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Methuen Town 01844
8 West St
$472,000
● House - Off Market

8 West St

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,360 Ft²
$510,693
RealtyHop Estimate
5.30%
Since Mar 1, 2022
National-US
Primary Model

About This Property

Don't miss this beautiful 3-bedroom, 1-bath ranch style home situated on a huge 1.82 acre lot in very desirable West Methuen!  This property is a very short distance to the Marsh Grammar School!  It is convenient to the highway and shopping in tax free NH!  The kitchen has been beautifully updated with granite counter tops, newer appliances and a wonderful center island.  The center island even has a built in convection oven!  The bathroom has been beautifully remodeled.  Fresh paint throughout.  New flooring.  Huge basement that is very easy to finish.  Updated electrical, newer roof, recently serviced furnace.  House has duct work for central AC, just needs a new compressor. Wood stove in the basement provides an extra heating source.  The backyard is huge with a deck and an oversized shed!
Unit Size
1,360 Ft²
Days on Market
-
Land Size
1.82 acres
Price per sqft
$357
Property Type
House
Property Taxes
$398
HOA Dues
-
Year Built
1964

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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 #72927634)

Price History

Date / Event Date Event Price
Feb 14, 2022 Sold
Premium
Sold
Dec 17, 2021 Listed by Jill & Co. Realty Group $485,000
Listed by Jill & Co. Realty Group
Aug 29, 1997 Sold
Premium
Sold
May 19, 1997 Listed by Jill & Co. Realty Group $134,900
Listed by Jill & Co. Realty Group

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • 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: 1,008
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 79,279
  • Total Building Area: 1,360
  • Gross Building Area: 2,560
  • Building Area: 1,360
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,360
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001820
  • 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: 252102

Zoning

  • Zoning: RR

Geography

  • Account Number: 5829
  • Parcel: METH M:00312 B:00129B L:00032J
  • Block: 129B
  • Lot: 32J
  • Municipality: METHUEN
  • Latitude: 42.7246
  • Longitude: -71.2358

    Address

  • Full Address: 8 West St
  • Address - House Number: 8
  • Address - Street Name: West
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: R008
  • 4-Digit Zip Code: 1318
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $532,500

    Appraisal Valuation

  • Standard Deviation: 0.162
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 554,735
  • High Value: 644,612
  • Low Value: 464,857

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $455,100
  • Assessed Land Value: $251,600
  • Assessed Improvements Value: $203,500

    Sales

  • Current Sale Contract Date: Feb 14, 2022
  • Current Sale Recording Date: Feb 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 3867
  • Previous Sale Recording Date: Aug 29, 1997
  • Previous Sale Amount: $134,900
  • 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

$325

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2192 ft²

Average Home Age

54.9 years

Currently For Sale

77 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

Unit for rent at 58 Brady, Salem, 03079

$3,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,751 ft²
58 Brady, Salem, 03079 Listing by Nancy Bilodeau

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72927634

Frequently Asked Questions

When was property at 8 West Street built and last sold?
The property at 8 West Street was built in 1964 and last sold on Feb 14, 2022 for $472,000.
How much is this home worth?
The estimated value of the home located at 8 West Street is $474,152.
What are some comparable homes to 8 West Street?
There are currently no comparable homes to 8 West Street.
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