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Methuen Town 01844
51 Colonial Rd
$384,900
● House - Off Market

51 Colonial Rd

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,168 Ft²
$689,403
RealtyHop Estimate
79.11%
Since Jun 1, 2015
National-US
Primary Model

About This Property

A Stunning Colonial located  in a sought after West Methuen Neighborhood.  As you walk into this beautiful home, you feel like you entered a "model" home.  Gorgeous hardwood floors throughout the open concept 1st floor.  Living Room with gas fireplace opens up to an enormous kitchen featuring a center island, stainless steel appliances, eat-in area, slider to deck, and study nook.  Formal Dining Room with attractive chandelier.  Ascend the stairs and discover 3 generous Bedrooms.  The Master has 2 ceiling fans, walk-in closet & private bath.  All the baths in the home have granite counter tops.  Walk-up attic for future expansion.  Dual zone heating/central air. 2 car garage.   Nicely landscaped & partially fenced yard.  Everything you could wish for in Your New Home!
Unit Size
2,168 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$178
Property Type
House
Property Taxes
$375
HOA Dues
-
Year Built
2008

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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 months ago (MLSPIN #71796457)

Price History

Date / Event Date Event Price
May 28, 2015 Sold
Premium
Sold
Mar 2, 2015 Listed by Keller Williams Realty $384,900
Listed by Keller Williams Realty
Jun 25, 2008 Sold
Premium
Sold
Oct 18, 2007 Listed by Keller Williams Realty $359,900
Listed by Keller Williams Realty
Jun 15, 2007 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2008
  • Effective Year Built: 2008
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • 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: 1,084
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,502
  • Total Building Area: 2,168
  • Gross Building Area: 4,532
  • Building Area: 2,168
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,168
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000287
  • 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: 252202

Zoning

  • Zoning: RD

Geography

  • Account Number: 13256
  • Parcel: METH M:00412 B:00126B L:00093
  • Block: 126B
  • Lot: 93
  • Municipality: METHUEN
  • Latitude: 42.7362
  • Longitude: -71.2158

    Address

  • Full Address: 51 Colonial Rd
  • Address - House Number: 51
  • Address - Street Name: Colonial
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Methuen
  • Carrier Code: C037
  • 4-Digit Zip Code: 1610
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $615,100

    Appraisal Valuation

  • Standard Deviation: 0.1712
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 676,084
  • High Value: 791,852
  • Low Value: 560,317

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $525,700
  • Assessed Land Value: $174,000
  • Assessed Improvements Value: $351,700

    Sales

  • Current Sale Recording Date: May 28, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 12278
  • Previous Sale Recording Date: Jun 25, 2008
  • Previous Sale Amount: $361,900
  • 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

53

Average Home Size

2193 ft²

Average Home Age

59.5 years

Currently For Sale

74 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

Unit for rent at 14 Tiffany, Salem, 03079

$1,625 /mo

  • 1 Bed
  • 1 Bath
  • 777 ft²
14 Tiffany #2, Salem, 03079 Listing by Heather Colbert
Unit for rent at 11 Lancelot, Salem, 03079

$1,850 /mo

  • 2 Beds
  • 1 Bath
  • 676 ft²
11 Lancelot #7, Salem, 03079 Listing by Tina Lisa

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71796457

Frequently Asked Questions

When was property at 51 Colonial Road built and last sold?
The property at 51 Colonial Road was built in 2008 and last sold on Jan 1, 1970 for $384,900.
How much is this home worth?
The estimated value of the home located at 51 Colonial Road is $406,358.
What are some comparable homes to 51 Colonial Road?
There are currently no comparable homes to 51 Colonial Road.
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