$450,304
●
Condo -
Off Market
4 Herrick Drive #2
Methuen, MA 01844
2 Beds
3 Baths,
1
Half Bath
2,300 Ft²
$858,303
RealtyHop Estimate
90.63%
Since Apr 1, 2014
National-US
Primary Model
About This Property
Alder Model ! Regency at Methuen is Merrimack Valley's newest
active adult community. The community will feature
maintenance free living with resort style amenities including
clubhouse, swimming pool, tennis court, bocce courts and walking
trails.
Unit Size
2,300 Ft²
Days on Market
-
Land Size
-
Price per sqft
$196
Property Type
Condo
Property Taxes
$1
HOA Dues
$240
Year Built
2014
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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 years ago (MLSPIN #71531636)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 15, 2014 | Sold | ||
| Sold | |||
| Jun 25, 2014 | Listed by Coldwell Banker Realty - Andover | $479,900 | |
| Listed by Coldwell Banker Realty - Andover | |||
| | |||
|
The Alder model townhome at Regency at Methuen! Only 3 months old/like new construction/barely lived in! This sought after gated adult community is alive with activity and this unit is located in the heart of it all! This townhome is just a stone's throw away from the Club house with heated pool, tennis court, and 2 bocce courts and fitness center. This home boasts 9 ft ceilings throughout the 1st floor and many upgrades such as additional sunroom with walk out to private deck. Master suite with its cathedral ceilings includes a beautiful gas fireplace, walk-in closet and gorgeous master bathroom with tiled shower with built in bench. Enjoy this serene setting from your sun room and deck as this home backs up to a fantastic wooded area. Additional features include semi-finished storage area and roomy bonus loft on 2nd floor and large unfinished basement with high ceilings.
| |||
| Mar 21, 2014 | Sold | ||
| Sold | |||
| May 27, 2013 | Listed by Toll Brothers Real Estate | $450,245 | |
| Listed by Toll Brothers Real Estate | |||
Property Highlights
Air Conditioning
Garage
Interior Details
Level: First
Width: 10
Length: 11
Area: 110
Level: Second
Width: 12
Length: 20
Area: 240
Width: 12
Length: 13
Level: First
Area: 156
Length: 17
Level: First
Width: 16
Area: 272
Level: First
Length: 16
Width: 15
Area: 240
Features: Yes
Half Bathrooms: 1
Full Bathrooms: 2
Interior Features: Loft, Study, Sun Room
Appliances: Range, Dishwasher, Disposal, Microwave, Gas Water Heater, Utility Connections for Gas Range, Utility Connections for Gas Dryer
Flooring Type: Wood, Tile, Carpet
Laundry Features: First Floor
Rooms: 7
Has Fireplace
Fireplaces: 2
Basement: Y
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Paved
Garage Spaces: 2
Exterior Details
Entry Level: 1
Security Features: Security Gate, Security System
Year Built Source: Builder
Year Built Details: Actual, To Be Built
PropertySubType: Condominium
Building Name: Regency At Methuen
Structure Type: Townhouse
Stories (Total): 2
Building Area Units: Square Feet
Window Features: Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Deck - Composite
Lead Paint: None
Pool Features: Association, In Ground, Heated
Lot Size Units: Acres
Zoning: RES
Parcel Number: 4783326
Water Source: Public
Financial Details
Tax Annual Amount: $14
Utilities Details
Utilities: for Gas Range, for Gas Dryer
Cooling Type: Central Air
Heating Type: Central, Forced Air, Natural Gas
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Structure, Maintenance Grounds, Snow Removal
HOA/Condo/Coop Amenities: Pool, Tennis Court(s), Fitness Center, Clubroom
HOA Fee: $240
Community Features: Shopping, Walk/Jog Trails, Golf, Medical Facility, Highway Access, Adult Community
Pets Allowed: Yes w/ Restrictions
Management: Professional - Off Site
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 |
|---|---|---|---|---|---|---|---|
|
04/20/2023
|
2 Bed
|
3 Bath
|
2175 ft²
|
$659,000
2 Bed
3 Bath
2175 ft²
|
$659,000
06/23/2023
|
Lisa Pijoan
RE/MAX Encore
| |
|
06/25/2014
|
2 Bed
|
3 Bath
|
2300 ft²
|
$479,900
2 Bed
3 Bath
2300 ft²
|
$477,500
-0.50%
10/15/2014
|
Donna Burke
Coldwell Banker Realty - Andover
| |
|
05/27/2013
|
2 Bed
|
3 Bath
|
2300 ft²
|
$450,245
2 Bed
3 Bath
2300 ft²
|
$450,304
+0.01%
03/21/2014
|
Kristin Vena
Toll Brothers Real Estate
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017