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Methuen Town 01844
87 Elm St
Photo of 87 Elm St
Sold on May 31, 2007

1

Map

$293,400
● House - Off Market

87 Elm St

Methuen, MA 01844
bedrooms
2 Beds
bathrooms
2 Baths
square feet
2,043 Ft²
$528,793
RealtyHop Estimate
71.13%
Since Jun 1, 2007
National-US
Primary Model

About This Property

Lawrge 7 rooms, 2 bedrooms and 2 baths cape with master bedroom and bath, 1 stall garage with screened porch and another season room. Home in move in condition, large fireplaced living room. A home that must be seen. Not a driveby!!!
Unit Size
2,043 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$151
Property Type
House
Property Taxes
$213
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: 6 months ago (MLSPIN #70546705)

Price History

Date / Event Date Event Price
Apr 16, 2013 Sold
Premium
Sold
May 31, 2007 Sold
Premium
Sold
Mar 23, 2007 Listed $309,000
Listed

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1950
  • Effective Year Built: 1950
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • 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: 1,216
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 9,601
  • Total Building Area: 2,225
  • Gross Building Area: 4,048
  • Building Area: 2,225
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,225
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000220
  • 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: RD

Geography

  • Account Number: 3129
  • Parcel: METH M:00616 B:00150 L:00068
  • Block: 150
  • Lot: 68
  • Municipality: METHUEN
  • Latitude: 42.7126
  • Longitude: -71.1966

    Address

  • Full Address: 87 Elm St
  • Address - House Number: 87
  • Address - Street Name: Elm
  • Address - Suffix Type: St
  • State: MA
  • City Name: Methuen
  • Carrier Code: C036
  • 4-Digit Zip Code: 3513
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $481,300
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.2344
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 67
  • Final Value: 585,656
  • High Value: 722,975
  • Low Value: 448,338

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $411,400
  • Assessed Land Value: $153,100
  • Assessed Improvements Value: $258,300

    Sales

  • Current Sale Recording Date: Apr 16, 2013
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 55
  • Current Sale Input Document Number: 10454
  • Previous Sale Recording Date: May 31, 2007
  • Previous Sale Amount: $293,400
  • 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

$327

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2193 ft²

Average Home Age

59.5 years

Currently For Sale

74 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: 6 months ago
Data Source: MLS PIN, MLS# 70546705

Frequently Asked Questions

When was property at 87 Elm Street built and last sold?
The property at 87 Elm Street 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 87 Elm Street is $335,273.
What are some comparable homes to 87 Elm Street?
There are currently no comparable homes to 87 Elm Street.
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