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Worcester
1 Riverside Drive
$340,000
● House - Off Market

1 Riverside Drive

Auburn, MA 01501
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,066 Ft²
$414,920
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

Peace and tranquility is what you find in this home that sits on almost an acre of land.   Enjoy the back yard from the enclosed sunroom while your family and guests are playing games in the spacious yard.  Always dreamed of a swimming pool?  Plenty of land to install one for your summer enjoyment.  Many opportunities for a home business as it is zoned for residential commercial.  Roof, Harvey replacement windows and relined chimney done within the past 6-7 years.  Seller states there are hardwoods under the carpeting.  Partially finished basement has built in bar and stools.  Great commuter location for major roads.
Unit Size
1,066 Ft²
Days on Market
-
Land Size
0.91 acres
Price per sqft
$337
Property Type
House
Property Taxes
$363
HOA Dues
-
Year Built
1962

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 5 years ago (MLSPIN #72836198)

Price History

Date / Event Date Event Price
Jul 23, 2021 Sold
Premium
Sold
May 21, 2021 Listed by Keller Williams Boston Metrowest $359,000
Listed by Keller Williams Boston Metrowest

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1962
  • Effective Year Built: 1962
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 39,600
  • Total Building Area: 1,066
  • Gross Building Area: 2,728
  • Building Area: 1,066
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,066
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000909
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Auburn School District
  • School Tax School District: AUBURN SD
  • Census Tract: 736500

Geography

  • Account Number: 5633
  • District: 17
  • Parcel: AUBU M:0058 L:0051
  • Lot: 51
  • Municipality: AUBURN
  • Latitude: 42.1875
  • Longitude: -71.8223

    Address

  • Full Address: 1 Riverside Dr
  • Address - House Number: 1
  • Address - Street Name: Riverside
  • Address - Suffix Type: Dr
  • State: MA
  • City Name: Auburn
  • Carrier Code: C010
  • 4-Digit Zip Code: 3239
  • Zip Code: 01501

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $497,900

    Appraisal Valuation

  • Standard Deviation: 0.1888
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 75
  • Final Value: 395,752
  • High Value: 470,493
  • Low Value: 321,010

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $333,500
  • Assessed Land Value: $113,300
  • Assessed Improvements Value: $220,200

    Sales

  • Current Sale Contract Date: Jul 23, 2021
  • Current Sale Recording Date: Jul 23, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 103004
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Worcester

Stats & Trends

Median Asking:

$499,900

Sale Price/ft²

$281

Below Asking

0.02%

Average Days on Market

57

Average Home Size

2423 ft²

Average Home Age

63.4 years

Currently For Sale

1927 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Last Updated: 5 years ago
Data Source: MLS PIN, MLS# 72836198

Frequently Asked Questions

When was property at 1 Riverside Drive built and last sold?
The property at 1 Riverside Drive was built in 1962 and last sold on Jul 23, 2021 for $340,000.
How much is this home worth?
The estimated value of the home located at 1 Riverside Drive is $0.
What are some comparable homes to 1 Riverside Drive?
There are currently no comparable homes to 1 Riverside Drive.
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