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Methuen Town 01844
615 Forest St
$330,000
● House - Off Market

615 Forest St

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,331 Ft²
$553,719
RealtyHop Estimate
60.54%
Since Jul 1, 2017
National-US
Primary Model

About This Property

Perfect home for first time home buyers! Oversized 4 bedroom cape in sought after West Methuen. Kitchen features beautiful granite counters and hardwood flooring. Cozy up with the family in this very generous living room with wood burning fireplace. First floor has a good sized bedroom and bonus room that could be used as an office/5th bedroom if needed. There are 3 bedrooms on the 2nd floor with the master being very spacious. Full size basement and 1 car garage. The yard is over 1/2 acre, tree lined for family fun. Home located less than 1/2 mile from Marsh School. Schedule a private showing today......won't last!
Unit Size
2,331 Ft²
Days on Market
-
Land Size
0.63 acres
Price per sqft
$148
Property Type
House
Property Taxes
$364
HOA Dues
-
Year Built
1965

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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 #72174472)

Price History

Date / Event Date Event Price
Jun 30, 2017 Sold
Premium
Sold
Jun 1, 2017 Listed by Century 21 North Shore/Dolan & Kane $344,900
Listed by Century 21 North Shore/Dolan & Kane
Aug 5, 2011 Sold
Premium
Sold
Jun 9, 2011 Listed by Century 21 North Shore/Dolan & Kane $259,900
Listed by Century 21 North Shore/Dolan & Kane

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • Exterior Walls Type: 18
  • 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: 1,230
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 30,562
  • Total Building Area: 2,331
  • Gross Building Area: 4,256
  • Building Area: 2,331
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,331
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000702
  • 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: RA

Geography

  • Account Number: 8067
  • Parcel: METH M:00314 B:00131 L:00053E
  • Block: 131
  • Lot: 53E
  • Municipality: METHUEN
  • Latitude: 42.7226
  • Longitude: -71.23

    Address

  • Full Address: 615 Forest St
  • Address - House Number: 615
  • Address - Street Name: Forest
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: R012
  • 4-Digit Zip Code: 1440
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $546,700

    Appraisal Valuation

  • Standard Deviation: 0.1692
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 572,401
  • High Value: 669,307
  • Low Value: 475,496

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $467,300
  • Assessed Land Value: $217,300
  • Assessed Improvements Value: $250,000

    Sales

  • Current Sale Recording Date: Jun 30, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 16585
  • Previous Sale Recording Date: Aug 05, 2011
  • Previous Sale Amount: $255,000
  • 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

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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72174472

Frequently Asked Questions

When was property at 615 Forest Street built and last sold?
The property at 615 Forest Street was built in 1965 and last sold on Jan 1, 1970 for $330,000.
How much is this home worth?
The estimated value of the home located at 615 Forest Street is $365,772.
What are some comparable homes to 615 Forest Street?
There are currently no comparable homes to 615 Forest Street.
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