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7 Erhardt Ter, Methuen, MA, 01844

4beds
3baths
2,402sqft
$835,900
$348price/sqft
$5,665/moest. monthly cost
$226,600/yrincome needed

About This Home

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.

Getting Around

58
WalkingSomewhat Walkable
0
TransitVery Limited Transit
36
BikeSomewhat Bikeable

Schools

4/10
Donald P Timony GrammarGrades PK-81.3 mi
3/10
Methuen High SchoolGrades 9-121.4 mi

Construction

Condition

  • Year built: 1965

Materials

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

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Water Heater,Leased Water Heater,Range,Dishwasher,Microwave,Refrigerator
  • Laundry features: Washer Hookup

Basement

  • Has basement: Yes
  • Basement: Finished,Walk-Out Access,Interior Entry,Garage Access

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Flooring: Wood,Tile
  • Number of fireplaces: 1
  • Fireplace features: Living Room
  • Fireplace: Yes
  • Finished area below ground: 770
  • Finished area above ground: 2,402

Heating & Cooling

  • Heating features: Baseboard,Natural Gas
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,402
  • Total interior livable area: 2,402 sqft

Kitchen

  • Features: Countertops - Stone/Granite/Solid, Stainless Steel Appliances

Property

Accessibility

  • Accessibility features: Accessible Entrance

Details

  • Parcel number: M:01014 B:00104 L:00106Q,2048928
  • Zoning: RD

Features

  • Private pool: Yes
  • Pool features: In Ground
  • Patio & porch: Porch,Patio
  • Exterior features: Porch,Patio,Pool - Inground,Fenced Yard
  • Fencing: Fenced

Lot

  • Lot size: 9,500 sqft

Parking

  • Total spaces: 11
  • Parking features: Attached,Under,Carport,Garage Faces Side,Paved Drive,Off Street,Paved
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes
  • Uncovered spaces: 9
  • Carport: Yes

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 $4,226$50,712
Home Insurance *$250$3,000
Property Taxes $716$8,592
Electricity $473$5,683
Total$5,665$67,980
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$194,228/yr
40% on housing$169,950/yr
45% on housing$151,066/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

$348This listing

vs Other Active Listings

Avg $/sqft

ZIP 01844$291
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
2026-05-12Price change$835,900
2026-03-02Listed for sale$850,900
2022-05-27Sold$600,000
2022-04-20Pending sale$599,900
2022-04-20Contingent$599,900
2022-04-14Listed for sale$599,900
2022-03-30Pending sale$599,900
2022-03-22Listed for sale$599,900

For Sale by Agent

AgentCarolline Silveira
BrokerageM&A Real Estate

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