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Methuen Town 01844
8 Horne St
$420,000
● House - Off Market

8 Horne St

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,248 Ft²
$445,717
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model

About This Property

---OPEN HOUSE SUNDAY 09/12/2021 11:00-1:00***Welcome to 8 Horne St. Methuen  This recently renovated home is ready and waiting for it's new owners to enjoy for years to come. The new kitchen is spacious, light and bright with stainless appliances and sliders to a deck to enjoy. Open concept dining room / living room and a sunporch complete the first floor. The second floor has 3 spacious bedrooms a renovated bath and additional space that could be used a small home office or oversized closet. Do not miss out on this great home.  Make your appointment today.
Unit Size
1,248 Ft²
Days on Market
-
Land Size
0.16 acres
Price per sqft
$320
Property Type
House
Property Taxes
$292
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 years ago (MLSPIN #72893505)

Price History

Date / Event Date Event Price
Nov 12, 2021 Sold
Premium
Sold
Sep 10, 2021 Listed by Stuart St James, Inc. $399,721
Listed by Stuart St James, Inc.
Jul 16, 2021 Sold
Premium
Sold

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 6
  • 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: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 624
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,922
  • Total Building Area: 1,248
  • Gross Building Area: 2,312
  • Building Area: 1,248
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,248
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000159
  • 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: 252400

Zoning

  • Zoning: RG

Geography

  • Account Number: 9048
  • Parcel: METH M:00714 B:00006 L:00003
  • Block: 6
  • Lot: 3
  • Municipality: METHUEN
  • Latitude: 42.7222
  • Longitude: -71.1812

    Address

  • Full Address: 8 Horne St
  • Address - House Number: 8
  • Address - Street Name: Horne
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C027
  • 4-Digit Zip Code: 3823
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $397,700

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 468,699
  • High Value: 553,903
  • Low Value: 383,495

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $339,900
  • Assessed Land Value: $153,900
  • Assessed Improvements Value: $186,000

    Sales

  • Current Sale Contract Date: Nov 12, 2021
  • Current Sale Recording Date: Nov 12, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 37491
  • Previous Sale Recording Date: Jul 16, 2021
  • Previous Sale Contract Date: Jul 16, 2021
  • Previous Sale Amount: $260,000
  • 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

53

Average Home Size

2222 ft²

Average Home Age

57.4 years

Currently For Sale

65 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

Click here to view more rentals in the neighborhood.
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72893505

Frequently Asked Questions

When was property at 8 Horne Street built and last sold?
The property at 8 Horne Street was built in 1920 and last sold on Nov 12, 2021 for $420,000.
How much is this home worth?
The estimated value of the home located at 8 Horne Street is $0.
What are some comparable homes to 8 Horne Street?
There are currently no comparable homes to 8 Horne Street.
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