NOT LISTED FOR SALE

Estimated Value: $613,687 - $696,000

3 Beds
3 Baths
2,195 Sq Ft
$299/Sq Ft Est. Value

Sale Details

Date Sold: August 18, 2023

Last sale price $530,000 $241 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $4,053 / mo

5 Days on Market

Highlights

  • Medical Services
  • Property is near public transit and schools
  • Corner Lot
  • Deck
  • Wood Flooring
  • Enclosed Patio or Porch

About This Home

As of August 2023

Opportunity knocks with this 3 Unit home in Methuen, here is your chance to own an affordable multi-unit in Methuen. First and second floors feature one bedroom, full bath and living room. The second floor has a nice covered porch that can be used for an additional sleeping space. The third floor is a studio apartment with a full bath and roof deck. First floor has nice tin ceilings and the building has some updates that include a newer roof, electrical, gas heating systems and hot water heaters. This home is centrally located and on a large corner with a nice grassy yard and two space carport. Plenty of parking and close to commuting routes, shopping and transportation. The first and third floors need a lot of TLC, this is an Estate sale the property is being sold AS-IS and seller will not make any repairs/upgrades that might be required by the town. Smoke cert is buyers responsibility. Agents please see non-public remarks. SHOWINGS AT OPEN HOUSES ONLY.

Last Agent to Sell the Property

The Nancy Dowling Team

Listed on: 06/21/2023

Co-Listed By

Nancy Dowling

Last Buyer's Agent

Jocelyn Ferreira

View Real Estate Group

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,190

Year Built

  • Built in 1920

Lot Details

  • 5,998 Sq Ft Lot
  • Corner Lot

Parking

  • 2 Car Garage
  • Driveway
  • Open Parking
  • Off-Street Parking

Home Design

  • Stone Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,195 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Deck
  • Enclosed Patio or Porch

Location

  • Property is near public transit and schools

Utilities

  • 3 Heating Zones
  • Heating Available
  • Natural Gas Connected

Listing and Financial Details

  • Total Actual Rent $2,550
  • Assessor Parcel Number 2041213

Community Details

Overview

  • 3 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Building Details

  • Insurance Expense $1,900
  • Water Sewer Expense $1,000
  • Operating Expense $2,900
  • Net Operating Income $24,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,190

Year Built

Built in 1920

Lot Details

5,998 Sq Ft Lot

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 3 Family
  • Year Built: 1920
  • Year Built Details: Actual
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 7

Interior Features

  • Flooring: Wood,Tile,Vinyl,Carpet
  • Interior Amenities: Unit 1 Rooms(Living Room), Unit 2 Rooms(Living Room,Kitchen,Sunroom), Unit 3 Rooms(Other (See Remarks))
  • Fireplace YN: No
  • Appliances: Unit 1(Range,Refrigerator), Unit 2(Range,Refrigerator), Unit 3(Range,Refrigerator), Utility Connections for Gas Range
  • Total Bedrooms: 3
  • Full Bathrooms: 3
  • Total Bathrooms: 3
  • Laundry Features: Laundry Room
  • Basement: Full, Unfinished
  • Living Area: 2195
  • Spa YN: No
  • Stories Total: 7
  • MAIN LO: AN7081
  • MAIN SO: AN0992

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Stone
  • Home Warranty YN: No
  • Patio And Porch Features: Porch, Enclosed, Deck - Roof
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking Spaces: 2
  • Garage YN: Yes
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 4

Utilities

  • Sewer: Public Sewer
  • Utilities: for Gas Range
  • Heating: Unit 2(Hot Water Baseboard,Gas), Unit 3(Hot Water Baseboard,Gas)
  • Electric: Circuit Breakers
  • Heating YN: Yes
  • Water Source: Public
  • HEAT UNITS: 3
  • HEAT ZONES: 3

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Medical Facility, Laundromat, Highway Access, House of Worship, Public School
  • Senior Community YN: No

Fee Information

  • Water Sewer Expenses: 1000

Lot Info

  • Parcel Number: 2041213
  • Zoning: RG
  • Farm Land Area Units: Square Feet
  • Lot Features: Corner Lot
  • Lot Size Acres: 0.14
  • Lot Size Sq Ft: 5998
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 5190

Multi Family

  • Insurance Expense: 1900
  • Net Operating Income: 24600
  • Number Of Units Total: 3
  • Operating Expense: 2900
  • Total Actual Rent: 2550
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 3: 1
  • LEASE 3: N
  • LEASE 2: Y
  • LEASE 1: Y
  • FLRS 3: 3

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

Listed on
Jun 21, 2023
Closed on
Aug 18, 2023
Sold by
Bought by
Seller's Agent
The Nancy Dowling Team
Buyer's Agent
Jocelyn Ferreira
View Real Estate Group
List Price
$499,000
Sold Price
$530,000
Premium/Discount to List
$31,000
6.21%
Views
137
Current Estimated Value
$655,922

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,922
Avg. Annual Appreciation
7.47%
Original Mortgage
$397,500
Outstanding Balance
$384,855
Interest Rate
6.81%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$271,067

Purchase Details

Closed on
Jul 7, 2004
Sold by
Bought by

Purchase Details

Closed on
Jun 1, 1984
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Downtown Methuen, MA

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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
$530,000 None Available
-- --
-- --
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 $397,500
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
08/18/2023 08/18/23 Sold $530,000 +6.2% $241 / Sq Ft
06/27/2023 06/27/23 Pending -- -- --
06/21/2023 06/21/23 For Sale $499,000 -- $227 / 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 $5,442 $514,400 $188,800 $325,600
2024 $5,459 $502,700 $165,000 $337,700
2023 $5,190 $443,600 $145,200 $298,400
2022 $4,673 $358,100 $118,800 $239,300
2021 $4,565 $346,100 $112,200 $233,900
2020 $4,579 $340,700 $112,200 $228,500
2019 $4,185 $294,900 $105,600 $189,300
2018 $3,887 $272,400 $99,000 $173,400
2017 $3,657 $249,600 $92,400 $157,200
2016 $3,440 $232,300 $85,800 $146,500
2015 $3,152 $215,900 $85,800 $130,100
Source: Public Records

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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73127404

MLS Property Information Network (MLS PIN)

APN: METH-000614-000139-B000009

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