$870,000
●
Condo -
Off Market
21 Pine Tree Dr #21
Methuen, MA 01844
3 Beds
3 Baths
2,875 Ft²
$931,576
RealtyHop Estimate
5.86%
Since Feb 1, 2023
National-US
Primary Model
About This Property
Highly desirable Emerald Pines, Merrimac Valley's premier over 55
community. Downsize without sacrifice with over 2875 square feet of
living space, gorgeous woodland views from the front & back! Many
upgrades include a stunning white kitchen w/ a gas range, high-end
appliances, and an expansive island. The two-story great room
offers walls of windows and a lovely entertainment space w/ a gas
fireplace & soaring ceilings. There is an enormous first-floor
primary suite w/ a seating area & ensuite bath. An additional
bedroom, home office on the 1st floor, plus a mudroom/ laundry
room. Fantastic entertaining space w/ open loft on the 2nd level
flooded w/ natural light, another bedroom, & full bath. Large
covered deck off the back and a full walkout basement w/ a pavered
patio. Meticulously maintained, and no detail left behind! Enjoy
low-maintenance living with an active lifestyle and the most
impressive amenities one could wish for. (Please see attached list)
Only 30 miles from Boston!
Unit Size
2,875 Ft²
Days on Market
-
Land Size
-
Price per sqft
$306
Property Type
Condo
Property Taxes
$711
HOA Dues
$615
Year Built
2016
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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: 4 months ago (MLSPIN #73056769)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 27, 2023 | Sold | ||
| Sold | |||
| Dec 6, 2022 | In contract | - | |
| In contract | |||
| Nov 9, 2022 | Listed by Keller Williams Realty Evolution | $880,000 | |
| Listed by Keller Williams Realty Evolution | |||
| | |||
|
Highly desirable Emerald Pines, Merrimac Valley’s premier over 55 community. Downsize without sacrifice with over 2875 square feet of living space, gorgeous woodland views from the front & back! Many upgrades include a stunning white kitchen w/ a gas range, high-end appliances, and an expansive island. The two-story great room offers walls of windows and a lovely entertainment space w/ a gas fireplace & soaring ceilings. There is an enormous first-floor primary suite w/ a seating area & ensuite bath. An additional bedroom, home office on the 1st floor, plus a mudroom/ laundry room. Fantastic entertaining space w/ open loft on the 2nd level flooded w/ natural light, another bedroom, & full bath. Large covered deck off the back and a full walkout basement w/ a pavered patio. Meticulously maintained, and no detail left behind! Enjoy low-maintenance living with an active lifestyle and the most impressive amenities one could wish for. (Please see attached list) Only 30 miles from Boston!
| |||
Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Off Street
Garage Spaces: 2
Interior Details
Full Bathrooms: 3
Interior Features: Walk-In Closet(s), Home Office, Loft
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Washer, Dryer
Flooring Type: Wood, Tile, Carpet, Flooring - Wall to Wall Carpet
Door Features: Storm Door(s), French Doors, Insulated Doors
Laundry Features: In Unit, Electric Dryer Hookup, Flooring - Stone/Ceramic Tile, First Floor
Rooms: 8
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: Y
Exterior Details
Square Footage: 2875
Year Built Source: Public Records
Year Built: 2016
Building Name: Emerald Pine
Building Area Total: 2875
Building Area Units: Square Feet
Window Features: Insulated Windows, Storm Window(s)
Construction Materials: Frame
Patio and Porch Features: Patio, Deck - Composite
Pool Features: Association, In Ground
Pool is Private
Lot Size Units: Acres
Water Source: Public
Financial Details
Tax Assessed Value: $653,400
Tax Annual Amount: $8,527
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Sewer : Public Sewer, Private Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal, Trash, Road Maintenance, Reserve Funds
HOA/Condo/Coop Amenities: Pool, Tennis Court(s), Playground, Park, Fitness Center, Clubhouse, Putting Green, Paddle Tennis, Sauna/Steam, Clubroom
HOA Fee: $615
HOA Fee Frequency: Monthly
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
11/09/2022
|
3 Bed
|
3 Bath
|
2875 ft²
|
$880,000
3 Bed
3 Bath
2875 ft²
|
$870,000
-1.14%
01/27/2023
|
Willis and Smith Group
Keller Williams Realty Evolution
| |
|
10/27/2015
|
3 Bed
|
3 Bath
|
2758 ft²
|
$612,595
3 Bed
3 Bath
2758 ft²
|
$643,495
+5.04%
09/16/2016
|
Kristin Vena
Toll Brothers Real Estate
|
Building Info
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