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Methuen Town 01844
6 Varnum Ave
$420,000
● House - Off Market

6 Varnum Ave

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,295 Ft²
$396,504
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

>>>HIGHEST AND BEST OFFERS DUE BY 8PM MONDAY, OCTOBER 25th<<< This ranch style home with great potential is located on a dead end street in East Methuen, MA. Consists of three bedrooms, one full bath, living room, dining room, kitchen and three-season sun room. See floor plans. Two-stall detached garage with plenty of off-street parking. Estate sale, property is being sold as is. The seller has never occupied the property.This listing is provided as a convenience to the Buyer. Buyer and/or Buyer's agent to verify all information prior to making an offer. All dimensions are approximate.
Unit Size
1,295 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$278
Property Type
House
Property Taxes
$365
HOA Dues
-
Year Built
1980

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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 years ago (MLSPIN #72911852)

Price History

Date / Event Date Event Price
Dec 3, 2021 Sold
Premium
Sold
Oct 22, 2021 Listed by Realty One Group Nest $359,900
Listed by Realty One Group Nest
Aug 3, 1993 Sold
Premium
Sold

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 1,295
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 16,801
  • Total Building Area: 1,295
  • Gross Building Area: 2,827
  • Building Area: 1,295
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,295
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000386
  • 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: 252601

Zoning

  • Zoning: RD

Geography

  • Account Number: 5103
  • Parcel: METH M:01111 B:00110C L:00122
  • Block: 110C
  • Lot: 122
  • Municipality: METHUEN
  • Latitude: 42.7354
  • Longitude: -71.1315

    Address

  • Full Address: 6 Varnum Ave
  • Address - House Number: 6
  • Address - Street Name: Varnum
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Methuen
  • Carrier Code: C044
  • 4-Digit Zip Code: 6232
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $486,000
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.2344
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 67
  • Final Value: 466,952
  • High Value: 576,438
  • Low Value: 357,466

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $415,400
  • Assessed Land Value: $184,300
  • Assessed Improvements Value: $231,100

    Sales

  • Current Sale Contract Date: Dec 03, 2021
  • Current Sale Recording Date: Dec 03, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 39572
  • Previous Sale Recording Date: Aug 03, 1993
  • Previous Sale Amount: $27,587
  • 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

Rentals Near You

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72911852

Frequently Asked Questions

When was property at 6 Varnum Avenue built and last sold?
The property at 6 Varnum Avenue was built in 1980 and last sold on Dec 3, 2021 for $420,000.
How much is this home worth?
The estimated value of the home located at 6 Varnum Avenue is $0.
What are some comparable homes to 6 Varnum Avenue?
There are currently no comparable homes to 6 Varnum Avenue.
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