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1 Alderbrook Ln, Methuen, MA, 01844

3beds
3baths
3,662sqft
$698,000
$191price/sqft
$5,058/moest. monthly cost
$202,320/yrincome needed

About This Home

This is an unbelieve and the best value for a big beautiful house in a great neighborhood. This 3600 Square foot home is located in a desirable neighborhood, made up of 3 cul de sacs. Although close to stores, restaurants, the loop, and easy access to highways, there is a country feel with an abundance of trees and gardens. The home sits on a corner lot and was built for comfort and versatility. It is perfect for entertaining with a large family room including a full bar with mini fridge and sink with access to deck and lovely yard. The kitchen has a very large eating area plus a formal dining room and fireplaced living room. There is a 900 square foot finished room in the basement for more living space. Features a primary bedroom suite with private bath plus sitting room or home office or nursery. Another full bath and 2 ample sized bedrooms complete the second floor. This home has everything you could wish for and more!

Getting Around

37
WalkingCar-Dependent
0
TransitVery Limited Transit
36
BikeSomewhat Bikeable

Schools

4/10
Donald P Timony GrammarGrades K-81.1 mi
3/10
Methuen High SchoolGrades 9-121.1 mi

Construction

Condition

  • Year built: 1981

Materials

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

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Gas Water Heater,Leased Water Heater,Range,Oven,Dishwasher,Disposal,Trash Compactor,Refrigerator,Washer,Dryer,Cooktop,Plumbed For Ice Maker
  • Laundry features: Electric Dryer Hookup,Washer Hookup

Basement

  • Has basement: Yes
  • Basement: Full,Finished,Interior Entry,Bulkhead

Bathroom1

  • Features: Bathroom - 3/4, Bathroom - Tiled With Shower Stall, Flooring - Stone/Ceramic Tile
  • Level: Second

Bathroom2

  • Features: Bathroom - Full, Bathroom - With Tub & Shower, Closet - Linen, Flooring - Stone/Ceramic Tile
  • Level: Second

Bathroom3

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

Bedroom2

  • Features: Ceiling Fan(s), Flooring - Hardwood
  • Level: Second

Bedroom3

  • Features: Ceiling Fan(s), Flooring - Hardwood
  • Level: Second

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 2
  • 1/2 bathrooms: 1

Dining Room

  • Features: Flooring - Hardwood
  • Level: First

Family Room

  • Features: Ceiling Fan(s), Beamed Ceilings, Flooring - Hardwood, Window(s) - Bay/Bow/Box, French Doors, Wet Bar, Deck - Exterior, Recessed Lighting, Slider, Sunken
  • Level: First

Features

  • Walk-In Closet(s),Recessed Lighting,Lighting - Overhead,Home Office,Bonus Room,Wired for Sound,High Speed Internet,Other
  • Door features: Insulated Doors,Storm Door(s),French Doors
  • Window features: Storm Window(s),Screens
  • Flooring: Tile,Hardwood,Flooring - Hardwood,Flooring - Wall to Wall Carpet
  • Number of fireplaces: 1
  • Fireplace: Yes
  • Finished area below ground: 900
  • Finished area above ground: 2,762

Heating & Cooling

  • Heating features: Central,Baseboard,Natural Gas
  • Cooling features: Central Air,Wall Unit(s),Dual

Interior Area

  • Total structure area: 3,662
  • Total interior livable area: 3,662 sqft

Kitchen

  • Features: Flooring - Hardwood, Flooring - Stone/Ceramic Tile, Dining Area, Countertops - Stone/Granite/Solid, French Doors, Recessed Lighting, Stainless Steel Appliances
  • Level: First

Living Room

  • Features: Ceiling Fan(s), Flooring - Hardwood, Window(s) - Picture
  • Level: First

Master Bathroom

  • Features: Yes

Master Bedroom

  • Features: Bathroom - 3/4, Ceiling Fan(s), Flooring - Hardwood
  • Level: Second

Office

  • Features: Closet - Walk-in, Flooring - Hardwood
  • Level: Second

Property

Details

  • Parcel number: 2047603
  • Zoning: RD

Features

  • Patio & porch: Porch,Deck,Deck - Wood
  • Exterior features: Porch,Deck,Deck - Wood,Professional Landscaping,Screens

Lot

  • Lot size: 0.26 Acres
  • Features: Cul-De-Sac,Corner Lot,Level

Parking

  • Total spaces: 8
  • Parking features: Attached,Garage Door Opener,Storage,Paved Drive,Off Street,Paved
  • 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
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Ice Storm
Lightning
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 $3,529$42,348
Home Insurance *$209$2,508
Property Taxes $598$7,176
Electricity $722$8,665
Total$5,058$60,696
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$173,417/yr
40% on housing$151,740/yr
45% on housing$134,880/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

$191This 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
2026-08-11Contingent$698,000
2026-07-27Price change$698,000
2026-06-24Price change$729,900
2026-06-17Price change$748,000
2026-06-04Listed for sale$769,000
2001-06-29Sold$349,900

For Sale by Agent

AgentBeverly Borrelli
BrokerageConnie Doto Realty Group

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