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395 Merrimack St APT 42, Methuen, MA, 01844

1beds
1baths
715sqft
$260,000
$364price/sqft
$1,975/moest. monthly cost
$79,000/yrincome needed

About This Home

Step into effortless living in East Methuen! This sun-drenched retreat at 395 Merrimack St, Unit 42, features a bright, open-concept living and dining area designed for modern comfort. The kitchen is equipped with a peninsula, gas range, pantry, and updated appliances (Stove/Microwave 2023). Relax on your private balcony or retreat to the oversized primary bedroom featuring a spacious walk-in closet.Recent upgrades offer total peace of mind: sleek laminate flooring (2026), a high-efficiency wall A/C (2025), and a refreshed bathroom vanity (2023). The community lifestyle includes tennis courts and extra storage. Best of all, the monthly HOA fee covers the essentials—heat, gas, hot water, water, sewer, insurance, and exterior maintenance—leaving you with very little to worry about! Perfectly situated for commuters with quick access to I-495 and I-93. Move right in and enjoy the perfect balance of convenience and style. Please view the home tour. https://my.homediary.com/u/492636

Getting Around

38
WalkingCar-Dependent
0
TransitVery Limited Transit
12
BikeSomewhat Bikeable

Schools

6/10
3/10
Methuen High SchoolGrades 9-122.5 mi

Construction

Condition

  • Year built: 1981

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Appliances

  • Appliances included: Range,Dishwasher
  • Laundry features: First Floor,Common Area,In Building

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Features: Flooring - Laminate, Recessed Lighting
  • Level: Second

Features

  • Flooring: Laminate
  • Finished area above ground: 715

Heating & Cooling

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

Interior Area

  • Total structure area: 715
  • Total interior livable area: 715 sqft

Kitchen

  • Features: Ceiling Fan(s), Pantry, Kitchen Island, Lighting - Overhead
  • Level: Second

Living Room

  • Features: Flooring - Laminate, Balcony / Deck, Open Floorplan
  • Level: Second

Master Bedroom

  • Features: Ceiling Fan(s), Closet, Flooring - Laminate, Window(s) - Picture, Lighting - Overhead
  • Level: Second

Property

Details

  • Parcel number: M:01109 B:00110D L:00042,2049701
  • Zoning: MA

Features

  • Entry location: Unit Placement(Upper,Front)
  • Patio & porch: Porch
  • Exterior features: Porch

Parking

  • Total spaces: 2
  • Parking features: Off Street,Common
  • Uncovered spaces: 2

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

  • Inland Flooding
    Inland FloodingRelatively High
  • Ice Storm
    Ice StormModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Inland Flooding
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 $1,314$15,768
Home Insurance *$77$924
Property Taxes $230$2,760
Electricity $354$4,259
Total$1,975$23,700
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$67,714/yr
40% on housing$59,250/yr
45% on housing$52,666/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

$364This listing

vs Other Active Listings

Avg $/sqft

ZIP 01844$294
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)

No zestimate history available

Price History

DateEventPrice
2026-08-16Pending sale$260,000
2026-07-20Price change$260,000
2026-07-03Price change$280,000
2026-06-17Price change$290,000
2026-05-18Listed for sale$299,000
2018-10-30Sold$179,000
2018-09-14Pending sale$179,900
2018-09-11Listed for sale$179,900
2005-06-01Sold$129,306

For Sale by Agent

AgentYvonne Rosario
BrokerageCompass

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