For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
Check Availability
Middlesex
243 Riverneck Road
Photo of 243 Riverneck Road

3

Map

Photo of 243 Riverneck Road
Photo of 243 Riverneck Road
$1,250,000
● Land - In Contract

243 Riverneck Road

Chelmsford, MA 01824
bedrooms
Studio
bathrooms
0 Bath
$6,515
Est. Monthly
1.51%
Cap Rate

About This Property

ATTENTION: Developers, Builders & Investors. GREAT Opportunity to develop on 9.4 Acre site with 3+/- Acres Residential /  & 6+Acres  Industrial zoning. Multiple possibilities Townhomes (Conceptual Plan for 26-28 Units), Assisted Living, 55+, Nursing Homes & to Religious opportunities & more. Previously approved through 3/10/22 as a 40B Rental project for a single apartment building with 48 two bedroom units. Sewer, water, gas & electric at street." Reasonable" consideration will be given for time of permitting. Convenient to Chelmsford Center & Routes #129, #495, # 3, #128 & Train Stations in Billerica & Lowell. This area is in Chelmsford's 2017 designated Affordable Housing Plan.
Unit Size
-
Days on Market
-
Land Size
9.40 acres
Price per sqft
-
Property Type
Land
Property Taxes
$377
HOA Dues
-
Year Built
1945

Listed By

John Peterson
Arakelian Real Estate, Inc.

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 years ago (MLSPIN #72630499)

Price History

Date / Event Date Event Price
Mar 9, 2020 Listed by Arakelian Real Estate, Inc. $1,250,000
Listed by Arakelian Real Estate, Inc.
Mar 5, 2020 Sold
Premium
Sold
Nov 2, 2000 Sold
Premium
Sold

Property Highlights

Exterior Details
Waterfront Features: Lake/Pond, Beach Ownership(Public)
Building Area Units: Square Feet
Lot Features: Sloped, Wooded, Flood Plain
Lot Size Area: 9.4
Lot Size Units: Acres
Lot Size Acres: 9.4
Lot Size Square Feet: 409464
Tax Lot: 3&9
Water Source: Public
Financial Details
Tax Map Number: 74
Tax Assessed Value: $284,800
Tax Annual Amount: $4,524
Utilities Details
Sewer : Public Sewer

Building Info

Overview

    General

  • Year Built: 1945
  • Effective Year Built: 1945
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • Exterior Walls Type: 1
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • 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: 29,100
  • Total Building Area: 1,380
  • Gross Building Area: 3,762
  • Building Area: 1,380
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,380
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000668
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Chelmsford School District
  • School Tax School District: CHELMSFORD SD
  • Census Tract: 317102

Geography

  • Account Number: 4803
  • Parcel: CHEL M:0074 B:0275 L:9
  • Block: 275
  • Lot: 9
  • Municipality: CHELMSFORD
  • Latitude: 42.601
  • Longitude: -71.3333

    Address

  • Full Address: 243 Riverneck Rd
  • Address - House Number: 243
  • Address - Street Name: Riverneck
  • Address - Suffix Type: Rd
  • State: MA
  • City Name: Chelmsford
  • Carrier Code: C017
  • 4-Digit Zip Code: 2834
  • Zip Code: 01824

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $485,400

    Appraisal Valuation

  • Standard Deviation: 0.1904
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 471,120
  • High Value: 560,846
  • Low Value: 381,394

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $337,800
  • Assessed Land Value: $310,100
  • Assessed Improvements Value: $27,700

    Sales

  • Current Sale Contract Date: Feb 14, 2020
  • Current Sale Recording Date: Mar 05, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 9890
  • Previous Sale Recording Date: Nov 02, 2000
  • Previous Sale Amount: $150,000
  • Previous Sale Document Type: 27
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 Middlesex

Stats & Trends

Median Asking:

$819,000

Sale Price/ft²

$440

Below Asking

0.01%

Average Days on Market

55

Average Home Size

2673 ft²

Average Home Age

65.4 years

Currently For Sale

3328 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

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 2 years ago
Data Source: MLS PIN, MLS# 72630499

Frequently Asked Questions

When was property at 243 Riverneck Road built and last sold?
The property at 243 Riverneck Road was built in 1945 and last sold on Feb 14, 2020 for $250,000.
How much is this home worth?
The estimated value of the home located at 243 Riverneck Road is $1,262,500.
What are some comparable homes to 243 Riverneck Road?
There are currently no comparable homes to 243 Riverneck Road.
Recent Neighborhood News
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
The Current Status of iBuying in 2026: What To Know
Popular Searches
Chelmsford Homes for Sale
Chelmsford Houses for Sale
Chelmsford Condos for Sale
Chelmsford Co-Ops for Sale
Chelmsford Townhouses for Sale
Chelmsford Multifamily for Sale
Chelmsford Land for Sale
Chelmsford Commercial for Sale
Nearby Cities
Lowell Homes for Sale
Nashua Homes for Sale
Methuen Town Homes for Sale
Lexington Homes for Sale
Burlington Homes for Sale
Pinehurst Homes for Sale
West Concord Homes for Sale
Littleton Common Homes for Sale
Nearby Property Records
Middlesex County, MA Property Records
Hillsborough County, NH Property Records
Essex County, MA Property Records
Suffolk County, MA Property Records
Worcester County, MA Property Records
Norfolk County, MA Property Records
Rockingham County, NH Property Records
Providence County, RI Property Records
Neighborhoods
Highlands Real Estate
Centralville Real Estate
Pawtucketville Real Estate
South Lowell Real Estate
Tower Hill Real Estate
Belvidere Real Estate
North Lexington Real Estate
West Hollis Real Estate
Nearby Counties
Lowell Homes for Sale
Nashua Homes for Sale
Methuen Town Homes for Sale
Billerica Homes for Sale
Dracut Homes for Sale
Tewksbury Homes for Sale
Lexington Homes for Sale
Acton Homes for Sale
Top Real Estate Agents
Top Agents in Chelmsford
Top Agents in Lowell
Top Agents in Lowell
Top Agents in Nashua
Top Agents in Nashua
Top Agents in Methuen Town
Top Agents in Methuen Town
Top Agents in 01844