$930,000
●
Condo -
Off Market
51 Pine Tree Drive #51
Methuen, MA 01844
4 Beds
4 Baths
4,117 Ft²
$6,035
Est. Monthly
$650
HOA / Fees
3.95%
Cap Rate
About This Property
Immerse yourself in the vibrant lifestyle of Emerald Pines, an
exclusive 55+ community that blends luxury and convenience. This
home features a first-floor master suite with a walk-in closet and
a private bath, complete with a dual-sink vanity and an expanded
shower. The gourmet kitchen, two-story foyer, and screened-in porch
offer sophistication and comfort. Upstairs, the spacious loft leads
to an additional bedroom and bath, ideal for guests. With 10-foot
ceilings throughout the first floor, a gas fireplace, and a
spacious backyard, this home is perfect for relaxation. The
lower-level en suite provides versatility as a guest suite or
private retreat. Community amenities include a heated pool, tennis
courts, gardening spaces, fitness centers, and a vibrant calendar
of charity and special events. Located just 30 miles from Boston,
Emerald Pines offers single-family luxury living with low
maintenance. This exceptional opportunity at Emerald Pines is not
to be missed!
Unit Size
4,117 Ft²
Days on Market
-
Land Size
-
Price per sqft
$231
Property Type
Condo
Property Taxes
$725
HOA Dues
$650
Year Built
2019
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 2 years ago (MLSPIN #73288257)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Dec 9, 2024 | Sold | ||
| Sold | |||
| Oct 5, 2024 | In contract | - | |
| In contract | |||
| Sep 11, 2024 | Listed by Compass | $949,000 | |
| Listed by Compass | |||
Property Highlights
Garage
Parking Available
Air Conditioning
Fireplace
Interior Details
Level: First
Width: 12
Length: 17
Features: Flooring - Hardwood, Window(s) - Bay/Bow/Box, Countertops - Stone/Granite/Solid, Kitchen Island, Recessed Lighting, Lighting - Pendant
Area: 204
Level: First
Area: 40
Width: 5
Features: Bathroom - Full, Bathroom - Tiled With Tub, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Length: 8
Area: 220
Features: Bathroom - Full, Bathroom - Double Vanity/Sink, Bathroom - Tiled With Shower Stall, Closet - Linen, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Length: 10
Level: First
Width: 22
Level: First
Features: Ceiling Fan(s), Closet, Flooring - Wall to Wall Carpet, Window(s) - Bay/Bow/Box
Width: 10
Length: 13
Area: 130
Area: 280
Length: 14
Level: Basement
Features: Closet, Flooring - Vinyl, Recessed Lighting
Width: 20
Width: 12
Features: Flooring - Hardwood, Window(s) - Bay/Bow/Box
Length: 26
Level: First
Area: 312
Features: Ceiling Fan(s), Closet, Flooring - Wall to Wall Carpet, Window(s) - Bay/Bow/Box
Width: 13
Length: 12
Area: 156
Level: Second
Length: 12
Level: First
Area: 192
Features: Flooring - Hardwood, Window(s) - Bay/Bow/Box
Width: 16
Length: 15
Level: First
Features: Cathedral Ceiling(s), Flooring - Hardwood, Window(s) - Bay/Bow/Box, Recessed Lighting
Width: 20
Area: 300
Width: 6
Features: Bathroom - Full, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile, Countertops - Stone/Granite/Solid
Level: Second
Area: 54
Length: 9
Features: Ceiling Fan(s), Walk-In Closet(s), Flooring - Hardwood, Window(s) - Bay/Bow/Box
Level: First
Length: 15
Width: 21
Area: 315
Features: Yes
Full Bathrooms: 4
Interior Features: Recessed Lighting, Lighting - Overhead, Bathroom - Full, Bathroom - Tiled With Shower Stall, Countertops - Stone/Granite/Solid, Slider, Loft, Den, Bathroom, Bonus Room
Appliances: Oven, Dishwasher, Disposal, Range, Refrigerator, Washer, Dryer, Plumbed For Ice Maker
Flooring Type: Tile, Carpet, Hardwood, Flooring - Wall to Wall Carpet, Flooring - Stone/Ceramic Tile, Vinyl
Laundry Features: Flooring - Stone/Ceramic Tile, Lighting - Overhead, Sink, First Floor, In Unit, Electric Dryer Hookup, Washer Hookup
Rooms: 11
Has Fireplace
Fireplace Features: Family Room
Fireplaces: 1
Basement: Y
Parking Details
Has Garage
Attached Garage
Parking Features: Attached, Garage Door Opener, Off Street
Garage Spaces: 2
Exterior Details
Entry Level: 2
Year Built Source: Builder
Year Built Details: Approximate
PropertySubType: Condominium
Building Name: Regency At Emerlad Pines
Structure Type: Townhouse
Stories (Total): 2
Building Area Units: Square Feet
Window Features: Window(s) - Bay/Bow/Box, Insulated Windows
Construction Materials: Frame
Patio and Porch Features: Screened, Deck - Composite
Lead Paint: None
Lot Size Units: Acres
Zoning: RA
Parcel Number: M:01006 B:00078E L:77U84, 4944037
Water Source: Public
Financial Details
Tax Assessed Value: $800,600
Tax Annual Amount: $8,695
Utilities Details
Utilities: for Gas Range, for Electric Dryer, Washer Hookup, Icemaker Connection
Cooling Type: Central Air
Heating Type: Forced Air, Electric Baseboard, Propane
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Insurance, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
HOA/Condo/Coop Amenities: Pool, Putting Green, Tennis Court(s), Fitness Center, Garden Area, Clubhouse
Association Fee Frequency: Monthly
HOA Fee: $650
Community Features: Public Transportation, Shopping, Pool, Tennis Court(s), Park, Walk/Jog Trails, Golf, Medical Facility, Highway Access, Adult Community
Pets Allowed: Yes w/ Restrictions
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 |
|---|---|---|---|---|---|---|---|
|
09/11/2024
|
4 Bed
|
4 Bath
|
4117 ft²
|
$949,000
4 Bed
4 Bath
4117 ft²
|
$930,000
-2.00%
12/09/2024
|
Jason Jeon
Compass
| |
|
09/11/2024
|
4 Bed
|
4 Bath
|
4117 ft²
|
$949,000
4 Bed
4 Bath
4117 ft²
|
$930,000
-2.00%
12/09/2024
|
Jason Jeon
Compass
| |
|
03/23/2020
|
3 Bed
|
3 Bath
|
3113 ft²
|
$674,995
3 Bed
3 Bath
3113 ft²
|
$661,995
-1.93%
05/29/2020
|
Thomas Lafontaine
Berkshire Hathaway HomeServices Verani Realty Bradford
|
Building Info
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017