5 Walnut St Methuen, MA 01844
Downtown Methuen NeighborhoodEstimated Value: $691,000 - $734,000
4
Beds
2
Baths
2,289
Sq Ft
$308/Sq Ft
Est. Value
Highlights
- Golf Course Community
- Property is near public transit
- Jogging Path
- Medical Services
- Corner Lot
- Porch
About This Home
As of March 2024Really lovely YOUNG 2 family home in the very popular Tenney school district! The townhome style / 2 level owner's unit is a rare find! It's perfect for someone to move into and collect rent from the first floor apartment to cover a large part of the mortgage. Unit 2 - the Owner's unit has garage, basement, private yard space, it's own laundry room. Unit 1 pays $1650 per month on time, is one level, with 2 bedrooms and1 full bathroom. The big primary bedroom with 3 season room makes a great bonus office space or den.This unit may be delivered with tenant in place. The 1st floor space is very desirable for renters. This is a legal 2 family home with a big side yard, on a corner lot, comfortably positioned in a residential area tucked away peacefully yet convenient to 495/213/93, schools, shopping and restaurants. You'll LOVE this neighborhood. Gas heat 1st floor, town water & sewer. Come see for yourself during our open house events Saturday 11am to 1pm, Sunday 12-2
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,976
Year Built
- Built in 1980
Lot Details
- 5,232 Sq Ft Lot
- Near Conservation Area
- Corner Lot
Parking
- 1 Car Garage
- Off-Street Parking
Home Design
- Stone Foundation
- Frame Construction
- Shingle Roof
- Concrete Perimeter Foundation
Interior Spaces
- 2,289 Sq Ft Home
- Property has 1 Level
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Full Bathrooms
Location
- Property is near public transit
- Property is near schools
Schools
- Tenney Elementary School
- MHS High School
Additional Features
- Porch
- Heating System Uses Natural Gas
Listing and Financial Details
- Total Actual Rent $1,650
- Assessor Parcel Number M:00712 B:00065 L:00016,2043395
Community Details
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Golf Course Community
- Park
- Jogging Path
- Bike Trail
Additional Features
- 2 Units
- Net Operating Income $19,800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 28, 2006
Sold by
Croteau Stella and Croteau Albert
Bought by
Croteau Laurinette
Total Days on Market
4
Current Estimated Value
Purchase Details
Closed on
May 12, 1997
Sold by
Blanchette Philippe
Bought by
Croteau Richard
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Similar Homes in Methuen, MA
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Croteau Laurinette | -- | -- | |
| Croteau Laurinette | -- | -- | |
| Croteau Richard | $95,000 | -- | |
| Croteau Richard | $95,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Lane Walter | $657,864 | |
| Closed | Lane Walter | $657,864 | |
| Closed | Hernandez-Lopez Erick I | $13,759 | |
| Closed | Hernandez-Lopez Erick I | $484,070 | |
| Closed | Bormin Development Llc | $225,000 | |
| Closed | Bormin Development Llc | $109,413 | |
| Closed | Croteau Laurinette | $131,257 | |
| Closed | Croteau Laurinette | $15,000 | |
| Closed | Croteau Richard | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/21/2024 03/21/24 | Sold | $670,000 | +3.1% | $293 / Sq Ft |
| 02/11/2024 02/11/24 | Pending | -- | -- | -- |
| 02/06/2024 02/06/24 | For Sale | $649,900 | +31.8% | $284 / Sq Ft |
| 05/17/2019 05/17/19 | Sold | $493,000 | +0.6% | $213 / Sq Ft |
| 04/13/2019 04/13/19 | Pending | -- | -- | -- |
| 03/21/2019 03/21/19 | Price Changed | $489,900 | -2.0% | $211 / Sq Ft |
| 03/21/2019 03/21/19 | For Sale | $499,900 | 0.0% | $216 / Sq Ft |
| 03/14/2019 03/14/19 | Pending | -- | -- | -- |
| 02/22/2019 02/22/19 | For Sale | $499,900 | -- | $216 / 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 | $8,060 | $761,800 | $193,100 | $568,700 |
| 2024 | $7,485 | $689,200 | $176,100 | $513,100 |
| 2023 | $6,976 | $596,200 | $156,600 | $439,600 |
| 2022 | $6,405 | $490,800 | $130,500 | $360,300 |
| 2021 | $6,124 | $464,300 | $123,900 | $340,400 |
| 2020 | $4,907 | $365,100 | $123,900 | $241,200 |
| 2019 | $4,854 | $342,100 | $110,900 | $231,200 |
| 2018 | $4,528 | $317,300 | $110,900 | $206,400 |
| 2017 | $4,436 | $302,800 | $110,900 | $191,900 |
| 2016 | $4,197 | $283,400 | $104,400 | $179,000 |
Source: Public Records
Agents Affiliated with this Home
-
The Property Shop Group
T
Seller's Agent in 2024
The Property Shop Group
Compass
(978) 457-3406
6 in this area
290 Total Sales
-
Alex Greenwood
Seller Co-Listing Agent in 2024
Alex Greenwood
Compass
(978) 290-2414
1 in this area
25 Total Sales
-
Michelle Fermin
Buyer's Agent in 2024
Michelle Fermin
Century 21 North East
(978) 423-6545
40 in this area
1,128 Total Sales
-
Jeffrey Borstell
Seller's Agent in 2019
Jeffrey Borstell
J. Borstell Real Estate, Inc.
(978) 502-8045
186 Total Sales
-
Madelyn Garcia
Buyer's Agent in 2019
Madelyn Garcia
Madelyn Garcia Real Estate
(617) 319-3980
1 in this area
100 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73199903
APN: HAMI M:57 B:18
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