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Methuen Town 01844
8 Locust Rd
Photo of 8 Locust Rd
Sold on May 16, 2025

32

Map

Photo of 8 Locust Rd
Photo of 8 Locust Rd
$600,000
● House - Off Market

8 Locust Rd

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,876 Ft²
$3,371
Est. Monthly
4.85%
Cap Rate

About This Property

This home is special – a classic three bedroom Dutch gambrel exquisitely designed withall of the important updates. Located in a beautiful, tree-lined neighborhood, this much-loved and cared-for home features hardwood floors, a fireplaced living room, granitekitchen counters, a cozy den, a charming built-in breakfast nook, and a full walk up attic!Updates include fresh paint, a modern roof, and heating system. Conveniently locatedto schools, stores, etc., this home includes spacious rooms and a large one-car garage.The backyard is perfect for cookouts, family fun, and playtime for the pets. Don't miss this opportunity. It is time for you to write this home's next chapter!
Unit Size
1,876 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$320
Property Type
House
Property Taxes
$425
HOA Dues
-
Year Built
1938

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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: 2 years ago (MLSPIN #73304671)

Price History

Date / Event Date Event Price
May 16, 2025 Sold
Premium
Sold
Mar 31, 2025 In contract -
In contract
Mar 13, 2025 Relisted $599,900
Relisted
Feb 25, 2025 In contract -
In contract
Jan 13, 2025 Price Decreased $599,900
↓ $30K (4.8%)
Price Decreased
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1938
  • Effective Year Built: 1938
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • 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: 892
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 9,705
  • Total Building Area: 1,876
  • Gross Building Area: 3,650
  • Building Area: 1,876
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,876
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000223
  • 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: 9818
  • Parcel: METH M:00714 B:00036 L:00005
  • Block: 36
  • Lot: 5
  • Municipality: METHUEN
  • Latitude: 42.7253
  • Longitude: -71.1775

    Address

  • Full Address: 8 Locust Rd
  • Address - House Number: 8
  • Address - Street Name: Locust
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Methuen
  • Carrier Code: C020
  • 4-Digit Zip Code: 4432
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $489,100

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 556,480
  • High Value: 644,379
  • Low Value: 468,582

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $418,000
  • Assessed Land Value: $160,300
  • Assessed Improvements Value: $257,700
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

52

Average Home Size

2235 ft²

Average Home Age

55.5 years

Currently For Sale

73 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: 2 years ago
Data Source: MLS PIN, MLS# 73304671

Frequently Asked Questions

When was property at 8 Locust Road built and last sold?
The property at 8 Locust Road was built in 1938 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 8 Locust Road is $0.
What are some comparable homes to 8 Locust Road?
There are currently no comparable homes to 8 Locust Road.
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