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Methuen Town 01844
22 Erhardt Ter
$340,000
● House - Off Market

22 Erhardt Ter

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
2,336 Ft²
$577,138
RealtyHop Estimate
69.75%
Since Jul 1, 2016
National-US
Primary Model

About This Property

Back on market after buyer financing fell through. Exterior of home to be painted before being sold. Stunning 3 bedroom remodeled ranch with open layout. Eat-in kitchen has it all with hardwood floors, stainless steel appliances, gas cook-top, double wall oven, granite countertops, disposal, dishwasher and large island. Great for entertaining! Large sunken living room with fireplace and sliding doors to patio.  Additional room in finished basement could be used as a fourth bedroom. New Windows, roof, heating system, electric panel all within last 5 years. Inground swimming pool with new safety cover and fenced in yard.
Unit Size
2,336 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$146
Property Type
House
Property Taxes
$295
HOA Dues
-
Year Built
1963

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #71972962)

Price History

Date / Event Date Event Price
Jun 24, 2016 Sold
Premium
Sold
Mar 16, 2016 Listed by Thread Real Estate, LLC $340,000
Listed by Thread Real Estate, LLC
Sep 1, 2010 Sold
Premium
Sold
Mar 2, 2010 Listed by Thread Real Estate, LLC $254,900
Listed by Thread Real Estate, LLC
Aug 30, 2002 Sold
Premium
Sold
Show More

Property Highlights

Parking Available
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,460
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 9,762
  • Total Building Area: 2,336
  • Gross Building Area: 3,284
  • Building Area: 2,336
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,336
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: AUGUSTA M ERHARDT
  • Land Acres: 0000000224
  • 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: 4856
  • Parcel: METH M:01014 B:00104 L:00106K
  • Block: 104
  • Lot: 106K
  • Municipality: METHUEN
  • Latitude: 42.7244
  • Longitude: -71.1466

    Address

  • Full Address: 22 Erhardt Ter
  • Address - House Number: 22
  • Address - Street Name: Erhardt
  • Address - Suffix Type: Ter
  • State: MA
  • City Name: Methuen
  • Carrier Code: C019
  • 4-Digit Zip Code: 5914
  • Zip Code: 01844

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $480,500

    Appraisal Valuation

  • Standard Deviation: 0.2344
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 67
  • Final Value: 617,632
  • High Value: 762,448
  • Low Value: 472,816

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $410,700
  • Assessed Land Value: $167,400
  • Assessed Improvements Value: $243,300

    Sales

  • Current Sale Recording Date: Jun 24, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 15166
  • Previous Sale Recording Date: Sep 01, 2010
  • Previous Sale Amount: $240,000
  • Previous Sale Document Type: 27
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

$326

Below Asking

0.01%

Average Days on Market

53

Average Home Size

2213 ft²

Average Home Age

56.3 years

Currently For Sale

74 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

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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 71972962

Frequently Asked Questions

When was property at 22 Erhardt Terrace built and last sold?
The property at 22 Erhardt Terrace was built in 1963 and last sold on Jan 1, 1970 for $340,000.
How much is this home worth?
The estimated value of the home located at 22 Erhardt Terrace is $361,600.
What are some comparable homes to 22 Erhardt Terrace?
There are currently no comparable homes to 22 Erhardt Terrace.
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