18-20 Chelmsford St, Methuen MA 01844
Methuen, MA 01844
$710,000
Est. $3,779/month
About this home
Investment Opportunity: 18-20 Chelmsford is a lucrative 2-family property that generates strong rental income and low expenses. The property features 2 townhouse style homes with spacious floorplans, finished basements and off-street parking currently being used as 4 spaces. The apartments have been recently renovated with stainless steel appliances and are separately metered making it ideal for investors seeking consistent returns.
Sale Statistics
Sale Overview
Original List Price:
$699,000
Final Sale Price:
$710,000
Difference:
+$11,000 (+1.6%)
Performance Metrics
101.6%
List to Sale Ratio
Sold above asking price
140
Days on Market
Extended listing
Price per Square Foot Analysis
Original $/sq ft:
$7
Sale $/sq ft:
$7
This property sold for $7 per square foot
Sale Summary
This property sold for 1.6% above the original asking price, indicating strong buyer demand.
At 140 days on market, this property took longer than average to sell.
Facts & Features
Property Overview
Property Type
2 Family - 2 Units Side by Side
Property Category
Residential Income
Year Built
1985
Bedrooms
6
Full Bathrooms
3
Half Bathrooms
2
Living Area
99,999 sq ft
Total Rooms
15
Stories
6
Levels
6
Interior Features
Has Fireplace
No
Exterior & Structure
Foundation
Concrete Perimeter
Has Spa
No
Waterfront Property
No
Lot & Land
Lot Size
0.15 acres
Lot Size
6,700 sq ft
Lot Size Area
0.1500
Parking & Garage
Has Garage
No
Total Non-Garage Parking Spaces
4
Parking Features
Paved Drive, Off Street
Utilities & Systems
Water Source
Public
Sewer
Public Sewer
Community & HOA
Community Features
Public Transportation, Park, Medical Facility, Laundromat, Highway Access, House of Worship, Public School
Senior Community
No
Financial & Tax Information
Annual Tax Amount
$5,583
Tax Year
2023
Tax Assessed Value
$477,600
Parcel Number
4911725
Zoning
Res
Additional Details
Year Built Source
Public Records
Year Built Details
Approximate,Renovated Since
Location
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Neighborhood
18-20 Chelmsford St, Methuen MA 01844
Methuen, MA 01844
Walkability
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Schools
School information not available
Monthly Payment Calculator
%
%
Estimated Monthly Payment
$0
Payment Breakdown
Principal & Interest
$0
Property Tax
$465
Homeowners Insurance
$200
PMI
$0
Property History
Market Insights
2.1%
Price Range
140
Total Days on Market
Property Timeline
Sold
Oct 1, 2024
$710,000
Property sold
Days on Market: 140
Listed for Sale
Apr 8, 2024
$725,000
Original listing
Agent: Andrew Haddad
Office: Northeast Development & Investment, Inc.
| Date | Event | Price | Change | $/sqft | Details |
|---|---|---|---|---|---|
| 10/01/2024 | ✓ Sold | $710,000 | - | - | Property sold |
| 04/08/2024 | 🏠 Listed for Sale | $725,000 | - | - | Original listing |