60 Baremeadow Street
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 10, 2025 | Sold | ||
| Sold | |||
| Dec 10, 2024 | In contract | - | |
| In contract | |||
| Dec 4, 2024 | Listed by Advisors Living - Andover | $450,000 | |
| Listed by Advisors Living - Andover | |||
| | |||
|
This solid Cape was built in 1952 and was always occupied by the same family. The next owner has the opportunity to renovate and update the house as their time and funds allow. The original house has 3 Bedrooms and 2 Full Baths. One Bedroom is on the main level, ideal for anyone with mobility issues. The attached addition (permitted in 1995) has 1 Bedroom, a 3/4 Bath, a Common Area and its own egress. It could be an ideal income producing ADU (with the new state regulations effective 2/1/25) or used by extended family. Located in East Methuen, you have quick access to Route 495 for commuters. It's just minutes from The Loop and tax-free Salem, NH for an abundance of shopping and dining venues. We are priced accordingly, for the savvy buyer who doesn't mind living in the home while they put some effort into updating it and immediately increase their equity. The property is being sold AS-IS and the sellers will not make any repairs. The home will likely not qualify for FHA financing.
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017