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Methuen Town 01844
7 Milk St
$218,000
● House - Off Market

7 Milk St

Methuen, MA 01844
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1,398 Ft²
$386,388
RealtyHop Estimate
77.24%
Since Feb 1, 2016
National-US
Primary Model

About This Property

Welcome Home!  Perfect starter or down-sizing home with warm and inviting living space and high ceilings.  This home has some great features, including (but not limited to) a 1st floor laundry room, a natural gas heating system that requires no electricity, and a nice fenced in yard with 2 out buildings.  Great location, only 1 mile from Veterans Memorial Park, the Loop Mall (Starbucks, Mann Orchards, AMC Cinema, Market Basket, Home Depot, and multiple restaurants etc...), short drives from 2 local hospitals, and  5 Miles from Salem NH shopping district.  Quick access to routes 93, 495, 213 and a short 20 minutes to Salisbury Beach Reservation.  A really great place to start out, or have a cozy retirement.
Unit Size
1,398 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$156
Property Type
House
Property Taxes
$233
HOA Dues
-
Year Built
1920

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Cap Rate Calculator

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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 months ago (MLSPIN #71938140)

Price History

Date / Event Date Event Price
Jan 27, 2016 Sold
Premium
Sold
Dec 3, 2015 Listed by Cowley Associates $218,000
Listed by Cowley Associates
Oct 18, 2007 Sold
Premium
Sold
Aug 1, 2007 Listed by Cowley Associates $289,900
Listed by Cowley Associates
Jul 29, 2004 Sold
Premium
Sold
Show More

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 772
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,517
  • Total Building Area: 1,448
  • Gross Building Area: 2,498
  • Building Area: 1,448
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,448
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: PLAN 28233A
  • Land Acres: 0000000150
  • 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: 252502

Zoning

  • Zoning: RC

Geography

  • Account Number: 5871
  • Parcel: METH M:00914 B:00099 L:00031
  • Block: 99
  • Lot: 31
  • Municipality: METHUEN
  • Latitude: 42.7278
  • Longitude: -71.1574

    Address

  • Full Address: 7 Milk Ave
  • Address - House Number: 7
  • Address - Street Name: Milk
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Methuen
  • Carrier Code: C026
  • 4-Digit Zip Code: 5135
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $437,300

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 499,970
  • High Value: 590,859
  • Low Value: 409,081

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $373,800
  • Assessed Land Value: $159,600
  • Assessed Improvements Value: $214,200

    Sales

  • Current Sale Recording Date: Oct 18, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 48
  • Current Sale Input Document Number: 13565
  • Previous Sale Recording Date: Sep 01, 1993
  • Previous Sale Amount: $114,900
  • Previous Sale Document Type: 43
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

$326

Below Asking

0.01%

Average Days on Market

52

Average Home Size

2226 ft²

Average Home Age

53.5 years

Currently For Sale

75 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# 71938140

Frequently Asked Questions

When was property at 7 Milk Avenue built and last sold?
The property at 7 Milk Avenue was built in 1920 and last sold on Jan 1, 1970 for $280,000.
How much is this home worth?
The estimated value of the home located at 7 Milk Avenue is $237,269.
What are some comparable homes to 7 Milk Avenue?
There are currently no comparable homes to 7 Milk Avenue.
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