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Methuen Town 01844
9 Elane Ave
$580,000
● House - Off Market

9 Elane Ave

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,003 Ft²
$580,310
RealtyHop Estimate
5.53%
Since Dec 1, 2022
National-US
Primary Model

About This Property

***Offers due Monday 10/17 @5:00pm *** Come see this beautiful bungalow on a large lot! This home has an oversized shed for all your toys. Enjoy entertaining or just relaxing in the large backyard with above ground pool and oversized deck.  Three bedrooms with master on the first floor with attached indoor hot tub over looking the private yard. Eat-in kitchen, family room, living room and full bath complete the first floor.  Two additional bedrooms and full bath on the second floor and a partial finished basement.
Unit Size
2,003 Ft²
Days on Market
-
Land Size
0.69 acres
Price per sqft
$275
Property Type
House
Property Taxes
$401
HOA Dues
-
Year Built
1910

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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 #73047706)

Price History

Date / Event Date Event Price
Nov 28, 2022 Sold
Premium
Sold
Oct 18, 2022 In contract -
In contract
Oct 13, 2022 Listed by Coldwell Banker Realty - Haverhill $549,900
Listed by Coldwell Banker Realty - Haverhill
Sep 9, 2002 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1910
  • Effective Year Built: 1910
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 3
  • Exterior Walls Type: 19
  • 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: 832
  • Garage Type: 4
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 30,000
  • Total Building Area: 2,003
  • Gross Building Area: 3,074
  • Building Area: 2,003
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,003
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MAPLE PARK
  • Land Acres: 0000000689
  • 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: 252602

Zoning

  • Zoning: RR

Geography

  • Account Number: 12664
  • Parcel: METH M:00806 B:00074 L:00034
  • Block: 74
  • Lot: 34
  • Municipality: METHUEN
  • Latitude: 42.7687
  • Longitude: -71.1651

    Address

  • Full Address: 9 Elane Ave
  • Address - House Number: 9
  • Address - Street Name: Elane
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Methuen
  • Carrier Code: R009
  • 4-Digit Zip Code: 1204
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $490,300

    Appraisal Valuation

  • Standard Deviation: 0.1759
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 590,753
  • High Value: 694,694
  • Low Value: 486,812

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $419,100
  • Assessed Land Value: $216,000
  • Assessed Improvements Value: $203,100

    Sales

  • Current Sale Contract Date: Nov 28, 2022
  • Current Sale Recording Date: Nov 28, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 27182
  • Previous Sale Recording Date: Sep 09, 2002
  • Previous Sale Amount: $260,000
  • 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

$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

Unit for rent at 387 Main, Salem, 03079

$2,400 /mo

  • 1 Bed
  • 1,000 ft²
387 Main #1, Salem, 03079 Listing by Daniel Mendonca

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 73047706

Frequently Asked Questions

When was property at 9 Elane Avenue built and last sold?
The property at 9 Elane Avenue was built in 1910 and last sold on Nov 28, 2022 for $580,000.
How much is this home worth?
The estimated value of the home located at 9 Elane Avenue is $565,100.
What are some comparable homes to 9 Elane Avenue?
There are currently no comparable homes to 9 Elane Avenue.
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