T
Seller's Agent in 2024
The Property Shop Group
Compass
(978) 457-3406
6 in this area
279 Total Sales
5 Walnut St Methuen, MA 01844
Downtown Methuen NeighborhoodEstimated Value: $705,000 - $753,461
4
Beds
2
Baths
2,289
Sq Ft
$319/Sq Ft
Est. Value
Highlights
- Golf Course Community
- Medical Services
- Corner Lot
- Mendota Elementary School Rated A
- Property is near public transit
- Jogging Path
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
- 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
Overview
- 2 Units
- Near Conservation Area
Amenities
- Medical Services
- Shops
- Coin Laundry
Recreation
- Golf Course Community
- Park
- Jogging Path
- Bike Trail
Building Details
- Net Operating Income $19,800
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 6, 2024
Closed on
Mar 20, 2024
Sold by
Hernandez-Lopez Erick I
Bought by
Lane Walter and Lane Stephanie
Seller's Agent
The Property Shop Group
Compass
Buyer's Agent
Michelle Fermin
Century 21 North East
List Price
$649,900
Sold Price
$670,000
Premium/Discount to List
$20,100
3.09%
Views
31
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
$59,115
Avg. Annual Appreciation
5.16%
Original Mortgage
$657,864
Outstanding Balance
$646,989
Interest Rate
7.25%
Mortgage Type
FHA
Estimated Equity
$82,126
Purchase Details
Listed on
Feb 22, 2019
Closed on
May 6, 2019
Sold by
Bormin Development Llc
Bought by
Hernandez-Lopez Erick I
Seller's Agent
Jeffrey Borstell
J. Borstell Real Estate, Inc.
Buyer's Agent
Madelyn Garcia
Madelyn Garcia Real Estate
List Price
$499,900
Sold Price
$493,000
Premium/Discount to List
-$6,900
-1.38%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.53%
Original Mortgage
$484,070
Interest Rate
3.62%
Mortgage Type
FHA
Purchase Details
Closed on
Jan 15, 2019
Sold by
Croteau Laurinette
Bought by
Bormin Development Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
4.7%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jun 28, 2006
Sold by
Croteau Stella and Croteau Albert
Bought by
Croteau Laurinette
Purchase Details
Closed on
May 12, 1997
Sold by
Blanchette Philippe
Bought by
Croteau Richard
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
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Lane Walter | $670,000 | None Available | |
| Hernandez-Lopez Erick I | $493,000 | -- | |
| Bormin Development Llc | $300,000 | None Available | |
| 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 | |
| Previous Owner | Hernandez-Lopez Erick I | $484,070 | |
| Previous Owner | Bormin Development Llc | $225,000 | |
| Previous Owner | Croteau Richard | $100,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 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 | View Prior Sale |
| 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
-
Alex Greenwood
Seller Co-Listing Agent in 2024
Alex Greenwood
Compass
(978) 290-2414
1 in this area
33 Total Sales
-
Michelle Fermin
Buyer's Agent in 2024
Michelle Fermin
Century 21 North East
(978) 423-6545
33 in this area
1,133 Total Sales
-
Jeffrey Borstell
Seller's Agent in 2019
Jeffrey Borstell
J. Borstell Real Estate, Inc.
(978) 502-8045
191 Total Sales
-
Madelyn Garcia
Buyer's Agent in 2019
Madelyn Garcia
Madelyn Garcia Real Estate
(617) 319-3980
88 Total Sales
Map
Source: MLS Property Information Network (MLS PIN)
MLS Number: 73199903
APN: HAMI M:57 B:18
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.
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