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Methuen Town 01844
61 Forest St
$280,000
● House - Off Market

61 Forest St

Methuen, MA 01844
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,476 Ft²
$520,448
RealtyHop Estimate
85.87%
Since Jul 1, 2014
National-US
Primary Model

About This Property

Centrally located Ranch in Methuen. This home features a top of the line kitchen remodel, with Cherry cabinets, Granite counter tops & Stainless steel appliances. Home has large rooms and a beautiful fenced in yard with a deck off the living room. The living room could easily be used as a third bedroom with it's own bathroom. This home is in immaculate condition and has had many upgrades. Make an appointment today.
Unit Size
1,476 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$190
Property Type
House
Property Taxes
$266
HOA Dues
-
Year Built
1956

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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 #71673862)

Price History

Date / Event Date Event Price
Jun 27, 2014 Sold
Premium
Sold
May 2, 2014 Listed by Coco, Early & Associates The Andovers $280,000
Listed by Coco, Early & Associates The Andovers
Mar 28, 2013 Sold
Premium
Sold
Nov 28, 2012 Listed by Coco, Early & Associates The Andovers $259,900
Listed by Coco, Early & Associates The Andovers
Jun 30, 1998 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1956
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 1,436
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 12,641
  • Total Building Area: 1,476
  • Gross Building Area: 3,162
  • Building Area: 1,476
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,476
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: METHUEN
  • Land Acres: 0000000290
  • 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: 252201

Zoning

  • Zoning: RD

Geography

  • Account Number: 12491
  • Parcel: METH M:00516 B:00152 L:00029A
  • Block: 152
  • Lot: 29A
  • Municipality: METHUEN
  • Latitude: 42.7091
  • Longitude: -71.2079

    Address

  • Full Address: 61 Forest St
  • Address - House Number: 61
  • Address - Street Name: Forest
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C021
  • 4-Digit Zip Code: 2752
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $458,500

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 493,423
  • High Value: 583,121
  • Low Value: 403,724

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $391,900
  • Assessed Land Value: $174,300
  • Assessed Improvements Value: $217,600

    Sales

  • Current Sale Recording Date: Jun 27, 2014
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 13515
  • Previous Sale Recording Date: Mar 28, 2013
  • Previous Sale Amount: $259,900
  • Previous Sale Document Type: O
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

2235 ft²

Average Home Age

55.5 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71673862

Frequently Asked Questions

When was property at 61 Forest Street built and last sold?
The property at 61 Forest Street was built in 1956 and last sold on Jan 1, 1970 for $280,000.
How much is this home worth?
The estimated value of the home located at 61 Forest Street is $295,726.
What are some comparable homes to 61 Forest Street?
There are currently no comparable homes to 61 Forest Street.
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