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Methuen Town 01844 Prospect Hill - Back Bay
8 King Street
$315,000
● House - Off Market

8 King Street

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,488 Ft²
$1,859
Est. Monthly

About This Property

The previous buyer backed out due to family matter. ATTENTION ALL CONTRACTORS & HOUSE FLIPPERS!This colonial is full of potential for anyone looking to renovate or flip homes. Located on a family oriented street and just minutes from highway access and hospitals, this home has 6 rooms, 3 bedrooms and 1 full bath. Spacious backyard with large exterior Barn/Shed. The full unfinished basement offers plenty of additional storage space. Cash offers preferred. The garage is not part of the property.
Unit Size
1,488 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$205
Property Type
House
Property Taxes
$361
HOA Dues
-
Year Built
1925

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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 #73286304)

Price History

Date / Event Date Event Price
Oct 18, 2024 Sold
Premium
Sold
Sep 20, 2024 In contract -
In contract
Sep 17, 2024 Relisted $305,000
Relisted
Sep 12, 2024 In contract -
In contract
Sep 6, 2024 Listed by RE/MAX Partners $305,000
Listed by RE/MAX Partners
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1925
  • Effective Year Built: 1925
  • 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: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 744
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,975
  • Total Building Area: 1,488
  • Gross Building Area: 3,015
  • Building Area: 1,488
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,488
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000068
  • 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: 252501

Zoning

  • Zoning: MB

Geography

  • Account Number: 14428
  • Parcel: METH M:00914 B:00105 L:00137
  • Block: 105
  • Lot: 137
  • Municipality: METHUEN
  • Latitude: 42.7221
  • Longitude: -71.1548

    Address

  • Full Address: 8 King St
  • Address - House Number: 8
  • Address - Street Name: King
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C023
  • 4-Digit Zip Code: 5375
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $409,300

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 455,556
  • High Value: 527,513
  • Low Value: 383,599

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $349,800
  • Assessed Land Value: $142,800
  • Assessed Improvements Value: $207,000

    Sales

  • Current Sale Recording Date: Nov 30, 2000
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Previous Sale Recording Date: May 01, 1992
  • Previous Sale Amount: $80,000
  • 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 Prospect Hill - Back Bay

Stats & Trends

Median Asking:

$552,000

Sale Price/ft²

$320

Above Asking

0.00%

Average Days on Market

47

Average Home Size

1324 ft²

Average Home Age

81.9 years

Currently For Sale

7 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73286304

Frequently Asked Questions

When was property at 8 King Street built and last sold?
The property at 8 King Street was built in 1925 and last sold on Jan 1, 1970 for $101,000.
How much is this home worth?
The estimated value of the home located at 8 King Street is $305,184.
What are some comparable homes to 8 King Street?
There are currently no comparable homes to 8 King Street.
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