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Methuen Town 01844
50 Cypress Ave
$408,000
● House - Off Market

50 Cypress Ave

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,554 Ft²
$425,504
RealtyHop Estimate
21.61%
Since May 1, 2021
National-US
Primary Model

About This Property

Move right in to this meticulously maintained 3 or 4 bedroom  1.5 bath cape on great fenced level lot.  This home features lovely updated kitchen open to dining area with bay window.  First floor also boasts large living room with wood floors and built-ins, 2 great bedrooms or office /den and full bath with tile floor and  do not miss the central air conditioning .  2nd floor features 2 large bedrooms and 1/2 bath.   This home has beautiful stone wall and large yard with many plantings that you will enjoy this spring and summer.  Close to major highways and shopping this one will not last.
Unit Size
1,554 Ft²
Days on Market
-
Land Size
0.09 acres
Price per sqft
$225
Property Type
House
Property Taxes
$276
HOA Dues
-
Year Built
1960

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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: 5 years ago (MLSPIN #72792604)

Price History

Date / Event Date Event Price
Apr 29, 2021 Sold
Premium
Sold
Mar 3, 2021 Listed by RE/MAX American Dream $349,900
Listed by RE/MAX American Dream

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 864
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,999
  • Total Building Area: 1,554
  • Gross Building Area: 2,874
  • Building Area: 1,554
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,554
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000092
  • 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: 252101

Zoning

  • Zoning: RG

Geography

  • Account Number: 4066
  • Parcel: METH M:00618 B:00158 L:00027
  • Block: 158
  • Lot: 27
  • Municipality: METHUEN
  • Latitude: 42.7019
  • Longitude: -71.1899

    Address

  • Full Address: 50 Cypress Ave
  • Address - House Number: 50
  • Address - Street Name: Cypress
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Methuen
  • Carrier Code: C047
  • 4-Digit Zip Code: 4856
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $398,900

    Appraisal Valuation

  • Standard Deviation: 0.249
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 64
  • Final Value: 487,361
  • High Value: 608,742
  • Low Value: 365,980

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $340,900
  • Assessed Land Value: $101,400
  • Assessed Improvements Value: $239,500

    Sales

  • Current Sale Contract Date: Apr 28, 2021
  • Current Sale Recording Date: Apr 29, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 14273
  • Previous Sale Recording Date: Nov 14, 2014
  • 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

54

Average Home Size

2162 ft²

Average Home Age

54.9 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 years ago
Data Source: MLS PIN, MLS# 72792604

Frequently Asked Questions

When was property at 50 Cypress Avenue built and last sold?
The property at 50 Cypress Avenue was built in 1960 and last sold on Apr 28, 2021 for $408,000.
How much is this home worth?
The estimated value of the home located at 50 Cypress Avenue is $364,915.
What are some comparable homes to 50 Cypress Avenue?
There are currently no comparable homes to 50 Cypress Avenue.
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