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Methuen Town 01844
53 Olive St.
$360,000
● House - Off Market

53 Olive St.

Methuen, MA 01844
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,280 Ft²
$408,558
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

This classic colonial awaits you!  Move right into this  well-maintained and charming  side entrance colonial with a hip roof in a great neighborhood with hardwood floors. Updated eat-in kitchen with stainless steel appliances, Jenn-air range with grille and double oven.   Beautiful sun room with built-ins. Large master bedroom with two closets.  Plenty of parking. Commuters dream...Close access to commuter routes, schools, shopping, hospitals. One car garage.  Built in China closet in Dining room  Large fireplaced living room. Updated roof(3-4 yrs), new Burner 2012, & oil tank 2017.
Unit Size
1,280 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$281
Property Type
House
Property Taxes
$289
HOA Dues
-
Year Built
1940

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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 #72865895)

Price History

Date / Event Date Event Price
Sep 22, 2021 Sold
Premium
Sold
Jul 14, 2021 Listed by Lamacchia Realty, Inc. $359,900
Listed by Lamacchia Realty, Inc.

Property Highlights

Air Conditioning
Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 576
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,702
  • Total Building Area: 1,280
  • Gross Building Area: 1,856
  • Building Area: 1,280
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,280
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000131
  • 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: 252501

Zoning

  • Zoning: RC

Geography

  • Account Number: 9021
  • Parcel: METH M:00914 B:00098 L:00053
  • Block: 98
  • Lot: 53
  • Municipality: METHUEN
  • Latitude: 42.7262
  • Longitude: -71.1554

    Address

  • Full Address: 53 Olive St
  • Address - House Number: 53
  • Address - Street Name: Olive
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C023
  • 4-Digit Zip Code: 7530
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $401,500

    Appraisal Valuation

  • Standard Deviation: 0.1874
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 431,325
  • High Value: 512,183
  • Low Value: 350,467

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $343,200
  • Assessed Land Value: $157,700
  • Assessed Improvements Value: $185,500

    Sales

  • Current Sale Contract Date: Sep 22, 2021
  • Current Sale Recording Date: Sep 22, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 31591
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

$326

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2221 ft²

Average Home Age

56.1 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

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72865895

Frequently Asked Questions

When was property at 53 Olive Street built and last sold?
The property at 53 Olive Street was built in 1940 and last sold on Sep 22, 2021 for $360,000.
How much is this home worth?
The estimated value of the home located at 53 Olive Street is $0.
What are some comparable homes to 53 Olive Street?
There are currently no comparable homes to 53 Olive Street.
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