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Methuen Town 01844
7 Edwin Ave
$468,000
● House - Off Market

7 Edwin Ave

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,100 Ft²
$662,628
RealtyHop Estimate
44.36%
Since Mar 1, 2020
National-US
Primary Model

About This Property

Lots to offer with this custom one-owner contemporary tri-level. The location is fantastic, close to major roads, on a dead-end, plus a double lot with near a half acre of land. Living room offers a beautiful custom fireplace with pellet stove, hardwood floors, picture window and vaulted ceiling plus skylight. Open concept dining room and kitchen featuring sliding door to deck, hardwood, and peninsula. Bedrooms on the upper level all have hardwood floors. Lower level has family room, bedroom, full bathroom. This home has great versatility, accommodating many lifestyles and needs. SHOWINGS BEGIN SUNDAY, JANUARY 5, 2020, 11-1.
Unit Size
2,100 Ft²
Days on Market
-
Land Size
0.46 acres
Price per sqft
$219
Property Type
House
Property Taxes
$365
HOA Dues
-
Year Built
1982

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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 #72603581)

Price History

Date / Event Date Event Price
Feb 27, 2020 Sold
Premium
Sold
Dec 30, 2019 Listed by RE/MAX Main St. Associates $459,000
Listed by RE/MAX Main St. Associates

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1982
  • Effective Year Built: 1982
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 41
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,296
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 20,173
  • Total Building Area: 1,634
  • Gross Building Area: 3,152
  • Building Area: 1,634
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,634
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000463
  • 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: 252601

Zoning

  • Zoning: RD

Geography

  • Account Number: 7830
  • Parcel: METH M:01111 B:00110C L:00097B
  • Block: 110C
  • Lot: 97B
  • Municipality: METHUEN
  • Latitude: 42.7333
  • Longitude: -71.1289

    Address

  • Full Address: 7 Edwin Ave
  • Address - House Number: 7
  • Address - Street Name: Edwin
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Methuen
  • Carrier Code: C044
  • 4-Digit Zip Code: 6308
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $608,400
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.162
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 663,360
  • High Value: 770,837
  • Low Value: 555,883

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $520,000
  • Assessed Land Value: $184,400
  • Assessed Improvements Value: $335,600

    Sales

  • Current Sale Contract Date: Feb 25, 2020
  • Current Sale Recording Date: Feb 27, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 4823
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# 72603581

Frequently Asked Questions

When was property at 7 Edwin Avenue built and last sold?
The property at 7 Edwin Avenue was built in 1982 and last sold on Feb 25, 2020 for $468,000.
How much is this home worth?
The estimated value of the home located at 7 Edwin Avenue is $475,145.
What are some comparable homes to 7 Edwin Avenue?
There are currently no comparable homes to 7 Edwin Avenue.
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