$286,250
●
Condo -
Off Market
48 Landing Drive #48
Methuen, MA 01844
3 Beds
4 Baths,
1
Half Bath
1,561 Ft²
$575,741
RealtyHop Estimate
98.60%
Since Jun 1, 2013
National-US
Primary Model
About This Property
Sun drenched townhome tastefully cared for with open floor plan,
oversized rooms & lots of hardwood flooring. Kitchen is bright with
eat-in area, granite counters & white appliances. LR & DR area has
a gas FP & opens to a private deck with beautiful views of the
Merrimack Valley. Three big bedrooms, each with its own bath.
Skylights above 2nd floor loft that's great for office space or
sitting area. Freshly painted interior. One car attached garage and
finished walk-out LL with 3rd bed & bath.
Unit Size
1,561 Ft²
Days on Market
-
Land Size
-
Price per sqft
$186
Property Type
Condo
Property Taxes
$291
HOA Dues
$410
Year Built
2001
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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 #71492126)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 26, 2024 | Sold | ||
| Sold | |||
| Dec 22, 2023 | In contract | - | |
| In contract | |||
| Nov 8, 2023 | Relisted | $510,000 | |
| Relisted | |||
| Oct 24, 2023 | In contract | - | |
| In contract | |||
| Oct 20, 2023 | Listed by Century 21 McLennan & Company | $510,000 | |
| Listed by Century 21 McLennan & Company | |||
| | |||
|
An exquisite condominium in the highly coveted "The Landing" community, known for its tranquility, boasting a meticulously maintained environment complete with a refreshing swimming pool and inviting tennis court. The sun-drenched open concept on the first floor features a kitchen with cathedral ceilings, skylights, and granite countertops, seamlessly flowing into a combination living room and formal dining room graced by a cozy gas fireplace and a convenient half bathroom. A slider leads to a private deck, perfect for outdoor relaxation. Ascend to the second floor to discover a spacious primary suite with a full bath, a generous second bedroom, and a versatile loft, ideal for a home office. The finished walkout lower level adds an extra dimension to the space, including a full bathroom and a third potential bedroom, perfect for guests, extended family, or older children. Additional highlights include hardwood flooring throughout, central air, central vac, and attached garage.
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Property Highlights
Air Conditioning
Garage
Fireplace
Interior Details
Level: First
Width: 18
Length: 7
Features: Skylight, Flooring - Hardwood, Dining Area, Countertops - Stone/Granite/Solid
Area: 126
Level: Second
Level: Second
Features: Flooring - Wall to Wall Carpet
Width: 11
Length: 13
Area: 143
Features: Flooring - Wall to Wall Carpet
Width: 12
Length: 11
Area: 132
Level: Basement
Features: Flooring - Hardwood
Level: First
Features: Bathroom - Half
Level: First
Length: 15
Level: First
Area: 345
Features: Flooring - Hardwood, Balcony / Deck
Width: 23
Length: 15
Level: Basement
Width: 23
Area: 345
Features: Ceiling Fan(s), Walk-In Closet(s), Flooring - Wall to Wall Carpet
Level: Second
Length: 15
Width: 17
Area: 255
Features: Bathroom - Full, Bathroom - With Tub & Shower
Level: Second
Features: Yes
Half Bathrooms: 1
Full Bathrooms: 3
Interior Features: Bathroom - Full, Bathroom - With Tub & Shower, Bathroom, Loft, Central Vacuum
Appliances: Range, Dishwasher, Disposal, Microwave, Refrigerator, Gas Water Heater, Utility Connections for Gas Range
Flooring Type: Wood, Tile, Carpet
Laundry Features: First Floor, In Unit
Rooms: 6
Has Fireplace
Fireplace Features: Living Room
Fireplaces: 1
Basement: Y
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Garage Door Opener, Workshop in Garage, Deeded, Insulated, Guest, Paved
Garage Spaces: 1
Exterior Details
Entry Level: 1
Year Built Source: Public Records
Year Built Details: Actual
PropertySubType: Condominium
Building Name: The Landing
Structure Type: Townhouse
Stories (Total): 3
Building Area Units: Square Feet
Window Features: Insulated Windows, Screens
Construction Materials: Frame
Patio and Porch Features: Deck - Wood, Patio
Lead Paint: None
Pool Features: Association, In Ground
Lot Size Units: Acres
Zoning: Res
Parcel Number: 4301255
Water Source: Public
Financial Details
Tax Assessed Value: $242,300
Tax Annual Amount: $3,489
Utilities Details
Utilities: for Gas Range
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)
Association Fee Frequency: Monthly
HOA Fee: $410
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Golf, Medical Facility, Highway Access, House of Worship
Pets Allowed: Yes
Complex is Completed
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 |
|---|---|---|---|---|---|---|---|
|
10/20/2023
|
3 Bed
|
4 Bath
|
2304 ft²
|
$510,000
3 Bed
4 Bath
2304 ft²
|
$520,000
+1.96%
01/26/2024
|
The Janet & Sam McLennan Team
Century 21 McLennan & Company
| |
|
06/03/2021
|
3 Bed
|
4 Bath
|
2304 ft²
|
$424,900
3 Bed
4 Bath
2304 ft²
|
$420,000
-1.15%
08/13/2021
|
Philip Roth
Coco, Early & Associates - Bridge Realty Division
| |
|
03/08/2013
|
3 Bed
|
4 Bath
|
1561 ft²
|
$289,900
3 Bed
4 Bath
1561 ft²
|
$286,250
-1.26%
05/01/2013
|
Margus Deery
Coldwell Banker Realty - Andover
| |
|
04/28/2003
|
3 Bed
|
3 Bath
|
2311 ft²
|
$329,900
3 Bed
3 Bath
2311 ft²
|
$321,250
-2.62%
06/20/2003
|
Young Lee
William Raveis R.E. & Home Services
| |
|
08/24/2000
|
2 Bed
|
3 Bath
|
1625 ft²
|
$231,000
2 Bed
3 Bath
1625 ft²
|
$251,466
+8.86%
05/25/2001
|
Young Lee
William Raveis R.E. & Home Services
|
Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017