20 Madison St Methuen, MA 01844

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3 beds · 2 baths · 1,364 sq ft · Lot Size: 4,792 sq ft · Single Family Home · Downtown Methuen
Est. Property Value: $511,840

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20 Madison 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 1364 sq ft with 3 bedrooms and 2 bathrooms and sits on a 4792 sq ft lot. According to public records, it was last sold in 2014 for $235,000 and has a tax-assessed value of $422,655, which is $375 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 20 Madison St Methuen, MA 01844 with Property Intel by Whitepages.

20 Madison St

Methuen, MA 01844

Owner Info

Owners & Occupancy for 20 Madison St

This property is owned by Garrett R Hooper. Owner contact information includes 13 phone numbers and 6 email addresses.

Property Owners

OccupationPlant Health Care Specialist, Bartlett Tree Experts
Cell Phone(978) ***-****View Cell Phone
Residence***********
Landline(978) 989-0058
Distance from Property**********
Email Address*************@gmail.comView Email

Occupancy

Current Occupancy*****View Occupancy
Resident 1****************
Resident 2***************** age 41
Resident 3**************** age 39
Resident 4***************** age 58

Property Financials for 20 Madison St

20 Madison St, Methuen, MA has a mortgage from Ne Moves Mtg Co (orig. October 12, 2020). The Essex county assessment for 2024 values it at $422,655, with annual taxes of $4,476.

Mortgage & Equity Information

Loan Amount$******
LenderNe Moves Mtg Co
Origination DateOctober 12, 2020
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date*****************
Equity View Equity

Property Tax

Purchase DateMarch 01, 2014
Property Tax Amount$4,476 in 2024
Purchase Price$235,000
Assessed Value$422,655 on 2024

Investment Potential for 20 Madison St

The property has a current estimated value of $511,840, which is 45% above the neighborhood median, based on public records. It last sold on March 01, 2014 for $235K. Projected long-term
is $57,000 annually ($4,750 per month) with a 96% occupancy rate.

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Long-Term

Gross Rental
$57,000 per year($4,750 per month)
Net Operating Income
Cap Rate
Occupancy Rate
96%in 01844 zip code
 
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Property Details for 20 Madison St

Property Details

Property Sq Ft

Living Area

1,364 sq ft

6% above market

Lot Size

4,792 sq ft

0% above market

Price Per Sq Ft

Living Area

$375 / sq ft

41% above market

Lot Size Area

$107 / sq ft

42% above market

Property condition, age, exterior, etc. for 20 Madison…
Longitude: -71.192633 Latitude: 42.702606 Parcel Number (APN): METH-000618-000159-A000077…

Recommended Properties in Downtown Methuen

Discover more single family homes near 20 Madison 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 20 Madison St in Essex County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$511,840
$553,061
-$41,221 (-7%)
$770,357
-$34,978 (-5%)
YoY Price Change
Year Built
1920
1962
-42 years
Living Space
1,364 sq ft
1,570 sq ft
-206 (-13%)
$ Per Living Sq Ft
$375
$347
$28 (8%)
Lot Size
4,792 sq ft
15,246 sq ft
-10454 (-69%)
$ Per Lot Sq Ft
$107
$34
$72 (211%)

Net Operating Income
$28,945
$12,209 (42%)
Annual Revenue
$57,000
$44,400
$12,600 (28%)
$15,932
-$86 (-1%)
Net Operating Income
$28,945
$12,209 (42%)
Cap Rate
5.27%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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