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Methuen Town 01844
8 Benefit St
$386,000
● House - Off Market

8 Benefit St

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,664 Ft²
$570,373
RealtyHop Estimate
46.63%
Since Sep 1, 2019
National-US
Primary Model

About This Property

Marsh School District, Set in one of West Methuen's most sought after neighborhoods.This home is on a quiet dead-end residential neighborhood.  This home is convenient to the highway with local walking/jogging trails, medical facility, and golf course. Interior recently painted. Granite countertops in kitchen. Wood fire-place in living room and lots of natural light from picture window. Spacious bedrooms with beautiful hardwood flooring and full-bathroom. Bonus room in basement includes dry-bar and bathroom with a shower.  Large deck off the back of the house, perfect for grilling and entertaining. No showings until first open house on June 23rd.
Unit Size
1,664 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$234
Property Type
House
Property Taxes
$350
HOA Dues
-
Year Built
1991

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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 #72521352)

Price History

Date / Event Date Event Price
Aug 2, 2019 Sold
Premium
Sold
Jun 19, 2019 Listed by Redfin Corp. $389,000
Listed by Redfin Corp.
Oct 25, 1996 Sold
Premium
Sold
Aug 30, 1996 Listed by Redfin Corp. $149,900
Listed by Redfin Corp.

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • 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: 800
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 1,664
  • Gross Building Area: 2,772
  • Building Area: 1,664
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,664
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • 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: RD

Geography

  • Account Number: 285
  • Parcel: METH M:00412 B:00126B L:00256A
  • Block: 126B
  • Lot: 256A
  • Municipality: METHUEN
  • Latitude: 42.7341
  • Longitude: -71.2198

    Address

  • Full Address: 8 Benefit St
  • Address - House Number: 8
  • Address - Street Name: Benefit
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C037
  • 4-Digit Zip Code: 1504
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $496,200

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 539,257
  • High Value: 637,288
  • Low Value: 441,226

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $424,100
  • Assessed Land Value: $168,000
  • Assessed Improvements Value: $256,100

    Sales

  • Current Sale Contract Date: Jul 29, 2019
  • Current Sale Recording Date: Aug 02, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 18369
  • Previous Sale Recording Date: Oct 25, 1996
  • Previous Sale Amount: $144,000
  • 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

53

Average Home Size

2192 ft²

Average Home Age

54.9 years

Currently For Sale

77 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# 72521352

Frequently Asked Questions

When was property at 8 Benefit Street built and last sold?
The property at 8 Benefit Street was built in 1991 and last sold on Jul 29, 2019 for $386,000.
How much is this home worth?
The estimated value of the home located at 8 Benefit Street is $401,195.
What are some comparable homes to 8 Benefit Street?
There are currently no comparable homes to 8 Benefit Street.
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