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Methuen Town 01844
56 Adams Ave
$365,000
● House - Off Market

56 Adams Ave

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,670 Ft²
$674,305
RealtyHop Estimate
77.50%
Since Jan 1, 2016
National-US
Primary Model

About This Property

Nothing to do but move in! Gleaming Hardwood Floors throughout, New Kitchen, New Baths, Freshly painted 3 bedroom, 2 baths with generous sized bedrooms, ample closet space, Brand new Stainless Steel appliances,2 car garage and so much more! Within walking distance to the CGS, Dead End Street that is minutes to routes 213,, 93, 495, 28 and Salem NH. This will not last!
Unit Size
1,670 Ft²
Days on Market
-
Land Size
0.30 acres
Price per sqft
$227
Property Type
House
Property Taxes
$358
HOA Dues
-
Year Built
1997

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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 #71928297)

Price History

Date / Event Date Event Price
Dec 11, 2015 Sold
Premium
Sold
Nov 4, 2015 Listed by Coco, Early & Associates $379,900
Listed by Coco, Early & Associates
Sep 8, 2015 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • 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: 912
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,963
  • Total Building Area: 2,209
  • Gross Building Area: 3,721
  • Building Area: 2,209
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 2,209
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000298
  • 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: 252603

Zoning

  • Zoning: RA

Geography

  • Account Number: 12418
  • Parcel: METH M:00709 B:00068B L:00054
  • Block: 68B
  • Lot: 54
  • Municipality: METHUEN
  • Latitude: 42.7491
  • Longitude: -71.1755

    Address

  • Full Address: 56 Adams Ave
  • Address - House Number: 56
  • Address - Street Name: Adams
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Methuen
  • Carrier Code: C038
  • 4-Digit Zip Code: 2120
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $591,800

    Appraisal Valuation

  • Standard Deviation: 0.2207
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 665,460
  • High Value: 812,352
  • Low Value: 518,569

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $505,800
  • Assessed Land Value: $175,100
  • Assessed Improvements Value: $330,700

    Sales

  • Current Sale Recording Date: Dec 11, 2015
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 32212
  • Previous Sale Recording Date: Sep 08, 2015
  • Previous Sale Amount: $215,000
  • Previous Sale Document Type: 34
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

2186 ft²

Average Home Age

58.3 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

Rentals Near You

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 71928297

Frequently Asked Questions

When was property at 56 Adams Avenue built and last sold?
The property at 56 Adams Avenue was built in 1997 and last sold on Jan 1, 1970 for $365,000.
How much is this home worth?
The estimated value of the home located at 56 Adams Avenue is $392,814.
What are some comparable homes to 56 Adams Avenue?
There are currently no comparable homes to 56 Adams Avenue.
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