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Methuen Town 01844
1 Erhardt Ter
$480,000
● House - Off Market

1 Erhardt Ter

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,502 Ft²
$591,371
RealtyHop Estimate
27.20%
Since Mar 1, 2021
National-US
Primary Model

About This Property

Large and LOADED oversized split entry located in a fabulously convenient East End neighborhood, just 2 minutes to the highway, dining, and shopping!  This solid, family owned home offers great bones, like a modern roof, windows, siding, heat, central air, and granite counters!  This design is perfect for the large, or extended family.... so bring the in laws!  Other  great features included 2 brick fireplaces, a heated 4 season room, composite decking, and a large, level fenced in yard complete with an IN GROUND POOL and awesome granite patio!  All appliances and pool equipment will remain.  Your summer vacation just got upgraded!!  This well loved home is ready for its new chapter...so bring your decorating ideas and start your own story!
Unit Size
2,502 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$186
Property Type
House
Property Taxes
$432
HOA Dues
-
Year Built
1965

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 5 years ago (MLSPIN #72771400)

Price History

Date / Event Date Event Price
Feb 2, 2021 Sold
Premium
Sold
Jan 5, 2021 Listed by Lyv Realty $464,900
Listed by Lyv Realty

Property Highlights

Air Conditioning
Parking Available

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,296
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 9,635
  • Total Building Area: 2,502
  • Gross Building Area: 3,054
  • Building Area: 2,502
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,502
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000221
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Methuen School District
  • School Tax School District: METHUEN SD
  • Census Tract: 252501

Zoning

  • Zoning: RD

Geography

  • Account Number: 3962
  • Parcel: METH M:01014 B:00104 L:00106S
  • Block: 104
  • Lot: 106S
  • Municipality: METHUEN
  • Latitude: 42.726
  • Longitude: -71.1467

    Address

  • Full Address: 1 Erhardt Ter
  • Address - House Number: 1
  • Address - Street Name: Erhardt
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Methuen
  • Carrier Code: C019
  • 4-Digit Zip Code: 5913
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $566,300

    Appraisal Valuation

  • Standard Deviation: 0.162
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 79
  • Final Value: 606,354
  • High Value: 704,595
  • Low Value: 508,114

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $484,000
  • Assessed Land Value: $167,100
  • Assessed Improvements Value: $316,900

    Sales

  • Current Sale Contract Date: Jan 27, 2021
  • Current Sale Recording Date: Feb 02, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 3735
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Methuen Town

Stats & Trends

Median Asking:

$599,900

Sale Price/ft²

$325

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2218 ft²

Average Home Age

55.9 years

Currently For Sale

79 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72771400

Frequently Asked Questions

When was property at 1 Erhardt Terrace built and last sold?
The property at 1 Erhardt Terrace was built in 1965 and last sold on Jan 27, 2021 for $480,000.
How much is this home worth?
The estimated value of the home located at 1 Erhardt Terrace is $0.
What are some comparable homes to 1 Erhardt Terrace?
There are currently no comparable homes to 1 Erhardt Terrace.
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