78 Arnold St Methuen, MA 01844

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3 beds · 1 bath · 1,836 sq ft · Lot Size: 6,970 sq ft · Single Family Home · Downtown Methuen
Est. Property Value: $518,932

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78 Arnold St is in the Downtown Methuen neighborhood of Methuen, MA. It is located in Essex County and ZIP code 01844. This Single Family Home was built in 1920 and is approximately 105 years old. The single family home spans 1836 sq ft with 3 bedrooms and 1 bathroom and sits on a 6970 sq ft lot. According to public records, it was sold for $230,000 and has a tax-assessed value of $442,795, which is $283 per sq ft. The Downtown Methuen area of Methuen has 20 residential homes with an average size of 1284 sq ft. Analyze and compare real estate investment strategies for properties like this home at 78 Arnold St Methuen, MA 01844 with Property Intel by Whitepages.

Owners & Occupancy for 78 Arnold St

This property is owned by Scott A Dearman. Owner contact information includes 7 phone numbers and 5 email addresses.

Property Owners

OccupationLogistics Sr. Supervisor, Quest Diagnostics
Cell Phone(978) ***-****View Cell Phone
Residence***********
Landline(978) 688-0303
Distance from Property**********
Email Address*******@yahoo.comView Email
Residence***********
Landline(704) 522-8841
Distance from Property**********
Email Address*******@yahoo.comView Email

Occupancy

Current Occupancy*****View Occupancy
Resident 1***************** age 27
Resident 2************** age 60
Resident 3*************** age 57

Property Financials for 78 Arnold St

78 Arnold St, Methuen, MA has a mortgage from Freemont Invs & Ln (orig. April 26, 2010). The Essex county assessment for 2024 values it at $442,795, with annual taxes of $4,310.

Mortgage & Equity Information

Loan Amount$******
LenderFreemont Invs & Ln
Origination DateApril 26, 2010
Interest Rate****%
Term30 Years
Est Balance$********
Due Date************
Equity View Equity

Property Tax

Property Tax Amount$4,310 in 2024
Purchase Price$230,000
Assessed Value$442,795 on 2024

Investment Potential for 78 Arnold St

The property has a current estimated value of $518,932, which is 47% above the neighborhood median, based on public records. It last sold for $230,000. Projected long-term
is $44,400 annually ($3,700 per month) with a 96% occupancy rate.

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Long-Term

Gross Rental
$44,400 per year($3,700 per month)
Net Operating Income
Cap Rate
Occupancy Rate
96%in 01844 zip code
 
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Property Details for 78 Arnold St

Property Details

Property Sq Ft

Living Area

1,836 sq ft

43% above market

Lot Size

6,970 sq ft

45% above market

Price Per Sq Ft

Living Area

$283 / sq ft

6% above market

Lot Size Area

$74 / sq ft

1% below market

Property condition, age, exterior, etc. for 78 Arnold …
Longitude: -71.192438 Latitude: 42.721159 Parcel Number (APN): METH-000614-000139-A000006…

Recommended Properties in Downtown Methuen

Discover more single family homes near 78 Arnold St in Methuen, Massachusetts. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 78 Arnold St in Essex County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$518,932
$553,061
-$34,129 (-6%)
$770,357
-$24,789 (-3%)
YoY Price Change
Year Built
1920
1962
-42 years
Living Space
1,836 sq ft
1,570 sq ft
266 (17%)
$ Per Living Sq Ft
$283
$347
-$64 (-19%)
Lot Size
6,970 sq ft
15,246 sq ft
-8276 (-54%)
$ Per Lot Sq Ft
$74
$34
$40 (117%)

Net Operating Income
$28,945
$1,425 (5%)
Annual Revenue
$44,400
$44,400
$0 (0%)
$15,932
-$1,902 (-12%)
Net Operating Income
$28,945
$1,425 (5%)
Cap Rate
5.27%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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