3 months on rocket

1-3 Fairoaks Ave, Methuen, MA, 01844

$1,199,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
4 Full Baths
5,398 SqFt
$222/SqFt
Multi

Location

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1-3 Fairoaks Ave, Methuen$1,199,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingPaved Drive
Garage2 spaces
Year Built1901
HeatingBaseboard, Hot Water
CoolingNone
BasementYes
FireplaceWood Burning
MLS #73277653
Lot Size0.34 Acres
StatusActive

About 1-3 Fairoaks Ave

Discover this exceptional 2-family home, a proven money maker even w/ current below-market rents, nestled in the picturesque Methuen neighborhood at the corner of tree-lined Vermont and Fairoaks. This property has been lovingly maintained for years, w/ numerous major updates and replacements already completed—leaving nothing to do but make it your own. With it's stunning craftsmanship and character, each side offers 4+ bedrooms, 2 baths, eat in kitchens, living room, dining room, and extra rooms for office, etc. Conveniently located just minutes from excellent local dining, shopping, medical facilities, and major highway access, this property offers the perfect blend of comfort and accessibility. Whether you're looking to occupy one unit and offset your mortgage with the rental income from the second unit or seeking a solid investment opportunity with both units rented out, this home is ideal for both scenarios.

Property Details

Property Features

Property Information:

  • Year Built: 1901
  • Living Area: 5,398 SqFt

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices Verani Realty
  • Office Phone: (603) 434-2377
  • Listing Agent: Jane Cresta

Interior Features

Interior Information:

  • Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer
  • Basement: Yes
  • Flooring Type: Wood, Tile, Carpet, Hardwood
  • Interior: Floored Attic, Walk-Up Attic, Heated Attic, Bathroom with Shower Stall, Bathroom With Tub, Slider, Crown Molding, Living Room, Dining Room, Kitchen, Office/Den
  • Fireplace: Wood Burning

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 8

Exterior Features

Parking Information:

  • Garage Space: 2 spaces
  • Parking: Paved Drive

Lot Features

Lot Information:

  • Lot: Corner Lot, Wooded, Level
  • Lot Size: 0.34 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Hot Water
  • Cooling: None

Other

Directions Information:

  • Directions: Home is on the corner of Vermont and Fairoaks

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,199,000
  • Price Per SqFt: $222/SqFt
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Housing Market Comparison

See how this home compares to others in Methuen, MA.

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Methuen, MA

City

Med. Sold Price

$571.5K

Med. Price/SqFt

$318

Avg. Days On Market

24

# of Sold Homes

38

1-3 Fairoaks Ave vs Methuen

94 DAYS ON ROCKET

+70 Days

$1,199,000

+$627.5K More

$222/SqFt

-$96 Less

KEY TAKEAWAY

This property is $627.5K more than the Median Sold Price and $96/SqFt less than other homes in Methuen, MA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MLS Property Information Network
  • MLS Number: #73277653

Listing Office:

  • Office Name: Berkshire Hathaway HomeServices Verani Realty
  • Office Phone: (603) 434-2377
  • Listing Agent: Jane Cresta

IDX Disclaimer: The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein. We may make use of information provided by users of this website - see our Terms of Use for more details on our privacy policy.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/17/2024, 10:20:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

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$6,052

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,661

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-439780
4
/10

  • Parthum Elementary School

  • 255 E Haverhill St

  • 0.73 miles

  • Public District Grades KG-5

school-card-donut-439781
2
/10

  • Leahy Elementary School

  • 100 Erving Ave

  • 0.83 miles

  • Public District Grades 1-5

school-card-donut-439782
4
/10

  • Tarbox Elementary School

  • 59 Alder St

  • 0.97 miles

  • Public District Grades 1-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $62,355. The most common annual income of people living in Methuen, MA is between $35k-100k. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Methuen, MA

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Methuen, MA?

The housing landscape in Methuen is characterized by a blend of single-family homes, apartments, and townhouses, with single-family homes being the most prevalent. The architectural styles in the area range from classic colonial to contemporary, reflecting the town's historical roots and modern growth. The majority of homes were built during a development surge in the late 20th century, with a homeownership rate that is reflective of a community invested in long-term residency.

Is Methuen, MA a good place to live?

Methuen prides itself on a rich historical heritage and a strong sense of community. The town's character is shaped by its well-preserved historical sites and the annual Methuen Festival of Trees, which showcases the community's engagement and festive spirit. The area is celebrated for its balance of suburban tranquility and active community life, offering residents a peaceful yet connected lifestyle.

Are things conveniently located in Methuen, MA?

Residents of Methuen have access to a range of essential services. The town's educational system includes several public schools at the elementary, middle, and high school levels, as well as private educational options. Healthcare needs are served by local clinics and nearby hospitals that offer a variety of medical services. The public library system supports lifelong learning and community engagement. Retail and dining options are abundant, reflecting the local culture and providing residents with a variety of choices.

What does the transportation in Methuen, MA look like?

Methuen's transport infrastructure supports both private and public transit options, with a network of roads that connect to major highways, facilitating travel and commuting. Public transportation services are available, providing residents with alternatives to private vehicle use. The town also features areas that are pedestrian-friendly, encouraging walking and biking as viable modes of transportation. Recent efforts have been made to enhance the efficiency and accessibility of the transport system to accommodate the needs of the community.

Rocket Homes›Massachusetts›Essex County›Methuen›01844›1-3 Fairoaks Ave

This home is located at 1-3 Fairoaks Ave in Methuen, MA and zip code 01844. This 5,398 square foot home, which was built in 1901, sits on a 0.34 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since August 14, 2024 and is currently priced at $1,199,000.

Methuen, MA housing market in October 2024 saw over 26 listings sold above listed price, more than 2 sold at listed price and over 10 sold below. In October 2024 in Methuen, MA there were 1.5% more homes for sale than in September 2024. In October 2024, listings were on the market for 24 days. During the same period, the median list price in this real estate market was $571,500.

From Rocket Homes Real Estate and based on county public records data.

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