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Methuen Town 01844
5 Woekel Ter
$550,000
● House - Off Market

5 Woekel Ter

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,372 Ft²
$503,792
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

WELCOME HOME! METHUEN BEAUTIFUL 4 Bedrooms Cape! This property has had many updates with a newer roof, boiler, electric panel, hot water heater and windows. The versatile floor plane features a living room with fireplace, large dining room, Kitchen with solid wood cabinets. There is a slider from the dining to a deck overlooking the flat back yard and a garage under. This is all located on a private dead end street and convenient to the schools, The Loop or Salem NH for shopping, the park as well as highway access. Won't Last!
Unit Size
1,372 Ft²
Days on Market
-
Land Size
0.18 acres
Price per sqft
$364
Property Type
House
Property Taxes
$342
HOA Dues
-
Year Built
1941

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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 #72965375)

Price History

Date / Event Date Event Price
May 27, 2022 Sold
Premium
Sold
Apr 11, 2022 Listed by Angel Homes Realty, Inc. $499,900
Listed by Angel Homes Realty, Inc.
Mar 26, 2020 Sold
Premium
Sold
Feb 14, 2020 Listed by Angel Homes Realty, Inc. $309,900
Listed by Angel Homes Realty, Inc.

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1941
  • Effective Year Built: 1941
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • 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: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 956
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 7,728
  • Total Building Area: 1,372
  • Gross Building Area: 2,932
  • Building Area: 1,372
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,372
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000177
  • 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: 252502

Zoning

  • Zoning: RC

Geography

  • Account Number: 14706
  • Parcel: METH M:00912 B:00082A L:00025
  • Block: 82A
  • Lot: 25
  • Municipality: METHUEN
  • Latitude: 42.7321
  • Longitude: -71.1567

    Address

  • Full Address: 5 Woekel Ter
  • Address - House Number: 5
  • Address - Street Name: Woekel
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Methuen
  • Carrier Code: C016
  • 4-Digit Zip Code: 4635
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $468,700

    Appraisal Valuation

  • Standard Deviation: 0.1761
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 524,321
  • High Value: 616,667
  • Low Value: 431,975

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $400,600
  • Assessed Land Value: $162,600
  • Assessed Improvements Value: $238,000

    Sales

  • Current Sale Contract Date: May 27, 2022
  • Current Sale Recording Date: May 27, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 12682
  • Previous Sale Recording Date: Mar 26, 2020
  • Previous Sale Contract Date: Mar 25, 2020
  • Previous Sale Amount: $330,000
  • Previous Sale Document Type: O
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

2157 ft²

Average Home Age

54.7 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72965375

Frequently Asked Questions

When was property at 5 Woekel Terrace built and last sold?
The property at 5 Woekel Terrace was built in 1941 and last sold on May 27, 2022 for $550,000.
How much is this home worth?
The estimated value of the home located at 5 Woekel Terrace is $496,709.
What are some comparable homes to 5 Woekel Terrace?
There are currently no comparable homes to 5 Woekel Terrace.
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