$280,000
●
Property -
Off Market
7 Ferry Road #7
Methuen, MA 01844
Studio
2 Baths,
1
Half Bath
1,430 Ft²
$472,461
RealtyHop Estimate
68.80%
Since Oct 1, 2006
National-US
Primary Model
About This Property
Immaculate townehouse settled on 2 acres. Lovely lanscaping and a
multi tiered deck surround this home. Fireplaced living room and
beautiful decor throughout... third floor finshed for extended
living area as office, bedroom or media room... no condo fees and
easy access to major highways and mall..call for private showing,
on lockbox and easy to accomodate...
Unit Size
1,430 Ft²
Days on Market
-
Land Size
2.00 acres
Price per sqft
$196
Property Type
Property
Property Taxes
$188
HOA Dues
-
Year Built
1992
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Cap Rate Calculator
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Monthly Rental Income
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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 years ago (MLSPIN #70394309)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 28, 2006 | Sold | ||
| Sold | |||
| May 25, 2006 | Listed by Keller Williams Realty Evolution | $279,900 | |
| Listed by Keller Williams Realty Evolution | |||
| Aug 30, 1999 | Sold | ||
| Sold | |||
| Jul 6, 1999 | Listed | $149,970 | |
| Listed | |||
| | |||
|
SEVEN YEAR YOUNG 5 ROOM, 3 BEDROOM, 1.5 BATH CONDEX ON GORGEOUS 1 ACRE LOT. LARGE KITCHEN WITH SLIDER TO DECK. 1 CAR GARAGE UNDER, THERMAL WINDOWS, VINYL SIDING, HUMIDIFIER, ARE SOME OF THE EXTRAS.
| |||
Property Highlights
Parking Available
Fireplace
Interior Details
Level: First
Width: 12
Length: 16
Area: 192
Level: Second
Width: 11
Length: 13
Area: 143
Length: 18
Level: First
Area: 216
Width: 12
Width: 16
Length: 21
Area: 336
Level: Third
Level: Second
Length: 13
Width: 11
Area: 143
Features: No
Half Bathrooms: 1
Full Bathrooms: 1
Appliances: Dishwasher, Refrigerator, Gas Water Heater, Tank Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Oven
Rooms: 5
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: Y
Parking Details
Has Garage
Parking Features: Off Street
Garage Spaces: 1
Exterior Details
Has Property Attached
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condex
Structure Type: Half-Duplex
Stories (Total): 3
Building Area Units: Square Feet
Window Features: Insulated Windows, Storm Window(s)
Construction Materials: Frame
Patio and Porch Features: Porch, Deck
Lead Paint: Unknown
Lot Size Area: 2
Lot Size Units: Acres
Lot Size Acres: 2
Zoning: res
Parcel Number: 3692367
Water Source: Public, City/Town Water
Financial Details
Tax Assessed Value: $224,900
Tax Annual Amount: $2,258
Utilities Details
Utilities: for Gas Range, for Gas Oven
Cooling Type: None
Heating Type: Forced Air, Natural Gas
Location Details
Management: No Management
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/25/2006
|
Loft
|
2 Bath
|
1430 ft²
|
$279,900
Loft
2 Bath
1430 ft²
|
$280,000
+0.04%
09/28/2006
|
Lisa Bouchard
Keller Williams Realty Evolution
| |
|
02/05/2001
|
Loft
|
2 Bath
|
1554 ft²
|
$174,900
Loft
2 Bath
1554 ft²
|
$180,000
+2.92%
04/02/2001
|
Richard Coco
RE/MAX Partners
| |
|
07/06/1999
|
3 Bed
|
2 Bath
|
1544 ft²
|
$149,970
3 Bed
2 Bath
1544 ft²
|
$151,000
+0.69%
08/30/1999
|
Richard Coco
RE/MAX Partners
|
Building Info
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