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Methuen Town 01844
8 First Ave
$377,000
● House - Off Market

8 First Ave

Methuen, MA 01844
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,500 Ft²
$779,599
RealtyHop Estimate
94.95%
Since Nov 1, 2013
National-US
Primary Model

About This Property

There's truly something wonderful about living on the water. If you are looking for a peaceful setting that will make you feel like you are on vacation everyday than this waterfront home on Forest Lake is for you! Completely renovated with quality workmanship.Some of the features include; beautiful upgraded kitchen with granite that leads to an open concept fireplace living room.Hardwood floors and tile in both baths. The home faces southwest which offers stunning sunsets from your choice of the dock or upper deck. Two-car garage, irrigation, hardwired generator. Newer pontoon boat and generator will remain as a gift.
Unit Size
1,500 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$267
Property Type
House
Property Taxes
$274
HOA Dues
-
Year Built
1930

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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 #71564329)

Price History

Date / Event Date Event Price
Oct 15, 2013 Sold
Premium
Sold
Aug 1, 2013 Listed by Coco, Early & Associates $399,900
Listed by Coco, Early & Associates
Apr 23, 1996 Sold
Premium
Sold
Aug 25, 1995 Listed by Coco, Early & Associates $99,000
Listed by Coco, Early & Associates

Property Highlights

Parking Available
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 1
  • 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: 720
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,826
  • Total Building Area: 1,370
  • Gross Building Area: 2,062
  • Building Area: 1,370
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,370
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000157
  • 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: 252202

Zoning

  • Zoning: RR

Geography

  • Account Number: 8008
  • Parcel: METH M:00214 B:00128 L:00080
  • Block: 128
  • Lot: 80
  • Municipality: METHUEN
  • Latitude: 42.7276
  • Longitude: -71.2435

    Address

  • Full Address: 8 1st Ave
  • Address - House Number: 8
  • Address - Street Name: 1st
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Methuen
  • Carrier Code: R008
  • 4-Digit Zip Code: 1004
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $523,000

    Appraisal Valuation

  • Standard Deviation: 0.1558
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 646,308
  • High Value: 747,049
  • Low Value: 545,566

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $447,000
  • Assessed Land Value: $167,100
  • Assessed Improvements Value: $279,900

    Sales

  • Current Sale Recording Date: Oct 15, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 00000002
  • Previous Sale Recording Date: Apr 23, 1996
  • Previous Sale Amount: $87,500
  • Previous Sale Document Type: 27
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

Unit for rent at 58 Brady, Salem, 03079

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,751 ft²
58 Brady, Salem, 03079 Listing by Nancy Bilodeau

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71564329

Frequently Asked Questions

When was property at 8 1st Avenue built and last sold?
The property at 8 1st Avenue was built in 1930 and last sold on Jan 1, 1970 for $377,000.
How much is this home worth?
The estimated value of the home located at 8 1st Avenue is $406,713.
What are some comparable homes to 8 1st Avenue?
There are currently no comparable homes to 8 1st Avenue.
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