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Listed 3 months ago

311 Fire Rte 59 Route

Belmont-Methuen, Havelock-Belmont-Methuen

$949,000

Detached|Bungalow
3 | 2 | 9.5
About this home

Open House Sunday June 7th. 2:00 to 4:00 pm. Everyone Welcome. An absolutely fantastic family compound with stunning views across Cordova Lake. Turnkey opportunity with almost everything included. This 985 sq. ft. home, built in 2003, has an eat-in kitchen and great room with 10ft cathedral ceilings providing an abundance of space and comfort. 3 Bedrooms plus family/bedroom area, main floor laundry room, 253 sq. ft. attached 3 season room providing great potential for expansion of living space. Enjoy beautiful sunrises from your private deck and almost 95 ft. of private waterfront with dock. Property also includes a completely independent 326 sq. ft. 1-bedroom bunkie with 3 pc bath, living room, and kitchenette built in 2009. Close to an acre of treed land provides an opportunity for future plans. 16 by 24 ft. garage more than 9 ft. high inside with 9 ft. door and hyrdo built in 2016. There is an additional 12 by 12 ft. shed for storage. Shingles replaced on home and bunkie in 2023, 4 inches of high-density spray foam under the home 2026, 2 inches of high-density spray foam under the bunkie in 2026. Starlink system can stay but needs a new contract. A large additional piece of land across the road from the garage up into the woods, has been added to this property. Additional PIN #282400261, additional legal description for across the road is PT LT 30 CON 1 BELMONT PT 5 45R12758; HAVELOCK-BELMONT-METHUEN.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. Age16-30
Size700-1100 sq. ft.
Property Tax$3,729
Lot Size253.92 ft x 96.52 ft
mls© NumberX13148402
Listed ByRE/MAX Jazz INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$4,857
Property tax
$311
Heat allowance
$150
Housing costs
$5,318 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $189,800
25-yr amortization

Income needed

$164,000

gross annual household income

Payment at 4%
$3,994 / mo
Cash down
$189,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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