$249,200
●
House -
For Sale
1616 Riverside Drive
Hillsborough, NC 27278
3 Beds
1 Bath
1,066 Ft²
$1,376
Est. Monthly
About This Property
Possibility takes center stage. This new Hillsborough listing
offers three bedrooms, one bathroom, and 1,066 square feet across a
single floor, giving buyers a manageable canvas for updates without
the scale of a sprawling renovation. The five-room plan can support
comfortable daily living while leaving space for a guest room,
office, or hobby area. Refresh surfaces and fixtures, rethink the
kitchen, or create a cohesive interior that reflects your style and
budget. Brick exterior construction and a masonry foundation
provide established building elements to evaluate as improvements
are planned. The lot may accommodate garden beds, a grilling spot,
play space, or a simple seating area for enjoying the surrounding
environment. Its residential setting offers breathing room while
keeping Hillsborough destinations accessible. This home may appeal
to first-time buyers mindful of price point, owner-occupants ready
to personalize, or investors assessing long-term potential.
Unit Size
1,066 Ft²
Days on Market
39 days
Land Size
0.46 acres
Price per sqft
$234
Property Type
House
Property Taxes
$152
HOA Dues
-
Year Built
1959
Listed By
Vivian Sweatt
Sweatt Realty, LLC
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
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: 2 months ago (TMLS #10195590)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 30, 2026 | Listed by Sweatt Realty, LLC | $249,200 | |
| Listed by Sweatt Realty, LLC | |||
| Jun 11, 1993 | Sold | ||
| Sold | |||
Property Highlights
Air Conditioning
Interior Details
Full Bathrooms: 1
Flooring Type: Vinyl, Wood, Other
Rooms: 1
Exterior Details
Square Footage: 1066
Architectural Style: Ranch
Year Built: 1959
Building Area Total: 1066
Levels: One
Construction Materials: Brick Veneer
Lot Size Area: 0.46
Lot Size Units: Acres
Lot Size Acres: 0.46
Lot Size Square Feet: 20038
Water Source: Well
Financial Details
Tax Assessed Value: $249,200
Tax Annual Amount: $1,820
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air, Natural Gas
Sewer : Septic Tank
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Orange
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Vivian Sweatt, Sweatt Realty, LLC
Last Updated: 2 months ago
Data Source: TMLS, MLS# 10195590
Last Updated: 2 months ago
Data Source: TMLS, MLS# 10195590
Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2026 Triangle MLS, Inc. of North Carolina. All rights reserved.
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017