Luisita Pumphrey
EXP Realty
(339) 444-0879
40 Total Sales
1 in Downtown Methuen
$632,000 Price
2 Summit Ave Methuen, MA 01844
Downtown Methuen Neighborhood
5
Beds
5
Baths
2,657
Sq Ft
0.31
Acre Lot
About This Home
As of March 2019PRIME Methuen Location - 4 UNIT MULTI, AN ADDITIONAL SUBDIVIDEABLE LOT INCLUDED AND ~$32,222.00 of net income a year bringing a A CAP RATE OF 8.1% + ! It doesn't get much better than this.Many updates during seller's tenure, including newer windows,some cosmetic updates, woodwork and much more. 3 out of the 4 units are currently rented for a total of $2950 per month, with the 4th (nicely updated one) vacant with a projected rent of an additional $1000/month.The rented units are rented below market value (some cosmetic finishes on these could bring the CAP rate EVEN HIGHER).The additional subdivideable lot (0 Summit Ave) comes with the property- and is potentially buildable or can be a great outdoor space for the tenants. This is a GREAT OWNER OCCUPANT opportunity to live in the vacant unit for free while building equity - have someone else pay your mortgage and taxes- and still have $ left over to pocket.Great lot(s) and location close to 93, 213,The Loop, Salem, EVERYTHING. Won't last
Co-Listed By
Matt LaBerge
Consoli Realty Group
Last Buyer's Agent
Vickie Andrade
Bettencourt Real Estate
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1900
Lot Details
- 0.31
Utilities
- Oil Water Heater
Additional Features
- Basement
Listing and Financial Details
- Assessor Parcel Number M:00612 B:00064 L:00003
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 27, 2019
Sold by
Bought by
Purchase Details
Closed on
Jun 4, 2019
Sold by
Bought by
Purchase Details
Listed on
Feb 5, 2019
Closed on
Mar 18, 2019
Sold by
Bought by
Seller's Agent
The Tabassi Team
RE/MAX Partners Relocation
Buyer's Agent
Vickie Andrade
Bettencourt Real Estate
List Price
$399,000
Sold Price
$420,000
Premium/Discount to List
$21,000
5.26%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$399,000
Interest Rate
4.4%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 15, 2006
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Downtown Methuen, MA
-
Luisita Pumphrey
-
The Macchi Group
The Macchi Group
William Raveis R.E. & Home Services
(774) 271-5857
143 Total Sales
2 in Downtown Methuen
$600K - $660K Price Range
-
Aline Roy
Aline Roy
Keller Williams Realty/Merrimack Valley
(351) 208-2759
34 Total Sales
2 in Downtown Methuen
$275K - $510K Price Range
-
North Star Group
North Star Group
Real Broker MA, LLC
(857) 240-5268
111 Total Sales
1 in Downtown Methuen
$540,000 Price
-
Team Valdez Mejia
Team Valdez Mejia
Keller Williams Realty
(351) 208-2030
156 Total Sales
8 in Downtown Methuen
$400K - $1.1M Price Range
-
John Collins
John Collins
Capital Residential Group, LLC
(781) 604-1284
21 Total Sales
1 in Downtown Methuen
$620,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| -- | -- | ||
| -- | -- | ||
| $420,000 | -- | ||
| $250,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $150,000 | ||
| Open | $404,500 | ||
| Previous Owner | $399,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/21/2019 03/21/19 | Sold | $420,000 | +5.3% | $158 / Sq Ft |
| 02/15/2019 02/15/19 | Pending | -- | -- | -- |
| 02/05/2019 02/05/19 | For Sale | $399,000 | -- | $150 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,808 | $643,500 | $195,400 | $448,100 |
| 2024 | $6,532 | $601,500 | $178,200 | $423,300 |
| 2023 | $6,331 | $541,100 | $158,400 | $382,700 |
| 2022 | $5,854 | $448,600 | $132,000 | $316,600 |
| 2021 | $5,830 | $442,000 | $125,400 | $316,600 |
| 2020 | $5,607 | $417,200 | $125,400 | $291,800 |
| 2019 | $5,422 | $382,100 | $112,200 | $269,900 |
| 2018 | $4,790 | $335,700 | $112,200 | $223,500 |
| 2017 | $4,918 | $335,700 | $112,200 | $223,500 |
| 2016 | $4,874 | $329,100 | $105,600 | $223,500 |
| 2015 | $4,354 | $298,200 | $105,600 | $192,600 |
Source: Public Records
Agents Affiliated with this Home
-
The Tabassi Team
Seller's Agent in 2019
The Tabassi Team
RE/MAX
(978) 375-5834
599 Total Sales
-
M
Seller Co-Listing Agent in 2019
Matt LaBerge
Consoli Realty Group
-
V
Buyer's Agent in 2019
Vickie Andrade
Bettencourt Real Estate
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72449346
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.
Nearby Homes
- 10 Summit Ave
- 59 Nevins Rd
- 17 Cochrane St
- 19 Cochrane Cir
- 281 Broadway
- 14 Bartlett Rd
- 15 Stillwater Rd
- 5 Pearl Ct
- 7 9 E River Place
- 24 Locust Rd
- 95 Pelham St Unit 3
- 11 Oakland Ave
- 22 Barker St
- 43-45 Arnold St
- 16 Brown St
- 7 Goldsmith Ct
- 84 Lowell St
- 50 Danbury Dr Unit 19
- 71 Mystic St Unit 11
- 34 Camden St
- 2 Summit Ave
- 2 Summit Ave
- 35 Stevens St
- 0 Summit Ave
- 31 Stevens St
- 37 Stevens St
- 39 Stevens St
- 39 Stevens St Unit 39
- 37 Stevens St Unit 2
- 37 Stevens St Unit 37
- 39 Stevens St Unit 1 39
- 37 Stevens St Unit 1 37
- 8 Summit Ave
- 5 Summit Ave
- 25 Stevens St
- 30 Stevens St
- 0 Confidential Way Unit 71188983
- 0 Confidential Way Unit 71376710
- 9999 Confidential Way
- 123 Confidential St
Your Personal Tour Guide
Ask me questions while you tour the home.