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Newton 02465 West Newton
285 River St
$1,200,000
● House - Off Market

285 River St

Newton, MA 02465
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
2,343 Ft²
$1,015,075
RealtyHop Estimate
1.61%
Since Jul 1, 2022
MA-Boston
Primary Model

About This Property

This wonderful Garrison colonial has been owned by the same family since they had it built in the 40's. Well maintained and freshly painted, offering 3 -4 bedrooms, hardwood floors, two fireplaces and a beautiful fenced in yard with a deck. Formal diningroom, fireplaced livingroom and a lower level fireplaced playroom/ familyroom. If this wasn't enough, the home also offers a full in-law/ au pair suite above the garage! It features it's own private entrance, and a modern kitchen, bathrroom, livingroom and bedroom. This bonus space was not an afterthought addition, but was built for the original owner's parents when the house was constructed. Convenient to Green Line, Commuter Rail, Bus and major highways. Come and see at Open Houses Saturday and Sunday 11:30-1:00 or by appointment. Offers due Tuesday April 12th
Unit Size
2,343 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$426
Property Type
House
Property Taxes
$653
HOA Dues
-
Year Built
1948

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #72963870)

Price History

Date / Event Date Event Price
Jun 6, 2022 Sold
Premium
Sold
Apr 7, 2022 Listed by Boardwalk Real Estate $999,000
Listed by Boardwalk Real Estate

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1948
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 736
  • Garage Type: 1
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,091
  • Total Building Area: 1,933
  • Gross Building Area: 3,610
  • Building Area: 1,933
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,933
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000232
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Newton School District
  • School Tax School District: NEWTON SD
  • Census Tract: 374600

Zoning

  • Zoning: SR3

Geography

  • Account Number: 44014 0032
  • District: 207
  • Parcel: NEWT S:44 B:014 L:0032
  • Block: 14
  • Lot: 32
  • Municipality: NEWTON
  • Latitude: 42.3567
  • Longitude: -71.2371

    Address

  • Full Address: 285 River St
  • Address - House Number: 285
  • Address - Street Name: River
  • Address - Suffix Type: St
  • State: MA
  • City Name: West Newton
  • Carrier Code: C014
  • 4-Digit Zip Code: 1437
  • Zip Code: 02465

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $1,024,000
  • Initial Tax Delinquent Year: 2023

    Appraisal Valuation

  • Standard Deviation: 0.1788
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 76
  • Final Value: 1,193,528
  • High Value: 1,407,012
  • Low Value: 980,044

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $1,049,200
  • Assessed Land Value: $755,100
  • Assessed Improvements Value: $294,100

    Sales

  • Current Sale Contract Date: Jun 06, 2022
  • Current Sale Recording Date: Jun 06, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 85017
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 West Newton

Stats & Trends

Median Asking:

$1,297,000

Sale Price/ft²

$599

Below Asking

0.02%

Average Days on Market

66

Average Home Size

4349 ft²

Average Home Age

51.6 years

Currently For Sale

29 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 70 Hope Ave, Waltham, MA, 02453

$3,422 /mo

  • 2 Beds
  • 2 Baths
  • 1,141 ft²
70 Hope Ave #Holden, Waltham, MA, 02453 Listing by Equity Residential
Unit for rent at 237 Moody St., Waltham, MA, 02453

$3,495 /mo

  • 2 Beds
  • 2 Baths
  • 1,246 ft²
237 Moody St. #2 Bedrooms X, Waltham, MA, 02453 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# 72963870

Frequently Asked Questions

When was property at 285 River Street built and last sold?
The property at 285 River Street was built in 1948 and last sold on Jun 6, 2022 for $1,200,000.
How much is this home worth?
The estimated value of the home located at 285 River Street is $1,044,555.
What are some comparable homes to 285 River Street?
There are currently no comparable homes to 285 River Street.
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