28 Garfield St Methuen, MA 01844

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3 beds · 2 baths · 2,064 sq ft · Lot Size: 10,019 sq ft · Single Family Home · The West End
Est. Property Value: $602,822

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28 Garfield St is in the The West End neighborhood of Methuen, MA. It is located in Essex County and ZIP code 01844. This Single Family Home was built in 1989 and is approximately 36 years old. The single family home spans 2064 sq ft with 3 bedrooms and 2 bathrooms and sits on a 10019 sq ft lot. According to public records, it was sold for $190,000 and has a tax-assessed value of $620,065, which is $292 per sq ft. The The West End area of Methuen has 6 residential homes with an average size of 1433 sq ft. Analyze and compare real estate investment strategies for properties like this home at 28 Garfield St Methuen, MA 01844 with Property Intel by Whitepages.

Owners & Occupancy for 28 Garfield St

This property is owned by Robert A Sevigny. Owner contact information includes 4 phone numbers and 5 email addresses.

Property Owners

Cell Phone(978) ***-****View Cell Phone
Residence***********
Landline(617) 724-9959
Distance from Property**********
Email Address*******@aol.comView Email
Cell Phone(978) ***-****View Cell Phone
Residence***********
Landline(617) 724-9959
Distance from Property**********
Email Address**********@hotmail.comView Email

Occupancy

Current Occupancy*****View Occupancy
Resident 1*********************
Resident 2***************** age 43
Resident 3******************* age 71
Resident 4**************** age 46
Resident 5**************** age 70

Property Financials for 28 Garfield St

28 Garfield St, Methuen, MA has a mortgage from First Estrn Mtg (orig. April 23, 2003). The Essex county assessment for 2024 values it at $620,065, with annual taxes of $5,715.

Mortgage & Equity Information

Loan Amount$******
LenderFirst Estrn Mtg
Origination DateApril 23, 2003
Interest Rate****%
Term30 Years
Rate TypeFixed
Est Balance$********
Due Date**************
Equity View Equity

Property Tax

Property Tax Amount$5,715 in 2024
Purchase Price$190,000
Assessed Value$620,065 on 2024

Investment Potential for 28 Garfield St

The property has a current estimated value of $602,822, which is 21% above the neighborhood median, based on public records. It last sold for $190,000. Projected long-term
is $57,600 annually ($4,800 per month) with a 96% occupancy rate.

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Long-Term

Gross Rental
$57,600 per year($4,800 per month)
Net Operating Income
Cap Rate
Occupancy Rate
96%in 01844 zip code
 
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Property Details for 28 Garfield St

Property Details

Property Sq Ft

Living Area

2,064 sq ft

44% above market

Lot Size

10,019 sq ft

67% below market

Price Per Sq Ft

Living Area

$292 / sq ft

16% below market

Lot Size Area

$60 / sq ft

190% above market

Property condition, age, exterior, etc. for 28 Garfiel…
Longitude: -71.237762 Latitude: 42.729413 Parcel Number (APN): METH-000214-000128-000037D…

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Discover more single family homes near 28 Garfield 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 28 Garfield St in Essex County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$602,822
$553,061
$49,761 (9%)
$770,357
$95,739 (12%)
YoY Price Change
1.99%
719%
Year Built
1989
1962
27 years
Living Space
2,064 sq ft
1,570 sq ft
494 (31%)
$ Per Living Sq Ft
$292
$347
-$55 (-16%)
Lot Size
10,019 sq ft
15,246 sq ft
-5227 (-34%)
$ Per Lot Sq Ft
$60
$34
$26 (75%)

Net Operating Income
$28,945
$10,836 (37%)
Annual Revenue
$57,600
$44,400
$13,200 (30%)
$15,932
$1,887 (12%)
Net Operating Income
$28,945
$10,836 (37%)
Cap Rate
5.27%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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