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Methuen Town 01844
7 Butternut Ln
$335,000
● House - Off Market

7 Butternut Ln

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,559 Ft²
$544,539
RealtyHop Estimate
51.30%
Since Aug 1, 2018
National-US
Primary Model

About This Property

Estate Sale. This Ranch  offers a large lot with the opportunity to have your only gardens. Located in deseriable West Methuen location this home is being sold AS IS.   Home is in need of updates and repairs.A little sweat equity will go along way to making this your home. There is hardwood floors and tile throughout.
Unit Size
2,559 Ft²
Days on Market
-
Land Size
0.53 acres
Price per sqft
$141
Property Type
House
Property Taxes
$391
HOA Dues
-
Year Built
1963

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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 #72328573)

Price History

Date / Event Date Event Price
Jul 27, 2018 Sold
Premium
Sold
May 16, 2018 Listed by Shepherd Realty $359,900
Listed by Shepherd Realty
Oct 28, 2014 Sold
Premium
Sold
Jul 30, 2014 Listed by Shepherd Realty $365,000
Listed by Shepherd Realty

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,044
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 23,000
  • Total Building Area: 2,559
  • Gross Building Area: 5,270
  • Building Area: 2,559
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,559
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000528
  • 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: RB

Geography

  • Account Number: 6115
  • Parcel: METH M:00418 B:00129B L:00016F
  • Block: 129B
  • Lot: 16F
  • Municipality: METHUEN
  • Latitude: 42.7084
  • Longitude: -71.2214

    Address

  • Full Address: 7 Butternut Ln
  • Address - House Number: 7
  • Address - Street Name: Butternut
  • Address - Suffix Type: Ln
  • State: MA
  • City Name: Methuen
  • Carrier Code: C030
  • 4-Digit Zip Code: 1912
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $558,600

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 602,712
  • High Value: 712,279
  • Low Value: 493,146

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $477,400
  • Assessed Land Value: $207,500
  • Assessed Improvements Value: $269,900

    Sales

  • Current Sale Recording Date: Jul 27, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 18060
  • Previous Sale Recording Date: Oct 28, 2014
  • Previous Sale Amount: $363,000
  • 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

53

Average Home Size

2191 ft²

Average Home Age

55.3 years

Currently For Sale

76 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# 72328573

Frequently Asked Questions

When was property at 7 Butternut Lane built and last sold?
The property at 7 Butternut Lane was built in 1963 and last sold on Jan 1, 1970 for $335,000.
How much is this home worth?
The estimated value of the home located at 7 Butternut Lane is $394,680.
What are some comparable homes to 7 Butternut Lane?
There are currently no comparable homes to 7 Butternut Lane.
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