31 Chilton St Methuen, MA 01844
CN Conservancy District. The Conservancy District is composed of all those areas so designated on the official zoning map. This district is intended to serve a dual purpose. It is Methuen’s intent to adhere to the Commonwealth of Massachusetts policy of preserving agricultural land. All existing agricultural land is therefore designated CN when its designati…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
CN · Methuen, MACN Conservancy District. The Conservancy District is composed of all those areas so designated on the official zoning map. This district is intended to serve a dual purpose. It is Methuen’s intent to adhere to the Commonwealth of Massachusetts policy of preserving agricultural land. All existing agricultural land is therefore designated CN when its designation is in keeping with Methuen’s long-range plans. The CN district is also intended as a public use district in which the predominant purposes for the land are for recreational, educational, institutional and municipal uses. The district is also intended to preserve and increase the amenities of the City; to provide a specially suitable setting for public and quasi-public buildings and structures; to restrict residential uses of the land; to prohibit commercial, industrial, and other uses of the land which would diminish its value in providing the foregoing setting of said buildings and in serving the conservational, educational and recreational needs of Methuen. In addition, the district is specifically intended for the preservation and maintenance of the ground water table; for the protection of persons and property against the hazards of flood water inundation; for the protection of the community against the costs which may be incurred when unsuitable development occurs in swamps, along watercourses, or in areas subject to floods (as indicated on Flood Insurance Rate Maps); and for the conservation of natural conditions, wildlife, and open spaces for the education , recreation and general welfare of the public. RR Rural Residential. The RR district has the lowest residential density of all districts and is generally served by local streets only. Intensive land uses, uses that would detract from the desired agricultural/open nature of the district, and uses that would otherwise interfere with the intent of this Ordinance are not permitted. RA Single-Family Residence District. The Single-Family Residence District RA is composed of all those areas so designated on the official zoning map and like the RR District is generally served by local streets only. RB Single-Family Residence Districts. The Single-Family Residence District RB is composed of all those areas so designated on the official zoning map and is served by collector and local streets. RC Single-Family Residence District. The Single-Family Residence District RC is composed of all those areas so designated on the official zoning map. Such areas are generally served by minor arteries, collectors and local streets.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.