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Methuen Town 01844
609 Lowell St
$392,000
● House - Off Market

609 Lowell St

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,350 Ft²
$467,356
RealtyHop Estimate
29.86%
Since Feb 1, 2021
National-US
Primary Model

About This Property

Multiple offers...final & best by noon on Monday. Here is your opportunity to own this Traditional Colonial home that abutts the Hickory Golf Course. The update kitchen includes a ceramic farmer's sink, maple cabinets, silestone counters and stainless steel appliances. This 3 bedroom, 2 bath home also features hardwood floors, pellet stove, a spacious 3 season porch, walk up attic, replacement windows, a fully fenced backyard and an above ground pool. Bonus...over-sized 2 car+ garage w high ceilings (can accommodate a car lift) a work area & game room in back with wood stove...ideal for storing recreational vehicles, parking cars, learning new skills & mastering projects. Prime location with easy access to highways, shopping, entertainment, restaurants, etc.
Unit Size
1,350 Ft²
Days on Market
-
Land Size
0.21 acres
Price per sqft
$267
Property Type
House
Property Taxes
$304
HOA Dues
-
Year Built
1900

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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 #72744169)

Price History

Date / Event Date Event Price
Jan 14, 2021 Sold
Premium
Sold
Oct 16, 2020 Listed by RE/MAX American Dream $359,900
Listed by RE/MAX American Dream
Apr 22, 1994 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1900
  • Effective Year Built: 1900
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 726
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 8,973
  • Total Building Area: 1,350
  • Gross Building Area: 2,407
  • Building Area: 1,350
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,350
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000206
  • 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: 252102

Zoning

  • Zoning: IL

Geography

  • Account Number: 11533
  • Parcel: METH M:00318 B:00165A L:00017
  • Block: 165A
  • Lot: 17
  • Municipality: METHUEN
  • Latitude: 42.6956
  • Longitude: -71.2272

    Address

  • Full Address: 609 Lowell St
  • Address - House Number: 609
  • Address - Street Name: Lowell
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: R002
  • 4-Digit Zip Code: 2207
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $415,600

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 460,914
  • High Value: 533,717
  • Low Value: 388,111

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $355,200
  • Assessed Land Value: $151,700
  • Assessed Improvements Value: $203,500

    Sales

  • Current Sale Contract Date: Jan 06, 2021
  • Current Sale Recording Date: Jan 14, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 1437
  • Previous Sale Recording Date: Apr 22, 1994
  • Previous Sale Amount: $85,900
  • 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

$327

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2157 ft²

Average Home Age

54.7 years

Currently For Sale

73 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# 72744169

Frequently Asked Questions

When was property at 609 Lowell Street built and last sold?
The property at 609 Lowell Street was built in 1900 and last sold on Jan 6, 2021 for $392,000.
How much is this home worth?
The estimated value of the home located at 609 Lowell Street is $0.
What are some comparable homes to 609 Lowell Street?
There are currently no comparable homes to 609 Lowell Street.
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