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240 Hampstead St, Methuen, MA, 01844

3beds
3baths
3,195sqft
$739,000
$231price/sqft
$5,220/moest. monthly cost
$208,800/yrincome needed

About This Home

Spacious split-entry home set on a private 1.17-acre lot in desirable Methuen location close to the NH border and major highways. This well-maintained home features 3,195 Sq Ft of living, 2.5 baths, hardwood floors, bright living areas, and a flexible layout with room to grow. The finished lower level offers approximately 1,498 sq ft of additional finished living space with Summer Kitchen and multiple Bonus Rooms ideal for extended family, home office, gym, recreation, or guest accommodations. Additional features include an attached 2-car garage, oversized driveway with ample parking, and a large yard with plenty of outdoor space to enjoy. Great opportunity for buyers seeking space, versatility, and convenience. This home has a great floorplan for In-law or ADU.

Getting Around

35
WalkingCar-Dependent
0
TransitVery Limited Transit
17
BikeSomewhat Bikeable

Schools

6/10
3/10
Methuen High SchoolGrades 9-123.8 mi

Construction

Condition

  • Year built: 1966

Materials

  • Foundation: Concrete Perimeter
  • Roof: Shingle
  • Construction materials: Frame

Type & Style

  • Home type: SingleFamily
  • Architectural style: Raised Ranch,Split Entry
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Water Heater,Range,Dishwasher,Refrigerator,Washer,Dryer
  • Laundry features: Closet - Cedar,Electric Dryer Hookup,Washer Hookup,In Basement

Basement

  • Has basement: Yes
  • Basement: Full,Finished,Interior Entry,Garage Access

Bathroom1

  • Features: Bathroom - With Tub & Shower, Flooring - Stone/Ceramic Tile
  • Level: First
  • Area: 98.708333333

Bathroom2

  • Features: Bathroom - Half, Flooring - Stone/Ceramic Tile
  • Level: First
  • Area: 30.208333333

Bathroom3

  • Features: Bathroom - Full, Flooring - Stone/Ceramic Tile
  • Level: Basement
  • Area: 59

Bedroom2

  • Features: Closet, Flooring - Hardwood
  • Level: Main,First
  • Area: 106.770833333

Bedroom3

  • Features: Closet, Flooring - Hardwood
  • Level: Main,First
  • Area: 139.791666666

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1
  • Main level bedrooms: 3

Dining Room

  • Features: Flooring - Hardwood, Open Floorplan
  • Level: Main,First
  • Area: 115.375

Family Room

  • Features: Vaulted Ceiling(s), Flooring - Hardwood, Deck - Exterior, Slider, Lighting - Overhead
  • Level: Main,First
  • Area: 415.916666666

Features

  • Closet,Bonus Room,Foyer,Wet Bar,Internet Available - Unknown
  • Flooring: Tile,Carpet,Hardwood,Laminate,Flooring - Wall to Wall Carpet,Flooring - Hardwood
  • Number of fireplaces: 1
  • Fireplace features: Family Room
  • Fireplace: Yes
  • Finished area below ground: 1,498
  • Finished area above ground: 1,697

Heating & Cooling

  • Heating features: Baseboard,Oil
  • Cooling features: Central Air

Interior Area

  • Total structure area: 3,195
  • Total interior livable area: 3,195 sqft

Kitchen

  • Features: Flooring - Stone/Ceramic Tile, Kitchen Island, Stainless Steel Appliances, Lighting - Overhead
  • Level: Main,First
  • Area: 147.916666666

Living Room

  • Features: Flooring - Hardwood, Window(s) - Picture, Lighting - Overhead
  • Level: Main,First
  • Area: 343.944444444

Master Bathroom

  • Features: Yes

Master Bedroom

  • Features: Bathroom - Half, Ceiling Fan(s), Closet, Flooring - Hardwood, Lighting - Overhead
  • Level: Main,First
  • Area: 149.5

Property

Details

  • Parcel number: 2042469
  • Zoning: RR
  • Foundation area: 576

Features

  • Patio & porch: Deck
  • Exterior features: Deck,Storage

Lot

  • Lot size: 1.17 Acres
  • Features: Wooded,Level

Parking

  • Total spaces: 8
  • Parking features: Attached,Garage Door Opener,Paved Drive,Off Street
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes
  • Uncovered spaces: 6

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Ice Storm
    Ice StormModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Ice Storm
Tsunami

FEMA Declared Disasters Across Massachusetts Counties

Hurricane

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,736$44,832
Home Insurance *$221$2,652
Property Taxes $633$7,596
Electricity $630$7,560
Total$5,220$62,640
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$178,971/yr
40% on housing$156,600/yr
45% on housing$139,200/yr

Massachusetts FAIR Plan Programs

Massachusetts Property Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 213,928Commercial: 230
Total Premiums$400.85M
Total Exposure$115.57B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.2%
8.2%
0%30.0%
Electricity Growth Rate10-year average: 7.9%
7.9%
0%15.0%
Property Taxes Growth Rate2-year average: -0.5%
-0.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$231This listing

vs Other Active Listings

Avg $/sqft

ZIP 01844$293
Essex County$385

vs Homes Sold Last Month

Median $/sqft

ZIP 01844$338
Essex County$387

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-07Contingent$739,000
2026-07-15Price change$739,000
2026-05-28Listed for sale$749,900
1998-03-18Sold$163,500

For Sale by Agent

AgentStacey Caruso
BrokerageGibson Sotheby's International Realty

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