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Methuen Town 01844
7 Ellis St
$345,000
● House - Off Market

7 Ellis St

Methuen, MA 01844
bedrooms
5 Beds
bathrooms
3 Baths
square feet
2,370 Ft²
$570,635
RealtyHop Estimate
58.95%
Since Nov 1, 2017
National-US
Primary Model

About This Property

Roomy, Relaxing  & Ready! Definitely not a drive by! Move in today to this expansive 10 room  Ranch with inlaw potential. Great home for extended family and plenty of room for inlaws too.  Dining area with fireplace and open concept kitchen, living room with slider to deck that overlooks wooded back yard. Four bedrooms and two full baths complete the first floor level. Downstairs features finished game room including bar and pool table, and second fireplace. There  is potential for inlaw or teen suite with additional living room, summer kitchen, bedroom and bath. Fenced in rear yard with shed and electricity for above ground pool. Plenty of parking for 6 cars in the over sized driveway. Great commuter location with access to highway.  See all you can fit into this over sized ranch home.
Unit Size
2,370 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$151
Property Type
House
Property Taxes
$331
HOA Dues
-
Year Built
1970

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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 #72221314)

Price History

Date / Event Date Event Price
Oct 23, 2017 Sold
Premium
Sold
Aug 31, 2017 Listed by RE/MAX Insight $359,000
Listed by RE/MAX Insight

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • 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: 1,580
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 12,802
  • Total Building Area: 2,844
  • Gross Building Area: 3,256
  • Building Area: 2,844
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,844
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000294
  • 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: 11432
  • Parcel: METH M:01113 B:0109AK L:00002
  • Block: 109AK
  • Lot: 2
  • Municipality: METHUEN
  • Latitude: 42.7249
  • Longitude: -71.1348

    Address

  • Full Address: 7 Ellis St
  • Address - House Number: 7
  • Address - Street Name: Ellis
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C040
  • 4-Digit Zip Code: 6017
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $541,800

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 622,888
  • High Value: 736,122
  • Low Value: 509,654

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $463,100
  • Assessed Land Value: $174,700
  • Assessed Improvements Value: $288,400

    Sales

  • Current Sale Contract Date: Oct 23, 2017
  • Current Sale Recording Date: Oct 23, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 116907
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

$327

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2157 ft²

Average Home Age

55.2 years

Currently For Sale

74 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

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Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72221314

Frequently Asked Questions

When was property at 7 Ellis Street built and last sold?
The property at 7 Ellis Street was built in 1970 and last sold on Oct 23, 2017 for $345,000.
How much is this home worth?
The estimated value of the home located at 7 Ellis Street is $362,235.
What are some comparable homes to 7 Ellis Street?
There are currently no comparable homes to 7 Ellis Street.
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