $222,400

    Sales

  • Current Sale Recording Date: Oct 22, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 23822
  • Previous Sale Recording Date: Dec 13, 2004
  • 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

$327

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2190 ft²

Average Home Age

54.1 years

Currently For Sale

71 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: 5 months ago
Data Source: MLS PIN, MLS# 71716641

Frequently Asked Questions

When was property at 5 Richard Avenue built and last sold?
The property at 5 Richard Avenue was built in 1962 and last sold on Jan 1, 1970 for $235,000.
How much is this home worth?
The estimated value of the home located at 5 Richard Avenue is $258,364.
What are some comparable homes to 5 Richard Avenue?
There are currently no comparable homes to 5 Richard Avenue.
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