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Methuen Town 01844
8 River Place
$375,000
● House - Off Market

8 River Place

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,205 Ft²
$526,810
RealtyHop Estimate
46.38%
Since Dec 1, 2019
National-US
Primary Model

About This Property

Looking for an adorable home that is ready for you to simply move in and enjoy with your family and friends, then this well cared for Cape is for you.  This home has been newly renovated and comes with a unique first floor plan, featuring a kitchen, eat-in area, living room, two bedrooms and a full bath.  Kitchen has granite counters, stainless steel appliances, gas stove with vent hood and a large island.  Sliders lead to a deck which overlooks a partially fenced-in back yard.  The second floor plan has two spacious bedrooms.  The detached two-car garage can easily accommodate cars and a work area.  Great location with numerous conveniences.  Call now for a personalized property viewing.  13-Month Home Warranty for Buyers.
Unit Size
1,205 Ft²
Days on Market
-
Land Size
0.35 acres
Price per sqft
$299
Property Type
House
Property Taxes
$311
HOA Dues
-
Year Built
1935

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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: 4 months ago (MLSPIN #72551497)

Price History

Date / Event Date Event Price
Nov 1, 2019 Sold
Premium
Sold
Aug 18, 2019 Listed by EXIT Realty Beatrice Associates $359,900
Listed by EXIT Realty Beatrice Associates
Aug 15, 2014 Sold
Premium
Sold
Nov 22, 2010 Listed by Daher Companies $239,000
Listed by Daher Companies
Great location, cozy cape with 4 bedroom, hardwod floors, 2 car detached garages. Large back yard.

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1935
  • Effective Year Built: 1935
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 4
  • 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: 1,044
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,150
  • Total Building Area: 1,128
  • Gross Building Area: 3,312
  • Building Area: 1,128
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,128
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ROBERT WILSON
  • Land Acres: 0000000348
  • 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: 252300

Zoning

  • Zoning: CBD

Geography

  • Account Number: 11234
  • Parcel: METH M:00714 B:00119 L:00018
  • Block: 119
  • Lot: 18
  • Municipality: METHUEN
  • Latitude: 42.7228
  • Longitude: -71.1853

    Address

  • Full Address: 8 River Pl
  • Address - House Number: 8
  • Address - Street Name: River
  • Address - Suffix Type: Pl
  • State: MA
  • City Name: Methuen
  • Carrier Code: C027
  • 4-Digit Zip Code: 3732
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $432,500

    Appraisal Valuation

  • Standard Deviation: 0.1579
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 80
  • Final Value: 472,631
  • High Value: 547,285
  • Low Value: 397,977

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $369,700
  • Assessed Land Value: $165,300
  • Assessed Improvements Value: $204,400

    Sales

  • Current Sale Contract Date: Nov 01, 2019
  • Current Sale Recording Date: Nov 01, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 27533
  • Previous Sale Recording Date: Aug 15, 2014
  • Previous Sale Amount: $129,000
  • 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

$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: 4 months ago
Data Source: MLS PIN, MLS# 72551497

Frequently Asked Questions

When was property at 8 River Place built and last sold?
The property at 8 River Place was built in 1935 and last sold on Nov 1, 2019 for $375,000.
How much is this home worth?
The estimated value of the home located at 8 River Place is $366,519.
What are some comparable homes to 8 River Place?
There are currently no comparable homes to 8 River Place.
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