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Methuen Town 01844
8 Brook Street
$450,000
● House - Off Market

8 Brook Street

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,454 Ft²
$410,687
RealtyHop Estimate
0.17%
Since Jul 1, 2023
National-US
Primary Model

About This Property

Terrific Opportunity! One level living in this spacious ranch, with open floor plan in a fantastic neighborhood setting. The fireplaced living room features an expansive window to overlook your backyard, and let tons of natural light fill the space. The primary bedroom as well as the other 2 bedrooms are well sized and offer good sized closets. A separate hot water heating system and separate central air conditioning system provides comfort in all seasons. Newer vinyl windows, backyard shed. Some TLC can make this home truly special. Very conveniently located to many major routes.  Don't miss it!
Unit Size
1,454 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$282
Property Type
House
Property Taxes
$330
HOA Dues
-
Year Built
1950

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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 #73107643)

Price History

Date / Event Date Event Price
Jun 9, 2023 Sold
Premium
Sold
May 9, 2023 In contract -
In contract
May 4, 2023 Listed by Berkshire Hathaway HomeServices Verani Realty Methuen $410,000
Listed by Berkshire Hathaway HomeServices Verani Realty Methuen

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,102
  • Total Building Area: 1,454
  • Gross Building Area: 3,550
  • Building Area: 1,454
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,454
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000232
  • 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: 11998
  • Parcel: METH M:00814 B:00089 L:00006
  • Block: 89
  • Lot: 6
  • Municipality: METHUEN
  • Latitude: 42.7302
  • Longitude: -71.1629

    Address

  • Full Address: 8 Brook St
  • Address - House Number: 8
  • Address - Street Name: Brook
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C016
  • 4-Digit Zip Code: 5002
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $395,600

    Appraisal Valuation

  • Standard Deviation: 0.1852
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 451,875
  • High Value: 535,601
  • Low Value: 368,150

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $338,100
  • Assessed Land Value: $168,200
  • Assessed Improvements Value: $169,900

    Sales

  • Current Sale Contract Date: Jun 09, 2023
  • Current Sale Recording Date: Jun 09, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 8880
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

2195 ft²

Average Home Age

55.4 years

Currently For Sale

69 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: 4 months ago
Data Source: MLS PIN, MLS# 73107643

Frequently Asked Questions

When was property at 8 Brook Street built and last sold?
The property at 8 Brook Street was built in 1950 and last sold on Jun 9, 2023 for $450,000.
How much is this home worth?
The estimated value of the home located at 8 Brook Street is $422,004.
What are some comparable homes to 8 Brook Street?
There are currently no comparable homes to 8 Brook Street.
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