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Methuen Town 01844
7 Chestnut Way
Photo of 7 Chestnut Way
Sold on Oct 12, 2007

1

Map

$597,000
● House - Off Market

7 Chestnut Way

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
3,526 Ft²
$1,099,477
RealtyHop Estimate
77.36%
Since Nov 1, 2007
National-US
Primary Model

About This Property

Custom built Colonial featuring an open two-story foyer. A chef's delight is this cherry kitchen, open to step down Family room with 9' ceiling, Open & spacious floor plan make this home great for entertaining. All LARGE rooms, convenient 2nd floor laundry, relax on the three tier deck overlooking private yard, beautiful perrenial gardens and koi pond.  All this plus set in a sought after neighborhood perfect for a large family. A Must see to appreciate it's real value!
Unit Size
3,526 Ft²
Days on Market
-
Land Size
1.19 acres
Price per sqft
$176
Property Type
House
Property Taxes
$442
HOA Dues
-
Year Built
2000

Payment Calculator

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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: 5 months ago (MLSPIN #70587404)

Price History

Date / Event Date Event Price
Oct 15, 2007 Sold
Premium
Sold
May 30, 2007 Listed $619,900
Listed
Nov 15, 2000 Sold
Premium
Sold
Jul 17, 2000 Sold
Premium
Sold
Sep 21, 1999 Listed $289,900
Listed

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 10
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 19
  • 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: 1,380
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 51,836
  • Total Building Area: 2,925
  • Gross Building Area: 6,985
  • Building Area: 2,925
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,925
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CHESTNUT HILLS METHUEN
  • Land Acres: 0000001190
  • 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: 252603

Zoning

  • Zoning: RA

Geography

  • Account Number: 15790
  • Parcel: METH M:00810 B:00077E L:00004A
  • Block: 77E
  • Lot: 4A
  • Municipality: METHUEN
  • Latitude: 42.7512
  • Longitude: -71.165

    Address

  • Full Address: 7 Chestnut Way
  • Address - House Number: 7
  • Address - Street Name: Chestnut
  • Address - Suffix Type: Way
  • State: MA
  • City Name: Methuen
  • Carrier Code: R015
  • 4-Digit Zip Code: 2692
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $846,300
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.171
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 78
  • Final Value: 928,100
  • High Value: 1,086,889
  • Low Value: 769,312

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $723,300
  • Assessed Land Value: $238,900
  • Assessed Improvements Value: $484,400

    Sales

  • Current Sale Recording Date: Oct 15, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 30160
  • Previous Sale Recording Date: Jul 17, 2000
  • Previous Sale Amount: $334,514
  • 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

53

Average Home Size

2192 ft²

Average Home Age

54.9 years

Currently For Sale

77 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: 5 months ago
Data Source: MLS PIN, MLS# 70587404

Frequently Asked Questions

When was property at 7 Chestnut Way built and last sold?
The property at 7 Chestnut Way was built in 2000 and last sold on Jan 1, 1970 for $597,000.
How much is this home worth?
The estimated value of the home located at 7 Chestnut Way is $650,388.
What are some comparable homes to 7 Chestnut Way?
There are currently no comparable homes to 7 Chestnut Way.
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