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Methuen Town 01844
9 Franklin
$262,500
● House - Off Market

9 Franklin

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
1 Bath
square feet
1,150 Ft²
$365,795
RealtyHop Estimate
46.38%
Since Dec 1, 2019
National-US
Primary Model

About This Property

An ideal starter home with 1st floor master plus 3 additional bedrooms!  Private wooded backyard on a dead end street only  minutes to route. I93. Needs some updating to make this your dream house . Hardwood floors on main level(except bath & kitchen) and stairs. Subject to Seller obtaining License to Sell. Open house October 6, 2019 at 11:00a.m. - 1:00p.m.
Unit Size
1,150 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$217
Property Type
House
Property Taxes
$283
HOA Dues
-
Year Built
1960

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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 #72574960)

Price History

Date / Event Date Event Price
Nov 22, 2019 Sold
Premium
Sold
Oct 3, 2019 Listed by Royal Realty, Inc. $249,900
Listed by Royal Realty, Inc.
Dec 1, 1995 Sold
Premium
Sold
Oct 30, 1995 Listed by Royal Realty, Inc. $109,900
Listed by Royal Realty, Inc.

Property Highlights

Garage
Parking Available

Building Info

Overview

    General

  • Year Built: 1960
  • Effective Year Built: 1960
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • 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: 922
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,001
  • Total Building Area: 1,150
  • Gross Building Area: 2,682
  • Building Area: 1,150
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,150
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000115
  • 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: 252101

Zoning

  • Zoning: RG

Geography

  • Account Number: 12790
  • Parcel: METH M:00518 B:00153A L:00010C
  • Block: 153A
  • Lot: 10C
  • Municipality: METHUEN
  • Latitude: 42.7019
  • Longitude: -71.1978

    Address

  • Full Address: 9 Franklin Ave
  • Address - House Number: 9
  • Address - Street Name: Franklin
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Methuen
  • Carrier Code: C047
  • 4-Digit Zip Code: 3305
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $400,000

    Appraisal Valuation

  • Standard Deviation: 0.1874
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 75
  • Final Value: 425,524
  • High Value: 505,294
  • Low Value: 345,753

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $341,900
  • Assessed Land Value: $156,000
  • Assessed Improvements Value: $185,900

    Sales

  • Current Sale Contract Date: Nov 18, 2019
  • Current Sale Recording Date: Nov 22, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 54
  • Current Sale Input Document Number: 29533
  • Previous Sale Recording Date: Dec 01, 1995
  • Previous Sale Amount: $109,900
  • 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

52

Average Home Size

2191 ft²

Average Home Age

55.3 years

Currently For Sale

76 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

Currently no nearby rentals
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72574960

Frequently Asked Questions

When was property at 9 Franklin Avenue built and last sold?
The property at 9 Franklin Avenue was built in 1960 and last sold on Nov 18, 2019 for $262,500.
How much is this home worth?
The estimated value of the home located at 9 Franklin Avenue is $253,342.
What are some comparable homes to 9 Franklin Avenue?
There are currently no comparable homes to 9 Franklin Avenue.
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