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Methuen Town 01844
8 Laurel Avenue
$205,000
● House - Off Market

8 Laurel Avenue

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,080 Ft²
$504,289
RealtyHop Estimate
140.25%
Since Mar 1, 2003
National-US
Primary Model

About This Property

ADORABLE CAPE IN QUIET METHUEN NEIGHBORHOOD.CONDO ALTERNATIVE.THIS HOME HAS 6 RMS 2/3 BDRMS & HARDWOOD THROUGH OUT.WALKOUT BASEMENT TO BEAUTIFULLY LANDSCAPED YD W/NEW ABOVE GROUND POOL.MINUTES TO RTE 93-GREAT COMMUTER LOCATION.
Unit Size
1,080 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$194
Property Type
House
Property Taxes
$146
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 #30658810)

Price History

Date / Event Date Event Price
Sep 14, 2007 Sold
Premium
Sold
Feb 21, 2003 Sold
Premium
Sold
Oct 16, 2002 Listed by Century 21 McLennan & Company $209,900
Listed by Century 21 McLennan & Company

Property Highlights

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 4
  • 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: 7
  • Basement Area: 720
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 1,332
  • Gross Building Area: 2,440
  • Building Area: 1,332
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,332
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GLEN FOREST
  • Land Acres: 0000000115
  • 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: 252101

Zoning

  • Zoning: RG

Geography

  • Account Number: 6242
  • Parcel: METH M:00618 B:00161 L:00014
  • Block: 161
  • Lot: 14
  • Municipality: METHUEN
  • Latitude: 42.7016
  • Longitude: -71.1955

    Address

  • Full Address: 8 Laurel Ave
  • Address - House Number: 8
  • Address - Street Name: Laurel
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Methuen
  • Carrier Code: C047
  • 4-Digit Zip Code: 3310
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $422,000

    Appraisal Valuation

  • Standard Deviation: 0.1874
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 465,538
  • High Value: 552,810
  • Low Value: 378,267

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $360,700
  • Assessed Land Value: $156,000
  • Assessed Improvements Value: $204,700

    Sales

  • Current Sale Recording Date: Sep 14, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 27802
  • Previous Sale Recording Date: Feb 21, 2003
  • Previous Sale Amount: $205,000
  • 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

$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# 30658810

Frequently Asked Questions

When was property at 8 Laurel Avenue built and last sold?
The property at 8 Laurel Avenue was built in 1950 and last sold on Jan 1, 1970 for $255,000.
How much is this home worth?
The estimated value of the home located at 8 Laurel Avenue is $219,941.
What are some comparable homes to 8 Laurel Avenue?
There are currently no comparable homes to 8 Laurel Avenue.
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