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Methuen Town 01844
71 Milk St
$400,000
● House - Off Market

71 Milk St

Methuen, MA 01844
bedrooms
5 Beds
bathrooms
2 Baths
square feet
2,877 Ft²
$672,990
RealtyHop Estimate
68.25%
Since Jan 1, 2017
National-US
Primary Model

About This Property

Great colonial home with in-law or extended family potential. This oversized colonial offers an open concept with great wooded views. Central air, fireplace, central vac, walk up attic, tile, hardwood, walk out basement and in a great location. This property has been updated on the second floor and has a move in ready in-law. Maintenance free home in a great location will not last...
Unit Size
2,877 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$139
Property Type
House
Property Taxes
$453
HOA Dues
-
Year Built
1952

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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 #72057782)

Price History

Date / Event Date Event Price
Jan 7, 2020 Sold
Premium
Sold
Dec 9, 2016 Sold
Premium
Sold
Aug 24, 2016 Listed by Buyers Only LLC $399,999
Listed by Buyers Only LLC

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 1,157
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 15,202
  • Total Building Area: 2,744
  • Gross Building Area: 4,971
  • Building Area: 2,744
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,744
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000349
  • 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: 9194
  • Parcel: METH M:00912 B:00082 L:00002
  • Block: 82
  • Lot: 2
  • Municipality: METHUEN
  • Latitude: 42.7334
  • Longitude: -71.1557

    Address

  • Full Address: 71 Milk St
  • Address - House Number: 71
  • Address - Street Name: Milk
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C016
  • 4-Digit Zip Code: 4617
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $543,300

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 605,076
  • High Value: 700,651
  • Low Value: 509,502

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $464,400
  • Assessed Land Value: $180,500
  • Assessed Improvements Value: $283,900

    Sales

  • Current Sale Contract Date: Jan 07, 2020
  • Current Sale Recording Date: Jan 07, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 335
  • Previous Sale Recording Date: Dec 09, 2016
  • Previous Sale Amount: $400,000
  • Previous Sale Document Type: O
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

54.7 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: 5 months ago
Data Source: MLS PIN, MLS# 72057782

Frequently Asked Questions

When was property at 71 Milk Street built and last sold?
The property at 71 Milk Street was built in 1952 and last sold on Jan 7, 2020 for $270,000.
How much is this home worth?
The estimated value of the home located at 71 Milk Street is $404,816.
What are some comparable homes to 71 Milk Street?
There are currently no comparable homes to 71 Milk Street.
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