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Methuen Town 01844
6 Chestnut Way
Photo of 6 Chestnut Way
Sold on Feb 28, 2005

1

Map

$510,000
● House - Off Market

6 Chestnut Way

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,328 Ft²
$981,391
RealtyHop Estimate
88.77%
Since Mar 1, 2005
National-US
Primary Model

About This Property

Exceptionally well maintained young Colonial on cul-de-sac in sought after Chestnut Hills!  1.5 acres of privacy with fenced yard. Cathedral ceiling family room with gas fireplace.  Huge kitchen with breakfast bar, lots of cabinets & breakfast area in front of slider leading to deck.  Formal living room & dining room with wainscoting & chair rail.  An additional approximate  500 s. f.  living space in the finished lower level with sliders
Unit Size
2,328 Ft²
Days on Market
-
Land Size
1.53 acres
Price per sqft
$223
Property Type
House
Property Taxes
$342
HOA Dues
-
Year Built
1999

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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 #70131384)

Price History

Date / Event Date Event Price
Aug 6, 2021 Sold
Premium
Sold
Feb 28, 2005 Sold
Premium
Sold
Jan 5, 2005 Listed $519,900
Listed
Aug 4, 2000 Sold
Premium
Sold
Sep 21, 1999 Listed $289,900
Listed

Property Highlights

Parking Available
Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1999
  • Effective Year Built: 1999
  • Building Count: 1
  • Total Rooms: 8
  • 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: 1,320
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 67,082
  • Total Building Area: 2,328
  • Gross Building Area: 4,704
  • Building Area: 2,328
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,328
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001540
  • 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: 15799
  • Parcel: METH M:00810 B:00077E L:00004K
  • Block: 77E
  • Lot: 4K
  • Municipality: METHUEN
  • Latitude: 42.7519
  • Longitude: -71.1648

    Address

  • Full Address: 6 Chestnut Way
  • Address - House Number: 6
  • Address - Street Name: Chestnut
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Methuen
  • Carrier Code: R015
  • 4-Digit Zip Code: 2692
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $793,600

    Appraisal Valuation

  • Standard Deviation: 0.0799
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 94
  • Final Value: 668,547
  • High Value: 721,970
  • Low Value: 615,125

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $678,300
  • Assessed Land Value: $240,200
  • Assessed Improvements Value: $438,100

    Sales

  • Current Sale Contract Date: Aug 05, 2021
  • Current Sale Recording Date: Aug 06, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 26320
  • Previous Sale Recording Date: Feb 28, 2005
  • Previous Sale Amount: $510,000
  • 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

52

Average Home Size

2218 ft²

Average Home Age

55.9 years

Currently For Sale

79 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

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70131384

Frequently Asked Questions

When was property at 6 Chestnut Way built and last sold?
The property at 6 Chestnut Way was built in 1999 and last sold on Aug 5, 2021 for $661,000.
How much is this home worth?
The estimated value of the home located at 6 Chestnut Way is $530,112.
What are some comparable homes to 6 Chestnut Way?
There are currently no comparable homes to 6 Chestnut Way.
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