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Methuen Town 01844
7 Erhardt Ter
Photo of 7 Erhardt Ter

24

Map

Photo of 7 Erhardt Ter
Photo of 7 Erhardt Ter
$835,900
● House - Off Market

7 Erhardt Ter

Methuen, MA 01844
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,402 Ft²
$4,580
Est. Monthly

About This Property

Welcome to 7 Erhardt Terrace, a recently renovated split-level home in one of Methuen's most desirable neighborhoods. This beautifully updated residence features a spacious living room with a fireplace, coffered ceilings, and built-in shelving-perfect for family gatherings. The modern kitchen offers stone countertops, a designer backsplash, and ample cabinetry, balancing style and functionality. With three bedrooms, three full bathrooms, including a walk-in shower, the home provides both comfort and sophistication. Step outside to a private backyard oasis with a pristine inground pool-ideal for summer entertaining. Conveniently located near top schools, parks, and commuter routes, this move-in-ready home combines luxury living with exceptional family appeal.
Unit Size
2,402 Ft²
Days on Market
-
Land Size
0.22 acres
Price per sqft
$348
Property Type
House
Property Taxes
$475
HOA Dues
-
Year Built
1965

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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: 2 months ago (MLSPIN #73481366)

Price History

Date / Event Date Event Price
Aug 19, 2026 No longer available -
No longer available
May 12, 2026 Price Decreased $835,900
↓ $15K (1.8%)
Price Decreased
Mar 2, 2026 Listed by M&A Real Estate $850,900
Listed by M&A Real Estate
May 27, 2022 Sold
Premium
Sold
Mar 22, 2022 Listed by M&A Real Estate $599,900
Listed by M&A Real Estate

Property Highlights

Garage
Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • 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: 1,284
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 9,500
  • Total Building Area: 2,402
  • Gross Building Area: 3,888
  • Building Area: 2,402
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,402
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000218
  • 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: 11818
  • Parcel: METH M:01014 B:00104 L:00106Q
  • Block: 104
  • Lot: 106Q
  • Municipality: METHUEN
  • Latitude: 42.7255
  • Longitude: -71.1468

    Address

  • Full Address: 7 Erhardt Ter
  • Address - House Number: 7
  • 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: $532,900

    Appraisal Valuation

  • Standard Deviation: 0.1761
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 77
  • Final Value: 602,579
  • High Value: 708,708
  • Low Value: 496,450

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $455,500
  • Assessed Land Value: $166,800
  • Assessed Improvements Value: $288,700

    Sales

  • Current Sale Contract Date: May 27, 2022
  • Current Sale Recording Date: May 27, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 35
  • Current Sale Input Document Number: 12694
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

52

Average Home Size

2195 ft²

Average Home Age

55.4 years

Currently For Sale

69 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

Click here to view more rentals in the neighborhood.
Last Updated: 2 months ago
Data Source: MLS PIN, MLS# 73481366

Frequently Asked Questions

When was property at 7 Erhardt Terrace built and last sold?
The property at 7 Erhardt Terrace was built in 1965 and last sold on May 27, 2022 for $600,000.
How much is this home worth?
The estimated value of the home located at 7 Erhardt Terrace is $828,673.
What are some comparable homes to 7 Erhardt Terrace?
There are currently no comparable homes to 7 Erhardt Terrace.
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