20 Gage St Methuen, MA 01844
Downtown Methuen NeighborhoodEstimated Value: $663,000 - $704,000
4
Beds
2
Baths
2,039
Sq Ft
$336/Sq Ft
Est. Value
Highlights
- Property is near public transit
- Shops
- Fenced
- Wood Flooring
- 2 Car Garage
- Level Lot
About This Home
As of April 2022FIRST SHOWINGS TAKING PLACE FROM 5 -730 ON TUESDAY FEBRUARY 15TH. Rare opportunity to own a deleaded (both units) investment property in desirable Methuen neighborhood. Property and unit have had several recent updates including vinyl fence (2018), stainless steel fridge (2017), and water heater (2020). Property is conveniently located close to Methuen Square, the Library, NH border, and Route 213 providing easy access to shopping, dining, and entertainment. Tenant occupied currently grossing $2,950/month and $35,400/year.
Last Listed By
John Havican
BA Property & Lifestyle Advisors Listed on: 02/02/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,170
Year Built
- Built in 1906
Lot Details
- 7,405 Sq Ft Lot
- Fenced
- Level Lot
- Cleared Lot
Parking
- 2 Car Garage
- Driveway
- Open Parking
- Off-Street Parking
Home Design
- Duplex
- Stone Foundation
- Frame Construction
- Shingle Roof
- Rubber Roof
Interior Spaces
- 2,039 Sq Ft Home
- Property has 1 Level
- Wood Burning Fireplace
- Insulated Windows
- Washer and Gas Dryer Hookup
Flooring
- Wood
- Laminate
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Block Basement Construction
Location
- Property is near public transit
- Property is near schools
Schools
- Tenney Grammar Elementary School
Utilities
- Heating Available
- Natural Gas Connected
- Gas Water Heater
- Oil Water Heater
Community Details
- 2 Units
- Shops
- Net Operating Income $35,400
Listing and Financial Details
- Total Actual Rent $2,950
- Legal Lot and Block 00010 / 00057
- Assessor Parcel Number 2040357
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 2, 2022
Closed on
Apr 7, 2022
Sold by
Havican John M
Bought by
Ramirez Luis
Seller's Agent
John Havican
BA Property & Lifestyle Advisors
Buyer's Agent
Elizabeth Duran
Berkshire Hathaway HomeServices Verani Realty Methuen
List Price
$529,000
Sold Price
$570,000
Premium/Discount to List
$41,000
7.75%
Total Days on Market
14
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,165
Avg. Annual Appreciation
6.10%
Original Mortgage
$559,675
Outstanding Balance
$528,329
Interest Rate
3.89%
Mortgage Type
FHA
Estimated Equity
$156,836
Purchase Details
Closed on
May 24, 2004
Sold by
Correia Jordan and Correia Melanie A
Bought by
Lannon Thomas J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 28, 2002
Sold by
Pomerleau Elizabeth
Bought by
Willis Melanie A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,500
Interest Rate
6.88%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 30, 1987
Sold by
Veilleux James J
Bought by
Pomerleau Elizabeth
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,000
Interest Rate
10.43%
Mortgage Type
Purchase Money Mortgage
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Similar Home in Methuen, MA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ramirez Luis | $570,000 | None Available | |
| Lannon Thomas J | $330,000 | -- | |
| Willis Melanie A | $190,000 | -- | |
| Pomerleau Elizabeth | $174,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ramirez Luis | $559,675 | |
| Previous Owner | Havican John M | $333,485 | |
| Previous Owner | Pomerleau Elizabeth | $249,900 | |
| Previous Owner | Lannan Thomas J | $285,000 | |
| Previous Owner | Lannon Thomas J | $264,000 | |
| Previous Owner | Lannon Thomas J | $33,000 | |
| Previous Owner | Correia Melanie A | $184,600 | |
| Previous Owner | Pomerleau Elizabeth | $180,500 | |
| Previous Owner | Pomerleau Elizabeth | $121,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/08/2022 04/08/22 | Sold | $570,000 | +7.8% | $280 / Sq Ft |
| 02/17/2022 02/17/22 | Pending | -- | -- | -- |
| 02/02/2022 02/02/22 | For Sale | $529,000 | +53.3% | $259 / Sq Ft |
| 06/30/2017 06/30/17 | Sold | $345,000 | +1.5% | $169 / Sq Ft |
| 04/17/2017 04/17/17 | Pending | -- | -- | -- |
| 04/05/2017 04/05/17 | For Sale | $339,900 | -- | $167 / Sq Ft |
Source: MLS Property Information Network (MLS PIN)
Tax History Compared to Growth
Tax History
| 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 | $6,849 | $647,400 | $199,100 | $448,300 |
| 2024 | $6,139 | $565,300 | $181,600 | $383,700 |
| 2023 | $5,989 | $511,900 | $161,500 | $350,400 |
| 2022 | $5,391 | $413,100 | $127,800 | $285,300 |
| 2021 | $5,170 | $392,000 | $121,100 | $270,900 |
| 2020 | $4,853 | $361,100 | $121,100 | $240,000 |
| 2019 | $4,478 | $315,600 | $114,400 | $201,200 |
| 2018 | $4,355 | $305,200 | $107,600 | $197,600 |
| 2017 | $4,298 | $293,400 | $107,600 | $185,800 |
| 2016 | $3,864 | $260,900 | $94,200 | $166,700 |
Source: Public Records
Agents Affiliated with this Home
-
J
Seller's Agent in 2022
John Havican
BA Property & Lifestyle Advisors
-
Elizabeth Duran
E
Buyer's Agent in 2022
Elizabeth Duran
Berkshire Hathaway HomeServices Verani Realty Methuen
(978) 398-1896
1 in this area
11 Total Sales
-
Seller's Agent in 2017
Ellie DiPaolo
RE/MAX
(508) 641-4235
-
Buyer's Agent in 2017
Nick Leandres
Coldwell Banker Realty - Boston
(978) 875-2796
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 72938706
APN: METH M:00612 B:00057 L:00010
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