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Methuen Town 01844
53 Benefit St
$260,000
● House - Off Market

53 Benefit St

Methuen, MA 01844
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,292 Ft²
$432,869
RealtyHop Estimate
66.55%
Since Mar 1, 2017
National-US
Primary Model

About This Property

Nice, beautiful quiet neighborhood in the highly desirable Marsh School District.  Convenient to major highways.  Town water and sewer.  Home offers an eat in kitchen. large living room and good sized bedrooms.  Master offers 2 separate closets. Large deck, nice yard with fantastic views!  Walk out partially finished lower level has a 3/4 bath and finished space for a potential 3rd bedroom.  Vinyl siding, some hardwood floors, replacement windows.
Unit Size
1,292 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$201
Property Type
House
Property Taxes
$275
HOA Dues
-
Year Built
1990

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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 #72083934)

Price History

Date / Event Date Event Price
Feb 13, 2017 Sold
Premium
Sold
Oct 20, 2016 Listed by Coco, Early & Associates $259,900
Listed by Coco, Early & Associates
Dec 12, 1997 Sold
Premium
Sold
Oct 6, 1997 Listed by Coco, Early & Associates $114,900
Listed by Coco, Early & Associates

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1990
  • Effective Year Built: 1990
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 816
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 1,292
  • Gross Building Area: 2,123
  • Building Area: 1,292
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,292
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: METHUEN
  • Land Acres: 0000000230
  • 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: 11349
  • Parcel: METH M:00412 B:00126B L:00238A
  • Block: 126B
  • Lot: 238A
  • Municipality: METHUEN
  • Latitude: 42.736
  • Longitude: -71.22

    Address

  • Full Address: 53 Benefit St
  • Address - House Number: 53
  • Address - Street Name: Benefit
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C037
  • 4-Digit Zip Code: 1503
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $451,200

    Appraisal Valuation

  • Standard Deviation: 0.1767
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 480,659
  • High Value: 565,626
  • Low Value: 395,692

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $385,600
  • Assessed Land Value: $168,000
  • Assessed Improvements Value: $217,600

    Sales

  • Current Sale Recording Date: Feb 13, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 4046
  • Previous Sale Recording Date: Dec 12, 1997
  • Previous Sale Amount: $113,500
  • 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

$325

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2192 ft²

Average Home Age

54.9 years

Currently For Sale

77 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 12 Tiffany, Salem, 03079

$1,675 /mo

  • 1 Bed
  • 1 Bath
  • 780 ft²
12 Tiffany #3, Salem, 03079 Listing by Alanna Brush
Unit for rent at 99 Cluff, Salem, 03079

$1,900 /mo

  • 2 Beds
  • 1 Bath
  • 661 ft²
99 Cluff #5, Salem, 03079 Listing by Debbie Collyns

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72083934

Frequently Asked Questions

When was property at 53 Benefit Street built and last sold?
The property at 53 Benefit Street was built in 1990 and last sold on Jan 1, 1970 for $260,000.
How much is this home worth?
The estimated value of the home located at 53 Benefit Street is $268,343.
What are some comparable homes to 53 Benefit Street?
There are currently no comparable homes to 53 Benefit Street.
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