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Watertown Town 02472 East Watertown
124 Riverside Street
$725,000
● House - Off Market

124 Riverside Street

Watertown, MA 02472
bedrooms
3 Beds
bathrooms
1 Bath, 1 Half Bath
square feet
1,500 Ft²
$1,247,294
RealtyHop Estimate
66.53%
Since Oct 1, 2016
MA-Boston
Primary Model

About This Property

Picket fence surrounds this fully RENOVATED, TURNKEY Colonial on a corner lot in a quiet, family-friendly neighborhood.  Tucked away, yet centrally located, in the heart of Watertown, this home is a commuter's dream with easy access to the Mass Pike and MBTA lines. A sun-filled chef's dream eat-in kitchen opens onto an expansive PVC deck to bring the outdoors in. Three bedrooms rooms with expansion potential in the walkup 3rd floor.  Extensive list of updates including: granite island and countertops, stainless steel appliances, first floor laundry room, newer windows, 3 zone heating, spray foam insulation, and an open floor plan for contemporary living.
Unit Size
1,500 Ft²
Days on Market
-
Land Size
0.11 acres
Price per sqft
$499
Property Type
House
Property Taxes
$578
HOA Dues
-
Year Built
1889

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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 months ago (MLSPIN #72037597)

Price History

Date / Event Date Event Price
Sep 30, 2016 Sold
Premium
Sold
Jul 13, 2016 Listed by Real Estate Advisors Group, Inc. $749,000
Listed by Real Estate Advisors Group, Inc.

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1889
  • Effective Year Built: 1889
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 750
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 4,914
  • Total Building Area: 1,500
  • Gross Building Area: 3,280
  • Building Area: 1,500
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,500
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000113
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Watertown School District
  • School Tax School District: WATERTOWN SD
  • Census Tract: 370402

Zoning

  • Zoning: T

Geography

  • Account Number: 43280-36
  • Parcel: WATE M:0909 B:0007 L:0000
  • Block: 7
  • Municipality: WATERTOWN
  • Latitude: 42.3624
  • Longitude: -71.1787

    Address

  • Full Address: 124 Riverside St
  • Address - House Number: 124
  • Address - Street Name: Riverside
  • Address - Suffix Type: St
  • State: MA
  • City Name: Watertown
  • Carrier Code: C004
  • 4-Digit Zip Code: 2715
  • Zip Code: 02472

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,174,800
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2216
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 69
  • Final Value: 1,051,342
  • High Value: 1,284,392
  • Low Value: 818,292

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $865,100
  • Assessed Land Value: $426,700
  • Assessed Improvements Value: $438,400

    Sales

  • Current Sale Recording Date: Sep 30, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 173487
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 East Watertown

Stats & Trends

Median Asking:

$957,500

Sale Price/ft²

$513

Below Asking

0.01%

Average Days on Market

57

Average Home Size

2166 ft²

Average Home Age

87.7 years

Currently For Sale

40 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

Unit for rent at 20 Watertown St., Watertown, MA, 02472

$2,830 /mo

  • Studio
  • 1 Bath
  • 767 ft²
20 Watertown St. #Studio D, Watertown, MA, 02472 Listing by Equity Residential

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 5 months ago
Data Source: MLS PIN, MLS# 72037597

Frequently Asked Questions

When was property at 124 Riverside Street built and last sold?
The property at 124 Riverside Street was built in 1889 and last sold on Jan 1, 1970 for $735,000.
How much is this home worth?
The estimated value of the home located at 124 Riverside Street is $757,312.
What are some comparable homes to 124 Riverside Street?
There are currently no comparable homes to 124 Riverside Street.
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