NOT LISTED FOR SALE

9 Pelham Ave Methuen, MA 01844

Downtown Methuen Neighborhood

Estimated Value: $663,035 - $786,000

8 Beds
5 Baths
3,081 Sq Ft
$241/Sq Ft Est. Value

Last Sold December 22, 2017

Last sale price $397,000 $129 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $4,408/month

8 Days on Market

About This Home

As of December 2017

Desirable three family home with strong rental history in a quiet Methuen neighborhood close to route 93 & 495. This spacious multi-family has three apartments spread out over two floors of living space. There are two large apartments both with second bath rooms. There is one quaint, private, one bedroom apartment. All this spread over a 7,500 sq ft lot with freestanding one car garage. Great rental income for investor or owner occupant. You do not want to miss this wonderful home!

Last Agent to Sell the Property

Joe Firicano

Boston Hub Real Estate Listed on: 09/07/2017

Last Buyer's Agent

Jose Martinez

Realty ONE Group Nest

Realty ONE Group Nest

Property Details

Home Type

Multi-Family

Year Built

1930

Lot Details

0

Listing Details

  • Lot Description: Paved Drive, Level
  • Property Type: Multi-family
  • Other Agent: 1.00
  • Lead Paint: Unknown
  • Year Built Description: Approximate
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3
  • Year Built: 1930

Interior Features

  • Has Basement: Yes
  • Number of Rooms: 14
  • Amenities: Public Transportation, Shopping, Highway Access
  • Electric: Circuit Breakers, 100 Amps
  • Energy: Insulated Windows, Insulated Doors
  • Flooring: Wood, Tile, Wall to Wall Carpet, Hardwood
  • Basement: Full, Concrete Floor
  • Full Bathrooms: 5
  • Total Levels: 3
  • Main Lo: NB2825
  • Main So: NB5012
  • Estimated Sq Ft: 3081.00

Exterior Features

  • Construction: Frame
  • Exterior: Shingles
  • Exterior Features: Porch
  • Foundation: Fieldstone

Garage/Parking

  • Garage Spaces: 1
  • Parking: Off-Street, Assigned, Paved Driveway
  • Parking Spaces: 7

Utilities

  • Heat Zones: 3
  • Hot Water: Natural Gas
  • Utility Connections: for Gas Range
  • Sewer: City/Town Sewer
  • Water: City/Town Water
  • Electric: 700

Condo/Co-op/Association

  • Total Units: 3

Lot Info

  • Zoning: R
  • Lot: 00092
  • Acre: 0.17
  • Lot Size: 7520.00

Multi Family

  • APOD Available: Yes
  • Expenses Year End: 12/16
  • Heat Units: 3
  • Common Room: Mudroom
  • Total Bedrooms: 8
  • Total Floors: 4
  • Total Full Baths: 5
  • Total Levels: 3
  • Total Rms: 12
  • Total Rent_1: 3593
  • Multi Family Type: 3 Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 7, 2017
Closed on
Dec 22, 2017
Sold by
Giles Rt and Giles
Bought by
Simo Sumaya
Seller's Agent
Joe Firicano
Boston Hub Real Estate
Buyer's Agent
Jose Martinez
Realty ONE Group Nest
List Price
$399,000
Sold Price
$397,000
Premium/Discount to List
-$2,000
-0.5%
Current Estimated Value
$741,009

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$344,009
Avg. Annual Appreciation
8.03%
Original Mortgage
$389,809
Outstanding Balance
$324,493
Interest Rate
3.25%
Mortgage Type
FHA
Estimated Equity
$416,516

Purchase Details

Closed on
Jul 27, 2007
Sold by
Giles John N and Giles Melisa
Bought by
Methuen Giles Rt and Giles

Purchase Details

Closed on
Mar 20, 2006
Sold by
Giles John N
Bought by
Giles John N and Giles Melisa

Purchase Details

Closed on
Jul 9, 2003
Sold by
Lourenco Roberto and Lourenco Cecilia
Bought by
Giles John N and Giles John W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Interest Rate
5.45%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 4, 1996
Sold by
Pelham Realty Nt
Bought by
Lourenco Roberto

Purchase Details

Closed on
Jun 2, 1989
Sold by
Northeastern Mtg Co
Bought by
Pelham Rly Nom Tr
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

Purchase History

Date Buyer Sale Price Title Company
Simo Sumaya $397,000 --
Methuen Giles Rt -- --
Methuen Giles Rt -- --
Giles John N -- --
Giles John N -- --
Giles John N $360,000 --
Giles John N $360,000 --
Lourenco Roberto $65,000 --
Lourenco Roberto $65,000 --
Pelham Rly Nom Tr $140,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simo Sumaya $389,809
Closed Simo Sumaya $389,809
Previous Owner Pelham Rly Nom Tr $324,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/22/2017 12/22/17 Sold $397,000 -0.5% $129 / Sq Ft
09/15/2017 09/15/17 Pending -- -- --
09/07/2017 09/07/17 For Sale $399,000 -- $130 / Sq Ft
Source: MLS Property Information Network (MLS PIN)

Tax History Compared to Growth

Source: Public Records

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 $6,867 $649,100 $199,900 $449,200
2024 $6,782 $624,500 $182,300 $442,200
2023 $6,472 $553,200 $162,000 $391,200
2022 $5,773 $442,400 $128,300 $314,100
2021 $5,653 $428,600 $121,500 $307,100
2020 $5,650 $420,400 $121,500 $298,900
2019 $5,203 $366,700 $114,800 $251,900
2018 $4,829 $338,400 $108,000 $230,400
2017 $4,644 $317,000 $108,000 $209,000
2016 $4,283 $289,200 $94,500 $194,700
2015 $3,910 $267,800 $94,500 $173,300
Source: Public Records

Agents Affiliated with this Home

  • Joe Firicano

    Seller's Agent in 2017

    Joe Firicano

    Boston Hub Real Estate

    (781) 254-5791

    1 in this area

    40 Total Sales

    Joe Firicano
    Section Image
  • Jose Martinez

    Buyer's Agent in 2017

    Jose Martinez

    Realty ONE Group Nest

    (978) 387-2318

    12 in this area

    106 Total Sales

    Jose Martinez
    Section Image
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Map

Source: MLS Property Information Network (MLS PIN)

MLS Number: 72225150

MLS Property Information Network (MLS PIN)

APN: METH-000612-000124-000092

Massachusetts Essex County Methuen 01844 Downtown Methuen

9 Pelham Ave, Methuen, MA

Not Listed for Sale

MultiFamily

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