NOT LISTED FOR SALE

28 Pine St Methuen, MA 01844

Downtown Methuen Neighborhood
6 Beds
4 Baths
2,960 Sq Ft
0.28 Acres

Last Sold May 12, 2023

Last sale price $645,000 $218 Per Sq Ft

61 Days on Market

Highlights

  • Golf Course Community
  • Deck
  • Jogging Path
  • Medical Services
  • Property is near public transit and schools
  • Park

About This Home

As of May 2023

4 UNIT BUILDING! Great investment property! Current rents below market value. Located on a dead end street. This 4 family unit offers 2 duplex style living ,2 units have one bedroom. Units on first floors and 2 units on 2nd floor which have two levels of living. Maintenance free Vinyl siding. Plenty of parking, 8 plus parking spaces each unit has 2 spaces. The second floor units have private decks which overlook a back yard. Each unit has their own separate utilities. Convenient to major Highways, downtown Methuen, Tax free New Hampshire , sea shore and Mountains.

Last Agent to Sell the Property

Connie Doto

Connie Doto Realty Group Listed on: 01/18/2023

Last Buyer's Agent

Alyson Traficante

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,130

Year Built

  • Built in 1930

Lot Details

  • 0.28 Acre Lot
  • Level Lot

Home Design

  • Brick Foundation
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,960 Sq Ft Home
  • Basement Fills Entire Space Under The House

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Parking

  • 8 Car Parking Spaces
  • Driveway
  • Open Parking
  • Off-Street Parking

Utilities

  • 4 Heating Zones
  • Gas Water Heater

Additional Features

  • Deck
  • Property is near public transit and schools

Listing and Financial Details

  • Total Actual Rent $4,980
  • Assessor Parcel Number 4655217

Community Details

Overview

  • 4 Units
  • Property has 1 Level

Amenities

  • Medical Services
  • Shops
  • Coin Laundry

Recreation

  • Golf Course Community
  • Park
  • Jogging Path

Building Details

  • Net Operating Income $59,760

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,130

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 4 Family
  • Year Built: 1930
  • Year Built Details: Approximate
  • SUB AGENCY OFFERED: No
  • Compensation Based On: Net Sale Price
  • APOD AVAILABLE: No
  • ResoPropertyType: ResidentialIncome
  • ResoBuildingAreaSource: PublicRecords
  • Special Features: None
  • Stories: 6

Interior Features

  • Flooring: Vinyl,Carpet
  • Fireplace YN: No
  • Appliances: Gas Water Heater
  • Total Bedrooms: 6
  • Full Bathrooms: 4
  • Total Bathrooms: 4
  • Basement: Full
  • Living Area: 2960
  • Stories Total: 6
  • MAIN LO: AC0865
  • MAIN SO: AC0865

Exterior Features

  • Construction Materials: Frame
  • Foundation Details: Brick/Mortar
  • Home Warranty YN: No
  • Patio And Porch Features: Deck
  • Road Frontage Type: Public
  • Road Surface Type: Paved
  • Roof: Shingle
  • Waterfront YN: No

Garage/Parking

  • Garage YN: No
  • Open Parking YN: Yes
  • Parking Features: Paved Drive, Off Street
  • Total Parking Spaces: 8

Utilities

  • Sewer: Public Sewer
  • Electric: Circuit Breakers
  • Water Source: Public
  • HEAT UNITS: 4
  • HEAT ZONES: 4

Condo/Co-op/Association

  • Community Features: Public Transportation, Shopping, Park, Walk/Jog Trails, Golf, Medical Facility, Laundromat, Highway Access, Public School
  • Senior Community YN: No

Lot Info

  • Parcel Number: 4655217
  • Zoning: res
  • Farm Land Area Units: Square Feet
  • Lot Features: Level
  • Lot Size Acres: 0.28
  • Lot Size Sq Ft: 12196
  • Lot Size Units: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 6129.59

Multi Family

  • Net Operating Income: 59760
  • Number Of Units Total: 4
  • Total Actual Rent: 4980
  • LEVELS 1: 1
  • Basement Included Sq Ft: No
  • LEVELS 4: 2
  • LEVELS 3: 1
  • LEASE 4: N
  • LEASE 3: N
  • LEASE 2: N
  • LEASE 1: N
  • FLRS 3: 1

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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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/12/2023 05/12/23 Sold $645,000 -7.4% $218 / Sq Ft
03/21/2023 03/21/23 Pending -- -- --
01/18/2023 01/18/23 For Sale $696,283 -- $235 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Connie Doto

    Seller's Agent in 2023

    Connie Doto

    Connie Doto Realty Group

    (978) 697-5488

    12 in this area

    133 Total Sales

    Connie Doto
    Section Image
  • Alyson Traficante

    Buyer's Agent in 2023

    Alyson Traficante

    (978) 857-0270

    10 in this area

    140 Total Sales

    Alyson Traficante
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 73071691

MLS Property Information Network (MLS PIN)
Massachusetts Essex County Methuen 01844 Downtown Methuen

28 Pine St, Methuen, MA

Not Listed for Sale

MultiFamily

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