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Methuen Town 01844
27 Erhardt Ter
$375,000
● House - Off Market

27 Erhardt Ter

Methuen, MA 01844
bedrooms
3 Beds
bathrooms
2 Baths
square feet
2,018 Ft²
$588,426
RealtyHop Estimate
59.47%
Since Sep 1, 2017
National-US
Primary Model

About This Property

Don't miss this recently updated and well maintained ranch home, perfect for 1 floor living!    The welcoming floor plan features an updated kitchen w/stainless appliances and granite countertops, a large living room w/fireplace, 3 generous size bedrooms and hardwood flooring throughout.  The finished lower level has 2 large rooms & a full bath. Perfect for a potential in-law or guest suite!  There is plenty of storage in the oversized garage.   The private fenced yard and patio are perfect for entertaining. Newly installed windows offer the new buyer energy saving efficiency.      Conveniently located close to Rt. 495, shopping & restaurants.  Come see all this home has to offer!
Unit Size
2,018 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$183
Property Type
House
Property Taxes
$315
HOA Dues
-
Year Built
1964

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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: 4 months ago (MLSPIN #72196534)

Price History

Date / Event Date Event Price
Aug 31, 2017 Sold
Premium
Sold
Jul 12, 2017 Listed by Coco, Early & Associates The Andovers $369,000
Listed by Coco, Early & Associates The Andovers
Apr 30, 2009 Sold
Premium
Sold
Mar 23, 2009 Listed by Coco, Early & Associates The Andovers $234,900
Listed by Coco, Early & Associates The Andovers

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 1,062
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,001
  • Total Building Area: 2,018
  • Gross Building Area: 2,656
  • Building Area: 2,018
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,018
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ARBOR ACRES
  • Land Acres: 0000000230
  • 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: 10883
  • Parcel: METH M:00914 B:00104 L:00001D
  • Block: 104
  • Lot: 1D
  • Municipality: METHUEN
  • Latitude: 42.7241
  • Longitude: -71.1471

    Address

  • Full Address: 27 Erhardt Ter
  • Address - House Number: 27
  • 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: $514,300

    Appraisal Valuation

  • Standard Deviation: 0.1817
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 76
  • Final Value: 576,003
  • High Value: 680,713
  • Low Value: 471,292

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $439,600
  • Assessed Land Value: $168,000
  • Assessed Improvements Value: $271,600

    Sales

  • Current Sale Recording Date: Aug 31, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 22661
  • Previous Sale Recording Date: Apr 30, 2009
  • Previous Sale Amount: $230,000
  • 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

2221 ft²

Average Home Age

56.1 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# 72196534

Frequently Asked Questions

When was property at 27 Erhardt Terrace built and last sold?
The property at 27 Erhardt Terrace was built in 1964 and last sold on Jan 1, 1970 for $375,000.
How much is this home worth?
The estimated value of the home located at 27 Erhardt Terrace is $391,596.
What are some comparable homes to 27 Erhardt Terrace?
There are currently no comparable homes to 27 Erhardt Terrace.
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